Qtum Price Prediction 2023-2031
Here’s some good news for crypto-loyal communities, crypto enthusiasts and crypto stakeholders: Qtum has ranked #1 on CoinMarketCap by engagement growth.This news means that continuous growth is VERY possible in crypto winter!
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 https://www.cryptopolitan.com/news/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 https://www.cryptopolitan.com/news/ethereum-eth/ 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 $2.01 with a 24-hour trading volume of $24,893,324.
Qtum is up 3.74% in the last 24 hours.The current CoinMarketCap ranking is #111, with a live market cap of $209,636,994 USD.
It has a circulating supply of 104,460,643 QTUM coins and a max.supply of 107,822,406 QTUM coins.
This guide 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.QTUM gains value from its market demand and uses like most digital currencies.
Qtum Price Prediction Overview
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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 stablecoins.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
According to our Qtum price analysis, Qtum has been trading in a falling wedge formation since a monthly peak of $2.402 and is currently testing the support level of $1.90.Qtum is in a continuous falling trend since November 2022 and there are no signs of a strong trend reversal.The MACD and RSI indicators have crossed below the midline to the bearish side, signaling further downward momentum for Qtum’s price in the near future.
The 20-day moving average (MA) is currently trading above the 200-day MA, which is a bearish signal.Additionally, both MAs have been on a downward trajectory since April 2020 and there are no signs of trend reversal yet.
Qtum market volatility has been relatively low, which indicates that the current price trend is likely to continue in the near future.The support level of $1.90 has held strong so far and any break below it could signal further downside for Qtum’s price.
The price is currently trading below the 23.6% Fibonacci retracement level at $2.032 which suggests that the bears have taken control of the momentum in Qtum’s market.
Overall, it appears that the bearish trend in Qtum’s price is still intact and any attempts at a reversal should be met with caution.However, if the bulls can push prices above $2.032 they could possibly open up a pathway to higher levels in the medium term.
Qtum Price Predictions by Cryptopolitan
Qtum has been resilient to the 2022 bear markets, with its price steadily increasing once the market sentiments are favorable.
Looking at our current Qtum price prediction and technical analysis, Qtum is likely to follow the broader market recovery from the November 2022 dip.
In the medium to long term, Qtum is likely to end 2022 trading at the current range of $1.90 to $2.00.Further, if the market recovers to new highs in 2023, Qtum could possibly surge above the psychological level of $2.00 and aim for higher levels.
Qtum Price Prediction 2023
Our Qtum price prediction for 2023 suggests Qtum will pick up momentum and potentially attain a maximum value of $3.46.An average forecast price of $3.01 and a minimum of $2.93 is expected by the end of 2023.
Qtum Price Prediction 2024
Our Qtum price forecast for 2024 is a maximum price of $5.09 and an average trading price of $4.34.Qtum is expected to trade at $4.19 as the lowest price.
Qtum Price Prediction 2025
Our Qtum price forecast for 2025 is an average trading price of $6.49, with a maximum value of $7.34 and a minimum price of $6.32.
Qtum Price Prediction 2026
According to our Qtum price forecast for 2026, Qtum will continue on a bullish trend with the potential to hit a maximum price of $10.82 and an average trading price of $9.43.The minimum value is forecasted to be $9.10 by the end of 2026.
Qtum Price Prediction 2027
According to our Qtum forecast for 2027, the Qtum price rise is anticipated and is expected to reach a maximum of $15.79, with an average trading price of $13.05 and a minimum value of $12.58.
Qtum Price Prediction 2028
Our Qtum forecast for 2028 suggests Qtum cryptocurrency is expected to trade in a steady uptrend and could trade at $21.83 as the highest price, with an average trading price of $19.33, and the minimum value it could reach is predicted to be $18.68.
Qtum Price Prediction 2029
The Qtum price prediction for 2029 points towards a maximum value of $32.79 and an average price of $28.36.The minimum price is expected to be around $27.59.
Qtum Price Prediction 2030
The Qtum price prediction for 2030 is that Qtum price reaches a maximum of $46.53 and an average price of $42.43.A minimum forecast price of $41.01 is expected by the end of 2030.
Qtum Price Prediction 2031
According to our Qtum price forecast for 2031, Qtum could potentially surge to new highs and attain a maximum price of $70.93, an average trading price of $59.89, and a minimum value of $58.19.
Qtum Price Predictions by Wallet Investor
Wallet Investor has given pessimistic QTUM forecasts.According to the site, it’s unlikely that QTUM will be a profitable long-term investment as they predict it will depreciate in value.
Their QTUM price prediction for 2023 suggests that by the end of the year, Qtum might reach a minimum price of $0.124, and by 2025, it could potentially fall to $0.00167.
The site has given a ten-year price forecast, and they believe that QTUM will not be worth anything by 2030 as the digital asset might fall to $0.0005 levels.
Qtum Price Predictions by Technewsleader
Technewsleader has a bullish outlook on Qtum’s future prices as the website suggests a maximum price of $3.39.The website also predicts that by 2027, Qtum might reach $10.91evels and can even surge to $66.68 in 2031.
Qtum Price Predictions by Digitalcoinprice
Digitalcoinprice has a bullish outlook on QTUM’s future prices as they predict a maximum price of $5.17 and an average price of $5.06 in 2023.The site suggests Qtum will gain in a steady uptrend and may reach $28.62 in 2030, with an average trading price of $38.39 in 2031.
Qtum Price Predictions by Market Experts
Qtum has exhibited great potential since its launch and is well-positioned for long-term success, according to market experts.Many analysts believe that Qtum stands apart from other cryptocurrencies due to its unique hybrid approach of combining elements from both Bitcoin and Ethereum technology.
According to a
Crypto Vault, a popular market analyst based on Youtube, Qtum has the potential to surge 1000X in the future.The analyst has given technical and fundamental reasons that support his view, such as Qtum’s strong development team, the ongoing network upgrades, and its potential use cases in a variety of industries.
Various market analysts are optimistic about the future of QTUM and have predicted a significant price increase in the next few years.
According to a
Youtuber who goes by the name Crypto Vault, QTUM has the potential to reach $50 by 2025.The popular https://youtu.be/Uomp-pEKBro said that QTUM could reach $100 in the next 5 years.He has based the predictions on the QTUM roadmap and the digital currency’s partnerships in the past few years.https://www.cryptopolitan.com/news/binance-bnb/ recently recognized the project’s potential and announced it would support (QTUM) Network Upgrade & Hard Fork.
This is a positive development for the digital currency as it might lead to more adoption and help QTUM attain new heights in the future.
Final words
Launched in 2017, QTUM is a decentralized platform that uses the Proof-of-Stake consensus mechanism.QTUM aims to bring the best of both worlds by combining the Ethereum Virtual Machine with Bitcoin’s stability.The QTUM digital currency has a strong development team and an active community which is one of the reasons for its success.QTUM has formed partnerships with some of the biggest companies in the world, including Baofeng and Amazon.
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.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.