Qtum Achieves Market Cap of $229.55 Million (QTUM)

Qtum (QTUM) traded down 0.1% against the U.S. dollar during the 24 hour period ending at 15:00 PM ET on August 12th. Qtum has a market cap of $229.55 million and $27.75 million worth of Qtum was traded on exchanges in the last 24 hours. Over the last week, Qtum has traded 10.5% higher against the U.S. dollar. One Qtum coin can now be purchased for $2.18 or 0.00003726 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• Ethereum (ETH) traded down 0.3% against the dollar and now trades at $2,633.12 or 0.04499923 BTC.
• Cardano (ADA) traded 1.7% lower against the dollar and now trades at $0.33 or 0.00000572 BTC.
• Avalanche (AVAX) traded down 1.5% against the dollar and now trades at $20.87 or 0.00035666 BTC.
• NEAR Protocol (NEAR) traded 1.2% higher against the dollar and now trades at $3.99 or 0.00006814 BTC.
• Uniswap (UNI) traded down 1% against the dollar and now trades at $6.06 or 0.00010348 BTC.
• Internet Computer (ICP) traded 0.1% higher against the dollar and now trades at $7.05 or 0.00012045 BTC.
• Cronos (CRO) traded 3.4% lower against the dollar and now trades at $0.0871 or 0.00000149 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $5.01 or 0.00008555 BTC.
• Hedera (HBAR) traded down 2.3% against the dollar and now trades at $0.0533 or 0.00000091 BTC.
• Algorand (ALGO) traded down 0.8% against the dollar and now trades at $0.12 or 0.00000201 BTC.

Qtum Profile

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 105,271,672 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 Twitter account is @qtum and its Facebook page is accessible here. The official website for Qtum is qtum.org.

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 possible to purchase alternative cryptocurrencies such as Qtum directly using U.S. dollars. Investors seeking to trade Qtum should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Qtum using one of the exchanges listed above.

QTUM/USD price chart by TradingView