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Qtum is a decentralized public blockchain ecosystem and cryptocurrency. The platform introduces a host of new features including two new token standards, advanced smart contract customization, and NFT support. The overall goal of the project is to provide developers and enterprise clients with access to the security of Bitcoin mixed with the programmability of Ethereum.

What Problems Does QTUM Attempt to Fix?

There are a ton of problems that the protocol helps to reduce in the market. One of the main issues the platform eliminates is the need to conduct hard forks. In the past, hard forks were required during major network upgrades such as changing the blocksize. A hard fork is a significant change that requires miners to upgrade their software or lose the ability to interact with the original chain.  The network’s modular design enables the network to make core alterations without this requirement.

Centralization

Qtum provides a reliable decentralized alternative to fiat currencies. The network is comprised of thousands of nodes distributed across six continents. Notably, the platform’s PoS network is one of the largest in the world. Its node count puts it firmly in third place behind only Bitcoin and Ethereum.

Benefits of QTUM

Qtum’s unique technical structure enables it to accomplish its goal of combining the security of Bitcoin with the flexibility of Ethereum’s smart contract. Specifically, the protocol uses the UTXO layout found in Bitcoin. It’s also open source. The community has carefully vetted Qtum’s smart contracts to ensure the network is secure and no funny business is going on in the background operations.

Developer Flexibility

Qtum helps to eliminate developer restrictions and barriers to onboarding. The platform supports programming in multiple virtual machines including EVM and ARM VM. Developers from platforms such as Ethereum can migrate their creations to the network and enjoy lower fees and a more responsive user experience with no need to reprogram.

Modularized

The Qtum development environment was built using a modulized approach. The developers went to great lengths to ensure the systems were compatible with the existing blockchain infrastructure. Additionally, the network is filled with development resources for building new blockchains and Dapp development on the next-gen blockchain.

Open Access

Qtum provides developers and users with open access to the decentralized economy. The network eliminates the gatekeepers and third parties from the equation. Anyone from around the world can join the platform and leverage its powerful tools and services. Notably, smart contracts provide fair and transparent access to all the network’s operations.

How Does QTUM Work

Qtum operates as a peer-to-peer network. It offers users access to business-friendly smart contract coding, deploying, and executing. At the core of its functionality is the QTUM blockchain. This next-generation blockchain provides scalability, high security, and the ability to alter specific blockchain settings using only smart contracts.

QRC20 and QRC721

Developers building using this system enjoy a standardized experience. The network introduces the QRC20 and QRC721 standards to the market. These standards are similar to their Ethereum predecessors but designed to live on the Qtum blockchain. Standardization improves innovation in projects and enables developers to combine their advancements.

Abstract Account Layer (AAL)

The Qtum ecosystem consists of an Abstract Account Layer (AAL). This layer is where Dapps and user creations live. The goal of this approach is to decouple applications from the core mechanics of the blockchain. This strategy enables more scalability.

Neutron and ARM Virtual Machine

The QTUM Neutron and Arm virtual machine is a dynamic run time environment. The system support Rust programming language. It simplifies Dapp development by making it easier to create and test smart contracts.

Consensus

Qtum is a Proof-of-Stake (PoS) blockchain. Network users can earn rewards by staking their tokens. Staking helps secure the network. PoS networks are far more energy-efficient than Proof-of-Work networks due to their technical structure. PoS networks eliminate power-hungry miners from the equation. Instead, anyone can earn rewards simply by locking their tokens into a network staking contract.

QTUM is the main utility token and cryptocurrency of the network. Users can send and receive QTUM globally. It’s used to pay network fees and execute smart contracts. You can also stake your QTUM and secure passive rewards. These rewards are also paid out in QTUM directly.

NFT

This month Qtum announced the start of an NFT test program. The goal of the pilot is to provide insight into Qtum NFTs (non-fungible tokens). The system introduces some cool features to the web wallet. For example, you can create Qtum NFTs in minutes using the wallet interface and the new QRC1155 protocol.

Adding support for NFTs is a major maneuver on the part of Qtum’s development team. NFTs are one of the fastest-growing sectors in the cryptocurrency market. There were billions in NFTs bought and sold so far this year. Notably, the most expensive NFT sold to date was an art NFT created by the artist Beeple. The artwork was a digital drawing of the ex-president lying in the grass with graffiti on his body. The NFT sold for over $60 million.

Decentralized Governance Protocol (DGP)

Qtum stays true to its DeFi roots via a community governance mechanism. This system enables token holders to vote on vital upgrades and changes to the network’s services and features. Users can submit proposals on these matters that go before a community vote. Projects that receive community approval automatically gain access to the community vault funding.

Qtum (QTUM) is available on the following exchanges:

Kraken – This is the best exchange for USA residents.

Binance – Best for Australia, Canada, Singapore, UK, and most of the world. USA residents are prohibited from buying most tokens. Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

Gate.io – This exchange accepts USA residents.

– Adding More Flexibility to the Market

Qtum is a perfect example of how the smart contract blockchain wars continue to heat up. The network provides more flexibility and programmability than Ethereum combined with Bitcoin’s security strategy. Additionally, the network’s fee structure is lower than most competitors. These benefits clearly demonstrate how Qtum empowers developers to make next-generation Dapps and more.

QTUM crypto price is currently seeing a consolidated trend but can soon jump above $20 in the future. QTUM price is up by more than 4% and is currently trading near the value of $13.. The asset has an ROI of more than 77% which can soon cross above 100% soon. It is looking for a major breakout in the upcoming days. It is currently looking to break out for the new high in the future. One can forecast that the QTUM price may soon attain a new high with the breakout in BTC.

QTUM token market dominance along with the market cap has observed a speedy recovery in the past few days. The volume of the coin has seen a decline of 24% in the last 24 hours. Volume to market cap ratio of the QTUM hints towards a strong bull momentum for the future. One can invest in the coin as per their risk adversity and price action scenario.

The weekly technical chart of the QTUM hints towards a strong upside trend for the future. On coming to the daily chart, it is observing a consolidated momentum. The hostile region of QTUM while going up can be seen near $20. Meanwhile, the support of the asset price can be observed near $10 The asset price is currently trading above the 100 and 50 Daily moving average. The 50MA line is near $9.5 making it a temporary bounceback region for the price. If the coin jumps 15 to 20% above the current level then a strong upside momentum can be observed. QTUM/BTC pair can also see a strong upside trend in the upcoming days.

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QTUM coin price is seeing a bullish momentum on the daily chart which can soon lead it to a new high. The QTUM/BTC pair can also observe a strong upside momentum in the upcoming days. One should do their due diligence before investing in the coin.

RelatedPostsBinance Price Analysis: The BNB Coin Price Approaching A Crucial Resistance Of $500 October 18, 2021Zcash Price Analysis: ZEC Coin Price Reclaimed The 200-day EMA Line October 18, 2021Technical Levels

Major Resistance: $20 Major Support: $10

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Qtum crypto price market dominance along with the market cap has seen a decline in the past few weeks. The coin price has to cover more than 87% to break its all time high. The volume to market cap ratio of the QTUM hints towards a strong upside momentum in price.Why To Invest In QTUM Crypto?

QTUM crypto price is currently seeing a weak upside trend which has less momentum. QTUM coin price is currently trading near the value of $13 and has seen a gain of more than 0.8% in the past 24 hours. The platform is a general purpose network  which aims to remove four major  issues its founders found most problematic in BTC and ETH blockchain platforms: interoperability, governance, rigidity and costliness of proof-of-work mechanism and difficulty of connecting smart contracts with real life applications. One can invest in QTUM according to their needs and price action scenario.

The weekly technical chart of QTUM suggests a weak bearish momentum in price for the future. On coming to the daily chart the QTUM price is currently trading above 50 and 100 Daily Moving Average, with a positive crossover in the past. The 50MA  line is at $12.7, making it a temporary support region for the price. Resistance of the QTUM while going upwards can see  a resistance near $20. While moving downside, the coin price might see a support zone near the value of $10.. If the price goes  10% above the current price then a strong uptrend  till $20 can be seen. QTUM/BTC pair can also observe a new high in future. One can forecast a strong upside trend in upcoming days.

ADVERTISEMENTConclusion

QTUM coin  price is currently seeing a consolidated momentum but can soon revert to a new high. QTUM/BTC pair is also seeing a weak momentum and can soon see a new high .

RelatedPostsBinance Price Analysis: The BNB Coin Price Approaching A Crucial Resistance Of $500 October 18, 2021Zcash Price Analysis: ZEC Coin Price Reclaimed The 200-day EMA Line October 18, 2021Technical Levels

Major Support:$12

Major Resistance:$22

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Qtum (QTUM-USD) Cryptocurrency is currently on bearish momentum by 17.16% in the last 24 hours. At 07:13 EST on Monday, 17 May, Qtum (QTUM-USD) is at $17.84.

About Qtum’s daily highs and lows, it’s 7.53% up from its trailing 24 hours low of $16.59 and 17.22% down from its trailing 24 hours high of $21.55.

Currently, Qtum (QTUM-USD) has 242177 Twitter followers and 16578 Reddit subscribers.

As of now, on Github, there are 347 forks, 1102 stars, and 196 subscribers.

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Qtum’s crypto is considered to be overbought (>=80).

Elon Musk just reopened an old wound in the Bitcoin world. According to Bloomberg Quint on Sunday, 16 May, "But a statement he made on Saturday night about Dogecoin really picked open an old Bitcoin scab.", "Then last week, Tesla announced that it would no longer accept Bitcoin as a payment becauseto energy consumption, making the heel-turn complete."

Musk implies Tesla May sell or has sold Bitcoin holdings. According to Bloomberg Quint on Sunday, 16 May, "Elon Musk implied in a Twitter exchange on Sunday that Tesla Inc. may sell or has sold its Bitcoin holdings.", "On May 12, Musk tweeted that while the company was suspending Bitcoin for car purchases, it wouldn’t be selling any Bitcoin."

