I am studying the KUSAMA project and I see that there are auctions on it, but it does not give a strong growth. What do you think of this coin?
I dont see polkadot to be the best environment for projects. Its not building user base as fast as solana, avax, not even mentioning BSC. And I don't think we need more than 3 fast chains.
Will this coin push to 500$? Well as always it all depends on overall crypto market permeance. So far we see strong correction. BTC just broke support on 58k. I would not expect KSM to grow when everything else is falling (fail to hit 500$ target). If we will see strong market bounce ... I would not expect KSM to grow as fast as others (succeed to hit 500$ target but other projects will outperform KSM).
What about the circulation of the coin on the exchanges? Auctions will go on for a long time and coins will be locked for 1 year.