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Kusama price prediction: Will it reach $600 again?

Kusama price prediction: Will it reach $600 again?

Kusama (KSM) is a scalable network of specialised blockchains built using Substrate. It’s referred to as Polkadot’s canary network because it serves as a near identical copy of the Polkadot blockchain.

As an experimental development environment, Kusama provides teams with the ability to test and fine-tune new features and early versions of projects in preparation for deployment on the Polkadot open-source blockchain platform. This is made possible because the network performs nearly the same functions as Polkadot.

More specifically, Kusama enables developers to build and deploy a parachain or try out Polkadot’s governance, staking, nomination and validation functionalities in a real environment before they are released on Polkadot.

The early, unaudited and unrefined release of Polkadot is not economically centralised and aims to cater to new, early-stage and high-risk functionality startups and projects.

The company, founded in 2019 by Gavin Wood, has stated that its goal is to spark innovation by placing the latest technology from Parity Technologies and the Web3 Foundation in the hands of developers even before those features make it to Polkadot.

Overall, Kusama’s open governance and sharded blockchains provide businesses, marketplaces and applications looking to move to Polkadot with a scalable infrastructure.

What is Kusama (KSM)?

Kusama is powered by KSM, its native token, which maintains the network. The main function of KSM is to enable users to validate, nominate validators, bond parachains, pay for cross-chain message passing and vote on governance referenda. It can also be used as a governance token for managing protocol updates.

The Kusama network relies on a Relay Chain that uses a nominated proof-of-stake (NPoS) model. Anyone who stakes KSM is eligible to perform any or all of the following roles:

  • a validator who is responsible for validating data in parachain blocks and participating in consensus and voting processes. Validators are elected based on a sequential Phragmén algorithm
  • a nominator who secures the Relay Chain by appointing his/her staked KSM tokens to validators in order to share in the rewards that are paid out

As it pertains to Kusama’s unique tricameral governance model, anyone who purchases KSM tokens can propose changes to the network and approve or reject changes proposed by others through a Referendum Chamber.

The chamber consists of stakeholders who are weighted according to both the amount of KSM held and the amount of time they are willing to hold these tokens. This legislative chamber is considered to have the broadest membership and is by far the most powerful chamber.

KSM holders can also elect members to an executive body known as the Council. A Technical Committee, composed of members voted in by the Council, also exists for the purpose of making urgent proposals in the event of an emergency. Overall, voting on proposals in the Referendum Chamber lasts 28 days and, if approved, it takes a further 30 days before any changes come into effect.

What’s more, validators can stake their KSM tokens in order to earn inflation rewards. Inflation is designed to be approximately 10% annually, with validator rewards being a function of the amount staked and the remainder going to the Treasury.

It’s worth noting that KSM is inflationary. There is no maximum supply. The network attempts to maintain an ideal staking rate of 50%, and KSM is inflated according to the system staking rate of the entire network.

The system staking rate would be the total amount of KSM staked over the total token supply, whereas the total amount staked amounts to the stake of all validators and nominators.

KSM price analysis: Technical view

The KSM coin was launched in December 2019. It reached an all-time high of $623.75 on 18 May 2021 when it climbed by 105% from its earlier price of $303.04 on 24 April 2021.

This surge could be attributed to KSM being listed on two major cryptocurrency exchanges. First, KSM was listed on the world’s largest crypto exchange, Binance on 2 September 2020.

On 17 September 2020, the token was listed on one of the world’s largest digital asset exchanges, Kraken. Then on 24 November 2020, Kraken added support for staking with a reward of 12% yearly.

However, this rally was short-lived. KSM lost over 50% of its value on 23 May 2021, falling to $262.97.

Last year, Kusama ran a total of six parachain auctions from 1 September until 13 October, with each auction lasting seven days. Shortly before this, KSM had been trading at $296.04 on 24 August 2021, but the price rose to $402.99 on 2 September, once the auctions had commenced. A further surge saw the price reach $509.62 on 7 November 2021.

