About Qtum

The latest Bitcoin (BTC) jump past $65K triggered notable upsurges in the altcoin market. That saw Qtum (QTUM) recording impressive upticks, which saw it overpowering a falling wedge on the daily chart. The breakout suggests a potential end of a prolonged decline, indicating an upcoming bullish wave for QTUM.

The Qtum Foundation recently announced the deployment of 10,000 GPUs to power its new blockchain AI ecosystem. This strategic move marks a significant transition for Qtum, shifting its focus from cryptocurrency mining to artificial intelligence operations.

These AI cryptos have the potential to soar during the next altseason – perfect bets for investors seeking outsized gains.

In a strategic move poised to reshape the landscape of blockchain interoperability and functionality, Qtum, a pioneering decentralized blockchain platform, has announced its ambitious plan to integrate BRC-20 token support into its network.

Starting 2024 on a short correction, the recovery rally in QTUM price stays strong as the weekly chart shows a growing rally. Further, with the high anticipations around the altcoins season, the QTUM price is ready to give a breakout rally.

With a long-term consolidation in phase, the QTUM price is trapped after the bear market of 2021 and 2022. However, with the recovery trend starting in late 2023, the buyers are setting a tone for trend reversal in the weekly chart.