Qtum (QTUM) Reaches Market Cap of $289.00 Million

Qtum (QTUM) traded up 1.8% against the US dollar during the 1 day period ending at 20:00 PM Eastern on July 29th. During the last week, Qtum has traded up 2.6% against the US dollar. One Qtum coin can now be bought for about $2.75 or 0.00004116 BTC on popular exchanges. Qtum has a total market cap of $289.00 million and $37.80 million worth of Qtum was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Ethereum (ETH) traded 1.3% higher against the dollar and now trades at $3,312.87 or 0.04966357 BTC.
• Cardano (ADA) traded 0.9% lower against the dollar and now trades at $0.40 or 0.00000605 BTC.
• Avalanche (AVAX) traded 1.3% lower against the dollar and now trades at $27.01 or 0.00040485 BTC.
• NEAR Protocol (NEAR) traded down 3% against the dollar and now trades at $5.27 or 0.00007906 BTC.
• Uniswap (UNI) traded up 1.9% against the dollar and now trades at $7.67 or 0.00011506 BTC.
• Internet Computer (ICP) traded down 4.4% against the dollar and now trades at $8.93 or 0.00013382 BTC.
• Hedera (HBAR) traded down 0.7% against the dollar and now trades at $0.0671 or 0.00000101 BTC.
• Cronos (CRO) traded down 0.4% against the dollar and now trades at $0.0899 or 0.00000135 BTC.
• Cosmos (ATOM) traded 1.9% lower against the dollar and now trades at $6.11 or 0.00009153 BTC.
• Fetch.ai (FET) traded 2.6% lower against the dollar and now trades at $1.21 or 0.00001818 BTC.

Qtum Coin 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 105,253,082 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. The official website for Qtum 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 Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Qtum using one of the aforementioned exchanges.

QTUM/USD price chart by TradingView