Wikicoin George Shnurenko

What is Bitcoin Halving and When Next Bitcoin Halving Occurs

📚 Wikicoin
Why a means of limiting the supply of Bitcoin at any given time is required
What is Bitcoin Halving and When Next Bitcoin Halving Occurs

When Satoshi Nakamoto created Bitcoin in 2009, his plan was to ensure that the creation and distribution of Bitcoins did not rest solely on the shoulders of a select few. The concept of Bitcoin mining was introduced to put this in action. Before we can even attempt to understand Bitcoin halving, it is important for us to dissect Bitcoin mining and what it entails.

What is Bitcoin mining?

Bitcoin mining involves reward for those who, through computational work, verify and authenticate new transactions into blocks. In essence, Bitcoin mining is the process behind the creation of new currencies and it is all about adding a transaction to Bitcoin’s public ledger. This ledger, because it comprises chains of blocks, is referred to as a Blockchain.

So, Blockchain mining, in essence, is a record-keeping activity and it is executed by miners. These miners ensure that the blockchain is uniform throughout, up to date, and immutable. In return, these miners are offered a certain amount of newly created coins.

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What is Bitcoin halving?

Now that the reward offered to Bitcoin miners is well understood, we can move on to what Bitcoin block halving is all about. Satoshi Nakamoto in his really sophisticated code programmed the Bitcoin such that after two hundred and ten thousand (210,000) completed blocks, the amount of new Bitcoins created is halved.

Check the Bitcoin halving history and you will observe a peculiar pattern. In 2009 when Bitcoin was newly launched, the reward for miners was capped at 50 Bitcoins per block. In November 2012, after almost four years, the reward reduced by half to 25 Bitcoins per block. This period was officially known as the second reward era.

Bitcoin halving schedule is such that every four years, the event occurs. Even though Bitcoin halving occurs after 210,000 blocks have been completed, it is possible to estimate an arbitrary date.

The third reward era of Bitcoin mining occurred in July 2016 and the reward for miners was reduced to 12.5 Bitcoin per block. This will continue for years until the year 2140 when all the 21 mln Bitcoins in store have been exhausted.

Why d w have Bitcoin halving events?

This is a very important question to ask, especially for miners. This is enacted to ensure that Bitcoin is in concordance with the laws of supply and demand. A perfect illustration is the monetary supply governing the distribution of fiat currencies in central banks.

A new Bitcoin is created based on certain features of the currency which are pre-programmed into the system. With a fiat currency, there are various factors involved. One major discrepancy is the consideration given to debt, inflation, and other factors.

This is why a means of limiting the supply of Bitcoin at any given time is required.

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Implication of Bitcoin mining event

  • Reduction in rewards

Considering the fact that many of these miners rely solely on the reward they get, further Bitcoin halving might have less than desirable effects. One major reason for this is the rigidity of Bitcoin and the maximum allowable coins in circulation. Adding these new blocks at a reduced price without a concomitant increase in the transaction fees or the value of Bitcoin they earn might cause bankruptcy.

  • Stiff competition for mining

Bitcoin mining event means that the amount of Bitcoins being mined are steadily increasing and sadly, this means that we have lesser Bitcoins to mine. Within a short while, the competition will become fierce and transactions will take more time. In the event where miners do not shut down out of lack of activity, we can expect the scarcity to engineer an increase in the price of Bitcoins.

  • Decreased popularity of mining

Some companies are already feeling the brunt of Bitcoin halving. In 2016, KNC Miner, a Bitcoin mining company in Sweden, declared bankruptcy and their major reason was the imminent Bitcoin halving event.

Another report declared that about 25 percent of mining rigs will be affected by the net halving event. As it becomes increasingly expensive to mine, large-scale mining setups will reduce and this will make profitability almost impossible, dissuading new investors.

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When is the next Bitcoin halving event?

