Home / Crypto Currency / Qtum Price Remains Above $4 While Other Markets Run out of Steam

Qtum Price Remains Above $4 While Other Markets Run out of Steam

As all cryptocurrency markets start to lose some of their initial profits, the focus shifts to those currencies which are still firmly in the green. Most altcoins are losing value against Bitcoin, although there are some notable exceptions. Qtum is still going rather strong at this stage, as it maintains a value of over $4 with relative ease.

Qtum Price Momentum Remains Intact

It is not abnormal to see all cryptocurrencies lose a bit of their initial momentum. Sustaining an uptrend throughout 2018 has been very difficult for all markets. As such, it is normal to see a brief corrections et in prior to the uptrend being resumed For most altcoins, that means suffering from a loss in the BTC department, which also drives the USD value down a bit in the process.

For Qtum, nothing terrible is happening right now. In fact, it is one of the few altcoins in the top 30 to remain in the green in both USD and BTC value at this time. That in itself shows the currency has found some form of stability, although it will be interesting to see how things will move along in this department.

On social media, Qtum isn’t necessarily generating a lot of buzz right now. That is not a bad thing by any means, as useless clutter can make investors and speculators more averse of this market. There is a proof-of-stake protocol deployed by Qtum which is well worth checking out, as it has the potential to redefine proof-of-stake as most people know it today.

For those who are merely speculating on the Qtum price, it is evident there is a lot of room for upward momentum moving forward. More specifically, Qtum will need to break through the relatively low resistance level prior to effectively breaking out. Once that happens, a doubling in value is certainly possible, depending on how traders respond.

CryptoKazakh, on the other hand, is confident Qtum is looking good right now, regardless of what may happen in the coming hours. Although there is still a lot of positive momentum in place right now, it seems unlikely this altcoin will not go through a correction of its own in the coming days. Markets remain unpredictable first and foremost, though.

What makes Qtum such an impressive market right now is its very high trading volume. Compared to top markets, $207m might not seem much. When considering Qtum’s market cap is just $366m, that volume suddenly becomes a lot more impressive. It is critical to keep the bigger picture in mind at all times when dealing with cryptocurrencies.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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