In this guide, we will express our and the market’s opinion on the QTUM future as we discuss Qtum price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Qtum.
Now, let’s get into it.
Before we delve into Qtum’s price prediction and answer questions about whether QTUM is a good investment or not, why QTUM will succeed or fail, or why Qtum’s price will rise or fall, let’s quickly take a look at what QTUM is and its history to date.
Qtum is an open source decentralized Blockchain platform and value transfer protocol. It can run smart contracts on multiple virtual machines and run Proof-of-Stake consensus environments.
It is a hybrid blockchain platform Bitcoin and Ethereum. Qtum (pronounced Quantum) was created by adding an account abstraction layer on top of a Bitcoin fork code to enable sidechain integration with blockchain virtual machines such as the Ethereum Virtual Machine.
This hybrid model combines the best of both worlds, adding Bitcoin’s value storage capabilities to Ethereum’s smart contract platform.
In March 2017, Qtum launched a crowdfunding campaign to seek funds for the development of their new blockchain-based platform. The crowdshare was scheduled to last 30 days, or until all the tokens were sold.
Qtum sold over $10 million of
its tokens after just 90 minutes, eventually raising a total value of $15.7 million before stopping the campaign early after just 5 days. They raised a total amount of 11,156,766 bitcoins (BTC) and 77,081,031 ethers (ETH) in exchange for the 51 million Qtum tokens distributed to the public.
Although anyone can use QTUM, the QTUM foundation focuses on business applications of smart contracts. Their goal is to facilitate the transition from legacy systems in outdated organizations to blockchain-based solutions that increase automation and reduce costs.
QTUM Price Prediction
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Qtum Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
QTUM Price Prediction 2025
Our forecast model sees QTUM reaching $3.78 in 2025.
How much will QTUM be worth in 5 years?
The price of QTUM in 5 years could be around $ 0
Qtum Price Prediction 2030 – 2040
How much will Qtum be worth in 2030?
Our forecasting model sees Qtum reaching $0 in 2030.
How much will Qtum be worth in 2040?
Our forecasting model sees Qtum reaching $0 in 2040.
Will Qtum replace/surpass/surpass Bitcoin?
No, Qtum will not replace or exceed BTC.
Can Qtum reach $100?
No, our forecasting model sees no chance for Qtum to reach $100 in the short or medium term.
How high will Qtum go?
Our forecasting model sees the Qtum price plummet and fall to almost 0 in the distant future.
Is Qtum worth buying?
We don’t see a bright future for Qtum. It is worth buying only as a short-term speculation with a good exit strategy. Qtum is not a good long-term hold.
Is Qtum a good investment?
Qtum is not a good investment in our opinion. Because? Well, it faces fierce competition from other similar crypto projects, it doesn’t stand out for its technology and innovation, it doesn’t have a real community (not counting speculators and the hype-chasing crowd), and the team behind the project isn’t proven.
Can Qtum make you a millionaire?
No, Qtum can’t make you a millionaire as we don’t see him making a 10x price increase anytime in the future.
How much will Qtum be worth?
For the short-term future, it could reach $ 1.15. In the long term (8-10 years), it will most likely drop to 0 or so.
Why will Qtum succeed and go up in price?
Qtum has little chance of success. He has no first-time advantage, he doesn’t bring any unique value proposition, he has a weak team and a small community behind him. All this summarized prevents Qtum from being successful and increasing the price in the long term.
What is the short-term forecast for Qtum?
Qtum will reach $1.15 over the next 90 days, which is a 41.2% change from the current price which hovers around $1.95.
Qtum Price Prediction Today – What will be the price of Qtum tomorrow?
Qtum will hover around $2.05 tomorrow.
Qtum Coin (QTUM) Future Outlook
However, not all projects have the same chance of failure (risk), nor do they have the same upside potential (reward).
As a result of the incompetence and lack of integrity of ICO teams, fueled by the basic human instinct that is the greed and naivety of crypto investors, more than 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of the projects will become the new Apple, Google or Alibaba in the cryptocurrency sector. Will QTUM be among that 5%?
can run Ethereum smart contracts, there’s not much of a big incentive for developers to start developing on Qtum on Ethereum right now. Ethereum has 50 times the market capitalization and 50 times the brand awareness. There’s also a huge tool community built around ETH with its first mover advantage.
Ethereum isn’t the only problem for Qtum. A large number of platforms are emerging and are already taking a good chunk of the market; the most notable EOS and Tron, but also Stellar which has some interesting unique features for new token launches.
Cardano, Tezos have yet to be launched properly, Zilliqa and NEO are still a question mark. These are just the best competitors in the range, a plethora of small-cap projects are also looking for their place under the blue sky (Stratis, Waves, Nebulas, Ethereum Classic, Lisk, Ark etc.).
So to say that competition is fierce is an understatement.
Also, QTUM is not popular in the West. Qtum is relatively little publicized in the West. Even cryptocurrencies with smaller market caps like Nano seem to have a more passionate fan base in the West. To date, most of Qtum’s trading volume comes from Asian exchanges.
People on the
site of the Korean community Qtum (https://qtum.or.kr/) are very concerned about the absence of QRC-20 token support on major exchanges. According to them, a number of existing DApps have already been denied public listing, and the Qtum Foundation is not doing enough to make it happen.
As 8btc.com writes, in the last year, Qtum has left the impression of being a meeting place for “broken cryptocurrencies”: BOT, INK, SPC, HLC, OC, AWR. All these tokens issued on Quantum failed to maintain their ICO price after being listed on the stock exchange, some of which even fall close to zero.
Finally, the overcrowded market for smart contract platforms will follow its course of natural selection and eradicate weak entities by rewarding strong ones. Qtum will have an uphill battle to be in the latter camp.