Category: Qtum

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Algorand Burger Swap Crypto News Market Analysis Qtum Trading

Top 3 Coins to Watch Today: BURGER, QTUM, ALGO – August 17 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Burger Swap (BURGER)

BurgerSwap BURGER is one of the first democratised, decentralised automated market makers (AMMs) on the Binance Smart Chain (BSC). It was built without the control of any centralised authorities through the use of smart contracts. BURGER token staking allows any user to create proposals and influence the adjustment of transaction fees, block rewards, and other system parameters of the Burger Swap exchange via voting.

BURGER Price Analysis

At the time of writing, BURGER is ranked the 470th cryptocurrency globally and the current price is US$1.56. Let’s take a look at the chart below for price analysis:

Source: TradingView

After a 45% retracement from its June highs, BURGER found a temporary low near $1.45. A recent move above $1.70 could be the first sign of a bullish shift but could also be a stop run before the next drop lower. 

If the market adopts a more bullish tone, the price could run through the most recent swing high. If this bounce occurs, it would likely find some resistance near $1.93, possibly reaching up to $2.10.

However, a move below the closest support near $1.40 makes stop runs on the swing lows near $1.35 and $1.26 likely. A confluence of several levels near $1.15 could provide a temporary bounce. Still, a sustained bullish market will likely target $2.00 and even $2.07.

2. Quantum (QTUM)

Quantum QTUM is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol, aiming to bring together the strengths of Bitcoin and Ethereum in one chain. QTUM is built on Bitcoin’s UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. 

QTUM Price Analysis

At the time of writing, QTUM is ranked the 99th cryptocurrency globally and the current price is US$4.02. Let’s take a look at the chart below for price analysis:

Source: TradingView

QTUM retraced 70% from its Q2 highs before forming a new low near a cluster of older relatively equal lows in late June.

Last week’s sharp rally reached probable resistance near $4.67. This level is near the 61.8% and 78.6% retracements of the last significant move upward.

Possible support rests just below the monthly open, near $3.80. This area saw significant consolidation in late July. It remains to be seen whether this is a run on bears’ stops before a more substantial move down, or a bullish shift in market structure that could lead to a more significant rally.

With the overall market being bearish and significant numbers of equal lows enticing bears below, traders may want to watch possible support near $3.65. This area is inefficiently traded and borders the last accumulation before Q1’s stunning rally.

Suppose this is the start of a more significant rally. In which case bulls might target $4.38, where higher timeframes show an inefficiently traded area near multiple bearish rejections during December 2021. A powerful bullish swing could reach up to $5.20, where early December saw inefficient trading and the bulk of Q3 2021’s trading took place.

3. Algorand (ALGO)

The Algorand ALGO blockchain is a permissionless, pure proof-of-stake blockchain protocol. Unlike proof-of-work (PoW) blockchains, where the root block must be validated by randomly selected validators (using computing power), in the pure proof-of-stake approach all of the validators are known to one another and only have to agree on the next block in order to create a new block. Algorand was invented to speed up transactions and improve efficiency in response to the slow transaction times of Bitcoin and other blockchains.

ALGO Price Analysis

At the time of writing, ALGO is ranked the 30th cryptocurrency globally and the current price is US$0.3545. Let’s take a look at the chart below for price analysis:

Source: TradingView

After creating a second equal low during last month, ALGO gained nearly 20% into resistance that starts near $0.4022.

Swing traders looking for a continuation to the nearest cluster of relatively equal highs around $0.4712 might look for bids near $0.5326. More significant resistance rests above, near $0.5925. A group of significant swing highs at $0.6310 and $0.6518 provide possible targets if this resistance breaks.

A stop run on the recent low at $0.3071 into possible support beginning near $0.2430 might see stronger bidding. This area also has a confluence with the recent monthly lows.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Crypto News IoTeX Market Analysis Qtum THORChain Trading

Top 3 Coins to Watch Today: IOTX, QTUM, RUNE – March 22 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. IoTeX (IOTX)

IoTeX IOTX has built a decentralised platform with the aim of empowering the open economics for machines – an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives. IoTeX is the decentralised backbone for machine economics, which serves machines ranging from smart home devices to autonomous vehicles.