Presently, miners are rewarded with about 12.5 Bitcoins for completing a block and 2500 transactions make up a block. Sometime in May 2020, the next Bitcoin halving event will occur and this will cause the reward to further reduce to 6.25 Bitcoins per block.

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Expectations from the Bitcoin mining event

Bitcoin halving countdown comes with some certain expectations. Some of them are listed below.

  • A decline in has rat might be imminent

The hash rate is the speed at which a computer completes a transaction in the blockchain network. Before the last Bitcoin halving, the hash rate was estimated to be 1.54 exahashes per second and it was tipped to reduce even further. This is due to the fact that some older equipment which are no longer seen as profitable will leave the network and this will, in turn, result in a decline in the network hash rate.

  • The Bitcoin price will drop and then rise

While it is normal that those investors who pumped loads of funds into Bitcoin will be looking to cash out, the apprehension surrounding Bitcoin will subdue and will cause a renewed interest in the currency. The law of demand and supply will set in, correcting the previous fallacy and the new purchase will not negatively impact the currency.

Four-year rule

It will not take long for us to come up with justifications for the increase in price and adoption and this is not unexpected. It has occurred twice now and the third time won’t be an exception. Questions like “What is Bitcoin halving?”, “Is Bitcoin halving necessary?” are now well addressed. Also, the Bitcoin halving schedule can be estimated based on the four-year rule.

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Wikicoin
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📈 Pricewise Andrew Strogoff

Buyers and Sellers Balanced, BTC, LTC, XMR and NEO Show No Clear Direction

Pricewise
Bitcoin, Litecoin, Monero and NEO fluctuate with no clear direction. Who is going to take control over the markets?
Buyers and Sellers Balanced, BTC, LTC, XMR and NEO Show No Clear Direction

The currency pairs were unable to make substantial progress since our early European session review. However, the current flat is a kind of preparation for significant moves that may happen in the nearest future. We recommend paying attention to all the charts and candlestick patterns as this price consolidation will not last long.

BTC/USDD:\Пробы пера\sergeytn\10.05 follow up\btc hourly.jpgThe currency pair has left the Ichimoku cloud, but there is no momentum as the price is flat. There is no direction currently.Bitcoin  fluctuates within a very narrow channel demonstrating the balance between bulls and bears.

BTC/USD is close to the next resistance area ($9,440) and should be able to reach it in the nearest future. However, the current situation is uncertain as both buyers and sellers are in the position to take control now. The closest support lies around the $9,200 area and almost coincides with the upper boundary of the Ichimoku cloud.

There are two scenarios currently. The price may reach the above mentioned resistance, or fall towards the support line.

BTC/USD is currently above the descending trend line and the Ichimoku cloud signaling the end of the midterm downside tendency.

LTC/USDD:\Пробы пера\sergeytn\10.05 follow up\ltc hourly.jpgLitecoin moves in a more technical manner that Bitcoin does, as the price goes towards the lower boundary of the Ichimoku cloud. Litecoin is likely to test the formation in the nearest future. Two scenarios are possible.

The price may either rebound off the lower boundary of the Ichimoku cloud and start its growth towards the upper boundary at least, or break through the lower line of the Ichimoku cloud and resume its decline towards the descending trend line.

The price is currently above the descending trend line, indicating an uptrend. However, we think that to confirm the tendency, LTC/USD needs to leave the Ichimoku cloud, breaking out its upper side.

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XMR/USDD:\Пробы пера\sergeytn\10.05 follow up\xmr hourly.jpgMonero buyers seem to consolidate the progress as XMR/USD establishes new highs. The currency pair is likely to reach the resistance line area at $234 in the nearest future. The current upside tendency is quiet, and has both trend and correction movements.

The price is above the descending trend line and the Ichimoku cloud formation signaling that the uptrend is still in progress. However, we cannot exclude the possibility of a reversal towards the upper boundary of the Ichimoku cloud, which coincides with the descending trend line.

