Since the inception of blockchain technology some years ago, several projects have leveraged the technology to build thriving ecosystems. These projects span finance, healthcare, etc. Bitcoin and Ethereum are two of the most popular projects on the blockchain, and with advancements in the cryptocurrency space, several projects have spun off these two, with most riding on fixing their flaws.
Qtum is another project that switches the gear a bit higher by creating a bridge between the positives of the Bitcoin and Ethereum networks. It intends to leverage the stability of the Ethereum chain and its dApp environment while also solving its throughput and scalability concerns by combining the Bitcoin chain.
Today’s Qtum price is $2.90 with a 24-hour trading volume of $35,830,219. Qtum is up 1.48% in the last 24 hours. The current CoinMarketCap ranking is #97, with a live market cap of $301,891,819. It has a circulating supply of 104,235,646 QTUM coins and a max. supply of 107,822,406 QTUM coins.
This piece provides detailed information about Qtum, its features, historical price movements, Qtum price forecast, and technical analysis.
QTUM Price Predictions
Qtum, often pronounced “Quantum,” is an open-source blockchain platform developed by Patrick Dai, CEO of Qtum Foundation. It first surfaced in 2016 as a Bitcoin core fork combined with Ethereum’s VM. This combination birthed a hybrid blockchain that incorporates the best Ethereum and Bitcoin technology features via a third bridging layer known as “Abstract Account Layer (AAL).” Simply put, Qtum is built on three layers, and it leverages the dApp capabilities of the ETH blockchain and the secure UTXO model of BTC to serve businesses better.
Utilizing Ethereum’s Virtual Machines grants Qtum a stable environment for developing decentralized applications. However, Qtum’s development team is aware of the security and throughput issues limiting Ethereum, and they resolved these concerns by combining the network with the Bitcoin blockchain via the AAL. Also, using the EVM ensures that Qtum leverages smart or self-executing contracts and runs on a Proof-of-Stake (PoS) algorithm, which avoids enormous energy and resource demands, unlike the Proof-of-Work model.
The native token of the Qtum network is QTUM, and it enables enterprise customers and developers to access services on the Qtum blockchain. Like most digital currencies, QTUM gains value from its market demand and uses.
Qtum Price Prediction Overview
Features and Uses of Qtum blockchain technology
With its Bitcoin and Ethereum chain combination, Qtum offers critical features such as a decentralized governance protocol, ARM VM & Qtum Neutron, resources for decentralized apps, blockchain development multi-platform QTUM wallets, and enterprise blockchain offerings.
- Decentralized Governance Protocol: Qtum’s DGP allows certain modifications to the blockchain using self-executing contracts.
- ARM VM & Qtum Neutron: Qtum’s ARM VM and Neutron middleware ensure the chain’s support for Rust programming and upgrades that facilitate the improvement and adoption of developments in smart contracts.
- QTUM Wallet: Qtum boasts a multi-wallet ecosystem that supports Linux, iOS, Windows, Android OS, Mac OS, hardware wallets, web wallets, etc.
- Enterprise Blockchain Offerings: The Qtum blockchain is also dubbed “the business-ready blockchain.” It provides a secure, stable, and standardized environment for coding and deploying business-friendly smart contracts. In addition, the Qtum network offers custom-made solutions to enterprise clients.
The primary use case of the QTUM token is to pay transaction fees for contracts executed on Qtum’s blockchain and operate and maintain the Qtum ecosystem. It can be held, spent, transferred, and staked.
How to buy Qtum
QTUM is a relatively popular digital currency and can be bought on most cryptocurrency exchanges. The available trading pairs include Bitcoin, several Altcoins, fiat currencies, and stable coins. Some renowned exchanges that offer this token include Binance, HBTC, Huobi Global, Hydax Exchange, etc.
To buy QTUM, here are some steps to keep in mind;
- Choose an exchange that suits your needs, and set up an account.
- Understand the payment methods available on the platform.
