QTUM has increased its price by more than 90% in just over a week, giving old investors hope that the project is coming back to life.
The Proof of Stake Blockchain has just released its new roadmap for 2024, essentially giving the coin fuel for a higher price increase in the future.
QTUM’s Price Surge
QTUM just rose about 95.5% since January 24th, 2024 which evidently has given new investors hope that the project is coming back to life.
The narrative around QTUM is currently negative, because of the lack of publicity and marketing while showing slow signs of development since its glory days in the two previous bull market.
It is considered an older generation blockchain since it has been around for about two cycles now, setting its all time high at the 2017 bull market but has been decreasing since.
The movement of QTUM has made it obvious that most investors only look at this coin during bull markets as the price only surged when the market is nearing its peak.
In the 2021 bull market, QTUM only increased in 2021, whereas previously in 2018 to 2020 QTUM went dead silent with consolidations all around.
Currently QTUM has not been impacted much by the market as most of the cryptocurrencies are already rising and preparing for a correction while QTUM is just starting to prepare for its price increase.
Looking at the end of 2023, while most of the other cryptocurrencies are going up, QTUM stays in a consolidation, which makes it perfect for investors looking for cryptos that are late to the pre-halving bull party.
Currently QTUM still has room to grow until its next price resistance which is around $8, giving potential price gain of around 50% from its current price.
But, this will only be possible if volume keeps on increasing around QTUM and the overall positive sentiment stays around this blockchain.
New Roadmap Pushes Price Higher
One of the things that might keep the positive conditions around QTUM is the launch of its new 2024 roadmap, specifically the roadmap for January until April 2024.
In the roadmap, it is specified that QTUM will launch new mechanisms to integrate with the new upgraded Ethereum later one while also creating new integrations with Bitcoin.
This means that potentially QTUM might become a layer two network for both of them. While there is no clear detailed plans yet around the integration plan, this gives holders hope that QTUM might be more active in the upcoming months.
Alongside those integration plans, QTUM also stated that there will be more new projects being developed on it, essentially giving hints that transaction volume and the utility of QTUM will increase heading into the predicted bull market.
This roadmap has successfully resurrected investors' hope as it brings QTUM back to life from being just a stagnan ordinary Proof of Stake Blockchains with high hopes.
It is interesting to see how the development goes especially around the integrations with the two biggest blockchains in the crypto space, which are Bitcoin and Ethereum.
Considering the bull market narrative is centered around those two blockchains, especially with BItcoin being more active than before, QTUM might get a lifeline in the next bull market where its price might rise again, hopefully breaking the cycle of not being able to break through its previous market highs.
Even though it seems positive, it is worth to note that all of these plans are still plans and still has an unclear future which might create volatility for its holder in the future.
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