NEO/USDD:\Пробы пера\sergeytn\10.05 follow up\neo ourly.jpgThe currency pair has a neutral tendency at the moment, as the price establishes neither new highs nor new lows. It is now within the Ichimoku cloud, fluctuating in the middle of the formation. NEO/USD is still testing the resistance area at $76 but has no positive results as the price is below this level.

Two scenarios are possible currently. NEO/USD will break through the resistance line and the upper boundary of the Ichimoku cloud to move towards the next resistance line in the $79 area. However, we can see that buyers have no power to take the initiative in their hands as bears hold the price below the $76 resistance area.

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Wikicoin George Shnurenko

What is Coinlib.io: Crypto Market News Sources Review

📚 Wikicoin
The website was created for traders, investors, advisors and wide audience interested in the sphere of crypto
What is Coinlib.io: Crypto Market News Sources Review

Coinlib is the project that provides readers with real-time information about the cryptocurrrency market, as well as crypto-related news. The website was created for traders, investors, advisors and wide audience interested in the sphere of crypto.

What is Coinlib?

This is a news aggregator that shows the latest articles from the most popular online sources, such as:

  • usethebitcoin.com

  • news.bitcoin.com

  • u.today

  • bitguru.co.uk

  • zycrypto.com

  • and many other websites.

Additionally, Coinlib shows the exchange rates– you can check them for any major cryptocurrencies present on the market. The platform provides basic information about the most popular cryptocurrencies, as well as the diagram showing their value fluctuations.

Coinlib main page – cryptocurrency price
Coinlib main page – cryptocurrency price

Therefore, Coinlib is a versatile project that provides essential information for users: currency value, exchange rates, portfolios, and news.

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Functionality

Despite a simple minimalistic design, Coinlib has enough functions to supply you with necessary information. Let’s observe them:

  1. Exchange rates. In this section, you can check the value of some certain token, compare its exchange rate in relation to other coins, see how its price has been changing, what’s its market cap, and read the news related to it.

  2. News section. Visitors can read the latest posts, articles, interviews, press releases and other texts connected with cryptocurrencies and the crypto market.

  3. Comparison of coins. You can analyze how coin price, market cap and many other metrics have been changing over time: all that is displayed in the form of graphs. This tool allows checking filtered groups of coins, as well.  

  4. Portfolio. Authorized Coinlib users may have their own investment portfolio: it shows whether the investments are profitable, the percent of profit or loss, and many other important metrics.

  5. Information about coins. This section would be particularly useful for the starters. Here, essential information about popular coins can be found (current price, percent of fluctuation, market cap, the overall supply, opportunity of mining, type of coin, official social profiles, and other data). Besides, you can read the news related to this or that coin.

Basic Ethereum info on Coinlib
Basic Ethereum info on Coinlib

Personalization

The list of the above-mentioned features isn’t full– there’s a myriad of customization tools for registered users. For example, you can set alerts and get a notification when some coin reaches a certain specified threshold. The price alerts can be sent to email, shown as push-notifications or desktop notifications.

Portfolios may include the coins you choose, and the comparison tool will help you to make an informed decision based on the real-time reliable information about cryptocurrencies. Additionally, you can try best price explorer and find the markets offering the most beneficial exchange rates. Online cryptocurrency converter is also available.

To top it off, users can set up notifications and alerts. Other advanced features include coin voting and coin search (provides you with news and coin-related pages).

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Bottom line

Coinlib is a simple but informative website with intuitive navigation and boatloads of useful real-time data about cryptocurrencies. It can be used by both professional traders who need pure numbers, and amateurs of crypto investing in search of guidance and recommendations. There’s everything you need to trade smartly.

But while providing users with numerous instruments for coin price value analysis, Coinlib didn’t put a heavy focus on the news section. What it lacks is the news resource filter– some users are ready to read articles from a few certain sources only. Extra filtering and sorting tools for news would improve user experience to a great extent.

