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Qtum is a non-mineable coin that is presently priced at $5.52. It has a market capitalization of $541 545 114, and is on the 69 place in the global Cryptocurrency Rating. The currently available supply of Qtum is 98 151 405 coins. It is important to the grasp of the projected changes in supply to properly calculate future market capitalization. Thus, the future price of the cryptocurrency under review is important.
https://coindcx.com/trade/QTUMUSDT
Market Sentiment on QTUM
Qtum trading volume for the past 24 hours is $788 928 794 that constitutes the increase from the previous day. The current tendencies with regard to changes in the average trading volume reveal the increasing demand for QTUM coins on the backdrop of the decreasing supply of the corresponding cryptocurrency.
The highest Qtum price in the last 7 days was $7.34, and the lowest price was $4.61. Exchange rate Qtum in the last 30 days increased by 54.13%.
How QTUM Fared in February
QTUM was up nearly 35% over in early February, hitting a daily high of $7.65. Investors should note that while impressive, this is far off its all-time high of $10.22.
There are also a few general things to consider here. As Bitcoin continued to climb, some investors started looking into altcoins like QTUM to really benefit. This is also true thanks to a recent rally in Reddit stocks. When Robinhood halted trading and placed restrictions on equities like GameStop (NYSE:GME), many retail investors became interested in decentralized finance (DeFi). We have seen blockchain stocks like Marathon Patent Group (NASDAQ:MARA) and other cryptocurrencies rally in the wake of this decision.
How QTUM Will Move
Due to the need for scalability and low energy consumption, Qtum operates in the PoS consensus algorithm. This means that there are no miners, and transactions are approved by nodes, which in return for holding and freezing their funds receive remuneration for confirming transactions. The block time is 120 seconds and the block reward is 4 QTUMs with transaction fees in a specific block. Since the fee model was taken from Ethereum, each operation requires the so-called gas fee, which is calculated in QTUM. Expect the price to regain once the short fall moves above the pivot level of $4.8.