The price of Qtum (QTUM) has grown by more than 19% in the last 24 hours, accompanied by a 283% rise in its trading volume.

The recent bullish market sentiment sparked by expectations around Bitcoin (BTC) seems to have rubbed off on QTUM. The coin, ranked 112 by market capitalization on CoinGecko, is currently trading at $3.10. It had gone as high as $3.21 in the last day.

Data from CoinMarketCap shows traders moved more than $188 million worth of QTUM in the last 24 hours, a 283% jump from the previous day.

QTUM has also showcased a notably robust performance over the past seven days, both in terms of volume and price movement. In that period, the token’s price has risen by nearly 35%.

The same growth is reflected in QTUM’s 14-day and 30-day price charts, where it registered improvements of 44% and 41% respectively.

Analysts at InvestObservers have given QTUM a “very bullish” rating, citing its recent performance. However, they expressed fears the token could end up in a volatile position were the current rally to burn out. 

Upcoming Qtum updates

Earlier in the month, the project announced a scheduled mandatory update for its mainnet due for Nov. 27, 2023.

Go to Source to See Full Article
Author: Julius Mutunkei

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details