Bitcoin and Ethereum have been dominating the crypto market for years, and for a reason. Yet, they both have their downsides. So, one can understand the interest in the Qtum (pronounced “Quantum”) blockchain platform. It tries to combine the best of Bitcoin and Ethereum in a single blockchain. The Qtum platform offers the benefits of DeFi applications and UTXO transactions combined with smart contracts for execution.
The Qtum blockchain’s native token, QTUM, has also attracted the attention of traders and investors. How has QTUM performed during the years since its creation? Is it a promising investment? Will its value grow in the coming years? You’ll find the answers in our current Qtum price prediction.
What Is Qtum (QTUM)?
QTUM is the native utility token of the Qtum blockchain platform. Users can access services with this token. They can also make services available to businesses on the Qtum blockchain, for which they can QTUM. The total supply of this digital asset is 107,822,406 Qtum tokens.
The white paper that describes the Qtum blockchain outlines the plan to distribute Qtum tokens. Eighty percent will be distributed among the Qtum community, whereas twenty percent will be allocated to the founder, developers, and early supporters of the Qtum project.
The initial coin offering (ICO) for QTUM took place on March 12-17, 2017. The ICO was quite successful since it raised $15 million. The price of each Qtum coin was $0.30 at that time. How has the price evolved since then?
QTUM Price History
Right after the ICO, the Qtum token hit a price of over $5. This initial upward trend continued for the rest of 2017. It fluctuated between $5 and $20. The QTUM price reached its all-time high on January 7, 2018, trading at $106.88. However, a few days later, it dropped to half the all-time high value. This downward trend continued throughout 2018 and the token bottomed at $1.69 on December 10, 2018.
The Qtum price bounced back in 2019, surpassing the $5 mark briefly in July of that year. But by September, the price had dropped to slightly above $1.5. During the rest of 2019, the price of this coin fluctuated around that value. The year 2020 wasn’t any better for QTUM. The price of this token hit its all-time low on March 13, 2020, when it was traded at $0.77. The Qtum price experienced several ups and downs for the rest of 2020. On August 23, 2020, the price briefly climbed to $3.8252. After the price fell again, it did not cross the $3 mark during the remainder of 2020.
The Qtum price began to recover in February 2021. In part, this token gained value from the interest in altcoins driven by the emergence of decentralized applications (DApps) and non-fungible tokens (NFTs). The Qtum price reached $35.38 on May 7, 2021, the highest value in 2021 so far. The price dropped again the next two months, reaching $4.46 on June 27, 2021. In August, the price of this cryptocurrency began an upward trend, reaching $14.12 on August 13 and $16.12 on September 4, 2021. During October 2021, the price has been fluctuating around the $13 mark.
What Is the Current Price of Qtum (QTUM)?
QTUM is closing the month of October 2021 with a price slightly above $13.
What Crypto Exchanges Support Qtum?
Most major custodial exchanges like Binance and Coinbase list this token. Therefore, you can buy it using fiat money on those platforms. But if you already hold some cryptocurrencies, you can swap them for Qtum to diversify your portfolio. LetsExchange.io allows you to swap more than 4,000 cryptocurrencies and digital tokens at the best exchange rates. It is easy and fast.
Qtum (QTUM) Price Prediction 2024
The Qtum prediction for the next couple of years is optimistic. Most experts believe that the crypto market won’t experience massive volatility during 2024. As a result, the Qtum price could be above $28 by the end of 2024. This upward trend will continue through 2024. By the end of 2024, each Qtum token will likely cost no less than $35.
Qtum (QTUM) Price Prediction 2025
Producing an accurate long-term Qtum coin prediction is challenging. Based on a technical analysis that considers future developments of the Qtum blockchain, one can expect a Qtum price of around $42 by the end of 2024. Assuming mass adoption of the services offered by the Qtum blockchain, then we may see a Qtum price of $55 by the end of 2025.
FAQ
Is QTUM a Good Investment?
Based on the Qtum cryptocurrency predictions by multiple specialists, this token is a good long-term investment. However, as is the case with most cryptocurrencies, you should invest cautiously. Cryptocurrencies are volatile and price predictions could be proven wrong if unexpected events affect the value of these assets.
Why Is QTUM Price Rising?
The Qtum platform brings the best of Bitcoin and Ethereum in a single blockchain. As such, the mass adoption of its services may occur in the coming years. This optimist, among other factors, is driving the price rally. It could propel QTUM to higher prices when mass adoption begins.
What Does QTUM Token Do?
It is used as a means of exchanging value on the Qtum blockchain. It can be used, among other things, to access services on the blockchain.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
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