Qtum hits new year-to-date high as price surges by 30%

QTUM/USD reached a new local high of $5.40 before retracing to around $4.55 Qtum is up nearly 30% in the past 24 hours, with a major rally during the Asian trading session taking its price to a new year-to-date high of $5.40. The 37th ranked altcoin is now more than 60% up over the week, with more upsides to potentially come given the high levels of optimism as Qtum approaches its upgrade, scheduled for August 28.

QTUM/USD traded at around $2.46 on August 1 but skyrocketed this week to see it touch its highest price since trading at around $5.60 in July 2019. On the technical side, QTUM/USD breached several resistance levels in surging to its YTD high price.

Timeline of Qtum