Qtum (QTUM) Trading 1.1% Lower This Week

Qtum (QTUM) traded up 0.7% against the U.S. dollar during the one day period ending at 22:00 PM E.T. on May 26th. One Qtum coin can now be bought for approximately $2.60 or 0.00009735 BTC on major cryptocurrency exchanges. Qtum has a market capitalization of $272.11 million and $23.76 million worth of Qtum was traded on exchanges in the last day. In the last seven days, Qtum has traded down 1.1% against the U.S. dollar.

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

• Ethereum (ETH) traded up 1.4% against the dollar and now trades at $1,828.56 or 0.06847230 BTC.
• Cardano (ADA) traded up 2.4% against the dollar and now trades at $0.36 or 0.00001361 BTC.
• Avalanche (AVAX) traded 2.5% higher against the dollar and now trades at $14.39 or 0.00053900 BTC.
• Cosmos (ATOM) traded up 0.8% against the dollar and now trades at $10.55 or 0.00039504 BTC.
• Uniswap (UNI) traded 0.5% higher against the dollar and now trades at $4.97 or 0.00018609 BTC.
• Internet Computer (ICP) traded up 1% against the dollar and now trades at $4.82 or 0.00018047 BTC.
• Hedera (HBAR) traded up 3.5% against the dollar and now trades at $0.0522 or 0.00000196 BTC.
• Cronos (CRO) traded 0.3% higher against the dollar and now trades at $0.0600 or 0.00000225 BTC.
• NEAR Protocol (NEAR) traded up 2% against the dollar and now trades at $1.58 or 0.00005932 BTC.
• Algorand (ALGO) traded up 1.2% against the dollar and now trades at $0.15 or 0.00000562 BTC.

About Qtum

Qtum (CRYPTO:QTUM) is a proof-of-stake (PoS) coin that uses the POS 3.0 hashing algorithm. Its launch date was December 19th, 2016. Qtum’s total supply is 107,822,406 coins and its circulating supply is 104,672,705 coins. Qtum’s official Twitter account is @qtum and its Facebook page is accessible here. Qtum’s official website is qtum.org. 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 possible to buy alternative cryptocurrencies such as Qtum directly using US dollars. Investors seeking to trade Qtum should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Qtum using one of the aforementioned exchanges.

QTUM/USD price chart by TradingView