Qtum (QTUM) Achieves Market Capitalization of $376.86 Million

Qtum (QTUM) traded 2.3% higher against the dollar during the 1 day period ending at 16:00 PM ET on May 2nd. One Qtum coin can currently be bought for about $3.60 or 0.00006064 BTC on major cryptocurrency exchanges. In the last week, Qtum has traded 10.9% lower against the dollar. Qtum has a market capitalization of $376.86 million and $46.52 million worth of Qtum was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Ethereum (ETH) traded 2.4% higher against the dollar and now trades at $2,994.94 or 0.05048327 BTC.
• Cardano (ADA) traded 2.5% higher against the dollar and now trades at $0.46 or 0.00000768 BTC.
• Avalanche (AVAX) traded 3.6% higher against the dollar and now trades at $33.69 or 0.00056795 BTC.
• NEAR Protocol (NEAR) traded up 0.3% against the dollar and now trades at $6.12 or 0.00010320 BTC.
• Internet Computer (ICP) traded up 3.8% against the dollar and now trades at $13.33 or 0.00022467 BTC.
• Uniswap (UNI) traded 2.9% higher against the dollar and now trades at $7.12 or 0.00011996 BTC.
• Hedera (HBAR) traded down 3.3% against the dollar and now trades at $0.0993 or 0.00000167 BTC.
• Cronos (CRO) traded up 1.8% against the dollar and now trades at $0.13 or 0.00000215 BTC.
• Cosmos (ATOM) traded up 3.5% against the dollar and now trades at $8.66 or 0.00014598 BTC.
• Fetch.ai (FET) traded up 1.6% against the dollar and now trades at $2.00 or 0.00003376 BTC.

Qtum Profile

Qtum (CRYPTO:QTUM) is a proof-of-stake (PoS) coin that uses the POS 3.0 hashing algorithm. Its genesis date was December 19th, 2016. Qtum’s total supply is 107,822,406 coins and its circulating supply is 104,755,842 coins. Qtum’s official Twitter account is @qtum and its Facebook page is accessible here. Qtum’s official website is qtum.org. The Reddit community for Qtum is https://reddit.com/r/qtum and the currency’s Github account can be viewed here.

According to CryptoCompare, “QTUM is a blockchain platform that combines Bitcoin and Ethereum elements to provide a secure and decentralized environment for building and running smart contracts and dapps. Its hybrid consensus mechanism combines proof-of-work (PoW) and proof-of-stake (PoS) to achieve security and scalability. The platform uses familiar programming languages such as Solidity and C++ to make it easier for developers to build and deploy smart contracts and dapps. QTUM was created by a team led by Patrick Dai and is primarily used for building and running smart contracts and dapps, with the QTUM token used for payments, incentivizing network participants, and governance decisions.”

Buying and Selling Qtum

It is usually not currently possible to buy alternative cryptocurrencies such as Qtum directly using U.S. dollars. Investors seeking to trade Qtum should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Qtum using one of the aforementioned exchanges.

QTUM/USD price chart by TradingView