KSM is currently (6 January) trading at around $265.51, and ranks 59th in the list of cryptocurrencies by market capitalisation at $2.2bn, according to CoinMarketCap.

Technical analysis provided by CoinCodex shows that short-term sentiment on KSM is bearish, with three indicators displaying bullish signals compared to 23 bearish signals.

The daily simple and exponential moving averages are giving sell signals, according to data from TradingView, while the relative strength index (RSI) is at 39, as of 6 January. An RSI reading of 30 or below indicates an oversold or undervalued condition.

Low barriers to entry for deploying parachains

What is distinctive and beneficial about Kusama is that it brings multiple blockchains together in one sharded network, freeing developers from the silos created by legacy blockchain networks.

Those using Kusama in order to facilitate testing can build a user base in a flexible development environment and fine-tune new features and early visions for projects in preparation for full deployment on Polkadot.

The diverse Kusama ecosystem allows developers to test innovations and still have almost the same experience as building on Polkadot, as both platforms possess the same codebase and multi-chain infrastructure.

Another benefit is that businesses, marketplaces and applications looking to transition to Polkadot can launch their own custom blockchain projects with low barriers to entry, making Kusama ideal for early-stage startups that are looking to move fast and iterate.

Developers can also build their own app-specific blockchain and connect it to Kusama using Substrate, the modular blockchain framework that Kusama is built on.

A risk for Kusama is that it is a wholly experimental network created to test scalability and interoperability and launched only in 2019, making it a relatively new project operating in a nascent industry.

“Kusama is the testing sandbox for Polkadot, the ‘blockchain of blockchains’ founded by the genius brain behind Ethereum’s smart contracts, Gavin Wood,” said Col Jung, a cryptocurrency expert and engineer working in analytics and mathematics modelling.

“As we continue to live in an increasingly multi-chain world, blockchain interoperability will become king. Kusama is a key tool for developers working towards that futuristic vision,” Jung told Capital.com.

Anndy Lian, chairman of BigONE Exchange and chief digital advisor for Mongolia’s national productivity agenda, said that Kusama can leverage Polkadot’s wide user base and global reach.

“Kusama’s most recent parachain slot auctions that ran throughout December 2021 prove my point,” Lian told Capital.com.

“For example, many major exchanges ran the auction and the large number of participants says it all. There has clearly been an influx of community members to their network. However, Kusama only exists as an unaudited version of Polkadot where new features are tested,” Liam added.

Kusama coin price prediction: Buy, sell or hold?

In terms of a Kusama crypto price prediction , algorithm-based forecasting service Wallet Investor gives a positive KSM/USD forecast. Based on historical data, Wallet Investor sees the price going up to $339.772 by February 2022, reaching $854.074 in January 2024 and hitting $1430.010 by January 2026.

Digital Coin Price supports the bullish KSM forecast, expecting the token to grow to $382.95 in February 2022, $628.94 in January 2025 and $1,004.72 in January 2028.

Note that predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

 

Original Source: https://capital.com/kusuma-ksm-price-prediction

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Metahero (HERO) price prediction: A cutting-edge project

Metahero (HERO) price prediction: A cutting-edge project

Metahero is a blockchain-based project that utilises three-dimensional (3D) scanning and modelling technology in order to generate ultra-high-definition (UHD) avatars and virtual items that can be used across games, virtual reality and social media, and in online fashion.

The company’s core mission is to offer futuristic virtual opportunities where people can recreate real-world assets and then move them into the metaverse.

Metahero’s versatile target demographic includes gamers, artists, celebrities and influencers, marketing professionals, professional athletes and online fashion platforms. It effectively enables anyone in the world to be able to scan a real-world asset – including themselves – to create a UHD avatar within just a few minutes.

A user simply needs to install the Metahero app and have the appropriate amount of HERO tokens in order to pay for the scan online.

Such cutting-edge developments have been made possible through a partnership with Wolf Digital World, the exclusive contractor and technology supplier for Metahero that has developed its advanced photogrammetric meta-scanning chamber.

This technology, which consists of numerous configuration options and data-collection sensors, has already been used by the likes of Ferrari and CD Projekt.

