Qtum isn’t in the list of the most popular cryptocurrencies in the industry but it ought to be. The project might not have gotten the kind of popularity other projects like EOS and Cardano have gotten, but it is still rather promising. Following the recent interview with the former lead developer at Qtum Stephen Xu Xiaolong as reported on Theoofy, investors are now gaining interest in this unknown coin.
Qtum (QTUM) Price Today – QTUM / USD
According to the post, the major problem most blockchain and cryptocurrency platforms are facing is scalability. Basically, this has been the most alarming problem in the industry. As adoption increases, scalability issues persist. The only way global adoption can be achieved is if the problem of scalability is fixed. The worst part about the blockchain technology is that a lack of scalability on one decentralized application can affect the entire blockchain on which it is built.
He also said that another problem that is affecting the growth of Qtum is that as adoption increases, the possibility of money laundering also increases. This is thanks to the privacy of the blockchain. Price manipulation is another problem that has plagued not just Qtum but the entire industry as a whole according to Stephen Xu Xiaolong. He believes that as soon as these risks are mitigated or eliminated, Qtum will thrive along with the major and most popular cryptocurrencies today. Projects like Qtum are going to change the game in the cryptocurrency industry when the time is right. If the problem of scalability is solved, many more people will be able to use the cryptocurrency platform and this will lead to mainstream adoption.
Qtum Price Analysis Today
At the time of writing, Qtum was trading at $3.84 USD. This indicates a 1.11% fall against the USD and a 0.68% fall against Bitcoin. According to the data on CoinMarketCapital, the trading volume over a 24 hour period is $134,891,807 most of which is coming from sellers. The next few trading sessions will determine if the price action will change or not. The total market capitalization is $341,854,852. Qtum currently has a circulating supply of 88,929,456 and a maximum supply of 100,929,456.