25 Jun 2018 Luchezar Simeonov
QTUM About to Break the $1B Market Cap
The QTUM Foundation celebrates the $1 billion mark, confirming its growth ambition. This is a special success for the small-cap range company (between $300M and $2B market cap), which managed to achieve $15.6 million in a crowdsale in March 2017.
The initial coin offering price was approximately $0,2919. Currently, the average price for all exchanges is $10,85 which puts QTUM with its market cap of $962 million among the 20 most valuable cryptocurrencies in the world.
The success of the token is partly based on the increasing popularity and trust of the token’s network. Quantum (QTUM) is aiming to pioneer the crypto world with the launch of the Value Transfer Protocol (VTP) on the Smart Contract and Decentralized Application (DAPP) markets.
Additionally, the foundation is offering tokens with the unique feature to run as smart contracts, part of unspent transactions (UTXO). These ambitious goals place the company as an attractive investment option in the crypto community. To transform potential into successful growth, the QTUM token is listed on a total of 26 exchanges, including Binance, OKEx, CHBTC, Coinegg, and Cobinhood.
The cryptocurrency market watch expressed users' expectations in mid-April for listing the QTUM token on Coinbase, following the platform’s ERC20 support announcement in March. This support will allow the token’s trading on Coinbase, which could lead to mass market adoption and a $100 market price.
Due to the nature of the crypto market, there is no guarantee for such listing or market price increase. If it happens, the coin’s market cap will reach at least $8,9 billion. In the meantime, while Coinbase is working on the support of ERC20, QTUM is paving its’ way towards a brighter future.
The company is taking part in the Trusted IoT Alliance and partners with Spacechain. The Alliance increases further QTUM’s chances for a Coinbase listing, whereas the Spacechain partnership makes innovation in the blockchain world.
In early February, Quantum lifted off the first ever blockchain node into space to store data in outer space and eliminate potential problems with government regulations. With this space launch, the company guaranteed sustainability despite the world’s decision towards cryptocurrencies and blockchain technology.
And even though the current market price is dropping, the crypto community expects a bright future for the coin, and QTUM holders hope the token will reach new highs again.