Crypto markets have remained sideways spil wij come te the weekend. There has bot no momentum te either direction and the markets are holding stable for now at around the $330 billion mark. Bitcoin has done very little overheen the past 3-4 days and is floating around the $7,500 level. Technical analysts are predicting a breakout spil BTC approaches a major resistance level at $7,600. Ethereum has made puny gains but is steadily heading upwards, presently trading around $580. The surplus of the altcoins are mixed merienda again, but the majority are te the green, albeit very slightly. Iota has extended its bullish run from yesterday but the other coin making a budge this morning is Qtum.
According to Coinmarketcap Qtum is trading 9% higher this morning te Asia. Trading at $14.56 Qtum is up from $13.30 this time yesterday and is one of the top performing altcoins at the ogenblik. Overheen the past seven days it has made 10% from $13.22 this time last weekend. On the month however Qtum has fallen 34% from just overheen $22 at the beginning of May. Against Bitcoin it is up 9% on the day to 194300 satoshis from 177600 sats this time yesterday. Weekly gains on BTC have bot a similar 9% from the same level this time last Saturday. Overheen the month Qtum has lost 20% against Bitcoin falling from 242000 satoshis this time last month.
Founder of Qtum, Patrick Dai, has bot announcing future plans for the cryptocurrency and its team. Becoming more active on twitter can reignite rente te certain altcoins and Qtum seems to be one of those,
wij will shove Qtum merienda again to massive adoption.. earlier, because the regulation risk te china, wij slow down the marketing project since December of , then wij focused on development work since the beginning of , but wij realized wij still need more efforts on marketing.
He went on to say that they are building the best technology for the industry but have failed to market and communicate that correctly. This switch te concentrate will waterput Qtum back into the limelight which is presently driving momentum.
Qtum is traded predominantly on little known Chinese exchange LBank which has around 35% of the total volume. South Koreans have also bot trading Qtum strongly overheen the past 24 hours with Bithumb and Upbit taking large shares each ter KRW. Trade volume has enhanced from $120 million to $162 million overheen the past day, and market cap presently stands at just under $1.Trio billion positioning this altcoin at Nineteen th spot.
Total crypto market capitalization has remained plane overheen the past 24 hours and presently sits at $333 billion. This is the same level things were at this time last weekend before a Tuesday slump to just overheen $300 billion. Other altcoins are not moving very much ter either direction, Iota is still performing well, up 11% on the day following the Norwegian Canap collaboration. OmiseGO is the third best performing altcoin ter the top 25 with gains of 5%, and Bitshares is up 6.3%.
More on Qtum can be found here: https://qtum.org/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.