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Parachain

Kusama (KSM) Looking Strong Good UpsideI know the market sentiment has been "extremely bearish." And we are in a bear trend, I wouldn't consider this a bear market officially just yet. Now is the time to really start thinking which projects will perform when we inevitably overcome the cloudy summer season of FUD storms and on to sunnier days in cryptocurrency. Kusama is looking strong and will most likely be at the forefront of the next DeFi Mania wave along with Polkadot (DOT) of course as these projects are going to be key cryptocurrencies in the expansion of DeFi. The Kusuama parachain auctions have have started and will be live for the next couple of weeks. With this recent Bitcoin dip there was a massive sell off as many people are getting out of their Alt coin positions. We formed a nice and important bounce for Kusama starting to form a new level of support after this capitulation . Of course if Bitcoin experiences another massive plunge bringing it deeper in $20ks then we could see this support easily broken bringing down below the $100 range. Only 10 million coins already 89% through its circulating supply. Keep Kusama on your radar.
Long
by peacefuljustin
4
KSM Forecast Update Idea!Hello my friends Welcome to this analysis about KSM / TetherUS forecast update, We are looking at the 4-Hr time frame perspectives. I assume the upward channel as you may see and the programs KSM is scheduling during near future. let's cross fingers ...... KSM Parachain Auction Schedule per below: 2021/06/15, 12:00 GMT: First Kusama Parachain Slot auction commences. Bids may be placed. 2021/06/17, 09:00 GMT: First Kusama Parachain Slot auction ending period begins. Only bids made prior to this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered. 2021/06/22, 09:00 GMT: First Kusama Parachain Slot auction bidding ends. No bids may be made on this auction following this point. 2021/06/22, 11:00 GMT: First Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days. 2021/06/22, 12:00 GMT: Second Kusama Parachain Slot auction commences. 2021/06/29, 12:00 GMT: Third Kusama Parachain Slot auction commences. 2021/07/06, 12:00 GMT: Fourth Kusama Parachain Slot auction commences. 2021/07/13, 12:00 GMT: Fifth Kusama Parachain Slot auction commences. Technicals 1) There's Hidden Bullish Divergence on the 4H chart of KSM - Price has made a higher low while the RSI oscillator is making a lower low. 2) Daily MACD has a bullish cross 3) Daily EMA ribbons are all bullishly crossed (not many cryptos have even a single daily EMA bullish cross) -This is looking ripe for an ATH high to be made in the next few days - I've made an illustrative path the price could take to end of June - don't take it as verbatim. Anything can happen! In this manner, thank you for your time to take a look at this!
by Daragolbon
Let the Canary Fly! Bullish on KSM.I've never been more bullish on Kusama (KSM). For those of you not familiar with the Polkadot ecosystem, Kusama is Polkadot's wild cousin or its canary network. Basically, Kusama has nearly the same codebase as Polkadot, but the main purpose of KSM is to be the proving ground for projects before they can deploy on Polkadot, kind of like a test network. For full comparison, you can check out this article: polkadot.network Why I trade/invest in Kusama? (doesn't necessarily mean you should too, none of this is financial advice) Fundamental Analysis: -Parachain Auctions are coming. This will cause an increased demand once the auction starts and also a supply shock since the projects are required to lock those KSM up. (This is too long to fully explain so DYOR on this. There are videos on Youtube that provide simple explanations about parachain auctions.) -If you're bullish on Polkadot, you have to be bullish on KSM too. A robust DeFi ecosystem, that could be up to par with Ethereum's, has already started building on both. -Had higher ROI so far compared to it's cousin Polkadot. My guess is some people have only started to realize just how important KSM really is to the DOT ecosystem, rather than just a simple test network. -Has a lower circulating supply and inflation rate. KSM has 8,980,098 circulating tokens compared to DOT's 996,120,387; and has an annual inflation rate of ~10% compared to DOT's ~12%. Some sites like Coingecko say it has a max supply of 10M, but I couldn't find an official source for that though. Technical Analysis: By looking at this log chart, we can see that KSM has respected this ascending channel ever since. The upper trendline has acted as strong resistance and we've only seen a fakeout once before its recent all-time high, while the lower trendline has been acting as strong support and just recently got tested again as support during this correction. I expect for KSM to have another go at the upper trendline within the next couple of weeks. Additional bullish indicators: -We could clearly see a hidden bullish divergence which is a bullish continuation indicator. (green lines) -21W SMMA acted as support and we are currently trading above the 21W EMA. A close above 21W EMA this week will make it even more bullish. That's all I have for now, and as Kusama's taglines go: "No promises. Expect Chaos." Good luck on your trades!
