Kusama Price
What is Kusama
To understand Kusama price, let's start with a brief overview of the Kusama token itself.
Kusama is closely connected to another crypto – Polkadot, one of the most successful “Ethereum killers”.
Kusama value comes from its use as a breeding ground for Polkadot innovation. It bills itself as “Polkadot's canary network”. Developers can introduce and test different features in a less restrictive environment. If they are successful, they can eventually be moved to Polkadot.
What moves Kusama price
As always, your own research is the key to understanding crypto – and this Kusama price chart is a great starting point.
Since Kusama is so closely related to Polkadot, you may try comparing Kusama price history to that of Polkadot. Of course, historical performance does not necessarily correlate with the Kusama price today, but it does serve as a useful reference.
You may also consider the overall state of the crypto market and see how it relates to the current Kusama price.
How to track KSM price
We've built our Kusama price tracker to be simple and intuitive. Here are just some things you don't want to miss:
In addition to KSM price in USD, this tool also supports dozens of local currencies;
It is always updated with live Kusama price, and historical data is just a few clicks away;
Click anywhere on the chart to see the exact price of Kusama at any given time;
And, since this chart is powered by Paybis, other great crypto tools are right at your fingertips! Check out our KSM to USD converter or, if you need more currencies, there's the Kusama calculator!
What can you do with KSM
Kusama uses a consensus mechanism known as Nominated Proof of Stake (NPoS). This means that Kusama holders are encouraged to stake their tokens to help run the network. In turn, they are rewarded with additional KSM tokens.
This can be a good option if for those who decide to HODL your KSM, that is, buy and keep it, waiting for Kusama worth to increase. This way, Kusama holders can still earn additional income while waiting for the KSM price to reach their target value.
Kusama price today
This is just a brief overview of KSM and some of the factors that influence Kusama price now. It's not an exhaustive list, but we hope it's a good starting point.
And this is exactly what we strive to do here at Paybis: to provide a great place to start your crypto journey. No matter if you're a beginner or a pro, we have all you need to succeed in the crypto market. Whether it's a simple way to check KSM price, the simplest way to buy crypto or a wallet you can always access – we've got you covered.
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