Bitcoin crashes to $42,000 after Elon Musk tweet-storm – but rebounds after he clarifies Tesla hasn't sold its holdings. According to Business Insider on Monday, 17 May, "A single coal mine in Xinjiang flooded, almost killing miners, and Bitcoin hash rate dropped 35%. "

Jack dorsey says Bitcoin changes everything ‘for the better’. According to Bloomberg Quint on Friday, 14 May, "Square Inc. Chief Executive Officer Jack Dorsey said Friday that the payment processing company would "forever work" to make Bitcoin better.", "Financial News had earlier cited Ahuja as saying that Square has has halted its Bitcoin purchases after a $20 million loss in the coin last quarter."

More news about Qtum (QTUM-USD).

Want to jump straight to the answer? You can buy QTUM on Robinhood, Kraken and Voyager.

Bitcoin (BTC) and Ethereum (ETH) are the two largest cryptocurrencies on the market — BTC’s market cap surpassing $1 trillion and ETH’s surpassing $300 billion in the last month. But Bitcoin and Ethereum have very distinct goals: Bitcoin is a store of value akin to digital gold, while Ethereum is a development platform that’s been compared to digital gasoline or oil.

Bitcoin’s beauty comes from its simplicity while Ethereum has an endless range of possible projects that can be adapted to its platform.

Here’s a thought — what if you combined the functionality of Ethereum with the security of Bitcoin? You might come up with something like Qtum, the open-sourced blockchain that promotes itself as a modifiable, decentralized application platform with unique advantages that neither Bitcoin or Ethereum can claim.

Qtum is a decentralized application network that uses proof of stake (PoS) to enable smart contracts to be built on top of its blockchain. However, the core of the network is run similar to Bitcoin’s model for transactions. Think of Qtum as a multi-layered cake, with Bitcoin’s transaction prowess on the bottom and Ethereum’s virtual app-building playground on top.

Like Ethereum, any number of projects and systems can be built on top of the Qtum blockchain, for which miners are paid in Qtum for approving blocks. The supply of Qtum is finite like Bitcoin and the blockchain is more secure thanks to the dual-natured technology connected by the Abstract Account Layer (AAL).

The Qtum project began in 2016 as developers sought to build a platform that could incorporate the security and seamlessness of BTC transactions onto an Ethereum-type network without exorbitant power usage.

The result was Qtum, which is pronounced Quantum. Qtum basically broke down and rewrote Bitcoin’s code to enable the unspent transaction output (UTXO) system to function on a blockchain similar to Ethereum.

UTXO is how the network measures how much Bitcoin is in outstanding wallets. UTXOs are unique to each individual user. Qtum uses UTXOs as the base layer of its network, unlike Ethereum, which uses an account-based chain to keep a tally of its tokens.

Qtum claims the 3rd largest node network in the world behind Bitcoin and Ethereum with nodes on every continent except Antarctica. Qtum uses the abstract account layer (AAL) to link the underlying UTXO system with the Ethereum virtual machine (EVM) or x86 virtual machine. The AAL acts like a translator, enabling Qtum developers to utilize the best aspects of the networks behind both Bitcoin and Ethereum.

QTUM is readily available for purchase at several different exchanges, but the traditional U.S. ones like Coinbase and Gemini don’t have it available. You’ll need to use Crypto.com, Kraken, Binance or Bitfinex to purchase QTUM.

Opening an account with cryptocurrency brokers like Coinbase and Gemini is swift and easy, but unfortunately, you won’t find Qtum among their list of tradable assets. To trade QTUM, you’ll need to use an exchange that has it listed — Kraken, Crypto.com and Binance.US are the best choices for American traders. 

However, while these exchanges are reputable and safe, they are headquartered outside of the U.S., which means the signup process is a little more invasive, and you could wind up paying international transaction fees on top of commissions and miner fees. Offshore exchanges do have benefits though, such as more available assets to trade and better staking rates.

Kraken is a cryptocurrency that offers access to more than 50 supported coins and tokens, staking capabilities, futures trading and more. Kraken offers a variable maker-taker fee schedule, which often results in lower fees compared to flat-rate brokerages.

In addition to a wide range of crypto choices, Kraken offers customizable ordering platforms and mobile apps that you can use to fully refine your trading experience. There’s plenty to love about trading on Kraken. It appeals to both seasoned professionals and new investors looking to learn more about the market.

Voyager is a leading name in the sphere of cryptocurrency investing, giving you access to over 50 tokens and coins. Buy, sell and swap assets using Voyager Crypto’s simple mobile platform available as a free download for iOS and Android users. 

When you invest through Voyager, you’ll pay nothing in commissions, which is a major benefit when compared to other cryptocurrency brokers. Voyager is also one of the only brokers we’ve seen that allows users to earn interest on their crypto investments. 

Though the broker could do more to improve its customer service, it’s an excellent option for beginner investors and seasoned professionals alike.

A wallet is a secure place to store your digital assets, such as cryptocurrencies and nonfungible tokens (NFTs). Wallets are separate from your brokerage or exchange account and less susceptible to hackers. You don’t need a wallet to buy and sell cryptocurrencies, but it is a convenient (and safe) way to keep your investments in one place. Crypto investors have two different types of wallets to choose from:

The Ledger series of cold wallets is one of the most trusted names in the crypto industry. Ledger hardware wallets can be used by a large swath of different digital assets, including hard-to-locate coins like Qtum and Nano. The Ledger Nano X is the newest innovation from the company and the best if you’re looking for cold storage.

Qtum has its own software wallet that allows easy transfer of your tokens across mobile and desktop applications. Despite the simple interface, you’ll only be using it to store your QTUM. If you want a more diverse wallet, use Trust Wallet for iOS or Android, which can store cryptocurrency and NFTs.

Once you’ve opened an account with an exchange where Qtum is available, you’ll need to fund your account and make your investment. When using exchanges like Kraken and Crypto.com, you’ll need to wait a little longer for your funds to be accessible and you’ll need to be wary of international fees. Make sure you understand all the extra costs so you can properly calculate your returns.

After buying QTUM, you’ll have three options: hold it, sell it, or convert it to a different cryptocurrency. Selling and converting QTUM will come with various fees and commissions. If you want to convert a different crypto like BTC or ETH into QTUM, make sure you understand any associated exchange fees. 

Selling QTUM for U.S. dollars will create a taxable event, which could create complications if you’re using an international-based exchange. Yes, not only do you need to deal with international fees, but also international tax considerations.

The cryptocurrency market is a volatile and unpredictable one, plus it trades 24/7. You’ll need to keep a closer eye on your crypto investments than your typical stocks or bonds. Here are today’s crypto prices:

Qtum has potential because it combines some of the best elements from the two mainstay cryptocurrencies into a single digital platform. And it’s true that Qtum can perform some tasks that neither Bitcoin or Ethereum can match. But it’s still early in the game for Qtum, which is both exciting and nerve-wracking. 

On one hand, this could be a ground-floor type opportunity for investors to get in early on the next big cryptocurrency. On the other hand, many promising coins have failed to grasp market attention and simply faded away into oblivion. Cautious optimism isn’t a bad mantra to take if you want to buy QTUM.

Decentralization is one of the core tenets or value propositions of blockchain or distributed ledger technology (DLT).

As explained in a blog post by Qtum (QTUM), decentralization is the process by which the “governance activities of an organization are distributed or delegated away from a centralized body.”

As noted by Qtum, the term “cypherpunk” was introduced back in 1980 by writer Bruce Bethke. As mentioned in the blog post, cypherpunk is an individual that “believes that the path to societal and political change lies in the use of strong cryptography and privacy-enhancing technologies.”

In particular, the cypherpunks have been “against censorship and monitoring from the government and police,” the team at Qtum explains.

In his CypherPunk Manifesto of 1993, Eric Hughes had noted that “if privacy is given from a stronger body to a weaker subject, it is no longer an inviolable right. It is something that is merely given and is, therefore, something that can be taken back.”

This is why the cypherpunk movement was “a major proponent of using anonymous and decentralized currency systems free from state interference,” the Qtum team added.

Before Bitcoin (BTC), there were several iterations of virtual currencies, the update confirmed while adding that the truly significant ones were Wei Dai’s B-Money, Nick Szabo’s Bit Gold, and Hashcash. But none of these initiatives solved one of the “core principles of a decentralized ecosystem,” the blog post explained.

For instance, how can we ensure that the system will “work accurately even if many nodes in the network turn malicious or perform sub-optimally?”

This problem is referred to as the “Byzantine Generals’ Problem.”

Qtum notes:

“An army has surrounded the enemy’s castle. The castle is very well-fortified, and it will require a coordinated attack from the army to take it down. However, some of the generals are corrupt. They plan on retreating instead of attacking to make sure that the castle defeats the army. Now, how will the army make sure that it succeeds in attacking despite these malicious elements?”

This is the Byzantine Generals’ Problem. In a decentralized currency network, “not solving this problem could lead to an event known as “double-spending.” Double-spending is “a flaw in a digital cash system wherein the same token can be spent more than once,” the blog noted.

So, how did Satoshi Nakamoto solve this problem for Bitcoin? The answer… proof-of-work, the Qtum team notes.

Proof-of-Work And The Road To Decentralization

Proof-of-Work (PoW) is “a class of consensus algorithms called ‘Nakamoto Consensus.'”

The core principle behind Nakamoto Consensus is this — participants “should lose something of value if they choose to act against the system’s interest,” the team at Qtum explains.

In order to understand this, let’s see how PoW, also called mining, works.

People from all over the world can be miners as long as they have the proper mining equipment or are part of a pool.The miners use their computing resources to solve cryptographically challenging puzzles continuously.The moment a miner successfully solves the puzzle, they get to add their block to the blockchain.