BINANCE:KSMUSDLong
by realredsteel
4
Kusama ready to flyKSM has been in a mega uptrend vs BTC for a long time, an especially vs USD. This year it made a new ATH vs BTC and currently it just retested some key levels both vs BTC and USD. It is now back above its 50 DMA and the monthly P looking very strong. Could easily hit R3 relatively soon. In my opinion Polkadot is also bullish which is definitely a plus! Maybe Polkadot and Kusama get listed on Coinbase together and we get a nice pump for both when that happens.
Long
by BitcoinMacro
1
PolkadexWanna gamble a bit with me ? do it at your own risks. this coin is not at his correct price, too cheap. Can buy it on Kucoin, Uniswap for decent volumes. Max supplies 20M This coin falled from 10000$ to 15$. Polkadex is a trading platform catered towards both Uniswap and Centralized Exchange markets. It provides two products initially, Polkadex Orderbook and Polkapool AMM . Polkadex Network allows traders to get the best of both worlds by providing a no KYC , feeless swaps, and liquidity on AMM pool supported by a perpetual liquidity mining program. On the other hand, Polkadex order book improves upon the centralized exchange market by providing a non-custodial, decentralized KYC'ed, fiat supported Orderbook based exchange with institutional grade liquidity and institutional trading bot support. Polkadex Network will become a para chain when it secures a para chain slot in Polkadot, opening the path towards DOT and other assets in the Polkadot Ecosystem. Take profit : 500$ ( Very Preservative ) Happy Tr4Ding !
PLong
by thecryer
21
LIT/USDT Update: Genesis block on parachain generatedLIT is forming a flag and we are getting closer to the end. There were some good news that LIT got a place within the parachain of polkadot. The price however did not respond to that. We guess it will soon and it's upwards. The volume decreased since the launch as it would do within a consolidation phase. --> Looking for a sharp increase. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
KUSAMA FLYING OFF KUSAMA I am really really bullish on this project. To me this will outperform most of the other projects during this bullrun. Growth is natural and demand will only increase with the Parachain slot auction. Teams can create a #crowdloan campaign for a parachain slot to attract external $KSM holders to lock up $KSM for the project’s auction bid. Rewards for the supporters of the bidding project may be the project token, or may be other incentives besides tokens. The Dot ecosystem is planning to lease up to 100 parachains. Watch Kusama fly and DOT follow up next. Is it still late to get in, not yet, but this may be our last chance for someone looking for a safe 2x. - I’ve set some buy orders at 400$ - 390$ and 380 $. Hopefully we could get down there and wish some early investor take some EARLY profits (which shouldn’t happen now imo) I am personally holding this one until scarcity is reflected on price. Which would be around TP3 = 930$ (APPROX) The canary is flying up to the moon. Cheers
Long
by OobCast
3
LONG DOT - @ POC Support with stops and profit targetsLONG DOT/USDT @ POC SUPPORT STOP @ 4.19 PROFIT TARGET 1: 5.25 / selling 1/2 move stop to Break Even PROFIT TARGET 2: 5.95 ================================================ Polkadot is a blockchain network designed to support various interconnected, application-specific sub-chains called parachains (short for parallelized chains). Each chain built within Polkadot uses Parity Technologies' Substrate modular framework, which allows developers to select specific components that suit their application-specific chain best. Polkadot refers to the entire ecosystem of parachains that plug into a single base platform known as the Relay Chain. This base platform, which also leverages Substrate, does not support application functionality but instead provides security to the network's parachains and contains Polkadot's consensus, finality, and voting logic.
Long
by HodlTradeCrypto
KDA BULLISH CHART going to $15- $25 mid-long termKadena has been on the talks in CT recently because of its amazing achievements of getting 480K TPS for the chain fork to 20 chains from 10 chains. This proves POW can be scaled. KDA team has worked on this for 4 remarkable years! in the past 10 years, noone dared to say POW(Bitcoin runs on POW) could scale. Kadena proven that POW can actually be scaled to MILLIONS of TPS that meet demands in the future. Enterprises will start flogging into Kadena soon. Why? Many HUGE enterprise such as fortune 100 companies ( health and insurance, banks) are already using KDA network, but due to NDA, not able to reveal anything. IMO, this is going to at least 50000 SATS this bull market.. thats a fine 10X from here..KDA market cap is only about 20Million now. backed by Jp Morgan, this can EASILY 10X and beyond to 100X. Go to Kadena discord or Telegram to talk to the Kadena team about this. this is a GEM. i repeat. an amazing Gem that i will not regret having in my portfolio this bull market.
Long
by meowoao