Qtum Price Prediction 2022-2031: Will QTUM break its ATH Soon?
Since the inception of blockchain technology some years ago, several projects have leveraged the technology to build thriving ecosystems. These projects span finance, healthcare, etc. Bitcoin and Ethereum are two of the most popular projects on the blockchain, and with advancements in the cryptocurrency space, several projects have spun off these two, with most riding on fixing their flaws.
Qtum is another project that switches the gear a bit higher by creating a bridge between the positives of the Bitcoin and Ethereum networks. It intends to leverage the stability of the Ethereum chain and its dApp environment while also solving its throughput and scalability concerns by combining the Bitcoin chain.
Today’s live Qtum price is $3.10, with a 24-hour trading volume of $38,401,213.Qtum is up 3.49% in the last 24 hours. The current CoinMarketCap ranking is #102, with a live market cap of $323,447,823. It has a circulating supply of 104,320,023 QTUM coins and a max. supply of 107,822,406 QTUM coins.
This piece provides detailed information about Qtum, its features, historical price movements, Qtum price forecast, and technical analysis.
QTUM Price Predictions
Qtum, often pronounced “Quantum,” is an open-source blockchain platform developed by Patrick Dai, CEO of Qtum Foundation. It first surfaced in 2016 as a Bitcoin core fork combined with Ethereum’s VM. This combination birthed a hybrid blockchain that incorporates the best Ethereum and Bitcoin technology features via a third bridging layer known as “Abstract Account Layer (AAL).” Simply put, Qtum is built on three layers, and it leverages the dApp capabilities of the ETH blockchain and the secure UTXO model of BTC to serve businesses better.
Utilizing Ethereum’s Virtual Machines grants Qtum a stable environment for developing decentralized applications. However, Qtum’s development team is aware of the security and throughput issues limiting Ethereum, and they resolved these concerns by combining the network with the Bitcoin blockchain via the AAL. Also, using the EVM ensures that Qtum leverages smart or self-executing contracts and runs on a Proof-of-Stake (PoS) algorithm, which avoids enormous energy and resource demands, unlike the Proof-of-Work model.
The native token of the Qtum network is QTUM, and it enables enterprise customers and developers to access services on the Qtum blockchain. QTUM gains value from its market demand and uses like most digital currencies.
Qtum Price Prediction Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
 Qtum
QTUM
|
QTUM | $ 3.11 | $ 324.93 M | 3.20% | 104.32 M | $ 26.47 M |
Features and Uses of Qtum blockchain technology
With its Bitcoin and Ethereum chain combination, Qtum offers critical features such as a decentralized governance protocol, ARM VM & Qtum Neutron, resources for decentralized apps, blockchain development, multi-platform QTUM wallets, and enterprise blockchain offerings.
- Decentralized Governance Protocol: Qtum’s DGP allows certain modifications to the blockchain using self-executing contracts.
- ARM VM & Qtum Neutron: Qtum’s ARM VM and Neutron middleware ensure the chain’s support for Rust programming and upgrades that facilitate the improvement and adoption of developments in smart contracts.
- QTUM Wallet: Qtum boasts a multi-wallet ecosystem that supports Linux, iOS, Windows, Android OS, Mac OS, hardware wallets, web wallets, etc.
- Enterprise Blockchain Offerings: The Qtum blockchain is also dubbed “the business-ready blockchain.” It provides a secure, stable, and standardized environment for coding and deploying business-friendly smart contracts. In addition, the Qtum network offers custom-made solutions to enterprise clients.
The primary use case of the QTUM token is to pay transaction fees for contracts executed on Qtum’s blockchain and operate and maintain the Qtum ecosystem. It can be held, spent, transferred, and staked.
How to buy Qtum
QTUM is a relatively popular digital currency and can be bought on most cryptocurrency exchanges. The available trading pairs include Bitcoin, several Altcoins, fiat currencies, and stablecoins. Some renowned exchanges that offer this token include Binance, HBTC, Huobi Global, Hydax Exchange, etc.
To buy QTUM, here are some steps to keep in mind;
- Choose an exchange that suits your needs, and set up an account.
- Understand the payment methods available on the platform.
- Ensure that you have a compatible and secure wallet to store your QTUM token.
- Purchase the desired volume of QTUM using any of the convenient trading pairs available on the exchange.
