Altcoins have rallied pretty well in response to Bitcoin’s recovery, several times in a row this season. At the time of writing, for instance, as Bitcoin stood above $51.8K, most alts were trading in the green on their one-day price charts. On the other hand, some alts were less affected in comparison. One such coin was Kusama which relied on Polkadot for its gains. 

With coins rallying on the back of BTC gains, is it a good time to have Polkadot and Kusama in your portfolios, and what will be their fate after prices ease up?

Organic growth 

Over the last one week, both DOT and KSM gained market capitalization and offered ROIs close to 35%. The previous rallies of these altcoins were primarily due to increased investment inflows, an increase in the number of active addresses, and on-chain activity. 

In case of Kusama, for instance, the alt saw an almost 40% price jump last week after the Kusama network commenced the second installment of highly successful Kusama parachain slot auctions on September 1st. Kusama being a testnet or Canary Network for Polkadot, the pump in price was seen for DOT too, which made 37% gains after the announcement.