Qtum Trading Up 24.8% Over Last Week (QTUM)

Qtum (QTUM) traded up 6.6% against the U.S. dollar during the 24-hour period ending at 9:00 AM E.T. on February 6th. One Qtum coin can now be bought for about $3.55 or 0.00003596 BTC on major cryptocurrency exchanges. In the last week, Qtum has traded 24.8% higher against the U.S. dollar. Qtum has a total market capitalization of $374.36 million and approximately $224.18 million worth of Qtum was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded 1% lower against the dollar and now trades at $2,793.55 or 0.02831170 BTC.
• Cardano (ADA) traded 3% lower against the dollar and now trades at $0.75 or 0.00000759 BTC.
• Avalanche (AVAX) traded down 3% against the dollar and now trades at $26.27 or 0.00026622 BTC.
• Hedera (HBAR) traded 4.6% lower against the dollar and now trades at $0.24 or 0.00000248 BTC.
• Uniswap (UNI) traded 1% lower against the dollar and now trades at $9.29 or 0.00009420 BTC.
• NEAR Protocol (NEAR) traded down 2.9% against the dollar and now trades at $3.33 or 0.00003370 BTC.
• Internet Computer (ICP) traded 2.7% lower against the dollar and now trades at $7.01 or 0.00007102 BTC.
• Cronos (CRO) traded down 3.6% against the dollar and now trades at $0.10 or 0.00000103 BTC.
• Algorand (ALGO) traded down 3% against the dollar and now trades at $0.29 or 0.00000290 BTC.
• Fetch.ai (FET) traded down 5% against the dollar and now trades at $0.76 or 0.00000770 BTC.

About Qtum

Qtum (CRYPTO: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 105,511,686 coins. The official website for Qtum 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 purchase alternative cryptocurrencies such as Qtum directly using U.S. dollars. Investors seeking to acquire Qtum should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Qtum using one of the aforementioned exchanges.

QTUM/USD price chart by TradingView