After a long consolidation period and forming a huge bullish triangle, we have been waiting for a breakout for Kusama for a long time and guess what? Its here! I see KSM hitting $600 this week! Just have a look below what happened on the last Kusama breakout... :0 Kusama still is severely undervalued at a 4bn market cap, in my opinion that should be at least 10+bn as KSM is basically Polkadot on steroids. Another fun aspect: ususally KSM breaks out first and pump and after that DOT pumps. :) The token economics are great, they are super scarce hence we such high prices and I project 10K Kusama tokens within the next 2 years, especially as the blockchain will be running full steam by then. Also parachain auctions are coming soon! Research it...
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Important update on Twitter on 10x Club, a weekly newsletter curated by me containing research & analytics on the crypto market & the amazing opportunities during the bear market - Check my Twitter or website link below:
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.