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Kusama is a canary network of Polkadot, which means that it's an experimental blockchain environment with real economic conditions. In other words, it is an early, unaudited, and unrefined release of Polkadot. Kusama plays its role as a proving ground where developers can create and deploy a parachain or try out Polkadot’s governance, staking, nomination, and validation functionality in a real environment. Kusama and Polkadot are both built using Substrate, have a multi-chain infrastructure, and share almost the same codebase.
Kusama was founded in 2019 by Gavin Wood, founder of Polkadot and co-founder and former CTO of Ethereum. Kusama introduces itself as the provider of unprecedented interoperability and scalability for blockchain developers. So, does it worth investing? Can they make a business out of it? Let's dive in!
Kusama provided its investors with an 834% Return On Investment (ROI) over the last year, which is much above its similar projects' average ROI (157%). However, Kusama underperformed compared to the top 1500 projects of the market, with an average ROI of 4,034%. Buying Kusama would be a profitable investment if you had bought it a month ago, with a 26% increase in your money. The same is true for its 24 hours change. You can have Free access to our report here.
A great capable marketing team and brand awareness directly impact the success of any project. Our data indicate that Kusama's marketing team has appropriately performed over the last five months. Its Twitter account followers have increased steadily over the mentioned period, leading to 152% in the number of followers. You can follow Kusama's popularity report here.
Kusama's market capitalization rank has fluctuated over the last five months. Starting from rank 45 on April 23, 2021, it followed an increasing trend to reach the peak of 28 on June 10. After that time, the trend changed, leading to the rank of 52 by the time of writing this blog post, with more than $3.5 billion worth. The same trend has been seen for Kusama's price, starting at $352.07 on April 23, 2021, peaking at $603.8 on May 19, and then reaching $417.8 by the time of publishing this post. Also, Kusama's liquidity score is 64% above the market's average score, which means that you will not face much difficulty selling Kusama if the market is falling. You can find our report about its market capitalization, price, and liquidity score here.
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