Qtum Price Prediction 2023-2032
- Qtum Price Prediction 2023- up to $4.52
- Qtum Price Prediction 2026- up to $13.09
- Qtum Price Prediction 2029- up to $42.16
- Qtum Price Prediction 2032- up to $70.93
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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.
How much is QTUM worth?
The live Qtum price today is $3.14 with a 24-hour trading volume of $68,389,075. Qtum is down 2.17% in the last 24 hours. The current CoinMarketCap ranking is #107, with a live market cap of $328,297,032. It has a circulating supply of 104,584,954 QTUM coins and a max. supply of 107,822,406 QTUM coins.
This guide 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 | $ 3.15 | $ 330.30 M | 1.87% | 104.58 M | $ 36.52 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 reveals the altcoin has been trading in a downward trajectory, falling to as low as $2.92.Qtum is down 17.41% in the last 24 hours. Qtum price trend shows a cup and handle pattern that signals the potential for an uptrend in the near future.
The 4-hour chart shows that the price is currently trading above the 50 MA line and below the 200 EMA line, indicating a bearish trend for Qtum. The price is also below the 61.8% Fibonacci retracement level, suggesting that it could continue to trend downward in the near future.
Qtum is trading at around $3.00, with bears increasing the pressure on the price.
The Relative Strength Index (RSI) suggests that the overall sentiment towards Qtum is currently bearish, with a reading of 28. This indicates that Qtum may be oversold in the near future, offering potential buying opportunities.
The Moving Average Convergence Divergence (MACD) indicates that the MACD line is below the signal line, which indicates a bearish trend for Qtum. The histogram also shows decreasing momentum in its downward trajectory, suggesting that it could continue to trend downwards in the near future.
Further technical indicators point to a continued bearish sentiment for Qtum, with the Ichimoku Cloud suggesting that the price may remain below the conversion line and baseline in the near future. The Chaikin Money Flow indicator is also below the zero line, indicating the money is flowing out of the market and has a bearish trend for Qtum.
Overall, the technical analysis suggests that Qtum could remain on a downward trajectory in the near future. However, given the cup and handle pattern on the daily chart, there may be potential buying opportunities in the future.
Qtum Price Predictions by Cryptopolitan
Qtum Price Prediction 2023
Our Qtum price prediction for 2023 suggests Qtum will pick up momentum and potentially attain a maximum value of $4.52.An average forecast price of $3.84 and a minimum of $3.70 is expected by the end of 2023.
Qtum Price Prediction 2024
Our Qtum price forecast for 2024 is a maximum price of $6.42 and an average trading price of 5.27. Qtum is expected to trade at $5.11 as the lowest price.
Qtum Price Prediction 2025
Our Qtum price forecast for 2025 is an average trading price of $7.96 with a maximum value of $9.10 and a minimum price of $7.69.
Qtum Price Prediction 2026
According to our Qtum price forecast for 2026, Qtum will continue on a bullish trend with the potential to hit a maximum price of $ 13.09 and an average trading price of $11.34. The minimum value is forecasted to be $11.02 by the end of 2026.
Qtum Price Prediction 2027
According to our Qtum forecast for 2027, the Qtum price rise is anticipated and is expected to reach a maximum of $19.98, with an average trading price of $17.13 and a minimum value of $16.68.
Qtum Price Prediction 2028
Our Qtum forecast for 2028 suggests Qtum cryptocurrency is expected to trade in a steady uptrend and could trade at $28.57 as the highest price, with an average trading price of $25.14, and the minimum value it could reach is predicted to be $24.28.
Qtum Price Prediction 2029
The Qtum price prediction for 2029 points towards a maximum value of $42.16 and an average price of $37.24.The minimum price is expected to be around $36.23.
Qtum Price Prediction 2030
The Qtum price prediction for 2030 is that Qtum price reaches a maximum of $62.27 and an average price of $53.06.A minimum forecast price of $51.57 is expected by the end of 2030.
