Qtum Price Prediction – Will QTUM Price Hit $30 Soon?

This Qtum (QTUM) Price Forecast 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 for a good price. For Qtum, the former may be the case. In fact, Qtum price reached a high of $19.15 in October.

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 $16.40 with a 24-hour trading volume of $473,854,314, 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 +750%. Truly, this is a performance that should not be overlooked in the crypto world.

If this performance keeps going, QTUM might level up its 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 $1,623,313,638. Truly, an amount favored by investors and traders around the world.

Qtum Price Analysis 2021

Currently, Qtum holds 85th place on CoinMarketCap. 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.

Based on the chart above, QTUM positions itself along with the raging bulls. Today, QTUM trades at a high price of $256.88 with a 7-day increased rate of +54%.

In addition, we can see that Elrond recently performed an Ascending Channel pattern. An ascending channel is the price action that occurs in an upward direction through a rising parallel line. More so, the chart shows the Higher Highs and Higher Lows from this price pattern. In addition, this pattern represents a short-term bullish.

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.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA).

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 $19.728 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. Notably, it is not much possible to surpass its current all-time-high (ATH) at about $99.87 this year. Moreover, QTUM can reach new highs only if it breaks many previous psychological resistances.

QTUM Price Prediction 2022

If this bullish trend continues, QTUM will reach $40 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $45. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $40 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 $60. 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 $80.

QTUM Price Prediction 2025

In the next four years, QTUM prices could race up to $95. 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.

Conclusion

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 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 $26.96. As said above, it may even reach $30 if investors have decided that Qtum is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

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.

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