Qtum (QTUM) Reaches Market Cap of $261.15 Million

Qtum (QTUM) traded 1.9% lower against the US dollar during the one day period ending at 13:00 PM Eastern on July 3rd. One Qtum coin can now be purchased for about $2.48 or 0.00004110 BTC on exchanges. Qtum has a total market capitalization of $261.15 million and approximately $29.58 million worth of Qtum was traded on exchanges in the last day. In the last week, Qtum has traded down 1.4% against the US dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded 3% lower against the dollar and now trades at $3,309.35 or 0.05480583 BTC.
• Cardano (ADA) traded down 1% against the dollar and now trades at $0.41 or 0.00000675 BTC.
• Avalanche (AVAX) traded 4.8% lower against the dollar and now trades at $26.86 or 0.00044477 BTC.
• NEAR Protocol (NEAR) traded down 5.5% against the dollar and now trades at $5.14 or 0.00008512 BTC.
• Uniswap (UNI) traded down 2% against the dollar and now trades at $8.66 or 0.00014349 BTC.
• Internet Computer (ICP) traded 3.6% lower against the dollar and now trades at $7.58 or 0.00012549 BTC.
• Hedera (HBAR) traded 5.4% lower against the dollar and now trades at $0.0730 or 0.00000121 BTC.
• Cosmos (ATOM) traded down 6.5% against the dollar and now trades at $6.42 or 0.00010626 BTC.
• Cronos (CRO) traded up 0.2% against the dollar and now trades at $0.0901 or 0.00000149 BTC.
• Fetch.ai (FET) traded 6.9% lower against the dollar and now trades at $1.24 or 0.00002048 BTC.

Qtum Profile

Qtum is a proof-of-stake (PoS) coin that uses the POS 3.0 hashing algorithm. Its launch date was December 19th, 2016. Qtum’s total supply is 107,822,406 coins and its circulating supply is 105,217,590 coins. The Reddit community for Qtum is https://reddit.com/r/qtum and the currency’s Github account can be viewed here. The official website for Qtum is qtum.org. Qtum’s official Twitter account is @qtum and its Facebook page is accessible 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 currently possible to purchase alternative cryptocurrencies such as Qtum directly using US dollars. Investors seeking to trade Qtum should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Qtum using one of the exchanges listed above.

QTUM/USD price chart by TradingView