While gains are still being made across the entire crypto market, some cryptocurrencies are taking the lead by making double-digit gains in the past 24 hours. QTUM is among these coins, and it is on a steady rise to make new monthly highs.
The coin is trading at $10.58 at the time of writing after a 29.7% gain.
QTUM Price Analysis
QTUM has made double-digit gains in the past 24 hours, which has propelled the coin from critical support levels. After its recent breakout past $10, the next resistance for the token lies at $12. The coin might soon reach this level if the ongoing market and buying support continues. Weekly, the token has increased by more than 45%.
ETH is gearing towards $3,000, which means that the coin gains could continue if the altcoin mimics BTC and ETH trends.
On the downside, we could also see a dip in QTUM prices. This could happen if buying and market support fail to hold. In case of a trend reversal, we could see QTUM heading towards retesting the lower support level of $7.50. Retreating below this level could only happen if the entire market dips.
The coin was among the 15 cryptocurrencies selected by Phillip Plein. The German luxury clothing store will start accepting QTUM and other tokens as payments by clients. This will not only boost the popularity of the token but also raise its demand and value.
The QTUM network integrates different aspects of Bitcoin and Ethereum to make it attractive to developers. The network integrates Ethereum’s smart contract capability while at the same time making it compatible with Bitcoin. Developers who are searching for a network that integrates the two largest blockchain networks choose the coin. If QTUM can gain adoption because of this, its native token will be in luck.
Where to Buy QTUM
If you want to buy QTUM, you can create an account on the following platforms:
eToro is one of the reliable and recommended exchange platforms. The exchange offers social copy trading, which is very helpful to new crypto traders. Furthermore, eToro has a user-friendly interface that allows new traders to learn from market experts.
The other exchange platform that supports QTUM is Binance. Binance is the largest cryptocurrency exchange and charges low trading fees and commissions. Binance is also reputable for supporting a wide range of cryptocurrencies and trading pairs.
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