Qtum (QTUM) Trading 4.2% Lower This Week

Qtum (QTUM) traded down 3.4% against the U.S. dollar during the 24 hour period ending at 13:00 PM ET on October 22nd. Qtum has a market cap of $258.89 million and $25.95 million worth of Qtum was traded on exchanges in the last 24 hours. Over the last week, Qtum has traded 4.2% lower against the U.S. dollar. One Qtum coin can now be purchased for $2.46 or 0.00003669 BTC on cryptocurrency exchanges.

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

• Ethereum (ETH) traded down 2.2% against the dollar and now trades at $2,608.79 or 0.03896004 BTC.
• Cardano (ADA) traded 1.6% higher against the dollar and now trades at $0.36 or 0.00000539 BTC.
• Avalanche (AVAX) traded down 0.4% against the dollar and now trades at $27.50 or 0.00041062 BTC.
• NEAR Protocol (NEAR) traded 3.1% lower against the dollar and now trades at $4.64 or 0.00006923 BTC.
• Uniswap (UNI) traded up 5.8% against the dollar and now trades at $7.93 or 0.00011850 BTC.
• Internet Computer (ICP) traded 1.3% lower against the dollar and now trades at $7.84 or 0.00011714 BTC.
• Cronos (CRO) traded 0.6% lower against the dollar and now trades at $0.0770 or 0.00000115 BTC.
• Hedera (HBAR) traded 4.1% lower against the dollar and now trades at $0.0515 or 0.00000077 BTC.
• Cosmos (ATOM) traded down 2.5% against the dollar and now trades at $4.71 or 0.00007039 BTC.
• Fetch.ai (FET) traded down 2.8% against the dollar and now trades at $1.34 or 0.00001998 BTC.

Qtum Profile

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 105,367,407 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 possible to purchase alternative cryptocurrencies such as Qtum directly using U.S. dollars. Investors seeking to trade Qtum should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Qtum using one of the exchanges listed above.

QTUM/USD price chart by TradingView