Wikicoin
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Darryn Pollock

Bitcoin Berated as Bubble But Stock Market Held to Easier Standard

Mainstream media panics when Bitcoin experiences volatility, but no alarm sounds at unprecedented equities drop.
Bitcoin Berated as Bubble But Stock Market Held to Easier Standard

Bitcoin is crashing… again, and pundits once again insist that the bubble has finally popped and that the digital currency is now “dead.” At the same time, global equities markets have taken massive hits, but experts remain optimistic about them. In fact, the Dow Jones Industrial Index yesterday posted an unprecedented 1,175 point drop, after falling 665 points the previous trading day and opening down over 500 points today.

While the fall in the stock market represents an 8.5 percent drop and Bitcoin’s is over 20 percent, the amount of money wiped out of the equities markets is 12 times bigger than that which was lost in the cryptocurrency market. Yet, the calls of crashes and bubbles are still only being aimed at the digital currency market.

History of volatility

A brief look at the history of Bitcoin will reveal an asset that is probably unparalleled when it comes to volatility, and it has never been a secret. Drops of 10, 20, even 50 percent in a day have all been seen before by those who have been around long enough. In fact, there’s a meme in the crypto community that borrows from a famous Marilyn Monroe quote, stating:

If you can’t handle at my 30 percent dips, you don’t deserve me at my 500 percent spikes.

But the problem is that the Bitcoin boom of November through December, which coincided with one of its biggest rallies yet, was fueled by a wave of mass individual adoption. Those new investors who entered at Bitcoin’s high have never experienced any of its lows and are panicking.

The mainstream media are also new to this space and have exacerbated the situation by blindly making calls of bubble pops and imminent crashes.

Meanwhile, on the Dow

Bitcoin is being held to higher standards than the equities markets, it seems, as mainstream media continues to write obituaries for the digital currency. Simultaneously, the Dow Jones has managed to break records not even seen in the collapse of 2008, yet the media’s reporting is far more subdued. The Dow’s 1,175 point single-day decline is actually worse than the day the Lehman Brothers imploded.

It’s all relative

There is no question that Bitcoin’s losses are much larger, in percentage terms than the recent drops in equities. However, longtime investors expect much greater volatility from Bitcoin than from stocks. While large rises and drops are expected of Bitcoin, experts have led investors to believe that equities will keep going up, with no end in sight. Pundits are relatively unconcerned about the unusual drop in the Dow, but normal Bitcoin volatility is causing them to sound a death knell for the currency.

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🕵️‍ ICO Watch Eric Eissler

ICOs Performance in 2017 and Outlook For 2018: Review

👁 ICO Watch
It’s time to take what we learned from 2017 ICOs and move forward
ICOs Performance in 2017 and Outlook For 2018: Review

It was a major year for cryptos and ICOs in 2017; they really garnered more attention than ever before. Bitcoin was a major driver of that attention-drawing power because its price went “to the moon” in the course of six months from 3k to 20k by the end of the year.

People were jumping on the Bitcoin bandwagon with the help of Coinbase, which made it easy to buy cryptocurrencies for the average user. Coinbase took in more than $1 bln in revenue in 2017, a large percentage of which it made during the time between Thanksgiving and Christmas.

Besides the Bitcoin craze sweeping the world, altcoins had their days too, and ICO became an acronym that was added to the financial lexicon.

Top 10 ICOs of 2017 by funds raised

1. Filecoin $257 mln

2. Tezos $232 mln

3. EOS $180 mln

4. Bancor $153 mln

5. Status $108 mln

6. MobileGo $53 mln

7. SONM $42 mln

8. Basic Attention Token $35 mln

9. Polybius $31 mln

10. Aeternity $24 mln

The failures

Starting with the bad first.

While there was lots of money raised last year, some estimates put it at $5.6 bln, not all companies were successful after the ICOs.

Many of them, around half of all startups, failed or are in the process of failing.

