Kusama (KSM) Reaches Self Reported Market Capitalization of $294.98 Million

Kusama (KSM) traded 6.6% lower against the dollar during the 24 hour period ending at 12:00 PM Eastern on August 28th. During the last seven days, Kusama has traded up 1.3% against the dollar. One Kusama coin can now be purchased for about $19.17 or 0.00032646 BTC on major cryptocurrency exchanges. Kusama has a market capitalization of $294.98 million and $15.43 million worth of Kusama was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 7.6% against the dollar and now trades at $0.0518 or 0.00000089 BTC.
• 2G Carbon Coin (2GCC) traded 0.4% lower against the dollar and now trades at $0.0480 or 0.00000183 BTC.

Kusama Profile

Kusama was first traded on July 16th, 2019. Kusama’s total supply is 15,390,812 coins and its circulating supply is 15,390,584 coins. The official website for Kusama is kusama.network. Kusama’s official Twitter account is @kusamanetwork and its Facebook page is accessible here. The Reddit community for Kusama is https://reddit.com/r/kusama and the currency’s Github account can be viewed here. Kusama’s official message board is guide.kusama.network/docs/community.

According to CryptoCompare, “Kusama (KSM) is an experimental blockchain network designed to facilitate rapid innovation and testing of new blockchain projects before they are deployed on Polkadot. It uses a similar codebase and infrastructure as Polkadot, allowing developers to experiment with fewer constraints. The KSM token is essential for network operations, including staking, governance, and bonding for parachain creation. Founded by Gavin Wood, Kusama serves as a crucial testing ground for the broader Polkadot ecosystem.”

Buying and Selling Kusama

It is usually not currently possible to purchase alternative cryptocurrencies such as Kusama directly using US dollars. Investors seeking to acquire Kusama should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Kusama using one of the exchanges listed above.

KSM/USD price chart by TradingView