Tag Archives: Kusama

Development activity on Cardano rallies in the last month, placing the Layer 1 network ahead of Polkadot and Kusama.

Polkadot has outperformed other blockchain platforms in recent development activity, but its DOT token is struggling, with strong staking and volume metrics in place.

Polkadot and Kusama staking will no longer be available for deposits on Lido. LDO bounced back, but the rally might be short-lived. Crypto holders supporting the Polkadot [DOT] and Kusama [KSM] networks might be in for a rude shock following Lido Finance’s [LDO] latest announcement. On 29 March, the liquid staking platform revealed that itContinue reading “Lido [LDO] shuns staking for DOT and KSM, all you need to know”

Lido finance records a decline in TVL and APR in the last week. LDO’s value continues to fall following FTX’s collapse. Leading Ethereum [ETH] staking platform Lido Finance [LDO] suffered a decline in its total value locked (TVL) in the last week due to a decline in the value of native tokens, including Polygon’s MATIC,Continue reading “Lido’s TVL falters, thanks to the decline in the price of these ruling altcoins”

A new roadmap released for Polkadot and Kusama DOT remained popular in the derivatives market and the crypto community  The last few weeks were not quite impressive for most of the cryptos, as they failed to register upticks due to the bearish market condition. However, things might have started to change as several cryptos showedContinue reading “Shorting Polkadot may not be a good decision because these metrics reveal…”

Kusama’s native cryptocurrency KSM has finally managed to reclaim its May levels after its June crash. This is after delivering a healthy bullish performance. But, surprisingly, the previous support is now yielding resistance. Not even para chain auctions could protect KSM from the downside it has experienced so far this year. But then again, theContinue reading “Kusama traders can apply change in polarity principle at this level”

The Kusama network’s native cryptocurrency, KSM has been trading within a falling wedge pattern since the second half of 2021. However, it pushed out of that pattern at the end of last week, but the results have been underwhelming. KSM has been on an overall bearish trajectory since November 2021. It bounced off its descendingContinue reading “Kusama: Factors why KSM is struggling to find ample trading volume”

Kusama’s native cryptocurrency KSM is among the digital currencies that got a massive slap down during the latest bear market. It looks like the bulls are making a comeback but can KSM promise a recovery as fast as it delivered a fall? KSM has already experienced some upside which manifested as a 19% rally sinceContinue reading “Deciphering if Kusama’s [KSM] latest bull run is here for the long haul”

KSM has suffered heavy downside in the last few months, especially this year as markets crashed. However, it might be due for a major price change considering its price action for the last few months. The Kusama blockchain has been growing at a healthy pace, although that growth does not reflect in KSM’s price action.Continue reading “Analyzing Kusama’s [KSM] potential breakout in the near future”

Kusama’s native cryptocurrency KSM is one of the many casualties of the latest bear market. It has so far plunged by roughly 50% since the start of May and the heavy discount has sent it crashing to January 2021 levels. KSM enjoyed a healthy bullish recovery in March, seemingly ending its long bear run whichContinue reading “Will Kusama [KSM] defy further selloff amid crypto market contagion”

Open-source blockchain platform Polkadot announced the launch of its parachains (or parallelized chain). It aimed at improving the interoperability between multiple blockchains. According to the announcement, the Polkadot team invested five years into the development of the parachains, which were allocated to teams via auctions. Well whatever the ingredient, Polkadot’s vision of enabling multiple blockchain ecosystemsContinue reading “DOT’s 2021 journey has been a wild one, but can it deliver good returns in 2022”

Apart from a CoinMarketCap glitch that pushed its price above $4,000, Polkadot [DOT] – like many other cryptos – has been seeing a holiday season filled with red. At press time, DOT was trading at $26.11, after a ‘hike’ of 0.26% in 24 hours. Aside from its price performance, the Polkadot community has also beenContinue reading “NFTs, CBDCs could soon be coming to Polkadot”