What is the Metahero coin?

HERO, which is built on the Binance Smart Chain (BSC), is a deflationary token that can be used for transactions within the Metahero ecosystem, as well as to pay for 3D scans and royalties.

Users can stake their HERO tokens in order to earn passive rewards. Meanwhile, the buyback and burn programme is initiated only when total liquidity on PancakeSwap exceeds $10m (€8.8m, £7.4m).

The main functions of HERO are as follows:

  • smart staking – where 0–2% of every transaction is proportionally distributed among all holders as a passive reward;
  • a burn process – where 0–2% of every transaction is permanently burned;
  • auto-liquidity – where 0–6% of every transaction is automatically added to liquidity on PancakeSwap; and
  • buyback and burn – where HERO tokens are burned, and then the Binance coin (BNB) is used to buy back and burn even more HERO.

Users are also able to buy, sell and transfer HERO with no fees.

HERO price analysis: Technical view

The HERO coin was launched in July this year and reached an all-time high of $0.2518 on 3 December 2021 when it managed to move above the key resistance level of $0.1720. The price then retreated to $0.1882 on 6 December 2021, dropping to a low of $0.1419 on 14 December.

Prior to this, the Metahero coin price had rallied to $0.2336 on 29 November 2021 from $0.1268 on 26 November. This 84% increase coincided with two positive catalysts: exponential growth in Metahero’s social media engagement, as reported on 29 November, as well as the company trending at number one on CoinGecko’s search box that same day.

In addition, HERO was listed on cryptocurrency exchange KuCoin on 29 October 2021, leading the coin to jump from a low of $0.09056 on 26 October to $0.1207 on the day of the listing.

HERO is currently (as of 30 December 2021) trading at around $0.136686. At $697m, it ranks 227th in the list of cryptocurrencies by market capitalisation, according to CoinMarketCap.

Technical analysis provided by CoinCodex shows that short-term sentiment on HERO is mostly bearish, with nine indicators displaying bullish signals compared to 14 bearish signals.

Cutting-edge technology and UHD 3D avatars

Metahero’s UHD meta-scanning chamber provides users with the option to scan themselves or their real-world assets, and then generate a realistic 3D rendering of these scans in the metaverse.

Yet one of the project’s most distinguishing factors is that users can also license their avatars to be used in games or other applications through the company’s upcoming 3D non-fungible token (NFT) marketplace, which was originally set for launch in the fourth quarter of 2021. While there is no news yet as to whether the launch has occurred – some sources consider this more likely to be in early 2022 – this component would allow users to monetise their avatars or earn extra revenue through the creation of NFTs.

Earlier this year, the company did launch its Metahero app, which allows users to track and manage their wallet activity and investments through real-time data and analytics.

In its white paper, the company also states that it is expecting to partner with Visa at an unspecified date in order to enable HERO holders to utilise their tokens for their daily expenses.

Metahero’s mega features

A crucial feature of the Metahero ecosystem is the UHD meta-scanning chamber that consists of 16 mobile columns equipped with a server unit of four cameras, all snapping pictures at full synchronisation.

Also, 12 meta-scanning chambers will be initially distributed throughout highly urbanised locations across the world – meanwhile, the first chamber has already been installed in Doha, Qatar.

In other Metahero crypto news, the company stated that it is currently working on upgrading existing meta-scanning chambers with new features that will include 16,000 UHD-resolution, foldable and mobile designs to enable easy transportation, shipping and set-up, as well as integrated photogrammetry head-scanning and facial mimicry.

This year, it was also announced that Metahero’s exclusive contractor and technology supplier, Wolf Digital World, has partnered with one of the world’s largest manufacturers of electronic products – Sony in order to co-develop an advanced photogrammetric scanner, which could provide a further boost to the project.

A risk for the project lies in the fact that 3D meta-scanning chambers are a new phenomenon. Even though photo-realistic avatars have been popularised by Bill Gates’s recent blog post where the business magnate stated he expects office meetings to go from 2D camera-image grids to 3D avatars within the next two or three years, Metahero is still operating within a nascent industry.