The main thing to note here is that “solving these puzzles is extremely work-intensive and requires a lot of resource wastage,” Qtum added. Now, if a malicious miner plans to mine their blocks and fork the chain, they will “need to waste a lot of resources, which could be out of their financial means,” the blog post noted.

As such, the Nakamoto consensus mechanism “ensures that a decentralized system works in a decentralized manner without depending on the goodwill of the participants,” the Qtum team noted.

The “Shortcomings” Of PoW

Although PoW is really secure and field-tested, its main shortcoming is that it “prioritizes liveness and security over speed.”

According to Qtum, this is fine if you are “operating a small network.” But if you are changing the paradigm of the global economic system, “it’s not quite good enough.” The fact that Bitcoin can do just 7–10 transactions per second and Ethereum can do only 15–25 “isn’t good enough for a global monetary system,” the blog post noted.

The Qtum team added:

“In 2017, during the ICO craze, scalability became all the rage. During that time we saw the rise of several projects, who preferred to prioritize speed by centralizing their blockchain.”

The “core mechanism behind their consensus algorithms” looked something like this:

Instead of the entire network participating in the consensus, the network chooses/elects certain leaders or delegates.These delegates are responsible for the consensus process.Since the number of nodes involved in consensus is lower, it’s much faster than the traditional Nakamoto consensus. However, we have a major centralization issue with this approach.

The Centralization Problems With Modern Chains

The Litmus Test: Is Your Chain Centralized?

“If the number of delegates is too small, it will be possible for them to form a cabal and act in their own personal interest.”Test #2: Do newcomers have any chance of making a significant impact? Have the early investors in your protocol accumulated so many coins that they have an unfair advantage over newcomers? For example, “are newcomers excluded from validating transactions because no one voted for you or because you don’t own any coins? This could be highly problematic since early investors will always vote for newer proposals and general governance.”Test #3: How much power does the core team have? Is the core team still capable of executing major protocol decisions? Can they seemingly switch the protocol on and off on a whim? “If yes, then your network is still centralized.”

What Do You Prefer? Speed Or Decentralization?

As noted by Qtum, more centralized consensus algorithms do have “very attractive stats.”

Who wouldn’t want to run a network which can do hundreds and thousands of transactions per second? But increasing speed, modern systems have “compromised their decentralization,” the blog post explained.

In that case, can you really “call yourself a decentralized payment system if you are willing to sacrifice one of its core tenets?” If speed is the only criterion, then “the Visa network is very fast, but with significant centralization baggage,” the Qtum team writes in their blog post.

As noted in the blog, Qtum, Ethereum, Bitcoin are “some of the handful of protocols that are still fully decentralized.”

As mentioned in the blog post:

“Qtum’s unique ability to adjust blockchain parameters without a hard fork allows scaling to take place as the situation requires. For example, the native blockchain is capable of handling up to ~1100 transactions per second. Segregated Witness can theoretically expand this by 60%, bringing the native total to around 1600.”

They added:

“This is a tad deceiving, as every transaction would have to make use of SegWit, but it’s possible. At the time of this writing, it’s about USD $0.06 to send a Qtum transaction, so it’s not likely to get out of hand to the point where transactions cost hundreds of dollars anytime soon.”

If this were to occur, Qtum has implemented “Lightning Network”, a second layer scaling solution, the developers confirmed.

Their website states:

“Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. Attaching payment per action/click is now possible without custodians.” Lightning Network”

Although our implementation of Lightning might not be as established as Bitcoin’s, the foundation is there if needed, Qtum noted.

They concluded:

“Centralization of a blockchain is simply not required in order to achieve a high throughput. Projects can retain censorship resistance and community governance in a trustless state while providing the speed necessary to build the future of finance.”

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QTUM, token trading under the radar since the bear market of 2018, has finally picked up the pace after battling the resistance of $10.16. QTUM is now exploring new highs, as suggested by today’s trading session, where the token witnessed an epic rally of 30%. The daily RSI has entered the overbought zone, which might act as confrontation in cutting this bull rally short for the time being. The critical level to watch is $15.59 on account of it being flipped as support from resistance. The price action on the daily chart demonstrates the possibility of a potential rising wedge pattern. 

QTUM traded at around $5.54 when it was first launched in late 2017. For the next nine months, the token projected consolidation where it traded within the rangebound territory of $6 to $17. The crypto bull run of 2017 dragged QTUM to skyrocket from $17 to $85 in the span of three weeks. In march 2018 the token plunged down to its original price and started trading sideways for the next two years. However, this year QTUM has shown a massive recovery of 586%, thus stating that it does have to potential to soar to its former highs. Having said that, this recovery will be accompanied by a steady momentum. 

When we dive into the QTUM tokenomics, the altcoin has a circulating supply of 92%. What that means is that this cryptocurrency will not face inflation and if anything, over time, as it becomes all the more scarce, it is likely to face quantitative hardening, which we’ve seen in Bitcoin and other cryptocurrencies.

QTUM is a project that blends the UTXO model of Bitcoin with the Ethereum virtual machine to create a new Cryptocurrency EVM. The project is now developing a new virtual machine that will enable developers to write smart contracts that can be used with EVMs. QTUM’s main goal is to incorporate blockchain technology into various sectors such as banking, social networking, gambling, and online publishing. As a result, QTUM’s developers wanted to build a network that is both scalable and simple to use. 

SUPPORT : $10.16, $15.59

RESISTANCE : $23, $33

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In this article, BeInCrypto will take a look at ten cryptocurrencies that have interesting developments lined up for the month of November. These developments could potentially have a positive effect on their price.

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SponsoredBinance Coin (BNB)Current Price: $645.84Market Cap: $107 BillionMarket Cap Rank: #3

BNB is the native token of Binance, one the most popular cryptocurrency exchanges in the world. It serves to pay transaction fees at a lower cost.

BNB implemented its Hard Fork called “Bruno” on the last day of November. It introduced a new burning mechanism and sped up the node synchronization process.

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BNB is following a descending resistance line, and has been doing so since reaching an all-time high price on May 10. It is currently making its fifth breakout attempt. 

If successful, the next resistance areas above the all-time high would be at $822 and $985.

Lisk (LSK)Current Price: $3.65Market Cap: $471 MillionMarket Cap Rank: #162

Lisk is a blockchain platform that focuses on application creation. It allows developers to build their own applications. The platform is creating an ecosystem of blockchain applications that can interact with each other. So far, numerous applications have been built on the platform.

An interactive event that will announce new developments will be held on Dec 2. The event is called “Amplifire”.

LSK has been gradually moving upwards while following an ascending support line since Aug. It has bounced on this line twice (green icons), on Sept 29 and Nov 19. 

Once it manages to break out from the $3.80 resistance area, it is likely to increase at an accelerated rate.

(QTUM)Current Price: $16.02Market Cap: $1.584 BillionMarket Cap Rank: #81

QTUM is an open-source blockchain platform. Its goal is to combine the individual strength of Bitcoin and Ethereum into one. Therefore, it uses the Unspent Transaction Output (UTXO) model from BTC, while adding smart contracts and decentralized applications.

The first QTUM halving will transpire on Dec 1. Halvenings have often had a positive effect on a token’s price.

QTUM has bounced at the $14 horizontal support area (green icon). The area previously acted as resistance, and has now turned to support. Currently, the token is attempting to break out from a descending parallel channel. 

If successful, it could increase towards the next resistance area at $22.

Chainlink (LINK)Current Price: $26.57Market Cap: $12.4 BillionMarket Cap Rank: #20

Chainlink is a platform that enables secure interaction for different blockchains. This is done through the decentralized Oracle network.  Furthermore, participants can run their own nodes in the network.

Bitflier, the number one exchange by volume in Japan will list Chainlink in December 2021.

However, LINK has broken down from an ascending support line, and fell to the $22.1 horizontal support area on Nov 28, where it initiated the current bounce.

AlienWorlds (TLM)Current Price: $0.42Market Cap: $386 MillionMarket Cap Rank: #265

Alien Worlds is a decentralized game, where players compete in an economy with scarce resources. It is a play-to-earn non-fungible token (NFT) game. The native token is TLM, which is used as an in-game currency.

The launch of land packs, a new feature in the game, will occur on Dec 4.

TLM broke from the $0.37 horizontal area on Nov 23, and returned to validated it as support (green icon) two days later. Previously, the resistance had held since late July. 

If the token continues to increase, the next resistance would be at $0.76.

Stacks (STX)Current Price: $2.79Market Cap: $3.59 BillionMarket Cap Rank: #52

Stacks is a project that aims to bring Dapps and smart contracts into BTC. The platform uses STX as its native token. STX is needed in order to execute smart contracts.

The SIP – 012 main net upgrade will be deployed on block 713,000 on Dec 6.

STX reached a new all-time high price of $3.25 on Dec 1. While it has been decreasing since, it is potentially initiating a bounce at the $2.50 horizontal support area (green icon). 

This is the previous all-time high resistance area and coincides with the previous descending resistance line.

Vertcoin (VTC)Current Price: $0.58Market Cap: $36.8 MillionMarket Cap Rank: #737

Vertcoin is a cryptocurrency created in 2014, and uses a proof-of-work mechanism. This means that tokens are created through mining. VTC will undergo its halving on Dec 8. Therefore, mining rewards will be cut in half, in what can be seen as a deflationary measure.

While VTC has been following an ascending support line since June 22, it has yet to initiate any type of significant upward movement. The main resistance area is at $0.75.

Stellar (XLM)Current Price : $0.33Market Cap: $8.13 BillionMarket Cap Rank: #25

XLM is the native token for the Stellar foundation. It was created in June 2016, by one of the founders of the Ripple protocol, Jed Mcaleb.

The aim of the foundation is to provide financial services to underdeveloped territories which lack financial institutions.

