Kusama (KSM) Hits Self Reported Market Cap of $294.85 Million

Kusama (KSM) traded down 12% against the dollar during the 1 day period ending at 22:00 PM E.T. on July 4th. Kusama has a market cap of $294.85 million and approximately $18.23 million worth of Kusama was traded on exchanges in the last 24 hours. Over the last week, Kusama has traded 19.5% lower against the dollar. One Kusama coin can now be bought for about $19.44 or 0.00034160 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• KILT Protocol (KILT) traded 4.8% lower against the dollar and now trades at $0.19 or 0.00000327 BTC.
• 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 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 down 1.7% against the dollar and now trades at $0.0117 or 0.00000021 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Kusama

Kusama launched on July 16th, 2019. Kusama’s total supply is 15,166,566 coins and its circulating supply is 15,166,565 coins. The official message board for Kusama is guide.kusama.network/docs/community. The official website for Kusama is kusama.network. The Reddit community for Kusama is https://reddit.com/r/kusama and the currency’s Github account can be viewed here. Kusama’s official Twitter account is @kusamanetwork and its Facebook page is accessible here.

According to CryptoCompare, “## What is Kusama?

Kusama is a blockchain platform that was created as a more experimental and development-oriented counterpart to the Polkadot network. It is designed to be a platform for early adopters, developers, and researchers to experiment with and build new blockchain-based technologies and applications. Kusama has a fast-paced development cycle, which allows for rapid iteration and deployment of new features and upgrades.

## Who Created Kusama?

Kusama was created by the Web3 Foundation, a Swiss non-profit organization dedicated to the development of decentralized technologies. The Web3 Foundation is also responsible for the development of the Polkadot network.

## How Do You Use Kusama?

Kusama can be used for a variety of purposes, including experimentation with new blockchain-based technologies and applications, as well as for participating in the network’s governance through the use of its native token, KSM. Kusama’s fast-paced development cycle makes it a great platform for testing and experimentation in the blockchain space. Additionally, Kusama provides a shared security model, which allows for cross-chain interoperability and collaboration between different blockchain networks. To use Kusama, you can either run a validator node to provide security to the network or hold KSM and participate in governance through voting.”

Kusama Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Kusama directly using U.S. dollars. Investors seeking to trade Kusama should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. 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