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Qtum Update 0.20.0 and Recent Breakout

TQtum version 0.20.0 version update and hard fork implementation will change everything.

After making an all-time high of 89$ with 1.3 trillion dollars overall market capital  0n January 7, 2018, Qtum (pronounced Quantum) touched an all-time low of 1.24 on March 13, 2020. After the date, the coin kept climbing the price at a relatively slower pace.

After the announcement and implementation of the hard fork, Qtum has surged to a new high of 35.6$, breaking all the important resistances. Hard fork has enabled the altcoin to perform ultra-fast transactions as average block spacing is expected to drop from 128 seconds to 32 seconds. Qtum is expected to 70 transactions per second and makes it more responsive which will make the coin a perfect choice for DeFi, gaming applications, and NFT mining tokens.bitcoin

Coming to price analysis, Qtum has broken all the significant supports and touched a price mark of 35$. A little price correction is expected to the yellow line but we see a major resistance area turned into huge support near 20$. MACD showcases a positive cross in a positive zone and bulls seem to remain in control.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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