“One of Metahero’s key selling points is how they allow users to scan their assets or themselves in ultra-high definition and present these in the digital world,” said Anndy Lian, Asia chairman of BigONE Exchange and chief digital advisor for Mongolia’s national productivity agenda.

“There is a high demand for this niche within the cryptocurrency and gaming sectors. In addition, the popularisation of the metaverse has no doubt contributed to the project’s success,” Lian told capital.com.

“However, I believe that Metahero ought to market themselves more globally, perhaps seeking partnerships in Asia or other emerging markets,” he concluded.

Metahero crypto price prediction: Buy, sell or hold?

In terms of a Metahero coin price prediction , algorithm-based forecasting service Wallet Investor gives a positive HERO/USD forecast. Based on historical data, Wallet Investor sees the price rising to $0.552 by end December 2022, $1.338 by end December 2024 and hitting $1.733 by end December 2025.

Digital Coin Price supports the bullish Metahero coin forecast, expecting the token to grow to $0.21935894287 in December 2022, $0.26219545478 in 2025 and hit $0.58264192480 in 2028.

Note that price predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

 

Original Source: https://capital.com/metahero-hero-price-prediction

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Wemix price prediction: Is a new rally imminent?

Wemix price prediction: Is a new rally imminent?

Wemix is a blockchain-based platform for gaming decentralised applications (DApps) and has been developed by Wemade Tree, a subsidiary of Wemade. The company’s goal is to provide a network that incorporates the fundamental characteristics of gaming with blockchain in order to offer services that are primarily experience-driven.

Last month, the WEMIX token soared to an all-time high of $24.68 on 21 November according to CoinMarketCap, but the price retreated to an intraday low of $16.58 on 23 November, and closed at $17.35 on 25 November.

What is a Wemix coin? Let’s look at the project and the latest predictions for the price next year and beyond.

Wemix offering: Sharing and proliferation of in-game assets

The main purpose of Wemix, the company states, is to offer an advanced ecosystem that connects games, users, developers and platform providers.

The Wemix network relies heavily on trade delegators who ensure efficient and seamless asset and data transfers within the multi-chain structure. They essentially prevent the entire trading process from becoming wholly dependent on smart contracts. This structure, which consists of numerous chains, ultimately enables users to manage and trade their assets in a comprehensive manner.

In its white paper, the company hints at oversaturation within the gaming industry, which can often dissuade users due to the overwhelming amount of content that currently exists.

As such, the project aims to shift the focus for game developers onto more enjoyable user experiences by enabling them to utilise previously generated assets for new games. This method is referred to as the sharing and proliferation of in-game assets within Wemix’s network – intended to ultimately enable game developers to offer new user experiences.

Wemix’s hybrid multi-chain structure consists of three layers:

  1. a service chain that focuses on the swift and smooth processing of a large number of transactions
  2. a public chain that undertakes the role of asset management within the Wemix ecosystem
  3. a bridge chain that enables the transfer of assets between different chains

In particular, the bridge chain facilitates multi-chain connectivity, a crucial process which the network relies on in order to easily transfer assets, identify counterparties and complete transactions. The company has stated that such interoperability can greatly enhance current server-client services and accelerate the future of the blockchain industry.

In addition, all transactions occurring on the Wemix network are based on smart contracts that contain public transaction records and this openness adds a layer of transparency to the platform.

What is a WEMIX coin?

WEMIX is the native token of the platform and its primary use is as a form of currency within the marketplace, allowing players to sell and purchase in-game items.

From platform providers to developers and players who earn tokens – all participants within the Wemix ecosystem can receive greater rewards as the value of their tokens increase through the sharing and proliferation of in-game assets.

Developers can also grant game-specific tokens in order to reward players and then recoup the tokens by selling in-game items.

There are more than 123 million WEMIX coins in circulation from a total supply of one billion, according to CoinMarketCap.

Wemix price drivers: Asset continuity in a multi-chain structure

A major plus for the project is that game developers can actively utilise previously generated assets when building other new games. In essence, this allows them to establish a mini ecosystem that connects their games with the respective assets.