On Dec 15, XLM holders will receive an airdrop for AQUA token.

XLM has been increasing alongside an ascending support line since July 20. More recently, it bounced at the line on Nov 28 (green icon). 

If it continues to increase, the closest resistance area would be at $0.42. The token has not traded above this level since May.

DOCK (DOCK)Current Price: $0.09Market Cap: $66.6 MillionMarket Cap Rank: #579

Dock is a platform that enables businesses and developers to build and manage their digital credentials, which are verified with blockchain technology. The native token for the platform is DOCK, which is used for payment mechanisms.

In December, exchange based staking will be available on Huobi, Binance and the KuCoin exchange.

DOCK has also been increasing alongside an ascending support line since the end of May. More recently, it bounced at the line on Nov 19. 

The main resistance area is at $0.115. Once it breaks out, DOCK could increase towards a new all-time high price.

Reserve Rights (RSR)Current Price: $0.049Market Cap: $648 MillionMarket Cap Rank: #146

Reserve rights is a stablecoin platform that uses two tokens: Reserve Stablecoin (RSV) and Reserve Rights (RSR). The latter is used to keep the price of the former stable. Therefore, unlike regular stablecoins that are often backed by the U.S. dollar, Reserve stablecoins are backed by other cryptocurrencies.

The full Reserve protocol main net will launch prior to Dec 31.

On Nov 29, RSR broke out from a descending resistance line, which had been in place since Aug. This confirmed that the correction is complete. 

The token is currently attempting to break out from the $0.056 resistance area. Once it does, the rate of increase is expected to accelerate.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. SponsoredShare ArticleRelated topicsValdrin Tahiri

Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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Qtum Chain Foundation, the blockchain platform, is launching a new Venture Capital fund that will be headquartered in its home office, in Stockholm, Sweden. It is called Qtum VC group and is designed to offer both funding and ideas to early-stage blockchain projects.

The Director of the group, Antonio Saaranen, commented:

“Our initial pledge for the fund will be $10M, and we’re open to partnering up with similar entities in the crypto space. We will have a blockchain agnostic approach in this fund and are willing to work with any projects that wish to contribute to the blockchain ecosystem as a whole. With this venture capital group, Qtum can take advantage of our team’s deep experience in blockchain and, at the same time, help aspiring projects hit the ground running and come to the market.”

Qtum has been very successful in the blockchain sector and is likely to continue to grow its presence globally. Some of the areas that Qtum VC is interested in supporting are green applications for blockchain, NFTs, and decentralized finance (DeFi). It will also look at layer 0 and layer 2 projects.

Many of the ideas that can help blockchain grow into an industry-standard technology have already been shown to be 100% viable in the real world. As blockchain solutions are developed further, many more small companies will adapt existing use cases to new markets.

Green energy is an especially interesting area that blockchain companies been successful in developing game-changing platforms. Power Ledger has developed technology that makes keeping track of small and medium-scale solar generation output easy, which completely changes the dynamics of a solar-based energy grid.

This technology can be adapted to other markets and other use cases.

From a technical perspective, it doesn’t really matter if a blockchain is keeping track of solar power or some other form of small-scale generation. The cost of developing platforms like the one Power Ledger has isn’t prohibitive, especially if it means more efficient use of a valuable resource.

There are, of course, many other ways that blockchain can be used in green technology, which is only one of the sectors that Qtum VC will likely support.

A number of high-profile VC funds are entering the blockchain space. A16z is reportedly dedicating $1 billion to a new blockchain fund, and longstanding blockchain investor Pantera Capital is looking for another $600 million for a new fund that will be blockchain specific.

It isn’t difficult to see why intelligent investors are entering the blockchain VC space. Blockchain technology now has numerous successful rollouts and a robust global development environment.

The simple fact is that blockchain platforms create ways for new technology to be effective commercially, and also create ways for people to take full advantage of the global IT network.

In the case of DeFi, blockchain actually allows people to enter the financial system, and with blockchains like Qtum’s, avoid some of the pitfalls that both Bitcoin and Ethereum have fallen into.

While Bitcoin was an amazing first use of Blockchain, the Proof-of-Work (PoW) system it uses is a serious drawback. Unlike Bitcoin, Qtum uses a Proof-of-Stake (PoS) architecture, which means much lower costs, and higher speeds.

Now Qtum can take the lessons it learned in creating its blockchain, and help other companies to enter the market with well-developed ideas, and a solid footing.

There are many ways that blockchain-based systems can help make the world better, and with the kind of funding that is hitting the blockchain VC market, some great ideas will get the support they need.

Despite the benchmark S&P 500 more than doubling up its average annual total return in 2021, relative to the past four decades, it's the cryptocurrency market that again stole the show.

As of the time of this writing on Dec. 28, the aggregate value of all digital currencies was $2.25 trillion, according to CoinMarketCap.com. That's up a cool 191% from the beginning of 2021. Thanks to the consistent outperformance of the "Big Two" -- Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) -- cryptocurrency investors are probably wealthier now than they were at this time last year.

And yet, in spite of extreme periods of volatility, opportunity is still knocking for investors to make money -- assuming they stick to digital currency projects that offer differentiation and competitive advantages.

As we steam forward into a new year, here are seven cryptocurrencies that have the potential to triple your money in 2022.

Image source: Getty Images.

1. Avalanche

Among the largest cryptocurrencies by market cap, the one that excites me the most and has a realistic chance of tripling in value this year is Avalanche (CRYPTO:AVAX).

Avalanche is a smart contract-driven blockchain network that offers incredible speed and compatibility, which makes it a logical choice with which to develop decentralized applications (dApps). Smart contracts are the protocol that help with verifying, facilitating, and enforcing the negotiation of a contract between two parties.

According to Avalanche's development team, the blockchain-based network can process north of 4,500 transactions per second (TPS), and it offers a block finality of less than two seconds. To put this into context, the two most popular blockchain networks, Bitcoin and Ethereum, can handle a respective 7 and 13 TPS, and they complete transactions in approximately 60 minutes and six minutes. That's how much more efficient Avalanche is than the most popular cryptocurrencies.

But the real lure is the aforementioned compatibility. It's no secret that dApp developers love utilizing the Ethereum Virtual Machine (i.e., the software that allows developers to create dApps on Ethereum). Avalanche has the Ethereum Virtual Machine operating on its blockchain. This means dApp developers have the opportunity to avoid the congestion, high fees, and processing lag associated with Ethereum's blockchain and migrate their projects to Avalanche's superior network. This should be a major selling point for Avalanche in 2022.

Image source: Getty Images.

2. Qtum

If you want something a bit more off the radar, Qtum (CRYPTO:QTUM) (pronounced "Quantum") is the cryptocurrency that could triple your money in 2022.

It's relatively obvious, based on their market value dominance, that Bitcoin and Ethereum are loved by investors. However, these networks have their drawbacks. They're slow, congested, and often come with high transaction fees attached.

Enter Qtum, which aims to combine the best aspects of both networks into a single blockchain project.

Qtum's blockchain incorporates the highly secure UTXO transaction model from Bitcoin and combines it with the Ethereum Virtual Machine. The result is a secure network that can support smart contracts. In other words, Qtum can be used for sending payments, or could be a hub for dApp development, including decentralized finance (DeFi) applications. With low transaction fees and the ability to process 70 TPS, it's another smart option for dApp developers. 

What's more, Qtum's Account Abstraction Layer (AAL) provides differentiation from other platforms. Without getting overly technical, AAL is the component that allows Qtum's engineers to continuously upgrade the smart contract component of the blockchain while always ensuring that, no matter how many upgrades are rolled out, it'll remain compatible with the UTXO transaction model.

With a handful of key partnerships under its belt, Qtum is a solid bet to outperform.

A physical representation of a Stellar Lumen. Image source: Getty Images.

3. Stellar

I'll be the first to say it: Aside from Bitcoin, payment coin-based networks don't get a lot of love in the crypto space. But if there's one that should, it's Stellar (CRYPTO:XLM), the 27th-largest digital currency by market value.

Imagine you have U.S. dollars in your pocket and you want to send money to a friend or family member in the U.K. Going through traditional banking routes, today's existing infrastructure could take a full week to validate and settle this transaction.

Comparatively, if you were utilizing Stellar's blockchain-based network, your U.S. dollars would be converted into Lumens (XLM, the protocol token of the network), sent to their destination, and converted to British pounds. The time to complete this transaction? About 4 to 5 seconds. That's hitting the send button, validation, and settlement faster than most people can walk to their fridge. And Stellar can handle up to 3,000 TPS, per developers, which blows most blockchain-based networks out of the water.

What Stellar offers is also incredibly cost-effective. The average transaction fee on Stellar's network is 0.00001 XLM. Based on a recent price of $0.274 per Lumen, we're talking about more than 364,000 transactions before a user would even rack up $1 in fees. Compare that to traditional banking fees or even Bitcoin, which regularly sports an average transaction fee of $2 or higher. 

Considering that Stellar has a history of landing major partnerships, it's a project crypto investors should take seriously.

Image source: Getty Images.

4. Algorand

Another cryptocurrency that can triple you money in 2022 is Algorand (CRYPTO:ALGO), which slides in as the 22nd largest digital currency by market value.

One of the key themes of this list is competitive advantages. With Algorand, users are getting highly efficient execution and scalability. Based on recently updated data from Algorand, the network was processing at 1,162 TPS and offered a block finality of 4.36 seconds. This is more or less on par with Stellar.

Something that's unique about Algorand is the tweaking of the traditional proof-of-stake consensus mechanism. With Algorand's pure proof of stake (PPoS), holders of ALGO are randomly and secretly chosen to propose blocks and vote on proposals. The randomization associated with PPoS all but ensures that a small number of ALGO holders can't collude to disrupt the network.

