Within a 24-hour period, the price of Qtum traded lower by 3.5% against the USD. Within the last seven days, the cryptocurrency has fallen by 9.8% against the USD. The market capitalization for Qtum is about $361.23 million and its trading volume within the last 24 hours is about $84.91 million. The price is now hovering around $4.07 on KuCoin, Coinrail, Coinone, Coinsuper.
The Price of QTUM In The Cryptocurrency Market
Over the past 24 hours, the trend in the cryptocurrency market has been positive as most cryptocurrencies have been changing hands and trading in green. Among the top 15 cryptocurrencies, the only one that is losing its market value is Tether. QTUM is trading above the 100 EMA with a clear exhibition of an uptrend. Against the USD, QTUM is changing hands around $4.07. Initially, the price was as high as $4.24 but it fell this morning breaking the solid support at $4.10.
Qtum (QTUM) Price Today – QTUM / USD
The price of QTUM has broken out of a significant resistance and it is currently trading above the 100 EMA which is currently at $4.2. The price is exhibiting a tight range between $4.1 and $4.3. Unfortunately, Qtum is trading at a lose against Bitcoin.
Long-Term Price Forecast For Qtum
The price of Qtum was predicted to reach $18.78 before the end of December. This prediction was made by Tradingbeasts. While Qtum is expected to reach a maximum of $23.68, the minimum rise that has been predicted is $16.10. By the End of 2020, Priyanka Babu, on BCFocus has predicted that Qtum will reach $22.90.
If you’re interested in trading Qtum, you can trade it on several exchanges. However, keep in mind that you’ll be unable to buy Qtum directly with your USD. You’ll need to buy a major cryptocurrency like Bitcoin or Ethereum then convert it to Qtum. You’ll get the Qtum equivalent which you can use for trading. The next few trading sessions will determine if the price action will change.