IOTX Price Analysis

At the time of writing, IOTX is ranked the 96th cryptocurrency globally and the current price is US$0.07691. Let’s take a look at the chart below for price analysis:

Source: TradingView

By late February, IOTX had retraced 76% from its November high as it created relatively equal lows near $0.06206.

Just above these lows, the price is testing possible support near $0.07245. This level saw accumulation in early March and could support at least a short move upward.

If this level instead breaks and the price drops, bears could be aiming for an inefficiently traded area between $0.05215 and $0.03327. This area is under multiple relatively equal lows that have been in place since late Q3 2021, providing an appealing target for bears. 

However, a move into probable resistance near $0.08318 could occur first, even if the price later breaks down. This level is a range high for a significant amount of trading during Q1 2022.

If this resistance breaks, the price could reach the next probable resistance near $0.09316, where it consolidated before mid-February’s breakdown.

2. Quantum (QTUM)

Quantum QTUM is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoin and Ethereum in one chain. QTUM is built on Bitcoin’s UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. 

QTUM Price Analysis

At the time of writing, QTUM is ranked the 100th cryptocurrency globally and the current price is US$6.76. Let’s take a look at the chart below for price analysis:

Source: TradingView

QTUM retraced 74% from its November high before forming a new low near a cluster of older relatively equal lows in late January.

Last week’s sharp rally reached probable resistance near $7.12. This level is near the 61.8% and 78.6% retracements of the last significant move upward.

Possible support rests just below the March open, near $6.27. This area saw significant consolidation in late February and early March. It remains to be seen whether this is a run on bears’ stops before a more substantial move down – or a bullish shift in market structure that could lead to a more significant rally.

With the overall market being bearish and significant numbers of equal lows enticing bears below, traders may want to watch possible support near $4.10. This area is inefficiently traded and borders the last accumulation before Q1 2021’s stunning rally.

Suppose this is the start of a more significant rally. In that case, bulls might target $10.18, where higher timeframes show an inefficiently traded area near multiple bearish rejections during December. A powerful bullish swing could reach up to $11.75, where early December saw inefficient trading and the bulk of Q3 2021’s trading took place.

3. THORChain (RUNE)

ThorChain RUNE is a decentralised liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process. The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain’s Sybil resistance mechanisms – since THORChain nodes must commit a minimum of 1 million RUNE to participate in its rotating consensus process.

RUNE Price Analysis

At the time of writing, RUNE is ranked the 47th cryptocurrency globally and the current price is US$8.61. Let’s take a look at the chart below for price analysis:

Source: TradingView

RUNE abruptly rallied after retracing nearly 83% from its November high, climbing 218% from its late February low.

Bulls are currently taking profits in a contested area between $8.28 and $9.23. This area saw inefficient trading on higher timeframes. It could serve as support if the price trades through its high end and retests it – or as resistance if the price breaks back below.

The closest support rests just below, near $8.21. The old high at this level could support a rally into resistance near $9.50.

A move through the closest resistance might target the consolidation midpoint near $10.80, near the 27% extension of the current rally. If this level breaks, bulls might target an inefficient area near $12.89 and beyond.

If the price rejects from this level and breaks the closest support, it could find support near the midpoint of the current range and 2022 yearly open, near $6.09. The price might also find support slightly below near the 61.8% retracement level, around $5.98.

If these supports break, bears might be targeting four relatively equal lows near $3.10, under the March monthly open.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Binance Coin Crypto News Market Analysis Qtum Trading

Top 3 Coins to Watch Today: BNB, ONE, QTUM – January 24 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Binance Coin (BNB)

Binance BNB is the biggest cryptocurrency exchange globally, based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of world financial activity. Aside from being the largest cryptocurrency exchange, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. Binance Coin is an integral part of the successful functioning of many of the Binance sub-projects.

BNB Price Analysis

At the time of writing, BNB is ranked the 4th cryptocurrency globally and the current price is US$372.49. Let’s take a look at the chart below for price analysis:

Source: TradingView

After a 35% decline during January, BNB has ranged between $369 and $410.

