The crypto market is currently in a very exciting place, as the new bull run inspired numerous investors to search for new coins to add to their crypto portfolio. One such coin, that has started to gain more and more attention is Qtum. Now, many are wondering what can be expected of the coin, and more importantly — what to expect from Qtum price.
Before we go into price predictions, let’s take a quick second to see what Qtum is all about. This is a Singapore-based crypto that was launched back in September 2017. It is pronounced “quantum”, and it’s much more than a simple crypto — it is actually a business-facing platform. What this means is that the coin’s design makes it perfect for all sort of business-related tasks. It also supports the creation of dApps and smart contracts through a combination of Ethereum and Bitcoin-like technologies.
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However, the coin also has a large potential to solve some major issues that both of these coins are facing to this day.
What to expect from Qtum price?
Let’s start with a reminder that price predictions are a useful tool in an investors’ arsenal, but are hardly the most precise one. The price is predicted through a combination of multiple aspects, such as coin’s behavior so far, it’s goal, technology, community, the team behind it, and alike. Still, the predictions cannot be accurate since nobody knows what will happen in the future.
The best that any analyst can do is give an educated guess, but even that might change if the market has a change of heart. With that in mind, let’s see what crypto experts expect from Qtum price in the following period.
Qtum price in 2018
As every other crypto, Qtum has suffered due to a bear market throughout the year. And yes, the year has had a few brief periods of recovery, but the bears always returned soon after that. Now, the bulls seem to control the space, and whether this will last or not is anyone’s guess.
Qtum price is currently at $3.91, with a 17.12% increase over the last 24 hours. Its current market cap is almost $348 million, which puts the coin at the 28th place on CoinMarketCap’s list of largest cryptos. Additionally, the coin has a total market cap of 100,905,568 QTUM, and a current circulating supply of 88.9 million coins. This is a good news, as the lower number of coins allows cryptos to have a higher price.
Because of that, and due to the fact that Qtum is actually a pretty good project, most predictions claim that its price will reach more than decent heights. Some last year’s predictions have seen QTUM’s price hitting $20 by December 2018. However, the experts did not predict the bearish 2018. While this can still happen, the coin would need a massive price surge to reach it, similar to the one that ended in 2017. Whether it will actually happen or not still remains to be seen.
As for the next few years, the analysts remain optimistic about Qtum. The project offers dApps and smart contracts creation, it’s compatible with ETH technology, it made some pretty big partnerships so far, and the demand for it continues to grow. Trying to guess its exact price in three, five, or ten years from now would not mean much, given the volatility of the market.
However, with all of this in mind, it is clear that the coin does have a bright future ahead of it, and some real potential to rise to greatness.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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