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Qtum Price: What Awaits The Coin In The Future?

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QTUM price

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.

About Qtum

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.

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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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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