Qtum (QTUM) price prediction 2018 | finder.com
qtum-shutterstock

Qtum (QTUM) price prediction 2018

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

What factors might affect the value of QTUM, and how could its price change this year and beyond?

Qtum (pronounced “Quantum”) is a hybrid blockchain platform focused on the business applications of smart contracts. Built on a bitcoin core fork, it combines bitcoin’s stable blockchain with an Ethereum-like virtual machine.

QTUM is the network’s native token and regularly features in the top 20 cryptocurrencies in terms of market cap. But is this token one you should consider buying, or is it headed for a drop in price?

Learn more Where to buy Qtum (QTUM)

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Quick facts

Coin nameQTUM token
SymbolQTUM
Algorithm typeSHA256
MineableNo
Launch dateMarch 2016

QTUM price prediction

There are several factors that could contribute to the growth or decline of QTUM’s value. Cryptocurrencies are volatile and complicated assets, so you’ll need to research the challenges and opportunities that lie ahead to get a clearer idea of where the price of QTUM could be headed. Some of the factors to take into account are outlined in the table below.

What could drive Qtum’s growth?

  • Supply and demand. According to CoinMarketCap at the time of writing, the circulating supply of QTUM was 73,947,180 out of a total supply of 100,447,180 QTUM. If the Qtum platform can become a leading network for the creation of business-oriented dapps, this will help increase demand for the platform and its native token.
  • Token distribution. Approximately 51% of all QTUM tokens were distributed following the project’s March 2017 crowdsale. Of the remaining tokens, 20% were set aside for Qtum Foundation initiators, early backers and the development team; 20% for business development; and 9% for academic research, education and market expansion.
  • Qtum Foundation. Qtum is directed and supervised by The Qtum Foundation, a nonprofit organization registered in Singapore. Established under the guidance of PwC, the foundation’s role is to “oversee the development of the Qtum Blockchain, advocate governance transparency and promote the safety and harmony of the open-source ecosystem”.
  • Availability. QTUM can be bought and sold on a wide range of cryptocurrency exchanges, which not only makes it easy to access for buyers but also helps lend credibility to what is still a relatively new project.
  • Baofeng partnership. In January 2018, Qtum announced that it had formed a partnership with online audio and video entertainment services provider Baofeng Bokocloud. This agreement will see Qtum’s blockchain help Baofeng with its blockchain consensus network infrastructure, and Baofeng help Qtum run more than 50,000 full nodes on its Bokocloud service (for context, the bitcoin network had, at writing, around 10,000, and Ethereum had 20,000 full nodes).
  • Compatibility. One of Qtum’s strengths is its support of the Ethereum Virtual Machine, which means that Ethereum-based dapps should be able to be easily ported over to Qtum. Plans to support other virtual machines in the future could increase its usefulness.
  • Dapps. More than 50 dapps have already been launched on Qtum, including dapps for Energo, Qbao and Vevue. If a larger number of successful dapps can be created in the months ahead, this will help drive the growth of the platform.

What could hold Qtum back?

  • Lack of widespread adoption. The key to Qtum’s success will be in whether or not it is adopted by major companies. If it can’t create enough partnerships with major corporate names, this could impact the success of the platform and its native token.
  • Stiff competition. There are several other smart-contract platforms battling for market share. The biggest is no doubt Ethereum, but Qtum will also face stiff competition from the likes of NEO, Lisk and EOS. The challenge of dethroning Ethereum and achieving greater popularity than other projects will be a big one.
  • Still in development. While Ethereum is a well-established platform that’s been around since July 2015, Qtum has only been in existence for a much shorter timeframe. While there certainly appears to be plenty of promise behind the platform, it’s still in its early days.
  • Bitcoin and Ethereum problems. As Qtum combines technology from both bitcoin and Ethereum, any tech issues facing those two platforms (for example problems with scalability) could also carry over to Qtum. On the flipside, this also means that Qtum can benefit from bitcoin and Ethereum’s efforts to improve network scalability.

Where to buy QTUM

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Cointree Cryptocurrency Exchange - Global
Cryptocurrency
-
BTC, ETH, BCH, EOS, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, VET, ZIL, ZEC, LSK, DCR, SC, STEEM, GNT, DGB, BAT, KMD, BTG, ADA, DASH, ETC, OIST, LTC, XMR, XEM, NEO, ONT, QTUM, XRP
Buy and trade 30+ cryptocurrencies with no deposit fees.
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Cryptocurrency
Credit card
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Huobi.pro Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, XZC, OMG & 75+ more
Huobi.pro is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Cryptocurrency
Wire transfer
KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VET, XMR, ZEC, MITH, WAVES, WTC, ITC, LINK
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO, XRP, TRX, ZEC & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
KuCoin Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, NUSD, LOC, ZEN & 50+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Bleutrade Cryptocurrency Exchange
Cryptocurrency
-
BTC, BTG, DASH, ZET, XVP, XPM, WDC, VTC, VRC, UNO, TROLL, START, SLR, SLG, RDD, QTUM, PPC, POT, OK, NVC, NMC, NLG, NEOS & 25+ more
Trade an array of cryptocurrencies through this globally accessible exchange based in Brazil.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, BCN, BNT, BTG, CFI, CVC & 70+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.