Qtum Price Prediction 2031
According to our Qtum price forecast for 2031, Qtum could potentially surge to new highs and attain a maximum price of 87.76, an average trading price of $75.62, and a minimum value of $72.97.
Qtum Price Prediction 2032
Qtum price prediction for 2032 suggests the price of Qtum could reach a minimum level of $108.25 in 2032. The Qtum price can reach a maximum level of $124.07 with an average price of $112.03 throughout 2032.
Qtum Price Prediction by Coincodex
Coincodex has analyzed popular technical indicators, including Moving Averages and Fibonacci retracements, to produce a Qtum Price Prediction for April 2023 and beyond. According to Coincodex’s current Qtum price prediction, the value of Qtum is predicted to drop by -6.17% and reach $2.97 by March 27, 2023. The current sentiment, based on popular technical indicators, is bearish while the Fear & Greed Index is showing 62 (Greed).
According to the CoinCodex’s long-term Qtum predictions, QTUM price prediction for the year 2026 is $ 98.73 if it follows Facebook’s growth. In case Qtum would follow Internet growth the prediction for 2026 would be $ 11.33.
Qtum Price Prediction by DigitalCoinPrice
DigitalCoinPrice has a short-term prediction of $7.95, and a long-term prediction of $16.28 for Qtum. According to their analysis, the price of Qtum will reach its highest point this year in April 2023 at around $9.13. Moreover, they expect that by 2023 the value of Qtum will increase up to $19.30 which is almost three times higher than the current value of $6.59.
DigitalCoiPrice is bullish on Qtum price in 2026 whereby they have a minimum price of $11.70 an average price forecast of $13.24 and a maximum price of $13.94.The website suggests Qtum will continue on a bullish note and reach its highest price of $59.25 in the year 2032.
Qtum Price Prediction by Wallet Investor
Wallet Investor is bearish on the price of Qtum, predicting that its value will drop significantly over the next 5 years. The site states that in 1 year, the coin could be trading at $2.739, representing a -92.182% decrease from its current value of 0.218. Over the next five years, Wallet Investor expects Qtum’s price to decline further, with a projected value of $0.000944 by 2025. They believe that Qtum is unlikely to gain any major traction in the industry, and this could lead to its gradual devaluation over time.
Qtum Price Prediction by Market Experts
Qtum stands proudly with a powerful set of fundamentals and an ever-growing community. The team has already achieved much success, having accomplished their roadmap to the letter by collaborating with giants such as Google and Amazon Web Services.
To further fuel Qtum’s adoption, the launch of its main net staking is anticipated to open up new possibilities for decentralized applications and smart contracts. This in combination with other promising developments has led many to anticipate that the price of Qtum will continue climbing until 2030 and beyond.
Market Experts from various industries have weighed in on the prospects of Qtum.moon333, a Youtube-based market analyst is bullish on Qtum’s future:
“Qtum is in an ideal position to take advantage of the growth trajectory of blockchain technology. Its current market cap and trading volume indicate that there is high demand for it, which makes me think that its price will rise significantly in the next few years.”
The Youtuber has given a technical analysis and fundamental analysis of Qtum, expecting the price to reach as high as $45 by 2025.
The 20-day moving average (MA) is currently trading above the 200-day MA, which is a bearish signal. Additionally, both MAs have been on a downward trajectory since April 2020 and there are no signs of trend reversal yet.
Qtum market volatility has been relatively low, which indicates that the current price trend is likely to continue in the near future. The support level of $1.90 has held strong so far and any break below it could signal further downside for Qtum’s price.
The price is currently trading below the 23.6% Fibonacci retracement level at $2.032 which suggests that the bears have taken control of the momentum in Qtum’s market.
Overall, it appears that the bearish trend in Qtum’s price is still intact and any attempts at a reversal should be met with caution. However, if the bulls can push prices above $2.032 they could possibly open up a pathway to higher levels in the medium term.
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 QTUM 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.