Qtum (QTUM) Hits Market Cap of $228.51 Million

Qtum (QTUM) traded down 7.7% against the U.S. dollar during the twenty-four hour period ending at 15:00 PM Eastern on August 3rd. In the last seven days, Qtum has traded down 19.9% against the U.S. dollar. Qtum has a total market cap of $228.51 million and approximately $32.48 million worth of Qtum was traded on exchanges in the last day. One Qtum coin can now be purchased for approximately $2.17 or 0.00003613 BTC on popular cryptocurrency exchanges.

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

• Ethereum (ETH) traded 3.6% lower against the dollar and now trades at $2,899.11 or 0.04824372 BTC.
• Cardano (ADA) traded down 2.8% against the dollar and now trades at $0.35 or 0.00000589 BTC.
• Avalanche (AVAX) traded down 5.4% against the dollar and now trades at $22.56 or 0.00037549 BTC.
• NEAR Protocol (NEAR) traded 7.3% lower against the dollar and now trades at $4.31 or 0.00007179 BTC.
• Uniswap (UNI) traded 0.8% lower against the dollar and now trades at $6.54 or 0.00010877 BTC.
• Internet Computer (ICP) traded down 10.1% against the dollar and now trades at $7.73 or 0.00012863 BTC.
• Cronos (CRO) traded 2.2% lower against the dollar and now trades at $0.0818 or 0.00000136 BTC.
• Hedera (HBAR) traded 4.4% lower against the dollar and now trades at $0.0566 or 0.00000094 BTC.
• Cosmos (ATOM) traded 5.6% lower against the dollar and now trades at $5.05 or 0.00008403 BTC.
• Fetch.ai (FET) traded down 10% against the dollar and now trades at $0.98 or 0.00001625 BTC.

About Qtum

Qtum is a proof-of-stake (PoS) coin that uses the POS 3.0 hashing algorithm. It was first traded on December 19th, 2016. Qtum’s total supply is 107,822,406 coins and its circulating supply is 105,259,578 coins. The Reddit community for Qtum is https://reddit.com/r/qtum and the currency’s Github account can be viewed here. The official website for Qtum 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 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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Qtum using one of the aforementioned exchanges.

QTUM/USD price chart by TradingView