Every crypto trader, whether rookie or veteran, is always looking for the next up-and-coming token in which to invest. Selecting one or a handful of tokens from the hundreds of thousands out there can be daunting. Some cryptocurrencies will probably never take off.
But people once said that about Bitcoin. And it's also very possible that one of the many penny cryptos will eventually see their value soar to record highs.
QTUM (pronounced “quantum”) is one of those tokens that has been getting a lot of attention lately, and maybe you're wondering whether it's a good investment option.
Read on for a QTUM price prediction for 2020, 2022 & 2025. It just might help you decide if it's worth buying.
QTUM Historical Price Analysis
QTUM is the cryptocurrency that powers the Qtum blockchain. Qtum is an exciting concept in that it's a smart-contract-capable blockchain, like Ethereum or EOS, created with the idea of combining the best features of the two largest names in the crypto world: Bitcoin and Ethereum.
QTUM's Initial Coin Offering (ICO) took place in March 2017 and raised just over 15.6 million SD. According to data from cmc.io, QTUM's price during the ICO was 0.31 USD, the all-time high was on January 6th, 2018 (peaking at 100.22 USD), and the all-time-low was 0.77 USD, about on March 13th, 2020. About two months before writing this article.
Current Price, Market Cap, and Supply Details
As of writing this article, there are 96,686,828 QTUM tokens in circulation (89.7% of the maximum 107,822,406 tokens). The price of 1 QTUM today, May 11th, 2020, is 1.41 USD, with a 24-hour trading volume of just under 425.5 million USD and a Market Cap of just over 136.5 million USD.
QTUM Price Prediction
No one can accurately predict the future and, since my crystal ball needs to have its motherboard replaced, I can't even attempt to foretell how much QTUM will be worth tomorrow, let alone five years from now.
But experts both in trading and mathematics have developed price prediction algorithms and applied them to just about every token out there.
These algorithms have also been applied to the cryptocurrency market as a whole. Let's take a look at some QTUM price predictions, both short- and long-term.
QTUM Price Prediction for 2020
The cryptocurrency market as a whole had a rough year in 2019 but shows signs of improvement in early 2020 despite the global COVID-19 pandemic.
QTUM, in particular, caught the attention of many traders because it wasn't hit too hard by last year's downward trend.
Despite this interest, price prediction algorithms show a downward trend for QTUM in 2020, expecting it to be worth 1.07 USD at the end of the year.
That would mean a decrease of about 24%. So QTUM doesn't look like a good option in the short term.
QTUM Price Prediction for 2022
The algorithms estimate that QTUM will see a slight price recovery to about 1.17 USD by the end of 2022. That would still be about 17% down from its current price. However, price predictions start to look better after 2022.
QTUM Price Prediction for 2025
According to the price prediction algorithm, QTUM will see its price increase starting in 2023, finishing 2025 at 3.69 USD/QTUM, a 161% increase over its current price.
Is QTUM a Good Investment?
QTUM's success depends a lot on how successful the Qtum blockchain is. Combining the best features of Bitcoin and Ethereum sounds like an excellent concept, but many users see it as just another smart-contract platform that dApps can be built on, and nothing more.
The blockchain is already online, and there are a handful of dApps running on it but faces fierce competition from other blockchains like Ethereum, EOS, NEO, and others, which also host some great, better-known dApps.
This isn't an easy scenario in the short term, so QTUM's price is expected to suffer for the next couple of years, so it doesn't look like a good short term investment. However, the long-term picture for QTUM looks a lot better.
How to Buy QTUM?
If you're interested in getting your hands on some QTUM tokens, first you have to figure out where you can buy them. Sites like cmc.io and coincodex.com can tell you which exchanges list QTUM, and which trading pairs are available.
A quick scan tells us two crucial things: first, most exchanges offer only Crypto/QTUM trading pairs. QTUM/USD trading is only available on Binance.us, Kraken and, B Liquid. Second, the largest exchange in QTUM trading volume is Binance (not to be confused with Binance.us), where you can buy QTUM with USD Tether (USDT), Bitcoin (BTC), Ether (ETH), Binance USD (BUSD) or Binance tokens (BNB).
Suppose you want to buy QTUM with BTC on Binance. First, log in to your Binance account and, if your BTC is in a personal wallet (as it well should be), then you have to transfer Bitcoin from your personal wallet to your Binance wallet.
Once your tokens are there, click on “Markets” in the top ribbon.
On this page, click on the BTC Markets tab and type QTUM in the search box on the right. You should see the QTUM/BTC trading pair. Click on it.
