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Kusama (KSM) Is 30% Up Ahead of Its Parachain Auctions’ Second Batch

Published 09/01/2021, 08:30 AM
Updated 09/01/2021, 08:30 AM
Kusama (KSM) Is 30% Up Ahead of Its Parachain Auctions’ Second Batch

  • Kusama (KSM) is up by over 30% today
  • Currently, KSM is in bullish mode ahead of its parachain auctions’ second batch.

Kusama (KSM) is up by over 30% today. Currently, it is trading at $387.00 with a 24-hour trading volume of $1,106,482,685 at the time of writing. KSM price surged from around $298 on August 30 to over $415 today, September 1. It means it surged by nearly 130% in the last 2 days.

Currently, KSM is in bullish mode ahead of its parachain auctions’ second batch. According to data, the price surge is due to investors and traders buying KSM to engage in the coming auctions starting tomorrow.

Note that the first batch of 5 parachain slot auctions on Kusama was completed throughout June and July. More so, those parachains, along with the common-good parachain Statemine, have been working on Kusama since that time.

As per the Kusama team, the sixth parachain slot sale will start on September 1, at noon GMT. The team a...

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