Coin Telegraph
GOOD EVENING STEEMIT!
In the crypto space, we're always looking for the next big thing. We want to get on the next 10 bagger before it has even doubled for the first time.
Well let me introduce you to QTUM!
What is QTUM?
Developed by the QTUM Foundation in Singapore, QTUM are an open source blockchain project.
As a fork of the Bitcoin core and proof of stake consensus, the project was created to be a hybrid blockchain application platform.
The idea of QTUM was to take the best parts of both Bitcoin and Etherium, combining them to create a blockchain project that is described as business friendly.
QTUM believes that the platform will become the one and only that offers stability to business using blockchain technology.
Why QTUM Excites Me
Because of this:
If we're going to get a 10 bagger then we're going to need both hype and a news release.
The above announcement has the release covered and just put the word QTUM into Twitter if you want to see the beginning of a hypetrain being boarded.
QTUM Technical Analysis
Finally, let's move onto the charts.
Unfortunately there's not a lot of price action we have to go on just simply because QTUM is still finding its feet in the crypto world.
But there are a couple of levels which are worth mentioning.
QTUM/USD Daily
With price pulling back again with today's market swing, you can see that a daily support level has clearly formed and held at $10. A nice psychological round number just for an added bonus.
After higher time frame support has held, it's now time to zoom into the hourly chart and look for some short term resistance turned support to buy off.
QTUM/USD Hourly
Ping.
Guys, get around QTUM. Don't let this one be the ten bagger that got away.
Peace.
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