Find out more about Qtum and QTUM coins and our QTUM price prediction.
Bitcoin and Ethereum have been dominant the crypto market for many years. Both have their flaws. The Qtum (pronounced “Quantum”) platform for blockchain technology is a clear example of this. It attempts to combine the best aspects of Ethereum and Bitcoin in one blockchain. Qtum offers DeFi applications, UTXO transactions and smart contracts for execution.
Investors and traders have also been attracted to Qtum’s native token QTUM. What has QTUM done in the years since its creation and what are its prospects for the future? Is it a good investment? Is it likely to grow in value over the next few years? Our current Qtum price prediction will provide the answers.
What is Qtum (QTUM), and what does it mean?
QTUM is the native utility token of Qtum’s blockchain platform. This token allows users to access services. Businesses can also access services on the Qtum Blockchain. They can QTUM for these services. This digital asset has a total supply of 107,822,406 Qtum coins.
The whitepaper that describes Qtum’s blockchain outlines how Qtum tokens will be distributed. The Qtum community will receive eighty percent, while the developers and founders of Qtum will get twenty percent.
QTUM’s initial coin offering (ICO), took place March 12-17 2017. The ICO raised $15 million and was a huge success. At that time, each Qtum coin cost $0.30. How has the price changed over time?
Historical Price History for QTUM
The Qtum token reached a high of $5 right after the ICO. The initial upward trend continued throughout 2017. It fluctuated between $5 to $20. QTUM reached its all time high of $106.88 on January 7, 2018. It fell to half its previous high value just a few days later. The token dropped to $1.69 on December 10, 2018, continuing the downward trend throughout 2018.
In 2019, the Qtum price rebounded, surpassing $5 briefly in July. The price dropped to just above $1.5 by September. The price of this coin fluctuated around $1.5. QTUM didn’t fare much better in 2020. On March 13, 2020, the price of this token reached its lowest point at $0.77. Qtum’s price went through several changes throughout 2020. The price briefly rose to $3.8252 on August 23, 2020. It did not surpass the $3 mark in 2020 after the price dropped again.
Qtum’s price started to recover in February 2021. This token’s value was partly due to the rise in interest in altcoins, such as decentralized apps (DApps), and non-fungible tokens(NFTs). Qtum’s price hit $35.38 on May 7, 2021. This was the highest Qtum value ever recorded in 2021. The price fell again over the next two months, dropping to $4.46 on June 27, 20,21. The price of this cryptocurrency started to rise in August. It reached $14.12 on August 13, and $16.12 September 4, 2021. The price fluctuated around $13 in October 2021.
What is the current price of Qtum (QTUM),?
QTUM will close the October 2021 month with a slightly higher price of $13.
What Crypto Exchanges Support Qtum
This token is listed on most major custodial exchanges, such as Coinbase and Binance. You can purchase it with fiat money through these platforms. You can also swap your existing cryptocurrencies for Qtum, if you have them. It’s simple and quick.
Qtum (QTUM) Price Prediction 2021
Qtum’s current price is $13, considering that its price was $2 at the start of the year. Analysts predict that this upward trend will continue into 2021. Experts agree that Qtum will surpass $20 by 2021, although it is hard to predict the exact price.
Qtum (QTUM) Price Prediction 2023
Qtum’s prediction for the next few years is positive. Experts believe that there won’t be any volatility in the crypto market during 2022. Qtum could reach $28 by 2022. This upward trend will continue into 2023. Each Qtum token will cost $35 by 2023.
Qtum (QTUM) Price Prediction 2025
It is difficult to predict the long-term Qtum coin price accurately. A technical analysis that takes into account future developments of Qtum’s blockchain shows that a Qtum coin price of $42 can be expected by 2024. If the Qtum blockchain is widely adopted, we could see a Qtum cost of $55 by 2025.
Is QTUM a good investment?
This token can be a long-term investment based on multiple experts’ predictions about Qtum cryptocurrency. As with all cryptocurrencies, it is important to invest prudently. Unexpected events could cause cryptocurrencies to lose value, making price predictions difficult.
Why is QTUM’s price on the rise?
Qtum brings together the best of Ethereum and Bitcoin in one blockchain. It is possible that the mass adoption of its services will occur over the next few years. This, along with other factors, is what is driving the price rise. This could drive QTUM’s prices higher when mass adoption starts.
What does the QTUM Token do?
It can be used to exchange value on the Qtum Blockchain. It can also be used to access services on blockchain.
Keep in mind that this information is solely based on our observations. It is only intended for informational purposes. This information does not constitute financial advice or a forecast. You are investing at your own risk in cryptocurrency because it is volatile.