Key Component Of The Polkadot Ecosystem
Kusama has managed to somehow escape the effects of severe market dumps throughout 2020! In the cases where KSM did correct along with the rest of the market, it lagged and often only dropped days after the broader market had already fallen. In percentage terms, the drops were for the most part a lot less than the general market. Yesterday KSM printed a new all time high at a little over $65! The price has retraced somewhat to $56 at the time of writing.
I was a bit late on KSM and managed to buy at approximately $9, when I would have been able to secure some KSM at around $1, had I followed my gut and not waited so long.
Kusama is now in the Top 50, with a market cap of just over half a billion. The trading volume is also quite healthy and it is important to note that KSM can also be staked in order to earn staking rewards. MyCointainer is currently offering the best rate at 11.6% per annum. The Fearless wallet has also been recently released and is available on Android and IOS!
Fearless is a non-custodial mobile wallet designed for the Kusama and Polkadot networks. The wallet is still however in the development stages and once complete will also offer the Polkaswap DEX and staking facilities.
Yes - UBT Is Next!
During the process of writing this article, Unibright managed to narrowly exceed the previous all time high of $0.60! UBT has been my best performing altcoin of 2020, which I picked up late 2019. Unibright is still very low in market cap value, especially when you take into consideration the partnership with Coca-Cola! Ranked at number 125 with a market cap of only $85 million, still leaves a lot of upside for Unibright. Kusama and Unibright are both long-term holds for me, as I managed to acquire them prior to significant price appreciation.
The all time high levels mentioned are obviously in dollar terms and not against BTC. Nothing mentioned in this article is investment advice and should definitely not be considered as such.