All right, folks!
Today I would like to talk about Qtum. The project is aimed to provide smart-contract solutions and the whitepaper describes Qtum utility advantages compared to the Ethereum alternative.
Qtum is listed on Bittrex since July and during six last months is did not leave the list of top capitalized cryptocurrencies.
Position: 19
Market cap: ca $3 000 000 000
Price: $40
Bitcoin long run took place right after the listing, so during the autumn, like all other altcoins, it was in the hibernate. Later on, during the fall of BTC, Qtum has made x7 an jumped to $75 and later, on the 6th of January, it made an overnight of $85 - the current all-time high.
QTUMETH starting the 4th of January
QTUMBTC starting the 4th of January
Clones.
What I've noticed is an attractive trading corridor between 0,004 and 0,003 BTC
And here is BTCUSD for the same period.
My idea is to use that trading channel instead of BTC/fiat.
I guess, that QTUM can repeat the ETH behavior, and ETH is getting stronger against BTC ETH is getting stronger against BTC. It is about to test 1:10 level once more.
Here is the corridor for QTUMETH:
Less velocity, but also possible.
What do you think about that idea? Does it sound risky?
Thanks for reading!