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KSM — Kusama
The testing ground of a larger network, where new things are tried out first with real money.
What it is for
- Set out to
- A precursor to Polkadot with identical code, on which innovations run under real conditions.
- Today in addition
- A reorientation towards zero-knowledge technology.
- Notable
- A chain operated as the official forefield of another chain, with deliberately shortened voting periods.
- Strength
- Innovations appear here first.
- Weakness
- Its own purpose depends on Polkadot needing this precursor.
Contract address
Kusama — its own chain, no contract.
The asset is the currency of its own chain and does not sit as a token on someone else’s. An empty field here would stand for a missing figure — but nothing is missing.
Score
43of 93
Market capitalization
$70Mas stored
against Bitcoin, 90 days
—not against the dollar
CoinMarketCap
#5034numeric identifier
This asset is not in the sector barometer.
The four cycles
Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.
| Cycle | Lowest daily close | Highest daily close | Rise low → high | Fall high → low |
|---|
| 2015 to 2017January 14, 2015 to December 16, 2017 | did not yet exist |
| 2018 to 2021December 15, 2018 to November 8, 2021 | existed, but not measurable — reliable exchange days only from June 2, 2022 |
| 2022 to 2025November 21, 2022 to October 6, 2025 | $12.3011,635 satJuly 1, 2025 | $60.0482,095 satMarch 13, 2024 | in dollars +$5.02 (+40.8%)against Bitcoin +24.0%from $12.30 on July 1, 2025 to $17.32 on July 22, 2025 | in dollars -$47.74 (-79.5%)against Bitcoin -85.8%from $60.04 on March 13, 2024 to $12.30 on July 1, 2025 |
| Year by year |
| 2022: in dollars -4.3% (from $24.09 to $23.05) · against Bitcoin -8.8% |
| 2023: in dollars +100.2% (from $22.49 to $45.03) · against Bitcoin -21.3% |
| 2024: in dollars -35.7% (from $51.23 to $32.92) · against Bitcoin -69.6% |
| 2025: in dollars -54.4% (from $34.23 to $15.60) · against Bitcoin -65.5% |
| since 2026, ongoingJune 30, 2026 to September 17, 2026 | $2.854,526 satAugust 14, 2026 | $4.245,548 satSeptember 17, 2026 | in dollars +$1.39 (+48.6%)against Bitcoin +22.6%from $2.85 on August 14, 2026 to $4.24 on September 17, 2026 | the window ends at the high |
| Year by year |
| 2026: in dollars +42.6% (from $2.97 to $4.24) · against Bitcoin +9.3% |
If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.
The four questions that are always answered
Net supply and issuance pressure0 of 20
Starting valuation and size leverage12 of 14
Survivability10 of 12
Relative strength against Bitcoin4 of 6
the score is calculated from all twelve criteria. What the twelve questions measure and what has been corrected about the measurement is on the method page.
The remaining criteria are not recorded individually for this asset; the total comes from the assessment of September 5, 2026.
The figures in detail
Price, as stored$3.71
against Bitcoin, 7 days—
against Bitcoin, 30 days—
listed on CoinMarketCap sinceDecember 2019
Age since listing6.73 years
Fees relative to valuationnot determined
Supply still lockednot researched
hard supply capnot researched
Carried by Nexocarried
Trading venues of 15 checked13 of 15
The fifteen largest centralized exchanges by the CoinMarketCap ranking were counted, as of September 5, 2026. Decentralized exchanges do not count. Bybit is not included in any figure, because the venue was not reachable through sixteen address forms. Which five venues are the best for each asset has not been collected yet.
Finding
For this asset the summarized finding has not yet been transferred to this page. The individual reasons for all twelve criteria are in the assessment file Completion C2, September 5, 2026.
Investors and partners: not researched — awards no points, because projects with large backers did not perform better.
Nexo: Carried by Nexo — purchase page documented on September 1, 2026.
No investment advice, no price forecast, no buy or sell recommendation. A high score does not mean “will rise”. It means the asset scores better on these questions than the others.