This is puzzling because the ICOs are raising a lot of investor money meaning that the product or service would have something good to offer. Otherwise, why would investors be laying down their hard-earned cash to support something that has potential, right?

Well, not so much.

Speculation was one of the primary reasons why ICOs raised so much money and then crashed and failed. There were many people out there with the idea that the ICOs would allow them to get rich quick by investing their money in any crypto that came along.

For a time that was sort of true, the crypto market just kept growing and growing, but it was speculative spending that fueled this expansion.

Investors were throwing their money at any newly-launched crypto in hopes of it becoming the next Bitcoin. However, that was not the case.

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Many of the ideas behind theses companies were bad, or the founders got greedy and fought each other sending the company out of control, for example, Paragon and Tezos, respectively.

Paragon tried to get into the legal marijuana industry but found itself up against a wall with Federal regulations and gray areas; not a good mix for business. Tezos had all sorts of legal issues and infighting between the founders and partners, which dragged it down into the ground. Somewhere not just bad business ideas but flat out scams.

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10 ICO scams of 2017

Amounts listed were how much money was stolen in the fake ICO.

  1. ToTheMoon $27 Mln

  2. Plexcoin $15 Mln

  3. Bitcard $5 Mln

  4. Benebit ~$4 Mln

  5. Mybtgwallet.com $3.3 Mln

  6. Confido $375k

  7. PonziCoin $250k

  8. Karbon $200k

  9. HongCoin

  10. BorgDAO

The successes

Despite all the failures and scammers, which have now tainted the ICO and brought the attention of many regulatory bodies, there have been a number of successes. EOS is one of the major successes, which looks to unseat Ethereum as one of the primary smart contract coins.

Aeternity is another coin which uses an oracle and state channels to allow users from around the globe to trade in a trustless way with each other. A major indicator for success was that these companies offered a product or a service that benefited the user, not just another way to payment service.

Outlook 2018

There has been a lot of good, a lot of bad, and a sure lot of ugly that has emerged from the ICO boom of 2017.

From all this chaos will come regulation to settle things down a bit. The scams, however, have been a major black mark on the ICO name, which will require regulation to weed out the bad from the good.

Google and Facebook have also taken a stand on the advertising of ICOs because these companies have deemed them dangerous for consumers.The funny thing is that there are rumors about Facebook being ready to launch its own cryptocurrency.

Card

Conversely, the true beauty of the ICO is that it is unregulated and allows anyone to participate in the ICO, unlike the formal and well-regulated stock markets and securities exchanges, which require a lot of wealth upfront to join.

This year will have more in store for ICOs as they face a more challenging climate to adapt to, growing calls for regulation, and more scrutinization coming down from governments and regulatory agencies. Despite the negative growing climate against ICOs, it should give them all the more they need to adapt, develop, and change in order to beat the negative pressures and regain their former strength with some modifications.  

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Wikicoin George Shnurenko

Qtum Price Prediction 2018: Forecast From Professional Trader

📚 Wikicoin
The article runs about Qtum, a Singapore-based Blockchain technology that bridges Ethereum’s smart contracts
Qtum Price Prediction 2018: Forecast From Professional Trader
Contents

The price prediction for Qtum in 2018 can only be backed by a detailed analysis of the features of the coin. This post provides an insightful forecast of the Qtum platform.

Qtum has come a long way in such a short while. It has risen through the ranks and has grown to become one of the 20 largest cryptocurrencies based on market cap. The aim of this post is to discuss the prospects of Qtum, the competitive features, and most importantly, Qtum price predictions for the year ahead.

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Qtum’s competitors

It is true that the market for Qtum is quite competitive. The first platform offering users the opportunity to build decentralized apps (dApps) is Ethereum. To date, this remains the most popular and the biggest platform in use. Although, there are several other potential long-term competitors.

