We know that the past couple of weeks have been full of good news for crypto enthusiasts. With the Bitcoin experiencing an eagerly awaited bull run, and the prices of cryptocurrencies peaking to levels unprecedented since December of 2017, the market has been enjoying its time in the sun.
Most altcoins are also in the green, but in the past 24 hours, one of them, has seen a particularly reassuring spike in prices. This cryptocurrency is QTUM, a lesser known altcoin, which has seen a 30% jump in its price over the course of the day.
At the time of writing, the price of QTUM (according to Coinmarketcap data) is $5.63, and is in the green by about 29.96%. On the day before, that is 25th of June, 2019, its opening price was $4.16 and that was its lowest as it only rose from that point.
It rose to $5.38 over the course of the day and since then it has again risen to $5.63, as we have already shown. Its current market cap is $539.27 M, with its supply being 95.82 M and its volume being $897.32 M.
QTUM is a cryptocurrency that is clearly benefiting from the tide of goodwill and interest surrounding the crypto market as a whole right now. It is an interesting crypto option as it combines Bitcoin’s security features with the blockchain smart contract functionality that is the hallmark of Ethereum.
Of its many pros, its SegWit upgrade and UTXO model that ensure high scalability and security make it particularly user-friendly in nature. Clearly, those aspects are finally catching the eyes of crypto users who are moving to this advanced PoS (Proof of Stake) 3-based crypto to take advantage of its features, leading to a price rise.