QTUM Jumps 42% After Binance Adds its BNB and USDT Crosses

By 03/19/2018 No Comments

QTUM Jumps 42% After Binance Adds its BNB and USDT Crosses: 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 & Sells) across all QTUM trading pairs during the competition period.

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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.

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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.

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