  1. NEO

Fondly referred to as the Chinese Ethereum, this platform is very similar to Qtum. The edge it has over similar platforms, however, is the close relationship with the Chinese government.

  1. Lisk

This is a platform which has outlined an impressive roadmap for the next few years. It plans to establish a decentralized crypto exchange and this exchange could make it one of the “next best things.”

  1. Cardano

A brainchild of one of the founders of Ethereum, this platform is expected to cause a paradigm shift in the crypto world.

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Why is Qtum expected to grow?

Usually, in the world of cryptocurrency, certain factors are telling of success or failure. Qtum has demonstrated several attributes which leads analysts and experts to believe that Qtum is headed for the top. Some of these reasons are discussed below.

Scarcity is imminent

Ideally, cryptocurrency is driven by demand and supply. A typical example is Bitcoin’s hastened rise to fame in 2017, a period of awe (when the price of one BTC peaked at $20,000) and dismay (when it fell like a pack of dominoes).

This time, Qtum coin prediction is soaring because there’s an impending scarcity. The currency has a supply cap of 100,647,552, and according to CMC, 88,647,552 is currently in circulation. With only a quarter left to be issued, the coin will become scarce and this will cause a concomitant increase in price.

The market cap and availability

A trading pair includes two currencies which are offered for trading. The CMC, at the moment, lists about 101 Qtum trading pairs which are available on over 25 exchanges. The total value of Qtum is also estimated to be 1,222,981,627. As it stands, it is the 20th largest crypto in the market.

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Partnership

Qtum has plans to enter into a partnership with certain entities in a bid to intensify the ongoing competition in the crypto market and these partnerships will certainly influence Qtum price prediction. Two of the major partnerships imminent are discussed below.

  1. Starbucks

The giant coffee chain, Starbucks, is currently in negotiation with Qtum and it is expected to be long-term. If the idea pans out, this will further improve Qtum coin price prediction.

  1. 360 Finance

Despite the success recorded by cryptocurrency in recent years, financial experts posit that crypto is miles away from being regarded as a standard means of exchange. Qtum is currently working on developing a world-class blockchain research center, leveraging the help of 360 Finance, a Chinese financial technology company.

This partnership will not only give Qtum an easier entrance into the Chinese market, it would also go a long way in convincing investors of the viability of the currency. This will invariably better the price prediction.

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Marketing

Qtum’s marketing team definitely deserves some accolades! One major reason behind the favorable prediction for Qtum is its appearance on BlockShow Asia. However, this isn’t the only marketing strategy in place. In February 2018, a Blockchain was launched into space courtesy of Qtum. The decentralized app, SpaceChain, in collaboration with Qtum, initiated this idea to tout the concept of space exploration and a decentralized Internet.

Qtum price prediction 2018

2018 is the year of the Blockchain and Qtum enthusiasts will agree with this. Coinlinker published a Qtum price prediction report which gives the users a cause to smile. Within a year, they expect the price of Qtum to peak at $121.7.

WalletInvestor, on the other hand, doesn’t show confidence in the coin, proposing that it’ll be selling for $22.24 within a year.

However, the truth can sometimes be a bitter pill to swallow. Currently, it is selling at $8.84. A few months ago in January, the price peaked at $100.00. These are obviously extremes but this peak price of $100 doesn’t appear sustainable (the average is around $20). Considering this, the price prediction for Qtum in 2018 shouldn’t exceed $30.

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Qtum price prediction 2020

Five years from now, Coinlinker expects this coin to reach $609.0 while WalletInvestor posits that $59.77 is a more ideal figure. These two Qtum price predictions are quite extreme and we can expect Qtum to prove both of them wrong and sell for around $300 in the next few years.

Conclusion

Like every investor knows, the crypto world is one volatile pot. It is possible for Qtum to surpass every expectation and sell for a thousand dollars. It isn’t advisable to invest because of short-term gains or greed. It is always better to carry out assiduous research and make informed investment decisions.

Wikicoin
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