{"id":566266,"date":"2021-03-30T14:10:28","date_gmt":"2021-03-30T11:10:28","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566266"},"modified":"2021-03-30T14:10:28","modified_gmt":"2021-03-30T11:10:28","slug":"kusama-ksm-sets-new-all-time-high-of-567-grows-by-8x-in-q1-2021","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/kusama-ksm-sets-new-all-time-high-of-567-grows-by-8x-in-q1-2021\/","title":{"rendered":"Kusama (KSM) Sets New All-time High of $567, Grows by 8x in Q1 2021"},"content":{"rendered":"<p><strong>In brief:<\/strong><\/p>\n<ul>\n<li><strong>Kusama has set a new all-time high of $567 &#8211; Binance rate<\/strong><\/li>\n<li><strong>The digital asset has increased by a factor of 8x in Q1 of 2021 alone<\/strong><\/li>\n<li><strong>Kusama is known as Polkadot&#8217;s cousin and could be on a path towards more gains<\/strong><\/li>\n<\/ul>\n<p>The digital asset of Kusama (KSM) has had a remarkable rally since 2021 began that has allowed it to set a new all-time high value of $567 &#8211; Binance rate. Additionally, Kusama (KSM) has managed to gain a spot in the top 25 digital assets on Coinmarketcap as seen in the screenshot below.<\/p>\n<p>From the screenshot, it can be observed that Kusama (KSM) is roughly $162 million away from edging out <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/trx-news\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Tron (TRX)<\/a> from the 24th position.<\/p>\n<h2><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Kusama-CMC-Mar-30th.jpg\"><img class=\"aligncenter size-large wp-image-566268\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Kusama-CMC-Mar-30th-1024x315.jpg\" alt=\"\" width=\"1024\" height=\"315\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Kusama-CMC-Mar-30th-1024x315.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Kusama-CMC-Mar-30th-300x92.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Kusama-CMC-Mar-30th-770x237.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Kusama-CMC-Mar-30th-500x154.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Kusama-CMC-Mar-30th-240x74.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Kusama-CMC-Mar-30th-717x220.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/Kusama-CMC-Mar-30th.jpg 1276w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a>Kusama Has Increased by a factor of 8.1x in Q1 of 2021<\/h2>\n<p>To note is that Kusama (KSM) opened the year at a value of roughly $71 as seen in the screenshot below. This, in turn, means that Kusama has increased in value by a factor of 7.98x (698% in returns) to its recent all-time high value of $567. At the time of writing and as Q1 comes to a close, Kusama is trading at $540 which is a 7.60x (660% in returns) increment from its January 1st value.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/KSMUSDT-Mar-30th.png\"><img class=\"aligncenter size-full wp-image-566269\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/KSMUSDT-Mar-30th.png\" alt=\"\" width=\"936\" height=\"528\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/KSMUSDT-Mar-30th.png 936w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/KSMUSDT-Mar-30th-300x169.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/KSMUSDT-Mar-30th-770x434.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/KSMUSDT-Mar-30th-500x282.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/KSMUSDT-Mar-30th-240x135.png 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/03\/KSMUSDT-Mar-30th-717x404.png 717w\" sizes=\"(max-width: 936px) 100vw, 936px\" title=\"\"><\/a><\/p>\n<p>Also from the KSM\/USDT daily chart above, the following can be observed.<\/p>\n<ul>\n<li>Kusama&#8217;s trade volume is in the green<\/li>\n<li>The daily MACD is yet to show signs of exhaustion and Kusama could keep pushing higher with the new month<\/li>\n<li>Kusama is trading far above the 50-day (white), 100-day (yellow) and 200-day (green) moving averages hinting of a possible wild retracement ahead<\/li>\n<li>The daily RSI and MFI are in overbought territory at values of 85 and 89 respectively<\/li>\n<li>The 50-day moving average provides adequate macro support at roughly $300<\/li>\n<li>In terms of short term support zones, Kusama has $512, $489, $463 and $423 which also represent previous all-time high values<\/li>\n<\/ul>\n<h2>A Brief History of Kusama (KSM)<\/h2>\n<p>The Kusama (KSM) project is often referred to as &#8216;<a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/polkadot-dot\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Polkadot&#8217;s<\/a> wild cousin&#8217; and has been an experimental blockchain platform for developers to test out interoperability and scalable frameworks. According to <a href=\"https:\/\/kusama.network\/\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">the project&#8217;s website<\/a>, Kusama was built as &#8216;a risk-taking, fast-moving \u2018canary in the coal mine\u2019 for its cousin <a href=\"https:\/\/en.ethereumworldnews.com\/polkadot-dot-is-one-of-the-best-layer-1-protocols-out-there-weiss\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Polkadot<\/a>. It&#8217;s a living platform built for change agents to take back control, spark innovation and disrupt the status quo.&#8217;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In brief: Kusama has set a new all-time high of $567 &#8211; Binance rate The digital asset has increased by a factor of 8x in Q1 of 2021 alone Kusama is known as Polkadot&#8217;s cousin and could be on a path towards more gains The digital asset of Kusama (KSM) has had a remarkable rally since 2021 began that has allowed it to set a new all-time high value of $567 &#8211; Binance rate. Additionally, Kusama (KSM) has managed to [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":566271,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,108217],"tags":[108263,108264,108216],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566266"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=566266"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/566271"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=566266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=566266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=566266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}