• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

Qtum (QTUM) breaks out from a falling wedge pattern, signals a 70% surge

by July 18, 2024
written by July 18, 2024

The latest Bitcoin (BTC) jump past $65K triggered notable upsurges in the altcoin market.

That saw Qtum (QTUM) recording impressive upticks, which saw it overpowering a falling wedge on the daily chart.

#QTUMUSDT

UPDATE

Falling wedge has already breakout in 1D time frame ✅

Expecting massive Bullish wave 📈#QTUMUSDT #QTUM #QTUMBTC #BTC #CRYPTO #QTUM
$ALICE $DAR $DYM $RPL $TLM $BNX pic.twitter.com/mWENjp7WSJ

— Alax Crypto Pro (@Alax_Crypto) July 18, 2024

The breakout suggests a potential end of a prolonged decline, indicating an upcoming bullish wave for QTUM.

The prevailing setup points to a more than 70% increase from the current price, taking the QTUM price above the $4.5 mark.

Recent ecosystem developments and optimistic sentiments in the altcoin market support QTUM’s anticipated recovery.

June updates from the project highlight crucial progress, including the upcoming Qtum-Ethereum bridge.

Qtum June 2024 Updates: https://t.co/0zE5NMSa9l

Qtum <-> Ethereum bridge for USDC stablecoin support has passed 2 audits. Testnet incoming. MetaMask Snap development finished.https://t.co/F2oCmjDvx0 image generator is online, first community event completed. pic.twitter.com/3Ux7RPaj8s

— Qtum (@qtum) July 9, 2024

The Qtum-Ethereum bridge

The bridge aims to boost DeFi and Web3 operations on the QTUM blockchain by integrating stablecoin USD Coin and ERC 20 coins.

We are working on a bridge that will allow Circle USDC and other Ethereum ERC-20 assets to be bridged to the Qtum blockchain. This will enable DeFi and other Web3 technology to operate better on Qtum, even more than before.

QTUM’s current price outlook

The altcoin traded at $2.70 during this publication, following a nearly 20% gain over the past week.

Source: Coinmarketcap

Qtum’s daily trading volume jumped 30% to $54.58 million, indicating massive user activity.

Meanwhile, broad market sentiments remain vital in shaping the altcoin’s near-term trajectory.

Bears resurface after the latest recovery, triggering a 1.07% decline in the global crypto market capitalization.

Bitcoin holds steady above $64.5K as bulls fight back, and the bellwether crypto could reclaim yesterday’s high of $65.95.

Qtum 2024 prediction

The altcoin’s current price is way far from the $92 ATH attained in 2018.

Nevertheless, that shows QTUM has immense growth potential, with movements towards the record peaks translating to massive gains.

Latest trends within the DeFi market and Ethereum-based projects have seen smart contracts flourishing.

Qtum will likely witness increased demand in the financial space. Moreover, its connection with Bitcoin means a robust performance for QTUM when BTC touches levels above $100K.

Besides offering a safe and reliable platform for smart contracts development and implementation, the QTUM blockchain provides services tailored to commercial customers.

Demand from businesses amid broad market rallies will likely propel Qtum to the $6 – $10 price range by 2024-end.

The post Qtum (QTUM) breaks out from a falling wedge pattern, signals a 70% surge appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Is Taiwan Semiconductor stock a buy? Key takeaways from strong Q2 and 2024 guidance
next post
Spotify Q2 earnings preview: SPOT has gained over 55% YTD, is a profit turnaround coming?

related articles

Asian markets open: Nikkei, Hang Seng fall on...

June 12, 2025

Aluminum and steel tariffs spark rise in secondary...

June 12, 2025

Airbus sees aviation boom ahead, global fleet to...

June 12, 2025

US-China trade talks and Washington’s decade-long effort to...

June 12, 2025

Europe markets open: Stoxx 600 dips as UK...

June 12, 2025

UK GDP falls by 0.3% in April as...

June 12, 2025

Gordon Brothers buys Poundland; pledges £80 mn for...

June 12, 2025

Air India plane crash: London-bound flight with 242...

June 12, 2025

Air India plane crash live update: Indian President...

June 12, 2025

Copper remains supported for now even as China...

June 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Here’s what happened during President Trump’s second week in office

    February 1, 2025
  • Trump blasts Massie as ‘the worst Republican Congressman’ and says he’s seeking a challenger to support

    July 22, 2025
  • SENS. BERNIE SANDERS AND JOSH HAWLEY: Cap credit card interest rates at 10%

    February 13, 2025
  • Boeing’s Starliner losses top $2 billion after spacecraft program reports worst year yet

    February 5, 2025
  • Senate Republicans launch effort to ban Chinese nationals from buying land in US

    January 22, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Fat Joe praises Trump healthcare executive order after backing Harris in 2024

    February 26, 2025
  • Long TSLA: anticipate bullish breakout and support retest amidst strong deliveries, AI advancements, and expansion

    July 23, 2024
  • ‘China is our enemy’: GOP lawmaker shoots down Chinese spy balloon in new ad

    October 16, 2024

Recent Posts

  • Hakeem Jeffries breaks Kevin McCarthy record while stalling Trump’s ‘big, beautiful bill’

    July 3, 2025
  • European prime minister resigns after protests over past financial dealings

    July 31, 2025
  • VP Harris could face more scrutiny from GOP if she assumes presidency: expert

    July 23, 2024

Editor’s Pick

  • Ukraine, North Korean troops clash for first time; Zelenskyy warns of escalation

    November 6, 2024
  • Thomas Massie says he feels ‘misled’ by Trump after Iran strikes: ‘He’s engaged in war’

    June 22, 2025
  • Major Russia-Ukraine prisoner swap is underway, official says

    May 23, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock