Qtum Price Down 11.5% This Week (QTUM)

Qtum (QTUM) traded down 5.2% against the U.S. dollar during the 24 hour period ending at 17:00 PM Eastern on June 8th. Over the last week, Qtum has traded 11.5% lower against the U.S. dollar. Qtum has a market cap of $325.95 million and $38.72 million worth of Qtum was traded on exchanges in the last 24 hours. One Qtum coin can now be bought for approximately $3.10 or 0.00004469 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Ethereum (ETH) traded 0.5% lower against the dollar and now trades at $3,670.61 or 0.05294056 BTC.
• Cardano (ADA) traded 3.5% lower against the dollar and now trades at $0.43 or 0.00000627 BTC.
• Avalanche (AVAX) traded 4% lower against the dollar and now trades at $32.16 or 0.00046379 BTC.
• NEAR Protocol (NEAR) traded down 3.5% against the dollar and now trades at $6.55 or 0.00009442 BTC.
• Uniswap (UNI) traded up 1.3% against the dollar and now trades at $9.90 or 0.00014277 BTC.
• Internet Computer (ICP) traded 5.4% lower against the dollar and now trades at $10.88 or 0.00015697 BTC.
• Hedera (HBAR) traded down 4.8% against the dollar and now trades at $0.0895 or 0.00000129 BTC.
• Cosmos (ATOM) traded 3.8% lower against the dollar and now trades at $7.76 or 0.00011195 BTC.
• Cronos (CRO) traded 0.5% lower against the dollar and now trades at $0.11 or 0.00000161 BTC.
• Fetch.ai (FET) traded 6.3% lower against the dollar and now trades at $1.73 or 0.00002491 BTC.

Qtum Coin Profile

Qtum (QTUM) is a proof-of-stake (PoS) coin that uses the POS 3.0 hashing algorithm. It launched on December 19th, 2016. Qtum’s total supply is 107,822,406 coins and its circulating supply is 105,183,963 coins. Qtum’s official website is qtum.org. Qtum’s official Twitter account is @qtum and its Facebook page is accessible here. The Reddit community for Qtum is https://reddit.com/r/qtum and the currency’s Github account can be viewed here.

According to CryptoCompare, “QTUM is a blockchain platform that combines Bitcoin and Ethereum elements to provide a secure and decentralized environment for building and running smart contracts and dapps. Its hybrid consensus mechanism combines proof-of-work (PoW) and proof-of-stake (PoS) to achieve security and scalability. The platform uses familiar programming languages such as Solidity and C++ to make it easier for developers to build and deploy smart contracts and dapps. QTUM was created by a team led by Patrick Dai and is primarily used for building and running smart contracts and dapps, with the QTUM token used for payments, incentivizing network participants, and governance decisions.”

Buying and Selling Qtum

It is usually not presently possible to buy alternative cryptocurrencies such as Qtum directly using U.S. dollars. Investors seeking to trade Qtum should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Qtum using one of the aforementioned exchanges.

QTUM/USD price chart by TradingView