Kusama has taken flight, soaring over 112% on Saturday, leaving investors and enthusiasts buzzing over what’s fueling this meteoric rise for Polkadot’s experimental sibling.
Kusama (KSM), often referred to as Polkadot’s (DOT) “canary network,” is living up to its moniker.
The coin’s rally signals a new wave of activity in the blockchain ecosystem. Designed for developers and startups to test ideas in a live environment, Kusama’s rise suggests a surge in experimentation and innovation.
What is Kusama?
Kusama acts as a live testing ground where developers and teams can experiment with new ideas, features, and distributed applications (dApps) before deploying them on Polkadot, a top layer-1 network.
Earlier this month, crypto.news reported that analysts were bullish on Polkadot despite its weak fundamentals.
Now, observers note that selling Polkadot and Kusama at all-time lows was a mistake as these “solid projects” were ripe for a comeback.
See below.
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Author: Anthony Patrick
