Following a significant weekly price rally and a surge in trading activity, investors are now watching whether KSM can reverse its longer-term monthly downtrend.
KSM price rallies strongly
KSM's price increased by
↗30%
over the last week and
↗15%
in the past 24 hours. This daily performance occurred as the broader market saw a decline of
↘2%
, while KSM's weekly gain outpaced the
↗8%
increase from competitor DOT.
Trading activity sees a major spike
A notable surge in trading volume for KSM registered an increase of
↗354%
within its category. This happened while trading volume in the broader market decreased by
↘37%
, indicating focused interest in the asset.
KSM is down over the month, but performs better than competitors
Despite its recent gains, KSM's price is down
↘13%
over the past month. However, this decline was less severe than the
↘24%
drop for both DOT and the Polkadot ecosystem category average over the same period.