Analyzing Qtum - Is It Worth Your Attention?
Time for a fresh look at Qtum. The market dynamics here are worth examining closely.
📈 Current Price Action
At $1.47, the price action has been relatively stable lately. The weekly trend has been fairly sideways, suggesting consolidation. The monthly chart shows significant correction from recent highs.
Qtum price movement over the last 7 days
💰 Market Metrics
Market cap stands at $155.78M, placing it at rank #330. With $8.59M in 24h volume, we're looking at healthy trading.
| Metric | Value |
|---|---|
| Current Price | $1.47 |
| 24h Change | +1.51% |
| 7d Change | -4.27% |
| 30d Change | -25.35% |
| Market Cap | $155.78M |
| 24h Volume | $8.59M |
| Market Rank | #330 |
🪙 Supply Dynamics
Currently $105.92M coins are circulating from a total supply of $107.82M.
📊 Historical Context
The all-time high was $100.22, and we're currently 98.53% below that level. The all-time low sits at $0.78, which means we're 87.80% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.
🤔 My Take
From a technical standpoint, Qtum is in a consolidation phase. The price structure show room for growth if fundamentals improve.
As with any crypto investment, only allocate what you can afford to lose.
🎯 Final Thoughts
There you have it - my breakdown of Qtum. The metrics tell a story, but everyone interprets data differently. What do you see that I might have missed?
This is not financial advice. Always do your own research before making investment decisions.
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