Qtum coin was introduced only in 2017, but it is already a promising token. Reddit is not the only source for the Qtum news. ChangeNOW will show you some views on Qtum’s future price prediction and help you decide on whether to buy the token or not.
What Is Qtum
Qtum (QTUM) is a cryptocurrency project to create an open-source public blockchain. Qtum combines Bitcoin and Ethereum technologies. The Qtum Foundation, which implements the project, is located in Singapore and was founded by Chinese-born developer Patrick Dai.
What Does Qtum Value Depend On
Qtum ICO was conducted from March 16 to April 15, 2017. Within 24 hours of the start of the token sale, about $10 million dollars were raised. The total amount of funds that developers were able to attract during the sale of 100 million tokens amounted to $ 15.6 million.
Tokens were distributed as follows:
- a public sale of Qtum coins — 51 million;
- developers, sponsors, and founders — 20 million Qtum tokens;
- Development Fund for Qtum-related projects — 29 million coins.
In addition, the future plans of the Qtum Foundation team are planning to increase the total number of coins by 1%.
Mining a Qtum token does not require much effort. It depends on the Proof-of-stake algorithm. Each of the transactions for sending coins to Qtum wallet requires 500 confirmations of miners, after which they begin to make a profit to the owner. Network weight is the total number of Qtum bets. Weight determines the probability with which 1 QTUM token (coin) will mine the next block.
To date, the creation of a block of Qtum coins requires about 2 minutes. For each block, the miner receives 4 tokens. Also in his favor play commission for transactions inscribed in this block as a result of Qtum mining. Creating a Qtum coin block is based on probability. It resembles a kind of lottery. Each Qtum token in the wallet is one ticket to participate in the lottery for its owner.
Qtum (BSV) Price Predictions for 2019, 2020, 2021 and 2025
Let us take a look at analysts’ price predictions for Qtum. Basically, the positive thinking of Qtum performance in the long-run predominates. Main platforms endow the token with high investment potential.
By the end of 2019, the price of one Qtum coin will be $3.12. Qtum price prediction 2020: the rate will rise a bit. 1 Qtum token will be almost $4. By 2025, the price will reach $8.01.
Qtum must go up to $12.190 in one year. Qtum price prediction 2025: it is going to jump up to $50.261.
QTUM is forecasted to reach $1.96485 by the beginning of January 2020. Next year, Qtum rate will slightly increase up to $3.08209. In 2022, the price will reach $4.46673.
It is too early to consider options for investing in Qtum cryptocurrency since here there are too high indicators of uncertainty in the future of this project on the part of users. So, we won’t venture into Qtum long-term price prediction.
Today, Qtum is a project where you can earn on short-term terms, as the value of the coin is experiencing constant leaps. However, this is a negative factor when considering it as a long-term investment. According to Coinmarketcap current Qtum price in USD at the moment of the article’s creation is 1.78.
Where to Buy Qtum
*This price prediction is based on the data collected from various sources. The information presented in this article should not be considered as any sort of investing advice and the reader should do their own research before taking any actions.
Originally published at https://changenow.io on January 30, 2020.