Kusama minted NFTs in a special edition “Kusama Parachain Launch Collection” earlier this week and distributed them to the network’s newsletter subscribers as part of the launch.
Kusama minted NFTs in a special edition “Kusama Parachain Launch Collection” earlier this week. It also distributed them to the network’s email subscribers.
Analysts continue to be bullish on Polkadot in the long run. They are expecting a surge to the latest all-time high with the debut of parachains.
Dotsama
The Polkadot and Kusama projects have experienced more development activity than any other blockchain project in the preceding month. Investors call Polkadot and Kusama Dotsama.
Polkadot and Kusama’s merged project, “Dotsama,” has seen the most development activity in the last month than in any other crowdfunding campaign.
Over the last month, Kusama (KSM) and Polkadot (DOT) have emerged as the leading gainers. Despite the latest consolidation, observers remain optimistic about “Dotsama.”
Polkadots expects to make a comeback. The multi-blockchain protocol to build cross-chain gateways is making significant progress in its ecosystem growth. The blockchain protocol is now in round two after completing the first parachain bidding on Kusama.
Its first five parachains ended in bonding 10% of the KSM supply (pulled out of circulation). Scarcity has historically driven asset prices higher. Resulting in an upsurge in the ratio of KSM supplies bonded is directly proportional to a rise in KSM pricing.
Interestingly, Polkadot’s ecosystem has attracted scant attention from the cryptocurrency world since projects like the Binance Smart Chain, Polygon, Terra, and Solana have gone live and drawn traders.
Even though the community is still waiting for an announcement on the release of parachains, Polkadot has created a community of developers working on projects with solid use cases on DOT. They are priming the ecosystem for rapid expansion and is set to go.
Optimism About DOT
Lark Davis, a cryptocurrency analyst, and YoutTube content maker, recently came to Twitter to express his optimism about DOT.
Interestingly, Investors commonly own Polkadot liquid assets (excluding Bitcoin and Ethereum) throughout Crypto Venture and Hedge Fund Portfolios as of July 2021, according to a statement by crypto research and data platform Messari.
With the news of the parachain debut, institution investment will increase.
In the instance of Kusama, the asset is capitalizing on emerging trends. The team released a limited edition NFT collection earlier this week, minting 9,999 NFTs for the “Kusama Parachain Launch Collection.”
The NFTs give newsletter subscribers of the initiative.
Overall, changes in the project’s ecosystem over the last two months have made experts optimistic about the DOT price. “Dotsama” is a “money maker” due to its upside potential.
As per Lark Davis, if you bought the top on KSM, you’d be up to 10X on $movr, and most of their fans are 20-100X. The best part of parachain auctions is receiving your KSM return at the end. It is conclusive evidence that Dotsama is a moneymaker.
FXStreet predicts a 40% increase in DOT price, while the altcoin is now experiencing significant opposition.
