Qtum (QTUM) Price Down 30% Over Last Week

Qtum (QTUM) traded 12.5% lower against the U.S. dollar during the one day period ending at 9:00 AM E.T. on December 20th. One Qtum coin can currently be bought for about $2.90 or 0.00003048 BTC on cryptocurrency exchanges. In the last seven days, Qtum has traded down 30% against the U.S. dollar. Qtum has a total market cap of $305.36 million and approximately $77.88 million worth of Qtum was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded down 11% against the dollar and now trades at $3,288.85 or 0.03461462 BTC.
• Cardano (ADA) traded 11.3% lower against the dollar and now trades at $0.86 or 0.00000903 BTC.
• Avalanche (AVAX) traded 14.4% lower against the dollar and now trades at $36.65 or 0.00038569 BTC.
• Hedera (HBAR) traded 14.1% lower against the dollar and now trades at $0.25 or 0.00000267 BTC.
• Uniswap (UNI) traded 20.1% lower against the dollar and now trades at $11.99 or 0.00012619 BTC.
• NEAR Protocol (NEAR) traded 13.6% lower against the dollar and now trades at $4.97 or 0.00005234 BTC.
• Internet Computer (ICP) traded down 12.8% against the dollar and now trades at $9.67 or 0.00010175 BTC.
• Cronos (CRO) traded down 12.9% against the dollar and now trades at $0.16 or 0.00000164 BTC.
• Fetch.ai (FET) traded 12.3% lower against the dollar and now trades at $1.25 or 0.00001312 BTC.
• Algorand (ALGO) traded down 15.6% against the dollar and now trades at $0.31 or 0.00000331 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 105,446,889 coins. 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. Qtum’s official website is qtum.org.

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 buy alternative cryptocurrencies such as Qtum directly using U.S. dollars. Investors seeking to trade Qtum should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Qtum using one of the exchanges listed above.

QTUM/USD price chart by TradingView