Qtum (QTUM) Trading 4.9% Lower Over Last Week

Qtum (QTUM) traded 0.5% higher against the US dollar during the 24-hour period ending at 11:00 AM ET on May 6th. Qtum has a total market capitalization of $392.13 million and approximately $46.62 million worth of Qtum was traded on exchanges in the last 24 hours. In the last week, Qtum has traded down 4.9% against the US dollar. One Qtum coin can now be bought for $3.74 or 0.00005853 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Ethereum (ETH) traded down 1.1% against the dollar and now trades at $3,104.50 or 0.04854530 BTC.
• Cardano (ADA) traded 0.5% higher against the dollar and now trades at $0.46 or 0.00000720 BTC.
• Avalanche (AVAX) traded 2.1% higher against the dollar and now trades at $37.94 or 0.00059329 BTC.
• NEAR Protocol (NEAR) traded 3.7% higher against the dollar and now trades at $7.41 or 0.00011587 BTC.
• Internet Computer (ICP) traded 2.7% higher against the dollar and now trades at $13.28 or 0.00020772 BTC.
• Uniswap (UNI) traded up 2.7% against the dollar and now trades at $7.59 or 0.00011873 BTC.
• Hedera (HBAR) traded up 7.3% against the dollar and now trades at $0.12 or 0.00000182 BTC.
• Cosmos (ATOM) traded up 4% against the dollar and now trades at $9.32 or 0.00014568 BTC.
• Cronos (CRO) traded 0.1% lower against the dollar and now trades at $0.13 or 0.00000208 BTC.
• Fetch.ai (FET) traded 3.4% higher against the dollar and now trades at $2.40 or 0.00003754 BTC.

Qtum 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. The official website for Qtum is qtum.org. Qtum’s official Twitter account is @qtum and its Facebook page is accessible here. 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 acquire Qtum should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. 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