This will take you to the proper market page where you can type in how much BTC you want to spend and finally click the BUY QTUM button at the bottom. That's it! Your QTUM tokens should be in your wallet in a few minutes.
More Information About QTUM
Like we said earlier, Qtum seeks to combine the best features of Bitcoin and Ethereum into a single, smart-contract-capable blockchain.
For the more technically oriented, Qtum is based on Bitcoin's UTXO protocol and has adopted a Proof-of-Stake consensus mechanism. The Qtum team has set for themselves the ambitious goal of being seen as an upgrade to Bitcoin.
Qtum is led by a team that not only comes from the Bitcoin and Ethereum communities but also from well-known companies like NASDAQ, Alibaba, Baidu, Tencent, and others.
Power Ledger's team consists of:
- Patrick Dal: a former Alibaba employee, he dropped out of his Ph.D. program at the Chinese Academy of Sciences and, with ample knowledge and experience, is now committed fo blockchain development.
- Neil Mahl: A business graduate with 20 years' experience in software development.
- Jordan Earls: Started developing software at age 13 and is now a well-known and respected name in the crypto world.
- Miguel Palencia: A systems engineer with five years' experience in blockchains. He has developed several block explorers and mining pools.
- Yi Lv: A certified Qualified Legal Professional with over five years' experience in both law and finance.
- Yunqi “Caspal” Ouyang: An accomplished web developer with experience working at Baidu.
- Baiqiang Dong: Studied theoretical mechanics and has worked for Cheetah mobile and several other software companies.
- Weiyu Qi: a graduate in Posts and Communications, he already had experience as a senior software engineer before joining Qtum.
- Jun “Codeface” Chen: A student at Anhui University, he is an iOS developer and product manager.
- Huaming He: Has developed algorithms and protocols for several wireless networks, including 4G LTE and MANET, and has been studying blockchains for almost five years.
- Wenbin Zhong: A Master's of Information and Communications Systems with four years' experience in large-scale software development.
- Howard Yeh: Author of “Deep Dive Into Ethereum Virtual Machine,” he is now the lead dApp platform engineer for Qtum.
- David Jaenson: A former NASDAQ intern who recently finished his Master's in Distributed Systems.
- Stella Kung: Former marketing director for ChainB, she is one of blockchain's earliest marketing and PR practitioners.
- John Scianna: Member of the crypto community since 2013, he has been a miner, journalist, and worker for several startups.
- Brett Fincaryk: A Linux systems administrator from 1999 to 2004 and in support of a Linux desktop company from 2005 to 2014.
- Mark Cen: An experienced blockchain product designer, focusing on UI/UX work.
- Zhen Li: A Master's of Quantitative Analysis with four years' experience programming in Java and familiar with data analysis in languages like Python and MATLAB.
- Alan Yu: A graduate of International Business and Economics with ample knowledge in finance and economic models. He was previously a Product Manager at Alibaba and now is in charge of products and innovative business exploration for Qtum.
- Rouzi Li: With eight years' experience in tech and internet business development, she is now in charge of business development for Qtum.
- Qi Li: A Xidian University graduate with a rich background in blockchain development.
- Isaac Lee: A Master's of International Relations from Renmin University with experience in digital marketing for the 2018 Olympic and Paralympic Winter Games.
- John Beyler: Formerly worked in risk assessment, information security, video streaming apps, and emerging technologies for WarnerMedia, Starz, and CBS.
- Alex Dulub: A winner of several math/programming competitions, he has been involved in software development for 15 years. He has been working in blockchain frameworks, crypto libraries, and cryptographic protocols for three years.
- Anzhy: A Master's of Software Development with six years' experience in blockchain development.
Qtum is an ambitious project, for sure. Trying to bring the best of the world's top two blockchains into one platform is no easy task. And the team has undoubtedly delivered.
The Qtum blockchain is live, and there are some dApps already running on it. But the competition Qtum faces from Ethereum (the blockchain that introduced smart contracts into the crypto world), and other smart-contract platforms like NEO, EOS, and TRON is very stiff.
QTUM's road to success isn't an easy one, but it's not doomed to fail either. QTUM Price prediction algorithms point that it probably isn't a good investment in the short term.
But the token does have one thing going for it: as of now, almost 90% of all QTUM tokens have already been issued. So, if the Qtum blockchain does start taking off, the tokens will be pretty scarce, and that can drive the price way up.
The good QTUM coin news is that it does look like an excellent long-term investment, but you might have to be patient.
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