It would appear today could turn out to be a good day for people who hold Qtum as part of their cryptocurrency portfolio. A very strong push in USD and BTC value has materialized over the past 24 hours. Because of this uptrend, it seems the value of QTUM should surpass $4 with relative ease, although there will be some key resistance levels to overcome.
Qtum Price Continues to Soar
It is an interesting day for people who own Qtum today. After a very bearish trend throughout 2018, it seems the momentum is slowly turning around in favor of this altcoin right now. A very strong gain has pushed the value to $3.9, indicating a further uptrend to $4 is not out of the question whatsoever. Based on the new partnership being announced, that should not take all that long.
Over the past 24 hours, the Qtum price has thrived in both USD and BTC value. A strong 6% gain in USD value is in place, and a similar gain against Bitcoin is to be noted across the exchanges as well. If this trend keeps up, there will be a strong push over the coming hours, and surpassing both $4 and 60,000 Satoshi should be very well within the realm of possibilities.
The main reason why so many people are excited about Qtum as of right now is because of a new partnership with AWS. As part of this new partnership, the use of blockchain technology will be explored even further. The fact Amazon taps Qtum for this specific venture confirms the Chinese project is doing a lot of things right, and their technology is attracting some attention.
I just published QTUM Announces a Historic Partnership with Amazon Web Services https://t.co/JI8jD2wP4R
— QtumOfficial (@QtumOfficial) October 18, 2018
When it comes to arbitrage, cryptocurrencies have plenty of opportunities to look into. In the case of Qtum, it would appear buying on Kraken and selling on either KuCoin or Poloniex is an option worth looking into. All three exchanges are very accessible and commonly used as well, thus liquidity should not pose any real problems whatsoever.
— Arbing Tool (@ArbingTool) October 18, 2018
Moreover, KoinKnight has found another arbitrage opportunity pertaining to Qtum right now. The account claims buying QTUM in INR on Kraken and selling it as CLAM on Cryptopia to be sold on Bittrex, later on, will yield some interesting gains. A very complicated process, although the 16% gain obtained from this method should not be overlooked whatsoever. More effort put in usually results in steeper gains, after all.
— KoinKnight (@KoinKnight) October 17, 2018
With all of this information to keep in mind, no one should be surprised to see the Qtum price surpass $4 before the day is over. That will primarily depend on whether or not the $4 level will serve as a resistance, or can be turned into future support in the coming days. Things are finally coming together for Qtum, which is a pretty interesting trend to keep an eye on.