After the past week of plunging coin prices across the entire crypto market, the QTUM coin is having one of the best recoveries today – currently up 28.4% and sitting comfortably at $15.24. Even though it has managed to bounce back slightly in the past 24 hours, it is still a tiny fraction of its former glory. From mid-December to mid-January, this digital currency was trading closer to the $60 mark.
To be fair, the entire cryptocurrency space has seen a similar price path – most coins reaped the benefits of the hugely overvalued surge we saw near the end of the year. Even so, there’s good reason to believe that QTUM is going to keep growing beyond just this recovery as the market realizes the potential behind its technology.
The platform behind the “Quantum” coin is unique in that it integrates the smart contract operability of the Ethereum (ETH) network with the blockchain technology of Bitcoin (BTC) – making them interoperable through QTUM apps.
That’s especially true when compared to a lot of their competitors – like EOS (EOS), Stellar (XLM) and TRON (TRX) (none of which have live, usable products yet).
Unlike TRON, EOS and Stellar, QTUM is up and running
Yes, the platform that this cryptocurrency supports is already active. That means that established companies and start-ups have already been launching their own decentralized applications (dApps) on the QTUM network – along with their own cryptocurrencies. MediBloc (MED) is one of the most popular ones, but there are already dozens.
So, this coin’s dApp-enabling network (which, as I mentioned above, allows interoperability between Bitcoin and Ethereum) can already be used by businesses and start-ups, while everyone else is waiting around for the main nets to launch on the TRON (TRX), EOS (EOS) and Stellar (XLM) networks.
With so many “Ethereum killers” on the market, it’s a wonder they are all worth so many millions – especially with so little actual software publicly available.
QTUM is also getting more accessible
This coin got the great fortune of being added to Binance – the highest-volume exchange (in the last 24 hours, at least) with about $1.8 billion in trades processed over the past day. That’s probably the reason this coin’s price has risen by slightly more than some of its other peers in the top 20.
Oh, and last week, this coin got added to ShapeShift.io – another very popular exchange.
The simple accessibility of this coin means that more people can buy it, and that exchanges are recognizing the potential of this coin through investor demand. Meanwhile, higher-valued cryptocurrencies out there (EOS, Stellar, TRON – I’m obviously still talking about those) haven’t launched any dApps yet and are still months away from their main nets launching.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.