Qtum (QTUM) Achieves Market Capitalization of $387.06 Million

Qtum (QTUM) traded down 2.5% against the US dollar during the 1 day period ending at 21:00 PM ET on May 6th. Qtum has a market capitalization of $387.06 million and approximately $48.08 million worth of Qtum was traded on exchanges in the last day. One Qtum coin can currently be purchased for about $3.69 or 0.00005817 BTC on popular exchanges. Over the last week, Qtum has traded 8.8% lower against the US dollar.

Here is how related cryptocurrencies have performed over the last day:

• Ethereum (ETH) traded down 2.5% against the dollar and now trades at $3,069.63 or 0.04832634 BTC.
• Cardano (ADA) traded down 1.6% against the dollar and now trades at $0.45 or 0.00000714 BTC.
• Avalanche (AVAX) traded 1.1% lower against the dollar and now trades at $37.09 or 0.00058392 BTC.
• NEAR Protocol (NEAR) traded 0.6% lower against the dollar and now trades at $7.40 or 0.00011646 BTC.
• Internet Computer (ICP) traded 2.5% lower against the dollar and now trades at $12.82 or 0.00020182 BTC.
• Uniswap (UNI) traded down 1.2% against the dollar and now trades at $7.53 or 0.00011857 BTC.
• Hedera (HBAR) traded 2.1% higher against the dollar and now trades at $0.12 or 0.00000182 BTC.
• Cosmos (ATOM) traded down 1.7% against the dollar and now trades at $9.22 or 0.00014523 BTC.
• Cronos (CRO) traded down 3% against the dollar and now trades at $0.13 or 0.00000204 BTC.
• Fetch.ai (FET) traded 1.3% lower against the dollar and now trades at $2.39 or 0.00003760 BTC.

Qtum Coin Profile

QTUM is a proof-of-stake (PoS) coin that uses the POS 3.0 hashing algorithm. It launched on December 19th, 2016. Qtum’s total supply is 107,822,406 coins and its circulating supply is 104,755,842 coins. 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. Qtum’s official Twitter account is @qtum and its Facebook page is accessible 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.”

Qtum Coin Trading

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

QTUM/USD price chart by TradingView