Following the historic announcement for the 27th largest cryptocurrency by market cap that it has partnered with Amazon Web Service’s or simply AWS, QTUM/USD assumed an upward trend.
After a whole month of trials, hurdles, and flops, the QTUM/USD pair rose above the major $4.20 resistance on 26th October 2018 with 8.12% lift in the last 48 hours.
QTUM’s Price Performance Against Other Coins
If these price surges hold ground, the next target would be $5.10 and then $6.40, which have not been attained since August. Currently, it is followed closely by Maker at 2.06% rise and NEM at 5.07%
As many crypto-inventions followed Bitcoin’s conception with the aim of advancing what is already present and solve existing challenges- QTUM, invented by Singapore based Qtum Foundation, was part of the great wave, which spiked the crypto space.
QTUM uses a more stable Bitcoin chain while offering an application creation atmosphere close to the potential provided by Ethereum.
The project is striving to provide business with an advanced smart contract website, which outspreads functionality couple with a more secure and transparent atmosphere. With the concept of streamlining applications of smart contracts for individual and institutional purposes, Qtum developers had the best idea from Ethereum and Bitcoin.
As mentioned earlier, Qtum teamed up with Amazon Web Service’s (AWS) China division in a historical event. According to the announcement, both companies are looking forward to enlarging the hosting service’s Blockchain-as-a-Service (BaaS) provisions, with the emphasis being based on QTUM’s in-house protocols and services.
Towards the end of last month, Kraken– a major crypto exchange- declared that it was on the verge of listing QTUM and Cardano (ADA). “We are pleased to announce that Kraken will list two new digital currencies- Cardano (ADA) and Quantum (QTUM).