While the market is in a bearish trend, QTUM, a leading cryptocurrency, won the battle against the bull and experienced a massive surge.
According to CoinMarketCap, at press time, the coin was trading at $2.65 with a market cap of $263.95 million. It recorded a trading volume of $395.08 million, with a hike of over 36% in the past one-hour and over 47% in the past seven days.
More so, the price movement of the coin in the past 24 hours was pictured to be 37% upwards. This has also pushed the coin ahead in terms of market cap placement, as it was seen in the 25th position rather than its usual 30th position.
Qtum price chart | Source: Trading View
The highest trading volume for the cryptocurrency was pouring in from LBank for QTUM/ BTC trading pairs. The second was also recorded on the same exchange but for QTUM/ETH trading pairs. The other top exchanges on the list were UEX, ZB.com, and UpBit.
The price of the coin could have gained momentum because of its recent announcement pertaining to QTUM integration on Zeux Payment platform.
The blog statement read:
“We think so, and that’s why we are pleasantly pleased Zeux has added Qtum to their app to allow just that to happen with their official launch in the UK and a soft launch in the rest of EU (friends in the US, you will have to wait a bit longer).”
The blog also stated that Zeux “reduces the friction” in terms of using QTUM in the real world, and that it “sticks to the nature” of cryptocurrency by enabling zero-fee transactions. This integration would allow QTUM users to use their tokens on any store available on Apple Pay or Samsung Pay.