Qtum Trading 12.6% Lower This Week (QTUM)

Qtum (QTUM) traded down 1.8% against the U.S. dollar during the 24-hour period ending at 9:00 AM Eastern on January 25th. Qtum has a total market cap of $308.88 million and $41.20 million worth of Qtum was traded on exchanges in the last day. One Qtum coin can currently be bought for approximately $2.93 or 0.00002796 BTC on cryptocurrency exchanges. During the last week, Qtum has traded 12.6% lower against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded 2.8% lower against the dollar and now trades at $3,305.25 or 0.03156690 BTC.
• Cardano (ADA) traded 2% lower against the dollar and now trades at $0.98 or 0.00000936 BTC.
• Avalanche (AVAX) traded 2.1% lower against the dollar and now trades at $35.49 or 0.00033899 BTC.
• Hedera (HBAR) traded down 5% against the dollar and now trades at $0.33 or 0.00000315 BTC.
• Uniswap (UNI) traded down 6.3% against the dollar and now trades at $12.21 or 0.00011663 BTC.
• NEAR Protocol (NEAR) traded 3.1% lower against the dollar and now trades at $4.93 or 0.00004708 BTC.
• Internet Computer (ICP) traded 2.4% lower against the dollar and now trades at $9.07 or 0.00008665 BTC.
• Cronos (CRO) traded 2.3% lower against the dollar and now trades at $0.14 or 0.00000132 BTC.
• Algorand (ALGO) traded down 5.4% against the dollar and now trades at $0.40 or 0.00000380 BTC.
• Fetch.ai (FET) traded down 3.8% against the dollar and now trades at $1.21 or 0.00001151 BTC.

Qtum Profile

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 105,495,488 coins. Qtum’s official Twitter account is @qtum and its Facebook page is accessible here. The official website for Qtum is qtum.org. 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 currently possible to purchase alternative cryptocurrencies such as Qtum directly using U.S. dollars. Investors seeking to trade Qtum should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Qtum using one of the exchanges listed above.

QTUM/USD price chart by TradingView