In this guide, we will voice our own and market’s opinion on QTUM future while discussing Qtum price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Qtum.
Now, let’s head into it. Before we delve deep into the Qtum price prediction and answer questions if QTUM is a good investment or not, why will QTUM succeed or fail or why will Qtum price rise or drop, let’s quickly throw a glance at what is QTUM and its to date history.
QTUM Intro
Qtum is an open-source, decentralized Blockchain platform and Value Transfer Protocol. It can execute smart contracts on multiple virtual machines and run environments with Proof-of-Stake consensus.
It is a hybrid Bitcoin and Ethereum blockchain platform. Qtum (pronounced Quantum) was created by adding an account abstraction layer on top of a Bitcoin fork code to allow sidechain integration with blockchain virtual machines like the Ethereum Virtual Machine.
This hybrid model combines the best of both worlds, adding Bitcoin’s value-storing capabilities to Ethereum’s smart-contract platform.
In March 2017, Qtum launched a crowdfunding campaign to seek funds for the development to their new blockchain-based platform. The crowdshare was scheduled to last 30 days, or until all tokens were sold.
Qtum sold over 10 million dollars’ worth of its tokens after only 90 minutes, eventually raising a total value of $15.7 million before stopping the campaign early after only 5 days. They raised a total amount of 11,156.766 bitcoins (BTC) and 77,081.031 ether (ETH) in exchange for the 51 million Qtum tokens being distributed to the public.
Although anyone can use QTUM, the QTUM foundation is focused on business applications of smart contracts. Their goal is facilitating the transition from legacy systems in aging organizations over to blockchain-based solutions that increase automation and decrease cost.
Captainaltcoin’s QTUM Price Prediction 2021
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
QTUM Price Prediction For The Next 90 Days
Below is a tabular overview of how will QTUM develop in the short-term (for the next 90 days), according to our prediction model:
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Qtum Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
QTUM Price Prediction 2025
Our prediction model sees QTUM reaching $ 5.52 in 2025.
What will QTUM be worth in 5 years?
The price of QTUM in 5 years could lie around $ 0, according to CaptainAltcoin’s prediction model.
Qtum Price Prediction 2030 – 2040
What Qtum will be worth in 2030?
Our forecasting model sees Qtum reaching $0 in 2030.
What Qtum will be worth in 2040?
Our forecasting model sees Qtum reaching $0 in 2040.
Will Qtum replace / surpass / overtake Bitcoin?
No, Qtum will not replace or overtake BTC.
Can Qtum reach $100?
No, our prediction model sees no possibility for Qtum to reach $100 in the short or mid-term period.
How high will Qtum go?
Our forecasting model sees Qtum price crashing and dropping to near 0 in a distanced future.
Is Qtum worth buying?
We do not see a bright future for Qtum. It is worth buying only as a short-term speculation with a good exit strategy. Qtum is not a good long-term hold.
Is Qtum a good investment?
Qtum is not a good investment in our opinion. Why? Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven.
Can Qtum make you a millionaire?
No, Qtum can not make you a millionaire as we do not see it doing a 10x price increase any time in the future.
How much will Qtum be worth?
For the short-term future, it could reach $1.61. In the long-term (8-10 years), it will most likely drop to 0 or thereabouts.
Why will Qtum succeed and go up in price?
Qtum has a slim chance of succeeding. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. All of this summed up prevents Qtum to succeed and rise in price for the long-term.
What is the short-term prediction for Qtum?
Qtum will reach $1.61 in the next 90 days, which is a 38.8% change over the current price which hovers around $2.63.
Qtum Price Prediction Today - What will be the price of Qtum tomorrow?
Qtum will hover around $2.67 tomorrow.
Qtum Coin (QTUM) Future Outlook
However, not all projects have the same chance of failing (risk), nor do they have the same potential upside (reward).
As a result of ICO teams’ incompetence and lack of integrity, fueled by basic human instinct that is greed and crypto investors’ naivety, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will QTUM be among those 5%?
Probably no.
While Qtum can run Ethereum smart contracts, there isn’t a lot of a large incentive for developers to start developing on Qtum over Ethereum at present time. Ethereum has 50 times the market cap and 50 times the brand awareness. There’s also a huge community of tooling built up around ETH with its first mover advantage.
Ethereum is not the only problem for Qtum. A whole slew of platforms are emerging and are already taking a good chunk of the market; most notable EOS and Tron but also Stellar that has some unique features attractive for new token launches.
Cardano, Tezos are yet to launch properly, Zilliqa and NEO are still a question mark. These are only the top of the line competitors, a plethora of smaller cap projects are also seeking their place under the blue sky (Stratis, Waves, Nebulas, Ethereum Classic, Lisk, Ark etc).
So the say that competition is fierce, is an understatement.
Additionally, QTUM is not popular in the West. Qtum is relatively unhyped in the West. Even cryptos with smaller market caps like Nano seem to have more passionate fan base in the West. To this day, most of Qtum’s trading volume comes from Asian exchanges.
People on the Korean Qtum community site (https://qtum.or.kr/) are very concerned about the absence of QRC-20 token support on major exchanges. According to them, a number of existing DApps were denied exchange listing already and Qtum Foundation is not doing enough to make it happen.
As 8btc.com writes, over the past year, Qtum has left the impression that it is a gathering place of “broken cryptocoins”- BOT, INK, SPC, HLC, OC, AWR. All these tokens issued on Quantum failed to hold their ICO price after listed on exchanges, some of which even drop close to zero.
Lastly, the overcrowded market for smart contract platforms will take its own natural selection course and eradicate the weak entities while rewarding the strong ones. Qtum is going to have an uphill battle to be in the latter camp.
Read also:
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
