Here’s Why Polkadot and Kusama Will Moon Hard in 2021

Polkadot, the blockchain of blockchains, that will deliver and solve cross chain transactions, scalability, and security. Solving three major problems in the cryptospace.

Those features add instant value to the crypto space. There is another massive key reason why Polkadot and Kusama will reign supreme and be the top altocoins in 2021.

Polkadot Crypto: Introducing the Parachain Auction

If you want to learn why you should be holding boat loads of these coins and why it will be the best performing altcoin of 2021, read below and then then watch the video.

Polkadot is a Big Deal

Polkadot is the next best thing to happen to crypto since Ethereum. Bitcoin enabled people to send and recieve funds across borders without a bank. Ethereum made crypto programmable with smart contract features that self executes making global business trustless and decentralized.

Now enter Polkadot crypto, who takes it to a whole new level! A blockchain that is compatible with all other blockchains. Meaning Bitcoin, ETH, Ripple, Cardano, NEO, can all talk to each other in one interface. This is also known as cross chain or multi-chain network. This is a VERY big deal.

If we look at where Polkadot ranks by market capitalization, currently #5, it is a direct correlation to the robust and sophistication technology this network offers. What most people don’t know, is that this coin is going to pop more and hard.

Why are Polkadot and Kusama going to be one of the best, if not the top performing coins in 2021?

There is something called a parachain auction, or a parachain lease offering, that will be taking place in Q1 2021. A parachain lease offering is a relatively new way to crowfund. Here’s where a number of top tier projects launching on the substrate framework like Acala Network, Plasm Network, Sora network, Robonomics and many more. They will compete and battle out for the initial 10-12 parachain slots. This will solidify their role in the Polkadot ecosystem by officially becoming the FIRST parachains of the DOT network. This process entails these contestants loaning and or locking up DOT and KSM tokens for 6 months to 2 years.

This is a huge supply of DOT and KSM being locked up for a potential 2 years!
A large percentage of the supply off the markets, making them more scarce. The duration depends on the contributor and how long you choose to lock up the coins.

You’re probably asking yourself, why would I give away my precious DOTS and KSMs? Well first of all you are not giving them away, you’re actually loaning them or leasing them out. And in return you will get, for example, Acala mainet coins, Polkaswap coins, Plasm mainet coins, and Robonomics coins. If you can get your hands on a parachain coin before it is announced, you will have found yourself the gem of gems. The price of that coin will pop instantly, the moment the official announcement is released. That’s a fact.

Polkadot Crypto Perspective: Supply and Demand

Now read (and listen) carefully. To give you perspective, there are about 899 million DOT crypto coins circulating now, with a total supply of roughly 1 billion, with Kusama having a supply of about 10 million coins. According to Robonomics.network, who may get a parachain slot, they have a detailed chart that breaks down the total amount of DOT and KSM coins that will be allocated to this parachain offering. The overall amount of units that will be submitted in the auction are 4 million KSM and 400 million DOT. That’s 40% of DOT and KSM that will be off the market. The sell pressure will decrease drastically, and scarcity has increased immensely, not to mention stakers, and governance uses. In other words, this equates to supply and demand.

Polkadot and Kusama Price Predictions

My humble price prediction for Polka Dot and Kusama: we should expect DOT to sit at the number 3 crypto market cap position, leading up to the launch of the parachain auction, which should be taking place in Q1 2021.

This means that DOT only has to do a 2 X. I don’t say this often, but this is guaranteed to happen in a very short period of time. I give this a matter of weeks, as long as the parachain auctions does not delay. Even if the market goes bearish, I believe the launch of the parachains will override that.

Check the current price of Polka Dot on Coingecko here.

I believe DOT will be number 3 in market cap very, very soon. We just saw BTC run from $20K to $40K in just a matter of weeks. DOT has a lot going for it, in terms of progress and the sophistication of the network. I got to be honest, we might see DOT contest for that top spot, possibly dethroning ETH.

I really think we will see ETH and DOT market cap have little to no disparity. There will be very little margin that separates ETH and DOT. Dot crypto at the number two spot is possible, and even probable.

With KSM we should expect to see it move from #47 market cap, to around the #30 position. As long as everything goes in motion relating to the Polka dot parachain auctions. This means KSM market cap should be around $1.4 Billion, where DAI currently sits.

I expect this to happen as we get closer to the parachain auction and just after the initial parachains are announced. This means the KSM price will easily double to around $160 a pop.

Conclusion

There you have it ladies and gentlemen. My reasons DOT and KSM will be among the top altcoins in 2021.

And it’s not about ETH vs DOT vs BTC. It doesn’t matter what you buy, it matters what you own. It’s not only about DOT and KSM. In my next video I’m going to share with you what potential parachains I’m going to be gunning for; where, why and how.

Watch my YouTube video below. Visit my YouTube channel, The Crypto Lifestyle here.