QTUM Will Begin Rallying Tomorrow Due to Bithumb Listing Rumor

in bitcoin •  2 months ago

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This month has been good to QTUM. It rallies for almost 60% over just 2 weeks. I'm quite disappointed with myself for not catching this rally because I was focusing on Wings DAO since I just discovered that they are opening a DAO forecast market a week ago (Will write about that tomorrow).
Thankfully, yesterday @paperbull generously give me a trade insight in regards of QTUM and the reason of it's rally.

The main reason for this rally is the QTUM's Dev effort to move from ethereum's blockchain and onto it's own blockchain. They call this update as QTUM Ignition. The good news is, tomorrow, October 4th, QTUM's main blockchain will go online!

So what's the big deal?

That's what I ask myself at first. But turns out, this is a huge deal. By having their own blockchain, QTUM can scale up way bigger then before and they are not just a token anymore, they are cryptocurrency with their own blockchain.

The best part is, this update will make listing on more exchanges highly possible thus opening up much more market for QTUM thus jacking up its price. But don't take my word for it, look at this chat leak from the dev that I found on Reddit.

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From that chat and from the info I gathered from forums, it seems that Patrick is speaking about Bithumb and other exchanges listing of QTUM. For those of you who don't know, Bithumb is one of the largest crypto exchange in South Korea.

And as we know, S.Korea is a major powerhouse for crypto that can cause major price change. Just take a look at Zcash if you don't believe me.

All and all, I decided to hop in at around $11.05. Around this price seems to be a good time to enter since it just finished doing some correction. I'm pretty confident about this, so I set my goal at around $15 if the exchange rumor is true.

Follow @paperbull if you find this hint as helpful, because he's the one telling me about QTUM.

Goodluck, trade well!

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This wonderful post has received a bellyrub 3.32 % upvote from @bellyrub thanks to this cool cat: @judas. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.

Could be just a rumor!? I am tempted by your article but really really stuck up with some coins. :(

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@ghayas same here, and I'm sure a lot of people also stuck as well during this time. Just hold on. But I suggest, if you see an opening for cut loss, do it and move to other crypto with positive trend such as QTUM or perhaps Neo. WIngs DAO also great as well, since they are so cheap now and got this new forecast trade feature using their token on wings.ai .

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What are the prospects for WINGS?

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From what I've read on their official thread in bitcointalk, they are on the brink of releasing beta. Right now they are still in pre-beta. They got this unique feature called forecast market that will give you various free crypto for holding on wings and giving forecast toward their DAO. They are basically turning into some kind of ethereum but gives you free money from time to time.

So yeah even though I'm stuck with it, it seems holding on to it is a good investment on it's own. Also not to mention, whenever I mention price drop on their thread, their investors seems chill, even they want to buy more wings. So I'm convinced that everything still going well on their end and the price will increase after the BTC pump.

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Hmm, thanks. It sounds like I need to know more about this project. Tx

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