“The chicken is flying again!” Seeing that the price of KSM hit a new high of $550 today, some investors joked. Kusama is Polkadot’s experimental chain, also known as Canarynetwork, and its Chinese name is Canarynetwork. Because the price and market value was once sluggish, many investors have dubbed the nickname “fuck from the ground”. However, as the auction of Polkadot slots is approaching, Kusama Spring River Plumbing Duck Prophet, as a test field, started a journey of price discovery. Since the beginning of this year, the Kusama token KSM has risen from $70 to $550, an increase of 6.6 times. During the same period, Polkadot’s growth rate was 2.9 times, and Bitcoin was only 97%.
Someone made 8 figures
Mickey is a loyal promoter of the Polkadot community. It is said that there are tens of thousands of KSMs and he has made 8-9 figures. In February of this year, he predicted that before Polkadot’s official para chain slot auction, DOT will be 50 dollars, and KSM will be 500 dollars.
Regarding the skyrocketing of KSM, he believes that the April Kusama network’s para chain slot auction was stimulated. The current mainstream cross-chain technologies include 1. Notary schemes; 2. Sidechains/relays; 3. Hash-locking; 4. Distributed private key control ( Distributed private key control). He believes that, as one of the cross-chains, the para chain is the master of the development of the blockchain in the past ten years, whether it is from a technical point of view or a conceptual point of view, and that the para chain will subvert all existing blockchain technologies.
Mickey’s previously estimated schedule of the Polkadot Parachain slot auction progress is Around mid-March, the Kusama network public interest para chain slot auction. After that, the Kusama network slot was officially auctioned. As soon as April, the Polkadot public interest para chain slot auction and the official Polkadot para chain will be officially launched in May . Based on this, he transferred part of the funds from the foreign exchange market to KSM again at a high level in early March and withdrew more than 1,000 KSM in two days. Like him, there are many big investors who are optimistic about KSM. Mickey said, “I am a rational value investor and take the long-term. I know a few five-figure KSM positions, and they all hold money.”
Market value surpasses EOS
The market value of EOS at the peak of blockchain 3.0 exceeded US$17 billion. After 3 years of hard work, the market value of EOS has been successfully reduced to less than US$4 billion. As Web3.0 pilot project Kusama representative of Boca, since October 2019 formally launched, we knew the market value has surpassed EOS.
(Image source: https://www.coingecko.com/)
In this regard, a “Drunk Beauty Future” investor in the community said that there are no good projects on EOS, basically some gambling projects. In addition, EOS founder BM has a bad reputation, which leads to more negative opinions on EOS. . Moreover, EOS parent company Block.one did not use the money to support the ecology after raising billions of dollars. Instead, it changed hands to buy treasury bonds, gold, and Bitcoin. “BM, as a person in the crypto circle, doesn’t believe that EOS can do a good job and does not empower the ecology. Isn’t this ironic?” Zuimei said Spark Global Limited.
On the other hand, Gavin Wood, the founder of Polkadot, was the co-founder of Ethereum and the author of the Ethereum Yellow Paper. It is said that up to 100 people in the world can understand it. At the same time, Gavin Wood contributed more than half of the Ethereum code in the early days. After leaving Ethereum, he developed an Ethereum Wallet, the only wallet that has not been successfully attacked by hackers when the ether is stolen, its technical strength is self-evident. After Gavin Wood founded Polkadot, he established the web3.0 fund, incubating and supporting many excellent web3.0 projects.