Kusama is an experimental blockchain platform for developers with a focus on interoperability and scalability of the structure. Kusama is built on Substrate, a blockchain building kit developed by Parity Technologies. Kusama has almost the same underlying code as Polkadot, one of the most successful interoperable blockchains.
The platform is intended to be a testbed for developers looking to innovate and deploy their own blockchain, and can be used as a preparatory network before launching on $DOT . However, many projects choose the Kusama network for their final product. Kusama benefits from a low barrier to entry for deploying parachains, low validator requirements, and is most often used by early-stage startups and for experimentation.
According to technical analysis, the coin continues to move above the short-term uptrend. The coin has already rolled back to 0.618 Fib. The price is actively trying to consolidate above the key level of $42 on high volume.
💼 Buying Kusama for your average nightly portfolio.
🔎 Ticker: $KSM
✳️ Entry price: $47
🛡 Stop loss: it is better to take a deal without a stop in investment.
💼 Volume per transaction: up to 1-2% of the crypto portfolio.
🎯 Goals: $88 (in the next 2-3 months); $169 (until the end of 2024); $330 (long term).
📈 Transaction growth potential: up to 1000%
The coin is interesting for purchases in a medium and long-term portfolio. Here you can open a position only without a stop, with a small volume from the portfolio and of course without leverage.
The medium-term will outperform any trading strategy in terms of profitability, so I carefully assemble my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀
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