But what makes Algorand so exciting is its emphasis on interoperability. The development team understands that countless unique blockchain projects are being developed, many of which may not be compatible with each other. Algorand is focused on bridging these gaps to make DeFi and dApps mainstream.

After quadrupling in 2021, Algorand has all the tools necessary to triple in 2022.

Image source: Getty Images.

5. Nano

If you thought Qtum was off the radar, let me introduce you to Nano (CRYPTO:NANO), which is the smallest digital currency on this list at a hair above a $500 million market value. Though it may be small, Nano could pack a punch for patient investors this year.

Like Stellar, Nano is a payment-network coin that's all about speed, scalability, and completely outdoing traditional payment infrastructure.

What separates Nano from the thousands of other payment coin projects is its blockchain network. Nano employs what's known as the block-lattice blockchain. This design allows each user to have their own blockchain, which they're free to add to. Since users have their own blockchain, they don't compete with other users to propose new blocks, or worry about gaining approval from anyone other than the sender and receiver of a payment. In short, Nano's network can scale very rapidly without adversely affecting the performance of the network.

Speaking of performance, Nano offers the fastest block finality on this list. According to its developers, the typical transaction is validated and settled in under one second. I repeat, under one second!

Additional differentiation is supported by Nano's Open Representative Voting (ORV) consensus mechanism. Without digging into the weeds, ORV is the key component that makes transactions fee-less on the network.

To summarize: Nano can complete cross-border transactions, for free, in under a second. That's what we call a competitive edge.

Image source: Getty Images.

6. Axie Infinity

There's arguably not a hotter trend in the cryptocurrency space right now than the metaverse. More specifically, investors are enamored with the prospects of decentralized, blockchain-based virtual worlds. Axie Infinity (CRYPTO:AXS) is currently leading that charge and could triple investors' money in 2022.

Axie has developed a play-to-earn game on the Ethereum blockchain that's been a big hit in recent months. Users collect, raise, breed, and battle monster-like figures known as Axies. To go to battle, a user needs a minimum of three Axies. As with traditional games, the winner of these battles receives experience points that can be used to improve their Axies.

While this all might sound pretty straightforward, Axie Infinity deviates from traditional gaming in one big way: ownership. If you download a game on an Xbox that allows you to modify characters or create your own virtual world, the rights to those characters still belong to the game developers. By comparison, if you raise an Axie, it becomes a non-fungible token (NFT). It can be used in game play or be monetized in a marketplace. In other words, gamers have full ownership of their creations with Axie, which is in stark contrast to what we've witnessed from decades of gaming.

Furthermore, Axie is generating some cold, hard green with its game. Data from TokenTerminal.com shows that Axie Infinity has brought in $1.24 billion in protocol dApp revenue over the trailing-90-day period. That trails only Ethereum ($4.98 billion) over this time frame. 

With increasing real-world usage, Axie Infinity could be a hot token in 2022.

Image source: Getty Images.

7. IOTA

The seventh and final cryptocurrency that can triple your money in 2022 is IOTA (CRYPTO:MIOTA). Once a top-10 digital currency by market cap in 2017, IOTA has dipped all the way to No. 42, per CoinMarketCap.com.

The key theme throughout this list is the idea that competitive advantages and differentiation are a necessity to stand out when there are more than 16,000 listed cryptocurrencies. IOTA, like the projects I described above, provides this differentiation.

The interesting thing about IOTA is that it's not blockchain-based. Rather, developers built what's known as the "Tangle" -- a direct acyclic graph (DAG) that requires new transactions to confirm at least two previous transactions. Imagine this interconnection of transactions propagating along a timeline and creating something like a tangled web (thus, the "Tangle").

Why the Tangle and not blockchain like seemingly every other project? The answer is that blockchain can be slowed down by the need to generate, vote on, and validate new blocks. Eliminating these hurdles with the Tangle means a faster, more scalable network that, like Nano, is fee-less.

IOTA has also made waves by landing a major partnership with Dell Technologies. This pact, known as Project Alvarium, will seek to analyze and log the trustworthiness of data before it's used by an application.

Long story short, forget about the brand-name coins and think a bit smaller and off the radar in 2022 if you want to potentially triple your money.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Stock AdvisorS&P 500637%148%Join Stock Advisor

Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list price is $199 per year.

Stock Advisor launched in February of 2002. Returns as of 01/01/2022.

Cumulative Growth of a $10,000 Investment in Stock AdvisorCalculated by Time-Weighted ReturnStocksAVAXAvalanche CRYPTO:AVAXBTCBitcoin CRYPTO:BTCETHEthereum CRYPTO:ETHXLMStellar CRYPTO:XLMNANONano CRYPTO:NANOALGOAlgorand CRYPTO:ALGOAXSAxie Infinity CRYPTO:AXSQTUMQuantum CRYPTO:QTUMMIOTAIOTA CRYPTO:MIOTA

Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles Prev12345NextGet Started Now

Despite the benchmark S&P 500 more than doubling up its average annual total return in 2021, relative to the past four decades, it's the cryptocurrency market that again stole the show.

As of the time of this writing on Dec. 28, the aggregate value of all digital currencies was $2.25 trillion, according to CoinMarketCap.com. That's up a cool 191% from the beginning of 2021. Thanks to the consistent outperformance of the "Big Two" -- Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) -- cryptocurrency investors are probably wealthier now than they were at this time last year.

And yet, in spite of extreme periods of volatility, opportunity is still knocking for investors to make money -- assuming they stick to digital currency projects that offer differentiation and competitive advantages.

As we steam forward into a new year, here are seven cryptocurrencies that have the potential to triple your money in 2022.

Image source: Getty Images.

1. Avalanche

Among the largest cryptocurrencies by market cap, the one that excites me the most and has a realistic chance of tripling in value this year is Avalanche (CRYPTO:AVAX).

Avalanche is a smart contract-driven blockchain network that offers incredible speed and compatibility, which makes it a logical choice with which to develop decentralized applications (dApps). Smart contracts are the protocol that help with verifying, facilitating, and enforcing the negotiation of a contract between two parties.

According to Avalanche's development team, the blockchain-based network can process north of 4,500 transactions per second (TPS), and it offers a block finality of less than two seconds. To put this into context, the two most popular blockchain networks, Bitcoin and Ethereum, can handle a respective 7 and 13 TPS, and they complete transactions in approximately 60 minutes and six minutes. That's how much more efficient Avalanche is than the most popular cryptocurrencies.

But the real lure is the aforementioned compatibility. It's no secret that dApp developers love utilizing the Ethereum Virtual Machine (i.e., the software that allows developers to create dApps on Ethereum). Avalanche has the Ethereum Virtual Machine operating on its blockchain. This means dApp developers have the opportunity to avoid the congestion, high fees, and processing lag associated with Ethereum's blockchain and migrate their projects to Avalanche's superior network. This should be a major selling point for Avalanche in 2022.

Image source: Getty Images.

2. Qtum

If you want something a bit more off the radar, Qtum (CRYPTO:QTUM) (pronounced "Quantum") is the cryptocurrency that could triple your money in 2022.

It's relatively obvious, based on their market value dominance, that Bitcoin and Ethereum are loved by investors. However, these networks have their drawbacks. They're slow, congested, and often come with high transaction fees attached.

Enter Qtum, which aims to combine the best aspects of both networks into a single blockchain project.

Qtum's blockchain incorporates the highly secure UTXO transaction model from Bitcoin and combines it with the Ethereum Virtual Machine. The result is a secure network that can support smart contracts. In other words, Qtum can be used for sending payments, or could be a hub for dApp development, including decentralized finance (DeFi) applications. With low transaction fees and the ability to process 70 TPS, it's another smart option for dApp developers. 

What's more, Qtum's Account Abstraction Layer (AAL) provides differentiation from other platforms. Without getting overly technical, AAL is the component that allows Qtum's engineers to continuously upgrade the smart contract component of the blockchain while always ensuring that, no matter how many upgrades are rolled out, it'll remain compatible with the UTXO transaction model.

With a handful of key partnerships under its belt, Qtum is a solid bet to outperform.

A physical representation of a Stellar Lumen. Image source: Getty Images.

3. Stellar

I'll be the first to say it: Aside from Bitcoin, payment coin-based networks don't get a lot of love in the crypto space. But if there's one that should, it's Stellar (CRYPTO:XLM), the 27th-largest digital currency by market value.

Imagine you have U.S. dollars in your pocket and you want to send money to a friend or family member in the U.K. Going through traditional banking routes, today's existing infrastructure could take a full week to validate and settle this transaction.

Comparatively, if you were utilizing Stellar's blockchain-based network, your U.S. dollars would be converted into Lumens (XLM, the protocol token of the network), sent to their destination, and converted to British pounds. The time to complete this transaction? About 4 to 5 seconds. That's hitting the send button, validation, and settlement faster than most people can walk to their fridge. And Stellar can handle up to 3,000 TPS, per developers, which blows most blockchain-based networks out of the water.

What Stellar offers is also incredibly cost-effective. The average transaction fee on Stellar's network is 0.00001 XLM. Based on a recent price of $0.274 per Lumen, we're talking about more than 364,000 transactions before a user would even rack up $1 in fees. Compare that to traditional banking fees or even Bitcoin, which regularly sports an average transaction fee of $2 or higher. 

Considering that Stellar has a history of landing major partnerships, it's a project crypto investors should take seriously.

Image source: Getty Images.

4. Algorand

Another cryptocurrency that can triple you money in 2022 is Algorand (CRYPTO:ALGO), which slides in as the 22nd largest digital currency by market value.

One of the key themes of this list is competitive advantages. With Algorand, users are getting highly efficient execution and scalability. Based on recently updated data from Algorand, the network was processing at 1,162 TPS and offered a block finality of 4.36 seconds. This is more or less on par with Stellar.

