Qtum (QTUM) Price Hits $1.99 on Major Exchanges

Qtum (QTUM) traded down 6.7% against the dollar during the 24 hour period ending at 20:00 PM E.T. on August 5th. One Qtum coin can now be purchased for approximately $1.99 or 0.00003693 BTC on popular cryptocurrency exchanges. Qtum has a market cap of $209.87 million and approximately $53.62 million worth of Qtum was traded on exchanges in the last 24 hours. In the last seven days, Qtum has traded down 27.3% against the dollar.

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

• Ethereum (ETH) traded down 10% against the dollar and now trades at $2,417.27 or 0.04477143 BTC.
• Cardano (ADA) traded down 8.9% against the dollar and now trades at $0.31 or 0.00000580 BTC.
• Avalanche (AVAX) traded 7.9% lower against the dollar and now trades at $19.55 or 0.00036208 BTC.
• NEAR Protocol (NEAR) traded 14.6% lower against the dollar and now trades at $3.53 or 0.00006534 BTC.
• Internet Computer (ICP) traded down 3.4% against the dollar and now trades at $7.07 or 0.00013101 BTC.
• Uniswap (UNI) traded down 12.6% against the dollar and now trades at $5.37 or 0.00009948 BTC.
• Cronos (CRO) traded 3.3% lower against the dollar and now trades at $0.0753 or 0.00000139 BTC.
• Hedera (HBAR) traded down 5.4% against the dollar and now trades at $0.0522 or 0.00000097 BTC.
• Cosmos (ATOM) traded 7.7% lower against the dollar and now trades at $4.65 or 0.00008617 BTC.
• Algorand (ALGO) traded 3.8% lower against the dollar and now trades at $0.11 or 0.00000204 BTC.

About Qtum

Qtum (CRYPTO:QTUM) is a proof-of-stake (PoS) coin that uses the POS 3.0 hashing algorithm. It was first traded on December 19th, 2016. Qtum’s total supply is 107,822,406 coins and its circulating supply is 105,262,500 coins. Qtum’s official website 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 buy alternative cryptocurrencies such as Qtum directly using U.S. dollars. Investors seeking to acquire Qtum should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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