Qtum (QTUM) Market Capitalization Hits $396.50 Million

Qtum (QTUM) traded 1% higher against the US dollar during the 1 day period ending at 20:00 PM ET on May 5th. Qtum has a market cap of $396.50 million and $39.74 million worth of Qtum was traded on exchanges in the last 24 hours. One Qtum coin can currently be purchased for about $3.79 or 0.00005895 BTC on major cryptocurrency exchanges. During the last seven days, Qtum has traded down 4.7% against the US dollar.

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

• Ethereum (ETH) traded 1.9% higher against the dollar and now trades at $3,152.16 or 0.04909578 BTC.
• Cardano (ADA) traded 0.1% higher against the dollar and now trades at $0.46 or 0.00000718 BTC.
• Avalanche (AVAX) traded 0.1% higher against the dollar and now trades at $37.42 or 0.00058284 BTC.
• NEAR Protocol (NEAR) traded 10.2% higher against the dollar and now trades at $7.49 or 0.00011662 BTC.
• Internet Computer (ICP) traded up 0.2% against the dollar and now trades at $13.11 or 0.00020423 BTC.
• Uniswap (UNI) traded up 1.5% against the dollar and now trades at $7.63 or 0.00011882 BTC.
• Hedera (HBAR) traded up 4.3% against the dollar and now trades at $0.11 or 0.00000175 BTC.
• Cosmos (ATOM) traded up 7.9% against the dollar and now trades at $9.38 or 0.00014603 BTC.
• Cronos (CRO) traded 0.8% higher against the dollar and now trades at $0.13 or 0.00000208 BTC.
• Fetch.ai (FET) traded up 12.8% against the dollar and now trades at $2.42 or 0.00003770 BTC.

About Qtum

QTUM is a proof-of-stake (PoS) coin that uses the POS 3.0 hashing algorithm. Its genesis date was December 19th, 2016. Qtum’s total supply is 107,822,406 coins and its circulating supply is 104,755,842 coins. Qtum’s official website is qtum.org. Qtum’s official Twitter account is @qtum and its Facebook page is accessible here. 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 U.S. dollars. Investors seeking to trade Qtum should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Qtum using one of the exchanges listed above.

QTUM/USD price chart by TradingView