The recent price recovery was approaching probable resistance near $388, but could be aiming for stops above the relatively equal highs near $395. Continuation of the trend could target the daily gap near $415.

Aggressive bulls might add to positions near $370 and $365. Price action near $360 may be more likely to provide support – if it gets there – during any retracements.

Relatively equal lows clustered around $354 seem likely to be swept if the bearish trend resumes. If this move occurs, the price might find support at the significant higher-timeframe level near $340.

2. Harmony (ONE)

Harmony ONE is a blockchain platform designed to facilitate the creation and use of decentralised applications (DApps). The network aims to innovate the way decentralised applications work by focusing on random state sharding, which allows creating blocks in seconds. Harmony was expected to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.

ONE Price Analysis

At the time of writing, ONE is ranked the 47th cryptocurrency globally and the current price is US$0.2035. Let’s take a look at the chart below for price analysis:

Source: TradingView

ONE‘s rally during January retraced over 55% after the price explored new monthly highs.

Resistance was formed near $0.3315 and $0.3095. With an uncertain market and traders potentially selling, these areas could continue to provide resistance and perhaps prompt a steeper move downward.

The recent market crash, overlapping with the last major down leg’s 41.8% and 55.6% retracements from $0.2167 to $0.2010, could mark an area of support. Inside this zone, $0.1940 to $0.1886 could provide a more sensitive reaction. 

A more extended downtrend might reach possible support between $0.1789 and $0.1634, near the origin of the last significant bullish move.

On the other hand, if altcoins resume their recovery trends, the 25% extension near $0.2820 could be the next area of significant profit-taking by bulls.

3. Quantum (QTUM)

Quantum QTUM is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoin and Ethereum in one chain. QTUM is built on Bitcoin’s UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. 

QTUM Price Analysis

At the time of writing, QTUM is ranked the 104th cryptocurrency globally and the current price is US$5.63. Let’s take a look at the chart below for price analysis:

Source: TradingView

After dropping almost 80% from December, QTUM has been consolidating on previous price supports.

The recent sweep of the lows near $6.30 could set the stage for at least a short rally higher, with bulls possibly buying near $6.42 for a move toward the relatively equal highs near $6.59. A close over these highs might hint at a longer-term move toward probable resistance near $6.90, likely following a retracement.

Rejection from possible resistance near $5.80, potentially including a sweep of the highs around $5.94, could signal a run to the swing low near $5.40. If this move occurs, bears might target the swing low and support near $5.30 and $5.16.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Cardano Crypto News Market Analysis Qtum Solana Trading

Top 3 Coins to Watch Today: ADA, SOL, QTUM – November 4 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Cardano (ADA)

Cardano ADA is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals”, helping to create a society that is more secure, transparent, and fair.

Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.

ADA Price Analysis

At the time of writing, ADA is ranked the 5th cryptocurrency globally and the current price is A$2.78. Let’s take a look at the chart below for price analysis:

Source: TradingView

ADA‘s nearly 56% drop from its August highs found a low near A$2.38 in September before closing over a short-term high around A$2.94.

This daily close over the high could signal a shift in market structure that might reach probable resistance near A$3.14. A sustained bullish move may target the swing high at A$3.25. If this stop run occurs, a run beyond the high into probable resistance near A$3.29 and A$3.36 is possible.

Bulls could buy a retracement to possible support near A$2.73, just above the monthly open. A bearish turn in the marketplace may propel the price toward possible support near A$2.68. 

However, relatively equal lows near A$2.65 and A$2.60 provide an attractive target for bears if the market resumes its bearish trend. A run on these lows might find support between A$2.57 and A$2.52.

1. Solana (SOL)

Solana SOL is a highly functional open-source project that banks on blockchain technology’s permissionless nature to provide decentralised finance (DeFi) solutions. The Solana protocol is designed to facilitate decentralised app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

SOL Price Analysis

At the time of writing, SOL is ranked the 6th cryptocurrency globally and the current price is A$301.55. Let’s take a look at the chart below for price analysis:

Source: TradingView

SOL retraced nearly 65% from its high before finding a low in late September. Since then, the price has been sweeping stops on both sides of its local range as the current consolidation sets up the next move.