Something that's unique about Algorand is the tweaking of the traditional proof-of-stake consensus mechanism. With Algorand's pure proof of stake (PPoS), holders of ALGO are randomly and secretly chosen to propose blocks and vote on proposals. The randomization associated with PPoS all but ensures that a small number of ALGO holders can't collude to disrupt the network.

But what makes Algorand so exciting is its emphasis on interoperability. The development team understands that countless unique blockchain projects are being developed, many of which may not be compatible with each other. Algorand is focused on bridging these gaps to make DeFi and dApps mainstream.

After quadrupling in 2021, Algorand has all the tools necessary to triple in 2022.

Image source: Getty Images.

5. Nano

If you thought Qtum was off the radar, let me introduce you to Nano (CRYPTO:NANO), which is the smallest digital currency on this list at a hair above a $500 million market value. Though it may be small, Nano could pack a punch for patient investors this year.

Like Stellar, Nano is a payment-network coin that's all about speed, scalability, and completely outdoing traditional payment infrastructure.

What separates Nano from the thousands of other payment coin projects is its blockchain network. Nano employs what's known as the block-lattice blockchain. This design allows each user to have their own blockchain, which they're free to add to. Since users have their own blockchain, they don't compete with other users to propose new blocks, or worry about gaining approval from anyone other than the sender and receiver of a payment. In short, Nano's network can scale very rapidly without adversely affecting the performance of the network.

Speaking of performance, Nano offers the fastest block finality on this list. According to its developers, the typical transaction is validated and settled in under one second. I repeat, under one second!

Additional differentiation is supported by Nano's Open Representative Voting (ORV) consensus mechanism. Without digging into the weeds, ORV is the key component that makes transactions fee-less on the network.

To summarize: Nano can complete cross-border transactions, for free, in under a second. That's what we call a competitive edge.

Image source: Getty Images.

6. Axie Infinity

There's arguably not a hotter trend in the cryptocurrency space right now than the metaverse. More specifically, investors are enamored with the prospects of decentralized, blockchain-based virtual worlds. Axie Infinity (CRYPTO:AXS) is currently leading that charge and could triple investors' money in 2022.

Axie has developed a play-to-earn game on the Ethereum blockchain that's been a big hit in recent months. Users collect, raise, breed, and battle monster-like figures known as Axies. To go to battle, a user needs a minimum of three Axies. As with traditional games, the winner of these battles receives experience points that can be used to improve their Axies.

While this all might sound pretty straightforward, Axie Infinity deviates from traditional gaming in one big way: ownership. If you download a game on an Xbox that allows you to modify characters or create your own virtual world, the rights to those characters still belong to the game developers. By comparison, if you raise an Axie, it becomes a non-fungible token (NFT). It can be used in game play or be monetized in a marketplace. In other words, gamers have full ownership of their creations with Axie, which is in stark contrast to what we've witnessed from decades of gaming.

Furthermore, Axie is generating some cold, hard green with its game. Data from TokenTerminal.com shows that Axie Infinity has brought in $1.24 billion in protocol dApp revenue over the trailing-90-day period. That trails only Ethereum ($4.98 billion) over this time frame. 

With increasing real-world usage, Axie Infinity could be a hot token in 2022.

Image source: Getty Images.

7. IOTA

The seventh and final cryptocurrency that can triple your money in 2022 is IOTA (CRYPTO:MIOTA). Once a top-10 digital currency by market cap in 2017, IOTA has dipped all the way to No. 42, per CoinMarketCap.com.

The key theme throughout this list is the idea that competitive advantages and differentiation are a necessity to stand out when there are more than 16,000 listed cryptocurrencies. IOTA, like the projects I described above, provides this differentiation.

The interesting thing about IOTA is that it's not blockchain-based. Rather, developers built what's known as the "Tangle" -- a direct acyclic graph (DAG) that requires new transactions to confirm at least two previous transactions. Imagine this interconnection of transactions propagating along a timeline and creating something like a tangled web (thus, the "Tangle").

Why the Tangle and not blockchain like seemingly every other project? The answer is that blockchain can be slowed down by the need to generate, vote on, and validate new blocks. Eliminating these hurdles with the Tangle means a faster, more scalable network that, like Nano, is fee-less.

IOTA has also made waves by landing a major partnership with Dell Technologies. This pact, known as Project Alvarium, will seek to analyze and log the trustworthiness of data before it's used by an application.

Long story short, forget about the brand-name coins and think a bit smaller and off the radar in 2022 if you want to potentially triple your money.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Stock AdvisorS&P 500637%148%Join Stock Advisor

Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list price is $199 per year.

Stock Advisor launched in February of 2002. Returns as of 01/01/2022.

Cumulative Growth of a $10,000 Investment in Stock AdvisorCalculated by Time-Weighted ReturnStocksAVAXAvalanche CRYPTO:AVAXBTCBitcoin CRYPTO:BTCETHEthereum CRYPTO:ETHXLMStellar CRYPTO:XLMNANONano CRYPTO:NANOALGOAlgorand CRYPTO:ALGOAXSAxie Infinity CRYPTO:AXSQTUMQuantum CRYPTO:QTUMMIOTAIOTA CRYPTO:MIOTA

Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles Prev12345NextGet Started Now

Blockchain gaming crypto Axie Infinity (AXS), privacy coin Monero (XMR) and four more altcoins are conditioned for rallies, according to data from analytics firm Santiment.

Besides AXS and XMR, the firm highlights decentralized application (DApp) platform Quantum (QTUM), Web3-focused Ankr, Solana-based liquidity provider Raydium (RAY), and XRP competitor DigiByte (DGB).

“There are usually at least a few crypto assets that are being excessively shorted by bearish traders at any given moment. Our latest insight looks at the negative funding rates of XMR, AXS, QTUM, ANKR, RAY, and DGB for potential opportunities.”

A short squeeze occurs when an excessive amount of short sellers enter the market, and then get hit by an unexpected price spike that causes a chain reaction of liquidations and consequently a strong rally. According to the firm, traders bearish on Monero are making themselves vulnerable to such a scenario.

Santiment also says that the decentralized finance sector of crypto looks ready for healthy growth this new year. The firm identifies three of the most bullish-looking DeFi coins showing strength while much of the market trades sideways.

“DeFi assets are showing some nice signs of growth to kick off 2022. YFI [Yearn.Finance], UNI [Uniswap], and AAVE are all ticking up nicely thus far with the first Monday of the year looking bullish for several altcoins.”

Check Price Action Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix  Check Latest News Headlines  Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Foryoui3/Fotomay

Qtum, the decentralized #Blockchain applicationplatform, is capable of running Smart Contracts on multiple virtual machines,with Proof-of-Stake consensus.  The Qtum team is continuing to work hardconcerning offline staking.  They areworking on QtumNeutron, Electrum, and much more.  The weekly development updates help userskeep a tab on the happenings in the community.

Recently,the weekly updatesfeatured the release of Qtum version 0.19.0.1, making #Qtum one of the most up-to-date Bitcoin Forks.

Coincheck will, therefore, permitits users to send, receive, buy, and sell Qtum. 

Qtum is working with Google and Amazonto come up with their own Dapps platform. Qtum plays a very important role indefining the blockchain economy. Qtum particularly leverages the securityprovided by UTXO.  It is based on PoSand, therefore, a (DGP) Decentralized Governance Protocol. Accordingly,specific blockchain settings are modified using smart contracts. If the blocksize of the Qtum should be increased, it can be done without needing a hardfork.

QIPs are QTUM improvement proposalsthat are generated by both developers and the community.  The QIPs are sometimes from enterpriseusers.    The Nodemap  provides details of the Global NodeDistribution. Qtum offers a full Nodes incentives program.

In short, Qtum is focusing on forminga bridge between the Bitcoin and Ethereum communities and also serve as abridge between traditional companies like “Baidu, Alibaba, Tencent,NASDAQ, and others.”

Executives from some of China’slargest technology companies back QTUM.

Binancevery recently announced that they would be launching a perpetual contract forQTUM. When talking about QTUM, Binance pointed out that it is a hybridblockchain application platform.  Furtherstated that the core technology of Qtum combines a fork of Bitcoin Core, theaccounts abstraction layer, which provides for multiple virtual machines whichinclude Ethereum Virtual Machines (EVM) Proof of Stake Consensus which tacklesindustry use cases.

Qtum is an open-source Blockchain application of Proof of Stake (PoS). Qtum’s core technology incorporates a branch of Bitcoin Core, Account Abstraction Layer that enables multiple virtual machines, including the Ethereum Virtual Machine (EVM) and Proof-of-Stake consensus to address industrial use cases.

Qtum’s goal is to change the way that the application database is stored. Instead of centralized storage on a single server, applications running on the Qtum platform will be stored in databases like on the Blockchain.

Qtum Foundation is an organization based in Singapore, supporting the application of Qtum Blockchain. The organization is comprised of a wide range of developers, Blockchain and internet experts, including Neil Mahi and Jordan Earls, two veteran figures who have spent years working in the field of Cryptocurrency / Blockchain. The project started in March 2016, leading to a successful crowd sale a year later. More than 10,000 BTC and 72,000 ETH were raised in less than 5 days, making Qtum one of the largest projects in history with $ 15.6 million.

The Qtum project was developed by the Qtum Foundation in Singapore and started launching in March 2016. Qtum is a global project that aims to become a bridge between the BTC and ETH community, Qtum’s development team from around the world, in many different fields such as Blockchain, internet, cryptocurrency,  finance, business, .. some members have worked at big companies such as Baidu, Alibaba, Tencent, NASDAQ.

Members of Qtum

Qtum owns a strong workforce, loves the job and is extremely devoted. In particular, two prominent names like:

Anthony Di Iorio – Founder of the Ethereum brand Chen Weixing – Owner of Didi Chuxing

The Qtum-based Smart Contract is similar to the Smart Contracts you see with Ethereum and NEO, provided through Qtum when combined with Bitcoin’s UTXO used by the nodes to match and confirm Validation of transactions from its database.