Compare up to 4 providers

Read our step-by-step guide to find out more about buying Qtum

What’s coming up in Qtum’s roadmap

Future developments and tech upgrades can also affect the price of a cryptocurrency. Qtum’s official roadmap for 2018 and beyond lists some of the key milestones coming up in the future. Unfortunately, unless specified, there are no specific dates to go with these goals:

  • X86 Virtual Machine. This will add more programming language support for smart contracts and provide a range of other benefits. It’s scheduled for Mainnet integration in late 2018.
  • New wallets and wallet support. These include the Qbao Wallet, the Dedge Mobile Wallet and support for the QTUM token on the Ledger Nano S.
  • Lightning Network and Atomic Swap. According to the roadmap, it will take between 6 and 18 months for these to be incorporated into the Qtum Ignition Main Network.
  • Qtum API. A set of APIs for developer usage.
  • Dapp store. A decentralized app store for dapps on the Qtum network.
  • Satellite launch. In February 2018, Qtum announced that it had partnered with the SpaceChain Foundation to launch a blockchain node into space and lower the cost of blockchain usage.

Qtum’s competition

There are several projects that aim to help businesses integrate blockchain technology into their systems and operations. Qtum will face competition from a number of other projects in the coming months, and developments from those competitors could either positively or negatively influence the price of QTUM.

Some of the projects to keep an eye on include:

  • Ethereum (ETH). The world’s second-largest cryptocurrency by market cap is currently the biggest dapps platform on the planet. Launched in July 2015, it’s the project that all other smart-contract platforms are compared against.
  • NEO (NEO). Often referred to as China’s answer to Ethereum, NEO is a platform for the development of digital assets and smart contracts. Launched in August 2014, it’s one of the world’s top 10 cryptocurrencies by market cap.
  • Lisk (LSK). Released in 2016, Lisk aims to make it as easy as possible for developers to create dapps. Built in JavaScript, it’s an open-source platform that gives each dapp its own side chain.
  • Cardano (ADA). A relatively new player on the block, Cardano is still in development but aims to provide complex programmable transfers of value in a secure and scalable fashion. It’s also one of the world’s top 10 cryptocurrencies in terms of market cap.
  • EOS (EOS). Built with the aim of becoming a scalable and easier-to-use version of Ethereum, EOS offers a scalable infrastructure for dapps.

Beyond 2018: What does the future hold for Qtum?

Cryptocurrencies are famously volatile, so making an accurate prediction about the future price of QTUM is no easy task. However, what we know for certain is that there are some big opportunities and challenges coming up for the project.

One of the biggest strengths of Qtum is that it combines some of the best features of bitcoin and Ethereum. It uses a bitcoin-based UTXO blockchain as its settlement layer, so it can take advantage of any upgrades to bitcoin tech, while its use of the Ethereum Virtual Machine means that any projects building on Ethereum can be easily ported to Qtum. The X86 Virtual Machine, scheduled for integration into the network in Q3 2018, should further increase functionality.

Qtum also has some impressive partnerships to its name. As well as the Baofeng Bokocloud agreement mentioned above, it’s also developing a blockchain research laboratory with China’s 360 Finance and has a rumored partnership with coffee giant Starbucks.

However, Qtum does face an uphill battle to achieve widespread adoption. Ethereum is currently the clear leader among the many dapp platforms, and its early-mover advantage means it will be hard to catch. Attracting more partners willing to build and deploy dapps on the Qtum network will be crucial to its success.

Bottom line

Qtum offers interesting technology and is a project that has the potential to make a mark in the highly competitive world of dapps. However, whether or not it can break into the mainstream and become a serious competitor for Ethereum remains to be seen.

With this in mind, make sure you thoroughly research the technology behind Qtum, the potential benefits it offers, as well as any factors that may hamper its chances of success. You’ll then be able to make an informed decision about whether or not to buy any QTUM tokens.


Images: Shutterstock

At the time of writing, the author holds IOTA and XLM.

Tim Falk

A freelance writer with a passion for the written word, Tim loves helping people find the right products for them. When he's not chained to a computer, Tim can usually be found exploring the great outdoors.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy and Cookies Policy and Terms of Use.
Go to site