Aggressive bulls might bid near A$276, although a sweep of the stops near A$270 could reach below the next swing low into possible support near A$262. A continued downtrend might run into the weekly gap near A$245.

Some bears might add more shorts near A$290, although a push to A$315 is reasonable. A daily candle close over the swing high near A$339 could suggest that a longer-term trend reversal may be in play, with bulls possibly entering on a retracement near A$354.

3. Quantum (QTUM)

Quantum QTUM is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoin and Ethereum in one chain. QTUM is built on Bitcoin’s UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications.

QTUM Price Analysis

At the time of writing, QTUM is ranked the 80th cryptocurrency globally and the current price is A$21.33. Let’s take a look at the chart below for price analysis:

Source: TradingView

After dropping almost 85% from its highs, QTUM has been consolidating in a range for the second half of Q3.

The recent sweep of the lows near A$16.45 could set the stage for at least a short rally higher, with bulls possibly buying near A$19.22 for a move toward the relatively equal highs near $24.68. A close over these highs might hint at a longer-term move toward probable resistance near A$28.30, likely following a retracement.

Rejection from possible resistance near A$23.12, potentially including a sweep of the highs around A$22.96, could signal a run to the swing low near A$18.35. If this move occurs, bears might target the swing low and support near A$17.44 and A$16.89.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Basic Attention Token Binance Coin Bitcoin ChainLink Chiliz Coin Crypto News Cryptocurrencies Dogecoin Ethereum Qtum Ripple Theta

Sam’s Crypto HODL List – May 2021

Following on from my article about 5 Crypto Coins That Could Have a Great 2021, I’ve had a lot of questions lately about what cryptos I like at the moment. So here is the shortlist, and the reasons why I like them.

Disclaimer: Before you continue reading, please note that I am not a financial advisor, nor do not recommend you buy any of these cryptos mentioned below. I also change my positions constantly and may or may not be holding these coins. This is just a list of those coins which I like at the moment and providing some commentary for educational purposes only to help people learn about these exciting projects. For the latest coin prices see the cryptos page.

Bitcoin

BTC / Rank #1 / Price A$51,000

BTC is the first cryptocurrency and the godfather driving the market. Over the years, I’ve learned that it is foolish not to have some BTC in the portfolio, because it tends to act independently to the other cryptocurrencies. What percentage of BTC of the total portfolio is totally up to you, something around 50% is not unusual to see.

With its inelastic supply and growing demand, it’s hard not to see continued upside as it averages around 200% per year over the past 10 years. We’re also seeing lots of institutional money flowing into BTC as big companies add BTC to their balance sheets as a “hedge” and “store of value”.

I would also say that there is also speculation that BTC may eventually replace the US Dollar and become unit of account for the worldwide economy. Could we be comparing the price of goods in Satoshi’s in future years to come?

Ethereum

ETH / Rank #2 / Price A$3,800

While Bitcoin is seen as a “store of value”, Ethereum is powering the new crypto economy. Bitcoin currently has scaling and environmental issues while Ethereum is quickly evolving to address those issues.

As a computer programmer myself, as soon as I heard “Ethereum is programmable money”, my eyes opened wide and I saw the potential of cryptocurrencies for the future of the economy.

Ethereum has some very promising use cases especially with Decentralised Finance (DeFi), Non-fungible Tokens (NFTs), and Decentralised Exchanges (DEXs).

Compared to Bitcoin’s 200% average return per year, Ethereum has averaged 400% per year so far and is on target to outperform BTC once again this year.

Binance Coin

BNB / Rank #3 / Price A$550

Binance has evolved into a worldwide cryptocurrency exchange juggernaut since it started in 2017. At the moment, it is the easiest and best place to do your crypto trading. Before it came along, other platforms were terrible and hard to use with high fees.

They are also starting to expand their services into other markets such as DeFi with Binance Smart Chain, crypto loans, and crypto debit cards coming to Australia later this year.

