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HomeNewsQTUM Price Prediction: What can Affect Price of Quantum Cryptocurrency

QTUM Price Prediction: What can Affect Price of Quantum Cryptocurrency

Quantum Offers Developer Rewards such as Halving Approaches

Founded in 2016, with the launch of cryptocurrency in 2017, Quantum is an enterprise-focused blockchain that runs smart contracts on multiple virtual machines. This hybrid blockchain, which combines Bitcoin and Ethereum, runs on a decentralized Proof of Stake (POS) consensus algorithm.

QUTM

Like many newer blockchains, Quantum of solace focuses on the development of Decentralized Finance (DeFl) applications. Its stated goal is to provide an “alternative EVM-compliant platform for developers who want to deploy their dApps without experiencing traffic jams and astronomical gas rates”- issues that have plagued the Ethereum blockchain.

History of Quantum

In August 2020, Quantum co-founder Patrick Dai announced $ 1 million in grants to encourage developers to build Defi apps on the blockchain. Quantum leap released QiSwap on November 1, which it described as ‘a the fully decentralized protocol that automatically provides liquidity to QTUM based on automated market-making algorithms (AMMs)”

In February. the Quantum numbers Project announced that it had worked with the Gate.io blockchain switch to block 3 million QTUM tokens, valued at $ 20 million. The tokens have been bundled together to offer rewards to developers looking for Defi opportunities in decentralized Ethereum exchanges and protocols.

Quantum is offering $ 10,000 in rewards to the Wanxiang Blockchain Hackathon, which will open Shanghai International Blockchain Week (September 15-10). As a co-sponsor of the event, Quantum meruit invites developers to build non-fungible token (NFT) applications ‘on the Qtum blockchain to enable the construction of smart cities.

And on August 7, Dai said there was $ 5 million in cash available to ‘reward NFT/GameFi/ Metaverse projects in Qtum. In the latest QTUM news, Dai also said that Quantum efficiency will undergo changes in the coming months as “we plan to rename the Qtum brand and rebuild technology and global consensus. Qtum has unique technologies and has brought great innovations to the Bitcoin ecosystem.

A hard fork, or split, on the Quantum blockchain in April 2021 reduced the inflation rate of the QTUM token from 4% to 1%. Like Bitcoin. the blockchain is designed to reduce the gain for miners over time in a process known as ‘shutdown. The first Quantum halving is scheduled for December 2021, every four years. The Quantum financial system blockchain is faster than Bitcoin, with blocks processed every 32 seconds, so the timing differs from the Bitcoin halves.

QTUMs maximum supply is capped at 107.8 million coins, which will be reached by December 2045. There are currently 98.6 million coins in circulation, out of a total of 103.6 million in inventory, according to CoinMarketCap. This gave QTUMa a market cap of $ 1.4 million at the time of writing (August 16), ranking it as the 76th largest cryptocurrency By reducing rewards for miners and putting a strict limít on the supply of parts, the halving process has a deflationary effect and promotes a long-term increase in the price of the part.

QUTM1

The QTUM/ USD chart shows that the price hit an intraday high of $ 106.88 on January 7, 2018, during the cryptocurrency’s previous high. The price fell to $1.50 at the end of the year, below its introductory price of around $ 4, and remained below $ 4- except for a brief increase in June 2019 – until February 2021, when the larger cryptocurrency markets rebounded again.

QUTM2

The emergence of decentralized applications and non-fungible tokens (NFIS) has sparked interest in altcoins like QTUM. The price rose to $ 35.38, the highest in three years, on May 7. It fell to a low of $ 4.46 on June 27, not trading above $ 8, until the market hit a low in late July. QTUM was trading at $ 14 at the time of this writing (July 6).

QTUM Price Prediction: Can the Currency Recover

It’s Al-Time High? CoinCodex’s short-term technical analysis on QTUM indicates sentiment is positive, with 28 indicators giving bullish signals, versus three bearish signals. At around $ 14 at the time of this writing, QTUM was trading above 3-day exponential simple moving averages for 200 days. The Moving Average Convergence Divergence (MACD) and the Stochastic Relative Strength Index (RSI) were neutral, while the RSI gave a sell signal at 72.27 because a number above 70 indicates that an asset is overbought.

QTUM broke short-term resistance at $ 11.17 and $ 12.03 with the next level at $ 12.62. There is downside support from $ 9.72 to $ 8.27, according to the data.

QUTM3

Trading at S 14, QTUM has support levels of $ 13.14, $ 12.47, and the strongest at $ 11.97, with resistance levels at $ 14.31, $ 14.81, and 15, $ 48.

Running on a blockchain that appears to provide an alternative to Ethereum, the price of QTUM is positively correlated with the price of ether (ETH), according to data from CoinCodex.

Wallet Investors QTUM price forecast forecasts the currency to remain volatile, trading to the $ 14 level in August, before falling back to the S 6.97 to $ 9.49 range in September. She expects QTUM to trade between $ 8 and $ 10 through December when it could rise to end the year at $ 23.41. Longer-term, he predicts the price will reach $ 11.72 in September 2022 and rebound to $ 28.24 in December, trading at $ 42.37 in December 2025.

DigitalCoin predicts that QTUM will average $ 21.37 in 2021, rising to $ 24.58 in 2022 and $ 40.47 in 2025, with the average price reaching S 64.45 in 2028. 71.08.

QUTM4

 QTUM/USD forecast for Trading Beasts is less bullish, forecasting an average price of $ 10.55 for September, rising to $ 10.80 in December, $ 11.60 in December 2022, $ 11.96 in December 2023, and 11, s70 in December 2024

See Also >>>>> FEG Coin

it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict the price of a currency in a matter of hours, and even more difficult to provide long-term estimates. As a result, analysts and online forecasting sites can make false predictions. We recommend that you always do your own research and take into account the latest market trends, news, technical and fundamental analysis, and expert opinions before making any investment decisions. And never invest more than you can lose.

FAQ

Does QTUM encryption have a future?

Cryptocurrencies are high-risk investments, especially smaller altcoins like QTUM. Its future will depend on the adoption of Quantum theory blockchain and cryptocurrency in applications, in a range of other blockchains under development. The future of cryptocurrencies as an asset class remains uncertain and investors may turn to alternative assets, thus removing liquidity.

Is QTUM a good investment?

Cryptocurrencies are very volatile assets, which makes them riskier than other forms of investment Whether QTUM is a good investment for you depends on your personal situation. You should assess the level of risk you are willing to accept before investing, and never invest money that you cannot afford to lose.

QTUM can reach $ 100?

Online forecasting services do not expect QTUM to return to the $ 100 level in the next few years. According to his predictions, it could take until the end of the decade to reach the previous record

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