- Bullish QTUM price prediction ranges from $10.64 to $14.72.
- QTUM price might also reach $18.28 soon.
- QTUM bearish market price prediction for 2021 is $4.22.
This Qtum Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our Qtum price analysis and prediction.
Nowadays, people are showing huge interest in cryptocurrency. In fact, there are many cryptos that surged to a new all-time during this 2021 bull run. In contrast, some crypto also had a downtrend. Consequently, many traders and investors are confused about whether it is time to sell or hold out Crypto for a good price. For Qtum, the former may be the case. In fact, Qtum price reached a high of $8.43 in June.
Nevertheless, the crypto market is moving sideways lately, and most cryptos are losing their previous profits. Is the scenario the same with Qtum price? We’ll find out shortly in this Qtum price analysis 2021 article. But first, let’s have a look at what Qtum is.
What Is Qtum (QTUM)?
Qtum is a decentralized smart contracts platform. It uses the Proof-of-Stake (PoS) consensus, which means the node operators are rewarded for validating transactions. Moreover, it is a DGP governed blockchain.
In addition, community participants can vote to make changes to certain network parameters. Qtum is built on a Bitcoin Core fork, but the foundation has developed its own hybrid blockchain with the help of several key tools.
Qtum uses Bitcoin’s chain because of its simple nature, allowing the foundation to build upon it more easily. Qtum builds on Bitcoin’s UTXO transaction model and uses the Proof-of-Stake mechanism. Currently, the top crypto trading platforms for Qtum are Binance, Huobi Global, OKEx, Bitz, and HBTC.
Now that we have an idea about Qtum, do you think Qtum will be profitable crypto in 2021? Or, are you curious to find out? Join me and let us see the charts in this Qtum price analysis and Qtum price prediction.
QTUM Current Market Status
According to CoinMarketCap, the QTUM price is at $7.89 with a 24-hour trading volume of $241,367,701, at the time of writing. QTUM is one of the most active and most talked about digital assets in the crypto world. QTUM trades with a 12-month growth rate of +250%. Truly, this is a performance that should not be overlooked in the crypto world.
If this performance keeps going, QTUM might level up it’s crypto ranking closer to the top 10 cryptos. Indeed, this is possible if the bullish market remains with the crypto throughout the year. If it does, the market capitalization of the crypto may reach the bullish amount of $613,166,422. Truly, an amount favored by investors and traders around the world.
Qtum Price Analysis 2021
Currently, Qtum holds 89th place on CoinGecko. But will the recent changes and development in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this Qtum price prediction article.
In the chart above, which is set in a daily time frame, we can see the Descending Triangle pattern. This is an important indicator since QTUM has been showing bearish over the past month. Consequently, the descending triangle pattern hints that QTUM will finally go bearish
In the foreseeable future, we can say that QTUM has a higher chance of going bearish than bullish. As shown above, at the beginning of this month, QTUM turned from its bear to bull trend. This is the result of the high trade volume that occurred in that period.
The Relative Strength Index (RSI) is at 65, which means that Qtum is neither oversold nor overbought. However, this may trigger a price reversal at any given time. Therefore, traders must trade smartly and must not be affected by the market hype. With this in mind, traders can be cautious and stay away from unexpected losses due to the crypto market’s wild swings.
Since the start of 2021, Qtum’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations and corrections right away. Taking this into consideration, Qtum has a competitive market this 2021.
Qtum Price Prediction 2021
The chart below shows that QTUM has performed great over the past few days. If this trend continues, QTUM might run along with the bulls, overtaking its $18.28 resistance level and climb higher.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone QTUM from its uptrend position. In simpler terms, the price of QTUM might plummet to almost $4.22, a bearish signal.
Meanwhile, our long-term QTUM price prediction 2021 is bullish. It is also possible to surpass its current all-time-high (ATH) at about $99.87 this year. However, that will only happen if it breaks many previous psychological resistances.
Qtum Price Prediction 2022
If this bullish trend continues, QTUM will reach $25 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $28. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $25 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Qtum Price Prediction 2023
The price of QTUM can move even great heights, however reaching $30. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency QTUM breaks past the psychological resistance level.
Qtum Price Prediction 2024
As per the latest upgrades, developments, QTUM price prediction, and new project forecasts of the platform. Moreover, this might boost the price of QTUM in the crypto market, and it will be the best investment as the price can spike and reach around $50.
Qtum Price Prediction 2025
In the next four years, QTUM prices could race up to $65. However, reaching this level could not be so difficult for QTUM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that QTUM has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Qtum has a bright future ahead of it in 2021. With ongoing developments happening within the Qtum ecosystem, as well as in the overall crypto market, we may see Qtum reach new heights.
Meanwhile, our long-term Qtum price prediction for 2021 is bullish. It has a high possibility of surpassing its current ATH at about $99.87 this year. However, that will only happen if it breaks past a number of psychological resistances.
Bullish Qtum price prediction 2021 is $18.28. As said above, it may even reach $99.87 if investors have decided that Qtum is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum.
Qtum (QTUM) is a decentralized, Proof-of-Stake (PoS) smart contract blockchain and value transfer protocol platform. It uses Bitcoin’s chain because of its simple nature, allowing the foundation to build upon it more easily.
Like other digital assets in the crypto world, QTUM can be traded on many exchanges. Users can obtain Qtum tokens by purchasing them from cryptocurrency exchanges such as Binance or Huobi Global.
QTUM is considered one of the top-rising cryptocurrencies this year. It is a good investment in 2021. However, traders, and investors need to take extra care when trading in cryptocurrencies, as they are extremely volatile.
QTUM price may reach $18.28 in 3-5 years if the crypto keeps pumping its growth rate.
QTUM is one of the active digital assets in the crypto market. In addition, QTUM is now one of the famous crypto platforms that also creates NFT’s.
Qtum (QTUM) price is expected to reach $25 by 2022.
Qtum (QTUM) price is expected to reach $30 by 2023.
Qtum (QTUM) price is expected to reach $50 by 2024.
Qtum (QTUM) price is expected to reach $65 by 2025.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.