It’s crazy to think that BNB was only $2 back in 2018 and now it is over $600. I can only see upside for Binance as their ecosystem expands rapidly as they buy up big companies such as CoinMarketCap and are set to Acquire 20-30 Crypto Startups Yearly.

Chiliz Coin

CHZ / Rank #59 / Price A$0.48

Chilliz launched in 2020 to power the new sports fan token economy. These tokens act like a royalty program for fans and also can provide other benefits such as voting, connecting fans directly with clubs and players.

Since launching, CHZ has already increased over 7,000% in price and I can only see more upside for the project. My research into this coin revealed that there are currently no major competitors in the space. Their business model also looks quite clever, as they list new tokens (like in the case of UFC) on pre-sale, then the coin is actually added once the partnership is officially approved.

As clubs see the potential to raise funds through this new revenue stream, they will launch their tokens and form partnerships with Chilliz and Socios as a way to not only raise funds but engage with their fans. We’ve already seen big football clubs join such as Manchester City, Barcelona, Juventus and other sports such as UFC and Formula 1.

Chainlink

LINK / Rank #13 / Price A$47

Chainlink is a project that connects real-world data with blockchain data. As a computer programmer, I can see the power of this technology and the need for timely, accurate, and trusted data.

Moving forward I can see a huge demand to sync the real world and the virtual world. This could be something simple like a weather forecast, or more complicated like tokenized partial ownership of real estate.

Together with this and its exceptionally regarded oracles that manage the security and integrity of the network it can only be a very strong “middleman” for the further advancements of blockchain and decentralized finance.

Basic Attention Token

BAT / Rank #72 / Price A$1.26

Basic Attention Token is a decentralized platform built on Ethereum. It rewards you for your attention, if you see an ad, you get paid in BAT through the Brave Browser.

The utility of rewarding people for their attention is quite a powerful concept, especially if you are shown the ads your interested in.

The project is currently advancing by developing a DEX (decentralized exchange) which should add tremendous value to the project’s already 3 million monthly users.

Theta

THETA / Rank #20 / Price A$11

Theta is one of the leading projects that is providing decentraliszed bandwidth through peer-to-peer networking. Other features of Theta include Decentralised Video Streaming, Staking, Theta TFUEL, Guardian Nodes, CDNs, Voting, and more.

As more adoption comes to cryptocurrencies and blockchain, one would assume we will need more bandwidth to support scaling worldwide. Theta software was also included in the new Samsung Galaxy S20 smartphones to assist with video streaming and rewarding watchers with TFUEL tokens.

The hypothesis is that as crypto usage grows, then Theta adoption should grow with it.

Cardano

ADA / Rank #6 / Price A$2.26

Cardano is a decentralized blockchain platform, similar to Ethereum. It’s already a proof-of-stake platform which is more environmentally friendly and has implemented further unique scaling technology.

The project has recently impressed with their global inprovement initiatives such as Bringing Sustainable Internet Connectivity to users in Africa and 5 Million Students In Ethiopia Set To Get National Identity Solution. This might suggest it has a bright future in improving the world with the use of blockchain technology.

Qtum

QTUM / Rank #66 / Price A$20

The QTUM project is a decentralized platform and blockchain similar to Ethereum. Its purpose is not to compete with Bitcoin and Ethereum, but to bridge the gap between them helping scale transactions at low cost.

The project is heavily committed to DeFi and supporting DeFi projects offering $1 million dollars in rewards to developers who build applications using the Qtum blockchain.

Personally, I think Decentralised Finance (DeFi) is going to be a huge disrupt to how we currently do finance worldwide. Frameworks like Ethereum and Qtum, which support DeFi projects can only have an upside in the future as they contribute to the rise of DeFi.

Ripple (XRP)

XRP / Rank #7 / Price A$1.84

Ripple (XRP) is a cryptocurrency platform and blockchain similar to Ethereum. The project is attempting to become the facilitator for global payments between financial institutions.

XRP has had both good and bad press over the years. Initially, the sentiment was very bullish due to the rumors that banks may use it for liquidity and large global transactions. However, since then, it has been involved in lawsuits lessening its appeal.

