Kusama Skyrockets Over 110% Amid Crypto Surge

Kusama's (KSM) cryptocurrency surged by 119% in a single day, marking its largest gain in 2024, as liquidity shifted from Bitcoin to altcoins, particularly benefiting the Polkadot ecosystem. KSM's rally was fueled by its association with Polkadot and its perceived undervaluation, attracting investors. The token's trading volume reached $1.36 billion, the highest in three years, though it remains uncertain if this momentum will continue.