Opinion: Reasons why Qtum investors should watch the present trend

644
Opinion: Reasons why Qtum investors should watch the present trend
Advertisement
   

Some things are learnt by observation and the investors who had placed in some fund into the Qtum project have some reasons to be watching in other avoid losing some bulk part of their investments.
For the following reasons, investors should be careful of the minable coin Qtum:
1) Qtum has reduced in value by more than a quarter in May
2) The trading volume of the coin has dropped by 11.65%
3) It has little stake in major exchanges
Qtum has reduced in value by more than a quarter in May
I n the second quarter of 2018, the value of Qtum rose to $25.60 which is its highest value for the quarter so far. However, between May 1, 2018 and May 11, 2018 the price dropped from $22.77 to $ 16.23. This represents a loss by $6.54 and a percentage decrease in value by 28.72%. If this trend continues, the price could be reduced to $8.25 by first week of June 2018.
The trading volume of the coin has dropped by 11.65%
Within the last 48 hours, Qtum was in the 20th position while Binance coin was in 21st position in market capitalization. However, Qtum is in the 21st position and binance coin is in the 20th position. From May 1,2018 to May 11,2018 the trading volume of reduced from 229,135,000 Qtum to 202,450,000 Qtum within 11 days. This is equal to a percentage decrease by 11.65%.
However, it has been noted in the market that the higher the trading volume the more tendency the price of a coin or token tend to rise. So, this decrease in trading volume could be as a result of low public interest.

Low interest from major exchanges

From the market analysis of qtum, it could be seen that it is most trading in a market that is not well known called Lbank. And the entire trading volume of some known exchanges like Binance,Okex,bithumb,Upbit,Huobi is almost equal to the total trading volume of Qtum in Lbank. Hence, the low interest of this major exchanges in the coin should be observed.

Opinion

If this trend does not change soon, investors in Qtum could be prone to losing most of their fund to this negative trend.