Recently they announced plans for Ripple To Go Public After Lawsuit Settlement which has shed some light that there may be some potential for a comeback in sentiment. After running crypto news for the past few years I’ve seen that the 2 most popular coins in Australia are DOGE and XRP.

Dogecoin

DOGE / Rank #5 / Price A$0.53

Dogecoin (DOGE) started as a joke when a developer cloned Bitcoin’s code and stuck a dog meme as the logo, back in 2013. Since then it has gained tremendous popularity and it seems you can’t go a single day without seeing that cheeky dog face.

I generally don’t invest in “jokecoins”, also referred to as “shitcoins” that have little to no utility. However, DOGE is an exception, due to its strong social appeal. Its “meme value” is so high within the crypto community and this provides free marketing for the coin.

Back in 2017, I underestimated the power of social media when DOGE was only $0.00023, and this year it almost reached $1 earlier this year – that’s over 400,000% gain in just 3-4 years.

As the crypto market grows and more people join in the frenzy, DOGE could be the one they buy as a speculation. However, I think it will only end badly for those people buying DOGE at all-time high prices, when the market turns, the shitcoins could drop to nothing, only the quality projects will survive long term.

Conclusions

It’s crazy how back in 2016 the prices were so low compared to now. I wonder if we will be shocked again in another 4-5 years from now…

If you’re interested in buying any of these coins then head over to one of our trusted Partners: CoinJar, Swyftx, or Binance to get started. You can compare the exchanges here.

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Crypto News Mining Qtum

What to Expect From the Qtum Hard Fork 30 April

QTUM hard fork allows for faster block creation and the addition of a multi-threaded optimised staker (which reduces the usage of computer resources) is available for immediate use with the v0.20.2 update.

QTUM founder Patrick Dai announced on Twitter the release of Fast Lane v0.20.2. According to the tweet, it is estimated that the hard fork will take place on April 30.

Faster Block Creation

As detailed on QTUM blog and discussed in an interview, Jordan Earls (Co-Founder QTUM) stated that the hard fork “decreases our block time to 32 seconds, which means that on average every 32 seconds, a new block of transactions is appended to the blockchain. Instead of 128 seconds (about 2 minutes) as we had in the past.”

Qtum blog

As seen by the increase of the network weight, the new staker is more efficient. If block are created more regularly, miners receive Qtum more regularly, resulting in faster validation of transactions and block creation.

The upgraded staker will benefit all stakers with reduced CPU utilization and multiple threads and will be especially beneficial for stakers with large (> 5,000) UTXO sets.

Qtum

Comparing the performance of v0.20.1 with the new staker in v0.20.2 on a Raspberry Pi 3B (4 core 1.2 GHz CPU with 1 GB RAM and swap file) on the testnet staking 10,000 UTXOs. As seen in the image below v0.20.1 runs Qtum-Qt with a steady 100% CPU utilization whereas v0.20.2 runs at only a few % CPU utilization. Showing that the update reduces computer resource usage for assisting in the Proof-of Stake consensus.

Qtum blog

We believe proof of stake is the morally right thing to do instead of burning tons of electricity to throw it away on cryptographic hashes meeting some condition, and our algorithm is unique in that anyone can stake […].

Jordan Earls, Co-Founder QTUM

What about current native Qtum tokens?

QTUM is used both as a currency due to our UTXO compatibility and fuel to our smart contract ecosystem. Analogous to ETH in Ethereum, QTUM is used to fuel the smart contract that builds out our DeFi money legos, among other things.

Jordan Earls, Co-Founder QTUM

This is a hard fork to upgrade features on the blockchain, and no new coin will be created. The upgrade for the hard fork only applies to the Qtum Core wallets Qtum-Qt and qtumd, no other wallets.

Jackson Belove on Qtum blog

An Exciting Year for Qtum

Qtum is also looking towards the DeFi and DApp space in the future. The project is in a unique position where they can combine the security aspects of the Bitcoin Protocol and Ethereum smart contracts so that they can enable products like NFTs, exchanges, and DeFi functionality.