Market Analysis: Kusama Current State

Time for a fresh look at Kusama. The market dynamics here are worth examining closely.

📈 Current Price Action

The price sits at $4.71 right now, with 7.16% movement in the last 24 hours. We're seeing bearish pressure over the past week. The monthly chart shows significant correction from recent highs.

Kusama price movement over the last 7 days

💰 Market Metrics

Market cap stands at $83.44M, placing it at rank #318. With $10.09M in 24h volume, we're looking at healthy trading.

Metric	Value
Current Price	$4.71
24h Change	-7.16%
7d Change	-28.41%
30d Change	-43.44%
Market Cap	$83.44M
24h Volume	$10.09M
Market Rank	#318

🪙 Supply Dynamics

Currently $17.72M coins are circulating from a total supply of $17.72M.

📊 Historical Context

The all-time high was $621.71, and we're currently 99.24% below that level. The all-time low sits at $0.88, which means we're 437.01% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.

🤔 My Take

From a fundamental perspective, Kusama is in a consolidation phase. The fundamental metrics show room for growth if fundamentals improve.

Remember, higher volatility means higher risk. Position sizing is crucial.

🎯 Final Thoughts

And that's my current read on Kusama. Numbers don't lie, but they also don't predict the future. What's your perspective on this project?

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This is not financial advice. Always do your own research before making investment decisions.