QTUM Price History
Following QTUM’s initial coin offering (ICO) in 2017, the token price began trading at just over $5, and it took an upward trend until it attained a year-high price of $65.01 in December 2017. The favorable price momentum of the crypto continued in 2018, as QTUM hit its all-time high of $106.88 by January 7. A few days after, a Qtum price drop occurred, and the value of the crypto was halved; it ended in January 2018 at $42.12. Between February and June 22, 2018, Qtum traded between $10 – $42.10, and by the start of June, it began trending downwards until it bottomed at $1.53 on December 8, 2018.
Between January to June 2019, QTUM experienced a slight price rebound and reached $5.91 on June 26. But in the second half of the year, the crypto lost its momentum again and ended the year at $1.61.
In March 2020, QTUM attained an all-time low of $0.77, and it gained momentum again until it reached $5.36 on August 21. Towards the end of 2020, QTUM’s market price traded within $2 – $4. At the start of 2021, QTUM kicked off with positive price dynamics, as it traded between $2.02 – and $4.16. It continued to trend upwards in the following months, as it hit $20.95 on April 19 and then $35.38 on May 7. The price surge followed the cryptocurrency market trend at the time, with BTC, ETH, BNB, and the likes experiencing similar upward trends.
At the start of June 2021, the price of QTUM had fallen to one-third of its value on May 7, and the coin again took to a downward trend. It recovered in August 2021, and its current market price is about $13.40. It has a circulating supply of 92%, i.e., 98,797,100.73 QTUM from a maximum supply of 107,822,406 QTUM.
QTUM Technical Analysis
Qtum price analysis indicates that the digital asset has been following a declining trendline since it attained a high of $4.33 on 14th August. The QTUM coin has been trading in a descending channel, making lower lows and lower highs. Earlier this week, the support at $3.0 was breached as the price plunged to $2.99. The digital asset is currently fluctuating between $2.70 and $3.0, but the momentum appears to be in favor of the bears, with the RSI indicator currently at 40 levels and heading southwards.
The digital asset has shed -28.19% in the last 30 days, while in the last 7 days, QTUM coin shed off -6.73%. The current support levels are at $2.70 and $2.60, while the resistance levels are at $3.0 and $3.20.
The technical indicators favor the bears as the moving average lines favor the bears, with the 100 EMA line trading below the 200 EMA line. The RSI indicator is currently at 40 levels and heading southwards, while the MACD indicator shows that the digital asset is in a bearish zone as the signal line is above the MACD histogram.
Other technical indicators are signaling a bearish trend for the digital asset, as the Ichimoku Cloud is bearish, while the Awesome Oscillator indicator is signaling a sell signal.
The digital asset looks poised for further downside as the technical indicators are in favor of the bears. The immediate support levels are at $2.70 and $2.60, while the resistance levels are at $3.0 and $3.20.
The market volatility is currently high, as indicated by the ATR indicator, which is currently at 0.0654. The Bollinger bands also favor the bears as the price is trading close to the lower band.
The digital asset looks poised for further downside in the near term as the technical indicators are in favor of the bears. The overall market sentiment is currently bearish and is expected to continue declining before it can find any meaningful support.
QTUM Price Predictions 2022 – 2031
DigitalCoinPrice
DigitalCoinPrice has given a bullish QTUM price prediction as the website expects QTUM to climb to a maximum price of $4.17. The site predicts that the bullish momentum will continue, and by 2023 QTUM is expected to reach a minimum value of $6.35. The digital currency could potentially attain an average price of $6.80; before the year, it might attain a maximum trading price of $7.20.
DigitalCoinPrice’s long-term predictions for QTUM foresee an average trading price of $14.66 and a maximum value of $15.34. The site expects QTUM to reach an average price of $41.65, a minimum of $41.11, and a maximum price of $42.36. Their predictions are based on the market trend, technical analysis, and their in-house algorithm.
Technewsleader
Technewsleader is another website that has given a bullish outlook on the QTUM future price. The site has given a price forecast of $7.65 by the end of 2022. They have predicted that Qtum will reach these levels by December as they expect the market conditions to be favorable for altcoins.
Technewsleader has also given a long-term price forecast, and they believe that QTUM could potentially reach $23.9 in the next five years. The website also believes by 2030, QTUM will be trading at $160.97, which is considered a significant price increase from the current Qtum price.
Wallet Investor
Wallet Investor has given bearish QTUM predictions, which starkly contrast to the other two websites we have mentioned. The site believes that QTUM will not be a good investment in the long term as they are expecting the digital asset to lose value.