Qtum brings these ideas together in Bitcoin’s Smart Contract along with other Smart Contracts to create opportunities for real-world blockchain use that many businesses have been patiently waiting for. Combining the modified Bitcoin Core’s infrastructure with a compatible version of the Ethereum Virtual Machine (EVM), Qtum consolidates Bitcoin’s Blockchain with endless possibilities provided by other smart contracts.

Qtum understands that improving the current blockchain technology and focusing primarily on introducing usable options for the business world is critically important to its success. The purpose of Qtum is to unite blockchains and the business world together.

Security is good: Qtum is considered by experts to include the advantages of Bitcoin and Ethereum. Therefore, the security of this currency is highly appreciated. From there, this can be a solid basis for investors to pour capital into.

It can be synchronized on most electronic wallets on smartphones today: This is another advantage to mention is the uniformity of this currency. They can synchronize data very accurately and securely on mobile phone wallets for all phone lines and operating systems.

Proceed with building a decentralized network: Qtum cryptocurrency is a clear money improvement, as it can have all the trust of the Bitcoin Blockchain and the potential of being governed by smart contracts. Besides, Qtum cryptocurrency has a pretty catch interface along with some utility features such as High stability in transactions; Interactions with high density and speed.

Qtum’s application adapts well to today’s trading operations: Qtum can adapt well to the key ecosystems of the Blockchain platform. Therefore, it can help the troubles that often occur on mobile platforms.

Qtum is based on Blockchain platform: So it allows you to create each person’s token, manage it yourself and check the terms within a standardized, stable scope.

You can check Qtum price here.

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Sentiment across major coins in the crypto market continued to improve over the past week, after also seeing a strengthening last week, according to data from the market sentiment analysis service Omenics.

The 7-day moving average of the sentscore for ten major cryptoassets tracked by Omenics for the past week stood at 5.41, up from 5.16 last Monday and 4.85 the week before that. The increase this week comes as a result of a stronger 7-day average sentscore for nearly all of the top 10 coins tracked by Omenics, with bitcoin (BTC) and ethereum (ETH) rising by 0.3 and 0.2 points, respectively, compared with last week.

With a 7-day average sentscore of 6.4 for BTC and 6.2 for ETH, both of these coins are now within the zone that Omenics calls “somewhat positive.”

The only coin in the top 10 list that saw a lower 7-day average sentscore this week was XRP, which dropped from a score of 5.1 last week to 4.9 today.

Sentiment change among the 10 major coins*: Interpreting the sentscore’s scale: - 0 to 2.5: very negative - 2 to 3.9: somewhat negative zone - 4 to 5.9: neutral zone - 6 to 7.49: somewhat positive zone - 7.5 to 10: very positive zone

Taking a more focused look at the action over the past 24 hours reveals that sentiment for the two largest cryptoassets has soured somewhat in the short term. On a 24-hour basis, BTC has a sentscore of 6, while ETH has a sentscore of 5.8, the data from Omenics showed.

At the same time, some coins showed a stronger sentiment on this shorter time-frame. Among these, the stablecoin USD coin (USDC) was among the most notable, with a 24-hour sentscore of 5.6 for the day compared to 5 for the week, which could indicate that traders are seeking safety in the stablecoin as crypto prices are falling.

Other than USDC, Uniswap’s governance token UNI also saw stronger sentiment surrounding it over the past 24 hours compared to over the week as a whole. At the time of writing, UNI’s 24-hour sentscore stood at 5.8, the data showed.

Zooming out to cover all of the 35 coins tracked by Omenics on a 7-day average basis, it’s clear that sentiment at the moment favors the two largest cryptoassets. However, there are exceptions to this, with for instance cosmos (ATOM) seeing a sentscore of 6.1. Other than the three mentioned above, no other coins had a sentscore in the area that is considered positive.

Looking at the opposite side of the spectrum, QTUM, nem (XEM) and OMG saw the worst 7-day average sentscores among all coins tracked, with scores of 3.8, 3.9 and 4, respectively. The low scores placed QTUM and XEM in the zone that Omenics defines as “somewhat negative,” while OMG barely managed to stay in the “neutral” zone.

____

* - Methodology:

Omenics measures the market sentiment by calculating the sentscore, which aggregates the sentiment from news, social media, technical analysis, viral trends, and coin fundamentals-based upon their proprietary algorithms.

As their website explains, "Omenics aggregates trending news articles and viral social media posts into an all-in-one data platform, where you can also analyze content sentiment," later adding, "Omenics combines the 2 sentiment indicators from news and social media with 3 additional verticals for technical analysis, coin fundamentals, and buzz, resulting in the sentscore which reports a general outlook for each coin." For now, they are rating 35 cryptoassets.

Table of Contents Qtum tries to empower large organizations with the help of cryptocurrency and other blockchain-based solutions. It combines the smart contract functionality from Ethereum with security from bitcoin to create a comprehensive approach to blockchain technology. The project focuses on four elements as its competitive advantage: UTXO Model, Smart Contract Platform, Proof of Stake network, and Value Transferring. Qtum team consists of members from both Ethereum and Bitcoin communities. There are also former employees of big companies like Baidu, Alibaba, Tencent, and NASDAQ. Some of the most famous blockchain ecosystem players support this project with the help of traditional venture capitalists and executives from big Chinese companies. Qtum focuses on the economic principles of blockchain technology. It is a public platform that means other developers can use it for making blockchain-based products. The underlying security technology in this blockchain is UTXO or Unspent Output Transaction. Bitcoin blockchain used UTXO at first as a secure solution for handling transactions. The blockchain uses technology and combines it with other fundamental solutions of the tech world. Qtum blockchain can handle multiple virtual machines like EVM and x86 VM. This blockchain has revolutionary features like Decentralized Governance Protocol (DGP) and Proof-of-Stake based network. Therefore, specific settings like block sizes can be modified using smart contract solutions with no need for a hard fork or other solutions. Enterprises are the main focus area for this project. It provides them a platform for running smart contracts with business use cases in mind. Unita – previously named Qtum Enterprise and QtumX – is the private blockchain solution that focuses on businesses with Proof of Authority as the underlying protocol. The block producers in this private network are chosen by the blockchain owner. Qtum also provides a platform for software development based on standard blockchain infrastructure rules. Developing a decentralized application in this platform is similar to other public blockchain platforms. One of the essential features of this blockchain is its Abstraction Layer. The account abstraction layer makes it possible for developers to separate the application from the underlying protocol and add smart contract features to that in the future. The feature focuses on using the performance of the blockchain network and growing the application based on that. The UTXO runs on Ethereum Virtual Machine, and Qtum uses the Account Abstraction Layer to communicate between machines. Developers that make applications on the blockchain can use the Neutron middleware and x86 Virtual Machine. The system supports Rust programming language, one of the leading programming languages in the topic of security. The Proof-of-Stake network is powered by nodes around the world. It claims to be the third network considering full nodes (after Ethereum and Bitcoin). There are currently more than 2,000 Qtum full-nodes around the world that most of them are active in South Korea. Qtum tries to support its developer community as much as possible. All the development tools and components needed for blockchain-based solutions and apps are provided on the official website – even the source code. Besides, they run some bounty plans to incentivize developers in ongoing projects of the main blockchain like browser, wallet, translation, and other optimizations. Qtum has a main cryptocurrency like all other public blockchains. The underlying core code is based on the Bitcoin code, but the network has its cryptocurrency named QTUM. QTUM coin is the block reward that distributes in a lottery model between full-nodes, based on the amount of holding in the node wallets. QTUM is the 42nd cryptocurrency based on market cap. Many significant cryptocurrency exchanges support the coins, like Binance, OKEx, HitBTC, Huobi, Kraken, and Bitfinex. The token was launched in 2017 with the initial price of about $5. Qtum blockchain supports QRC20 tokens that are derivations from Ethereum’s ERC20 tokens. These tokens can be used within dApps. QRC20 transitions need QTUM coin as gas fees. The cryptocurrency itself was first an ERC20 token before the mainnet launch. Users can store QTUM coins in various supporting wallets. Although there are limited wallets for desktop users, multiple mobile cryptocurrency wallets support this coin. ABRA, AToken, Atomic Wallet, Bitpie, ColdLar, Edge, Exodus, Guarda Wallet, HyperPay, PlayWallet, QBao, SWFT, and Trust Wallet are some of them. Those users who prefer a desktop wallet can download the official Qtum Core wallet from the website. The desktop client is available for Mac, Windows (64bit only), and Linux. Downloading and installing the Core wallet creates a full node in the user’s computer. The official desktop wallets also support staking. There is also an alternative available for desktop users named Qtum Electrum, which is only available for Mac and Windows users. The project also has a web wallet qtumwallet.org. Those interested in hardware wallets can store their coin in Ledger or Trezor wallets, too. Qtum ecosystem consists of multiple dApps in various categories. There are always ongoing dApps projects within the community, too. The dApps vary from smart contracts, coins, and medical sector solutions to traceability projects and energy focused products. There is also an explorer for block searches in this network, like many other blockchains. The qtum.info explorer provides other intel like block height, transaction volume, and total addresses, too. Qtum claims to be the first “UTXO-based smart contract system with a proof-of-stake (PoS) consensus model,” according to the whitepaper. It combines the Ethereum blockchain with Bitcoin, in simple words. Ethereum blockchain has many advantages for developing smart contracts but is vulnerable to hacks. So, the development team added fundamental concepts from Bitcoin, the more secure blockchain. On the other hand, using the Proof-of-Stake system as an alternative for Bitcoin’s Proof-of-Work makes it easier to generate a new block in the blockchain. Qtum plans for future (roadmap) consist of essential developments that focus on more industry adoption. Offline Staking, Phantom, and Neutron are main development projects in the roadmap.

