Kusama (KSM) 1-Day Volume Hits $2.17 Million

Kusama (KSM) traded 1.3% higher against the US dollar during the 1 day period ending at 9:00 AM Eastern on July 31st. One Kusama coin can currently be bought for about $2.99 or 0.00004694 BTC on cryptocurrency exchanges. Kusama has a market capitalization of $55.65 million and approximately $2.17 million worth of Kusama was traded on exchanges in the last 24 hours. In the last week, Kusama has traded down 2.2% against the US dollar.

Here’s how similar cryptocurrencies have performed in 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 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.
• 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.
• SolvBTC (SOLVBTC) traded down 1.5% against the dollar and now trades at $63,541.51 or 0.99666046 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Kusama Coin Profile

Kusama’s genesis date was July 16th, 2019. Kusama’s total supply is 18,596,491 coins and its circulating supply is 18,596,480 coins. 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. Kusama’s official website is kusama.network.

According to CryptoCompare, “Self-described as “Polkadot’s wild cousin,” Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers. Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains. By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.” The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product. Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation. Discord, YouTube, GitHub, Reddit, Medium”

Buying and Selling Kusama

It is usually not possible to buy alternative cryptocurrencies such as Kusama directly using U.S. dollars. Investors seeking to acquire Kusama should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Kusama using one of the aforementioned exchanges.

KSM/USD price chart by TradingView