Are you looking to invest in cryptocurrency and amass wealth through digital money?
With so many different coins flooding the cryptocurrency market almost every year, newcomers looking to buy crypto are naturally confused! You’ve heard about Bitcoin, but are there alternatives that you should consider?
Have you heard of Kusama crypto? Kusama cryptocurrency is a new cryptocurrency intended to work on the Polkadot blockchain that’s rising in popularity.
Here’s why you should consider adding Kusama crypto to your portfolio:
What Is Kusama Crypto?
Kusama crypto works alongside the Polkadot framework and has many of the key features of that blockchain. It works as a system that tests out changes in the Polkadot blockchain before transferring over to that blockchain.
Think of Kusama crypto as a beta version of Polkadot which is the final version. You can buy Kusama via a crypto exchange platform. You can use this platform for trading and liquidating your Kusama crypto as well.
As of now, Kusama crypto hasn’t caught on to a larger audience – but this is often the best reason to invest in cryptocurrency. Those who got into Bitcoin at an early stage are the true winners. Those who are investing now are struggling to make the most of their investment.
One major factor that sets Kusama apart from Polkadot is that it’s much more expensive. As of the first week of June 2022, Kusama crypto has averaged around $70 per coin.
So, what are the advantages of investing in Kusama crypto?
Why Bother With Kusama Crypto?
One advantage of Kusama crypto is that it offers utility. It serves a purpose other than trying to be an asset that you can liquidate for fiat.
It can also be used as a form of currency. As the Polkadot framework works with a diverse range of industries you can expect a large consumer base who’ll want to accept payments via Kusama.
While fluctuations haven’t been stark, the price of this particular cryptocurrency has risen over the past year. This means that Kusama crypto has an upward growth trajectory.
Over the past year, it has reached a low of $62 per coin to a high of $536 per coin! It’s crashed as the cryptocurrency market is rather volatile.
However, the fact that it’s had such a tremendous growth trajectory means that it’s ideal for investing in.
Kusama doesn’t have a fixed maximum supply like Bitcoin or Ethereum. This means that it’s not an ideal cryptocurrency for protecting against inflation. However, it’s an ideal option for building wealth and having an asset to earn extra cash.
Choose Kusama Crypto
Now that you know Kusama crypto and how it works, you might want to consider adding it to your portfolio.
Kusama crypto works as a beta version of the Polkadot framework. It serves a variety of consumers and is likely to grow more popular in the coming years.
While it doesn’t work to hedge against inflation, it can help you build a side income. Its price has fluctuated and growth has remained stable this year.
You can find more tips on the cryptocurrency market on our blog.