QTUM Jumps 42% After Binance Adds BNB And USDT Crosses
Kiana Danial | Mar 20, 2018 12:07AM ET
Cryptocurrencies made a comeback on Monday, but the clear winner was QTUM, which saw a 42.39% gain by the end of the day, as calculated by CoinMarketCap.
Qtum is the 18th largest cryptocurrency by market cap, priced at $17.79 at the time of writing. One of the key drivers of its gains on Monday could be attributed to it being listed on Binance exchange. Binance added QTUM/BNB and QTUM/USDT trading pairs, and to celebrate, QTUM has committed a total of 50,000 of its digital currency to give away. Users will be ranked in terms of the total QTUM volume traded on their Binance account (including both Buys and Sells) across all QTUM trading pairs during the competition period.
Qtum is a global project aimed at bridging the gaps between cryptocurrencies, providing a sort of meeting ground for different cryptocurrencies and blockchain models. It also provides solutions that can be executed on any computing or mobile device. Qtum’s core technology combines a fork of bitcoin core, an Account Abstraction Layer allowing for multiple Virtual Machines including the Ethereum Virtual Machine (EVM) and Proof-of-Stake consensus aimed at tackling industry use cases.
QTUM started trading at a very high price of $203 in July 2017, but after testing the all-time high level of $262, it saw a sharp decline to its current level of approximately $10. Today’s gains could bring it one step closer to a more solid uptrend and a larger market cap.
*This article was originally published
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