Their QTUM price prediction for 2022 suggests that by the end of the year, Qtum might reach a minimum price of $0.555, and by 2025, it could potentially fall to $0.00167. The site has given a ten-year price forecast, and they believe that QTUM will not be worth anything by 2030 as the digital asset might fall to $0.0005 levels.
Cryptopolitan
QTUM Price Prediction 2022
According to our deep technical analysis and QTUM’s past performance, QTUM is projected to fall to a minimum trading price of $4.64 by the end of the year.QTUM price rise to a maximum of $5.07, and an average trading price of $4.81 is also possible before the end of 2022.
QTUM Price Prediction 2023
In the year 2023, QTUM is expected to pick on a bullish note and could potentially touch $8.12 as the highest price.QTUM might fall to a minimum of $6.98 during the year and is expected to have an average price of $5.24 in 2023.
QTUM Price Prediction 2024
By 2025, QTUM might rise to a high of $11.69 as the market conditions are expected to be favorable for altcoins. However, there is also a possibility that QTUM could fall to a low of $10.09 during the year. The average price forecast is around $10.35 by the end of 2024.
QTUM Price Prediction 2025
In 2025, QTUM might attain a maximum price value of $17.50 as the market is expected to continue being favorable for QTUM. The average forecast price for QTUM is $14.89, and the digital asset might potentially fall to a minimum value of $14.47 during the year.
QTUM Price Prediction 2026
The long-term price predictions for QTUM expect the digital currency to reach a maximum price of $25.86 by 2026. However, QTUM could also fall to an average price level of $22.93 and might potentially attain a minimum value of $22.19 during the year.
QTUM Price Prediction 2027
The future price predictions for QTUM show that the digital asset might potentially reach a maximum price of $39.53 by 2027. QTUM’s average price is expected to be around $33.64, while the minimum price forecast for the year is expected to be $32.73, according to our QTUM forecast.
QTUM Price Prediction 2028
2028 might be a bullish year for QTUM, and the digital asset is expected to reach a maximum value of $56.36. The average price prediction for QTUM in 2028 is around $47.95, and the digital currency might fall to a minimum value of $46.60 during the year.
QTUM Price Prediction 2029
By 2029, QTUM is expected to touch new highs and might potentially reach a maximum level of $ 80.98. The average price forecast for the year is around $71.73, and QTUM could fall to a minimum price value of $69.81 during this period.
QTUM Price Prediction 2030
The long-term price prediction for QTUM shows that the digital asset might potentially reach a maximum price level of $118.84 by 2030. However, QTUM could also fall to an average price of $ 101.22and might potentially attain a minimum value of $98.35 during the year.
QTUM Price Prediction 2031
By 2031, QTUM is expected to be among the top performers and might potentially reach a maximum value of $173.90. The average price prediction for QTUM is around $142.84, and the digital currency might fall to a minimum price level of $138.79 during this period.
QTUM cryptocurrency is expected to have a bullish run in the next few years as the market conditions are favorable for altcoins. However, investors should be cautious as the digital asset might also fall to a minimum value in the short term.
Price Prediction by Industry Influencers
Various market analysts are optimistic about the future of QTUM and have predicted a significant price increase in the next few years. According to a Youtuber who goes by the name Crypto Vault, QTUM has the potential to reach $50 by 2025. The popular Youtuber said that QTUM could reach $100 in the next 5 years. He has based the predictions on the QTUM roadmap and the digital currency’s partnerships in the past few years.
Binance recently recognized the project’s potential and announced it would support (QTUM) Network Upgrade & Hard Fork. This is a positive development for the digital currency as it might lead to more adoption and help QTUM attain new heights in the future.
Final words
Launched in 2017, QTUM is a decentralized platform that uses the Proof-of-Stake consensus mechanism. QTUM aims to bring the best of both worlds by combining the Ethereum Virtual Machine with Bitcoin’s stability. The digital currency has a strong development team and an active community which is one of the reasons for its success. QTUM has formed partnerships with some of the biggest companies in the world, including Baofeng and Amazon.
QTUM has a bright future ahead. With ongoing developments happening in the project’s ecosystem and the crypto market, we may see the price of the QTUM token reach higher price points. Ongoing development will further enhance its widespread adoption. Most of the price forecasts above agree on a bullish QTUM price in the long run, and if market sentiments continue to favor the crypto, it will break past its resistance levels and retrace its current all-time high soon.
Please keep in mind that each investment involves some risk. Simply invest in what you can do before drawing any judgments and conducting your own research
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