Qtum Trading Down 12.5% This Week (QTUM)

Qtum (QTUM) traded down 7% against the US dollar during the 24-hour period ending at 9:00 AM Eastern on October 26th. Qtum has a total market capitalization of $234.28 million and approximately $29.63 million worth of Qtum was traded on exchanges in the last 24 hours. Over the last week, Qtum has traded down 12.5% against the US dollar. One Qtum coin can currently be purchased for approximately $2.22 or 0.00003319 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Ethereum (ETH) traded down 2.7% against the dollar and now trades at $2,470.41 or 0.03687949 BTC.
• Cardano (ADA) traded 3.9% lower against the dollar and now trades at $0.33 or 0.00000492 BTC.
• Avalanche (AVAX) traded down 3.3% against the dollar and now trades at $25.52 or 0.00038102 BTC.
• NEAR Protocol (NEAR) traded down 6.9% against the dollar and now trades at $4.25 or 0.00006343 BTC.
• Uniswap (UNI) traded down 5.8% against the dollar and now trades at $7.52 or 0.00011225 BTC.
• Internet Computer (ICP) traded 7.3% lower against the dollar and now trades at $7.70 or 0.00011494 BTC.
• Cronos (CRO) traded 2.1% lower against the dollar and now trades at $0.0729 or 0.00000109 BTC.
• Hedera (HBAR) traded 6.5% lower against the dollar and now trades at $0.0479 or 0.00000071 BTC.
• Cosmos (ATOM) traded down 6.4% against the dollar and now trades at $4.40 or 0.00006574 BTC.
• Fetch.ai (FET) traded 6.7% lower against the dollar and now trades at $1.23 or 0.00001838 BTC.

About Qtum

Qtum (CRYPTO: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 105,372,638 coins. The Reddit community for Qtum is https://reddit.com/r/qtum and the currency’s Github account can be viewed here. Qtum’s official website is qtum.org. 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.”

Buying and Selling Qtum

It is usually not presently possible to buy alternative cryptocurrencies such as Qtum directly using US dollars. Investors seeking to trade Qtum should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase 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