- Ensure that you have a compatible and secure wallet to store your QTUM token.
- Purchase the desired volume of QTUM using any of the convenient trading pairs available on the exchange.
QTUM Price History
Following QTUM’s initial coin offering (ICO) in 2017, the token price began trading at just over $5, and it took an upward trend until it attained a year-high price of $65.01 in December 2017. The favorable price momentum of the crypto continued in 2018, as QTUM hit its all-time high of $106.88 by January 7. A few days after, a Qtum price drop occurred, and the value of the crypto was halved; it ended in January 2018 at $42.12. Between February and June 22, 2018, Qtum traded between $10 – $42.10, and by the start of June, it began trending downwards until it bottomed at $1.53 on December 8, 2018.
Between January to June 2019, QTUM experienced a slight price rebound and reached $5.91 on June 26. But in the second half of the year, the crypto lost its momentum again and ended the year at $1.61.
In March 2020, QTUM attained an all-time low of $0.77, and it gained momentum again until it reached $5.36 on August 21. Towards the end of 2020, QTUM’s market price traded within $2 – $4. At the start of 2021, QTUM kicked off with positive price dynamics, as it traded between $2.02 – and $4.16. It continued to trend upwards in the following months, as it hit $20.95 on April 19 and then $35.38 on May 7. The price surge followed the cryptocurrency market trend at the time, with BTC, ETH, BNB, and the likes experiencing similar upward trends.
At the start of June 2021, the price of QTUM had fallen to one-third of its value on May 7, and the coin again took to a downward trend. It recovered in August 2021, and its current market price is about $13.40. It has a circulating supply of 92%, i.e., 98,797,100.73 QTUM from a maximum supply of 107,822,406 QTUM.
QTUM Technical Analysis
This dip was supported around 2.4 on the 4-hour chart, stopped dropping and recovered, and was blocked twice near 3. At the moment, it has returned towards 3 after breaking past 3, and it is bullish.
The RSI indicator is consistently above the neutral 50, in the bullish region, and remains so. The market is in a decline, and we are looking for a SHORT entry signal below the 3.09 support level. Only a break above 4.62 would end the bearish trend.
Specifics of the trade
Entry: 3.09, 4.62 as a stop loss, 2.20 take profit and Take profit number two: 1.22
QTUM Price Predictions by Authority Sites
QTUM is a solid long-term (1-year) investment, according to the Wallet Investor Forecast System. Smart technical analysis updates QTUM projections every 3 minutes with the most recent pricing.
Wallet Investor forecasts future prices of digital tokens such as QTUM using technical analysis. QTUM might be a beneficial investment choice if you are seeking virtual currencies with a high return. On 2022-07-07, the QTUM price was 2.861 USD. If you buy QTUM today for $100, you will receive 34.952 QTUM. According to our projections, a long-term increase is projected; the price prediction for 2027-07-03 is 5.916 US Dollars. Revenue is estimated to be about +106.78 percent after a 5-year investment. Your present $100 investment might be worth up to $206.78 in 2027.
According to Coincodex’s current Qtum price projection, the value of QTUM will fall by -18.27 percent to $ 2.34 by July 12, 2022. Our technical indicators indicate that the current attitude is bearish, with the Fear & Greed Index reading 18 points (Extreme Fear). QTUM has 14/30 (47%) green days with 13.19% price volatility during the previous 30 days. According to our QTUM forecast, now is not the time to buy QTUM. Comparing QTUM to other significant technical advancements and trends might help anticipate where the QTUM price will go in the long run. The table above illustrates what the QTUM pricing would be by the end of 2023, 2024, and 2025 assuming its growth trajectory mirrored the internet’s development trend.
