Qtum (QTUM) A Platform With High Potential In The Crypto Market! - Kakiforex.com - Financial Market Media No. 1 in the World Qtum (QTUM) A Platform With High Potential In The Crypto Market! Qtum (QTUM) A Platform With High Potential In The Crypto Market!

June 21, 2021

Qtum (QTUM) A Platform With High Potential In The Crypto Market!

 Qtum is an open source blockchain platform based on proof-of-stake (PoS) and value transfer protocols. It aims to unite the strengths of Bitcoin and Ethereum in one chain.


Qtum is built on Bitcoin’s UTXO (Unspent Transaction Output) transaction model, with the added functionality of smart contracts, DApps and the DeFI app launched in 2017 by Patrick Dai.


Interestingly, Qtum introduced an array service designed to bridge the distance that still exists between blockchain and the business world. This includes tools as well as ways to simplify the workflow of smart contract business development, as well as smart contract testing and validation.


Observed on the QTUM/USDT chart, the QTUM price movement has exhibited a jump of over 1,500% starting from the January market opening until May 7, 2021 with the all -time high (ATH) level priced at $ 35.70.


However, after recording the ATH level, the price of QTUM plunged more than 70% to record a decline to the support level around $ 7.0 in line with the fall of Bitcoin (BTC).



Starting the June market, the QTUM price movement saw a weak price movement after testing the SBR (support become resistance) zone around $ 12, it failed to continue rising until it made a decline at the support level around $ 7.0.


If the price movement manages to return to the uptrend, the SBR (support become resistance) level around the $ 12 price will be the main focus to be tested first before making a higher rise.


If the price movement is still supported by the bearish trend, the price movement is expected to continue to decline until testing the lowest level ever recorded before.


At the time of writing, QTUM/USDT is trading at $ 7.0 down over 6% in 24 hours. The coin is currently ranked 88th on the crypto chart.