For Wemix, a mini ecosystem eliminates the existing fragmented game platform structure (which ostensibly runs in a discontinued manner) allowing players’ assets to be shared and dispersed within the marketplace through a process of asset continuity.

More specifically, if game developers are freed from the inherent worries of having to maximise revenue, they can and will be better positioned to maintain user-centric and developer-friendly policies – and build the foundation for a mutually beneficial ecosystem for all participants across the value chain, the company claims.

Also, Wemade (the parent company of Wemade Tree) has developed a global reach and this has no doubt contributed to the popularisation of Wemix. For example, 54% of Wemade’s revenue during the third quarter of 2021 came from overseas users, including those in Southeast Asia, Europe, North America and South America.

In other Wemix coin news, the project concluded its 21st non-fungible token (NFT) auction drop this month which attracted interest from a range of different artists and digital creators across South Korea.

Wemix token price analysis: Technical view and latest news

The WEMIX coin launched in October 2020 at $0.3599, however, it did not start gaining momentum until 18 September 2021 when it closed at $2.96, rising even further to an intraday high of $6.79 on 30 October. This spike could be attributed to the WEMIX token being listed on Liquid 40 days earlier on 20 September.

A strong rally followed with the price jumping to closing day price of $14.87 on 15 November and then to $17.72 on 17 November. WEMIX rose by almost 40% to its all-time high of $24.68 shortly thereafter on 21 November.

However, this rally was short-lived and the price retreated to an intraday low of $8.08 on 6 December, dropping to an intraday low of $7.85 on 15 December.

As of 29 December, the WEMIX crypto is currently trading at around $10.69. It ranks 211 in the list of cryptocurrencies by market capitalisation at $1.3bn, according to CoinMarketCap.

Wemix price prediction: Buy, sell or hold?

For the short term, technical analysis data from TradingView was bullish at the time of writing on 29 December. There were 12 indicators giving bullish signals compared with four bearish signals.

The 100- and 200-day simple moving average (SMA) and exponential moving average (EMA) were giving ‘buy’ signals, while the 30-day SMA and EMA were giving ‘sell’ signals. The Hull moving average and the volume weighted moving average (VWMA) provided ‘buy’ signals. The relative strength index (RSI), stochastic RSI and the average directional index remained neutral.

In terms of a longer term WEMIX token price prediction, algorithm-based forecasting service Wallet Investor shared a positive view. Based on historical data, Wallet Investor saw the price of WEMIX token to USD rising to $34.20 by December 2022, $80.90 in December 2024 and hitting $104.17 by December 2025.

DigitalCoin supported the bullish WEMIX crypto price prediction, expecting the token to grow to $16.54 in December 2022, $20.01 in 2025 and hit $45.59 in 2028.

According to Price Prediction’s WEMIX/USD forecast, the average price of WEMIX could reach $16.27 in 2022, $51.89 in 2025 and $316.90 in 2030.

Anndy Lian, chairman of BigONE Exchange and chief digital adviser for Mongolia’s national productivity agenda, told Capital.com:

“Wemix is a blockchain-based gaming platform owned by Wemade, but Wemade is not a new player in the gaming industry. The company’s global hit, The Legend of Mir 2 has amassed more than 120 million players worldwide. I also happen to know the CEO of Wemade Tree (the subsidiary of Wemade) Shane Kim and I find his vision and business model to be incredibly advanced. I see the massive potential of blockchain-based games in South Korea and if Wemix continues to market itself globally, we may well be in the midst of another legend in the making.”

When looking for WEMIX coin price predictions, bear in mind that analysts and algorithm-based forecasts can be wrong. Their WEMIX projections are based on fundamental and technical studies of a cryptocurrency’s past performance – which is no guarantee of future results.

It’s essential to do your own research and always remember your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your investment portfolio and how comfortable you feel about losing money. You should never invest money that you cannot afford to lose.

 

Original Souce: https://capital.com/wemix-coin-price-prediction

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j