Traditionally, the stock market has been considered the greatest wealth generator for investors. But for the past couple of years, cryptocurrencies have accumulated the attention of all investors. The growing adoption of cryptos has made experts realise that the global economic future might depend on these digital currencies. One such crypto that has sky-rocketed in a very short period is Shiba Inu. SHIB impressed many crypto critics and investors when it rose almost 850% back in October 2021, mainly due to the petition movement by its community to get the crypto listed on the Robinhood exchange. The crypto surged enough to toss off Dogecoin from the top memecoin spot. But this success was short-lived. Since then, SHIB has dived more than 60% from its peak. This made several investors believe that there are other well-known or lesser-known cryptocurrencies that can outperform SHIB and provide more security in the long run. In this article, we have listed 10 cryptocurrencies that can compensate if you have missed Shiba Inu at its peak.

HUH SWAP LAUNCHES WITH NO FEE AND REWARDS: IS IT THE NEXT PANCAKESWAP?WILL CRYPTOCURRENCIES LIKE EVERGROW AND HUH TOKEN BECOME THE MONEY OF THE FUTURE?ETHEREUM, BITCOIN, SHIBA INU, DOGECOIN, BNB COIN, BITGERT, CENTCEX – WHICH IS THE BEST PROJECT OF 2022?Ethereum: Ethereum is one of the most valuable cryptocurrencies with robust fundamentals and practical features. With the help of Ethereum’s distributed ledger technology, programmers can create their own blockchains. The crypto also provides smart contract facilities in addition to storing transaction data. According to reports, Ether has already grown more than 150,000% since its inception and will continue to do so in the future.Cardano: Cardano is the brainchild of one of Ethereum’s co-founders. But rather than upgrading an existing blockchain, the developing team went to and fro to create a new blockchain from scratch. The team takes a research-driven approach, powered by a step-by-step peer-reviewed process. This makes ADA a slow-developing technology but ensures an authentic and practical approach to development. Solana: Solana’s programmable blockchain is quite similar to that of Ethereum that allows smart contracts and decentralised applications. It is one of the many cryptocurrencies that is viewed as a powerful ‘Ethereum killer’. Solana is also one of the fastest cryptocurrencies on the blockchain that is capable of managing almost 50,000 transactions per second. It also possesses the third-largest ecosystem after Ethereum and Binance Exchange.Aave: Aave is a decentralised finance protocol that focuses on the crypto borrowing and lending domain. AAVE provides holders with discounted fees on the platform and also serves as a governance token by giving owners a say in the future development of the protocol. Crypto is a major player in the blockchain domain and can easily navigate legislative changes successfully.Polkadot: Polkadot is an open-source sharded multi-chain protocol that connects and secures a network of specialised blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby facilitating other blockchains to be interoperable with each other. DOT is primarily designed to lay the basic foundation of the decentralised internet of blockchains, Web 3.0. HUH Token: Currently, HUH Token has emerged as one of the most promising tokens in the crypto market. The token claims to use blockchain technology that enables the holders to earn the opportunity to get rewards for trading HUH tokens. Stellar: Stellar is an open network that allows money to be mobbed and stored. Since its inception, XLM has boasted that its primary goal is to promote global financial inclusion. The network’s token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. Nano: Nano aims to revolutionise digital payments. It has a lightning-fast network that enables transaction processing within seconds. If the network is scaled appropriately to increase the transactions per second. Nano also has the potentiality to become one of the top cryptocurrencies in no time. Qtum: Qtum is a proof-of-stake, smart contract, open-source blockchain platform, and value transfer protocol. It aims to combine the strengths of Bitcoin and Ethereum in one chain. Qtum’s developers have only taken the best aspects of this cryptos and created a network that incorporates smart contracts. Avalanche: Avalanche is the fastest smart contracts platform in the blockchain industry as measured by time-to-finality. The crypto can process exponentially fast transactions at low-cost and remain environmentally sustainable. The AVAX token is a hard-capped, scarce asset that can also be used to pay fees. 

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CryptosShare This ArticleDo the sharing thingyAbout AuthorMore info about authorSayantani SanyalMore by Sayantani SanyalRelated Cryptocurrency ArticlesSimilar Posts From Cryptocurrency CategoryExclusive Interview with Akshay Chaturvedi, Founder and CEO, Leverage EduSeptember 27, 2021Top 10 Game-Changing Robot Makers of 2022December 26, 2021Cardano (ADA), Avalanche (AVAX), Solana (SOL), Ethereum (ETH) & Polygon (MATIC) – These Cryptocurrencies Might Perform the Best In 2022January 10, 2022

Home » Speakers » QtumTop storiesExplore AllQtumPatrick Dai, CEO and co-founder of Qtum, will join us for the live streaming of our 84th Bitcoin Wednesday conference on 3 June, 2020. Qtum is a proof-of-stake blockchain platform that combines features of both Bitcoin and Ethereum, namely Ethereum’s Solidity smart contracts with Bitcoin’s model for recording unspent transactions, which prevent the same coins from being spent twice.In his presentation, Patrick will share his eight years of personal experiences in the blockchain industry. He will also talk about the past present and future of Qtum. His presentation will include:Patrick was featured in Forbe’s China’s 30 under 30 in 2017.  He graduated from Draper University and dropped out of his doctoral degree program from the Chinese Academy of Sciences.  He left the Academy to pursue opportunities in the private sector.He previously worked for Alibaba as Product Developer, CTO of VeChain and CTO of mining company Bitse Group. He also served Factom as a Technical Advisor. He has been working in the industy since 2012. Patrick is best-known for his work at CEO of Qtum, which he has spent more than a year developing.Submit your reviewName: Email: Website: Review Title: Rating: 12345Review:   Check this box to confirm you are human.Submit     CancelCreate your own reviewBitcoin WednesdayAverage rating:   0 reviewsTop StoriesExplore AllRELATEDBitcoin HalvingT-shirts Coming SoonPoll Results 2019Is Cash Really King?Poll Results 2018Strength in NumbersPUBLISHED :May 24, 2020 See also: Bitcoin Wednesday 843 Jun 2020 18:00 - 23:00Featuring:After Silk Road, J.P. Thieriot Explained Upholds Digital Money, ngrave, Qtum, Security Token AdoptionPatrick Dai is CEO of Qtum. He will talk about how Qtum built a smart contract system on top of Bitcoin’s infrastructure.

Following a slight and short-lasting improvement, the market sentiment dropped once more over the past week. The average 7-day moving crypto market sentiment score (sentscore) for ten major cryptoassets stands today at 5.06, while a week ago it stood at 5.16, according to the market sentiment analysis service Omenics. Notably, there are no more coins in the positive zone among the first 10 coins, and only one among all the rated coins.

Unlike a week ago, when all but one coin were green, this week, all but two are red. The two winners are USD coin (USDC), which is up by 18%, and chainlink (LINK), the sentscore of which increased 5%.

Among the red coins, the largest drop was almost 20%, recorded by XRP. Another double-digit fall is tether (USDT)’s 14%. Ethereum (ETH), bitcoin (BTC), crypto.com coin (CRO), binance coin (BNB), and cardano (ADA) – all saw drops in their respective sentscores between 9% and 7%. Lastly, polkadot (DOT) fell less than 1%.

The decrease in the overall market sentiment is further reflected in the number of coins within the positive zone – there being none this week. The drops in BTC’s and ETH’s sentscores pushed both below the score of 6. The list is now led by bitcoin’s 5.9, followed by USDC’s 5.8, and then ethereum’s 5.7. Additionally, only one other coin has a score above 5, that being DOT with 5.5. The rest have sentscores between 4.1 and 4.9.

Sentiment change among the top 10 coins*: Interpreting the sentscore’s scale: - 0 to 2.5: very negative - 2 to 3.9: somewhat negative zone - 4 to 5.9: neutral zone - 6 to 7.49: somewhat positive zone - 7.5 to 10: very positive zone.

The 24h sentscore for these same 10 coins has also seen a decrease. The average sentscore for the past day stood at 4.76, compared to 5.72 recorded last Monday. That said, only four coins’ sentscores are down, and by relatively low percentages: ETH, DOT, BTC, and XRP fell between 2.5% and 1.6%. On the opposite side is the highest increase of 5.5%, seen by LINK, while the others went up between 5.2 (USDT) and 0.8% (ADA). There is one coin in the positive zone here, and it is USDC with a sentscore of 6.2. Bitcoin is down to 5, and Ethereum fell even lower, to 4.9. DOT and LINK recorded 5 and 5.6, respectively, while others have scores between 4.2 (USDT) and 4.4 (ADA). XRP, however, is in the negative zone today, with a score of 3.7.

Now taking a look at the 25 coins outside the top 10 list, we see that only 10 out of the 25 have gone up over the past week. The highest among these is 0x (ZRX) with 10%, while the lowest is tron (TRX)’s 0.2%. As for the drops, the lead here is taken by maker (MKR) and its 13% decrease. The least to fall is nem (XEM) with 0.3%. Unlike the top 10 list, this one has a coin in the positive zone – cosmos (ATOM) with 6.3, making it the only coin there among the 35 coins rated by Omenics. Nine others sit within the 5-5.8 range, twelve have sentscores between 4.4 and 4.9, while three are in the negative zone: XEM and QTUM with 3.9, and OMG with 3.8.

____

* - Methodology:

Omenics measures the market sentiment by calculating the sentscore, which aggregates the sentiment from news, social media, technical analysis, viral trends, and coin fundamentals-based upon their proprietary algorithms. As their website explains, "Omenics aggregates trending news articles and viral social media posts into an all-in-one data platform, where you can also analyze content sentiment," later adding, "Omenics combines the 2 sentiment indicators from news and social media with 3 additional verticals for technical analysis, coin fundamentals, and buzz, resulting in the sentscore which reports a general outlook for each coin." For now, they are rating 35 cryptoassets.