QTUM has the potential to break past the $4.51 barrier and hold the market by the end of 2023. The most affordable QTUM pricing will be between $3.78 and $4.51. Market analysts and experts believe that QTUM will begin the year at $3.49 and trade at roughly $4.79 by 2024. According to their projections, this would be significantly more than the previous year. The QTUM Price Prediction and technical analysis suggest that the cost of QTUM will reach $9.03 by the beginning of 2028, and the price of QTUM should reach $9.03 by the end of the year. The price of QTUM is expected to reach $12.66 by 2030. With an average selling price of $13.06 in 2030, QTUM’s worth might reach $13.51 at its peak
QTUM Price Prediction 2022
According to our in-depth technical analysis of previous QTUM price data, the price of QTUM is expected to reach a low of $4.83 in 2022. With an average selling price of $4.98, the QTUM price may reach a maximum of $5.46.
QTUM Price Prediction 2023
In 2023, the price of QTUM is expected to fall to a minimum price value of $7.33. Throughout 2023, the QTUM price might reach a maximum value of $8.49 with an average price of $7.53.
QTUM Price Prediction 2024
According to the projection price and technical analysis, the price of QTUM in 2024 is expected to be as low as $10.11. With an average selling price of $10.42, the QTUM price may reach a maximum of $12.64.
QTUM Price Prediction 2025
In 2025, the price of one Qtum is predicted to fall to a minimum of $15.01. Throughout 2025, the QTUM price can reach a high of $17.39, with an average price of $15.43.
QTUM Price Prediction 2026
The price of QTUM is expected to go as low as $22.24 in 2026. According to our estimates, the QTUM price might reach a maximum price level of $26.39, with an average prediction price of $22.86.
QTUM Price Prediction 2027
According to our in-depth technical analysis of previous QTUM price data, the price of QTUM in 2027 is expected to be about $30.42. The QTUM price value may reach a high of $38.48 and a low of $31.33 in USD trading.
QTUM Price Prediction 2028
In 2028, the price of QTUM is expected to be as low as $42.11. Throughout 2028, the QTUM price might hit a high of $52.70 with an average trading price of $43.36.
QTUM Price Prediction 2029
According to forecasts and technical analysis, the price of QTUM is anticipated to reach a low of $56.56 in 2029. The QTUM price has a high value of $72.41 and an average value of $58.29.
QTUM Price Prediction 2030
In 2030, the price of QTUM is expected to be as low as $84.03. Throughout 2030, the QTUM price might reach a high of $96.90, with an average trading price of $86.37.
QTUM Price Prediction 2031
The price of QTUM is expected to go as low as $120.81 in 2031. According to our estimates, the QTUM price might reach a high of $143.25 with an average predicted QTUM price rise of $124.26. increases. Please keep in mind that each investment involves some risk. Simply invest in what you can do before drawing any judgments and conducting your own research.
Price Prediction by Industry Influencers
Qtum is an intriguing concept, and its further development will increase its general usage. Most of the above price projections agree on a bullish QTUM price in the long run, and if market emotions continue to favor the coin, it will soon break through resistance levels and retrace its current all-time high.
The value of QTUM is projected to climb further as scarcity encourages price. According to our in-depth technical analysis of previous QTUM price data, the price of QTUM is expected to reach a low of $4.83 in 2022. With an average selling price of $4.98, the QTUM price may reach a maximum of $5.46.
The price of QTUM is expected to go as low as $22.24 in 2026. According to our estimates, the QTUM price might reach a maximum price level of $26.39, with an average prediction price of $22.86. In 2031, QTUM price might reach a high of $143.25 with an average predicted QTUM price rise of $124.26. increases.
QTUM has a bright future ahead. With ongoing developments happening in the project’s ecosystem and the crypto market, we may see the price of the QTUM token reach higher price points. Meanwhile, our long-term Qtum price prediction for 2022 is bullish.
Qtum is an exciting project, and ongoing development will further enhance its widespread adoption. Most of the price forecasts above agree on a bullish QTUM price in the long run, and if market sentiments continue to favor the crypto, it will break past its resistance levels and retrace its current all-time high soon.
Please keep in mind that each investment involves some risk. Simply invest in what you can do before drawing any judgments and conducting your own research