Thanks to important advances, Qtum, Status and IOTA were able to free themselves from long-term soil formation, which gives them a lot of room for improvement.
Shortly after the automaker Tesla announced that customers will be able to pay for their own products with Bitcoin ( BTC ) in the future , a new job advertisement from the retail giant Amazon suggests that the company is already working on crypto payments, at least in Mexico.
If Amazon jumps on the bandwagon, this would be another big step towards mass suitability for the crypto industry.
Market visualization from Coin360
The Bitcoin price was fueled by further positive news yesterday , as the New York bank BNY Mellon announced that it will hold and transfer Bitcoin on behalf of its customers with immediate effect. It also wants to develop a platform that can be used to store and process traditional assets such as shares in digital form in addition to digital currencies.
While Bitcoin can establish itself more and more as a recognized store of value and investment product, many Altcoins are also increasingly receiving tailwind, which is not only due to the pull of the market leader, but also to technical improvements and greater practical benefits of the individual projects.
For this reason we want to take a look at the “alternative” top performers this week.
Because the so-called „Airdrops“ are, in the truest sense of the word, free money, they are extremely popular with crypto investors. This could possibly also be the reason why the Altcoin Qtum (QTUM) is currently going up, because all owners of the crypto currency are given currency units of the crypto currency Qi, which in turn belongs to the decentralized trading platform QiSwap. Since the platform is based on the Qtum blockchain, the donation will be distributed to Qtum investors, which is why some crypto users are now investing in QTUM in order to benefit from the donation.
The blockchain project is currently focusing on the area of decentralized financial services and therefore wants to win DeFi projects for itself. Accordingly, a so-called hard fork is planned for the Qtum blockchain, which should reduce the waiting time for block production from 128 to 32 seconds in order to enable faster transactions, which are essential for DeFi.
In addition, Qtum is working on the Neutron interface, which is intended to enable the operation of virtual machines on its own and other blockchain networks. The aim is to make your own blockchain inexpensive and user-friendly, with a focus on DeFi. With this strategy, Qtum is making itself attractive to both crypto investors and developers.
After QTUM’s price had hit an interim low of $ 3.18 on February 1, the table was worth $ 8.82 at the time of going to press, which is a whopping 177% gain in the past two weeks. The jump above the US $ 5.90 mark broke out of a long-term bottoming out and initiated a new upward trend.