Price Analysis

Qtum Price Analysis: QTUM Although Has Spiked Up But Its Future Looks Gloomy

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Currently, the condition of the crypto sphere is so miserable that hardly any investors or crypto enthusiasts can see any altcoins being able to retain their values towards bullish ranges. QTUM is although appearing to be different as of now but the persistence of its bullish range it’s challenging undoubtedly. Qtum was in the news last month for it had confirmed Google Cloud Features Rollout for improving user accessibility, and this may have been creating a positive impact on the current values of the same.

Qtum Price Current status:

  • Price in USD: 3.21 USD
  • Price in BTC: 0.00041307 BTC (UTC time 09:25)
  • Circulating supply: 95,783,792 QTUM
  • Market cap: 305,853,216 USD
  • Market rank: 31

Qtum Price analysis and future price predictions:

Qtum Price Chart -10 June

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It’s evident from the 1-day chart of QTUM that it too had been affected largely by the intense, volatile condition of the crypto market, for yesterday, it had been traded maximum in the bearish zone. It was just with today’s daybreak that, it has attained a sharp peak but, that does not necessarily imply that it has started gaining momentum. The most ardent factor is the market situation and the turbulent nature of BTC, which can all of a student deter the value of an altcoin like Qtum. Yesterday, it had a trading value of 2.94 USD, but today, it has reached at the peak of 3.35 USD. So, within one day, the value of Qtum has increased by 9.18% which is strikingly good but also ruffling, because it is currently observed that no matter how hard an altcoin tries to retain its value in the bullish range due to deficient support levels, it is declining sharply. The same can be the reality of Qtum too. Considering these, we think that in the upcoming days, Qtum can trade around 2.87 USD creating a support level if it falls.

Conclusion:

It’s better not to get delighted with the certain upstroke of Qtum as everyone knows that this crypto market is highly unpredictable, and the current condition is disappointing. One should not consider the investment as of now, and it would be best if the investors can wait till the end of this year as it is expected that volatility will reduce largely.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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