Qtum was higher today in a quiet cryptocurrency market as traders digest the foundation’s AWS deal.
Trading 8% higher in early trading, Qtum slipped to a gain of over 3% on the day. The general market was quiet with only NEM and Tezos showing gains in the top twenty coins by market cap. The Singapore-based Qtum foundation had called the AWS partnership a “ground breaking” deal that sees them provide smart contract technology to the China division of AWS.
Qtum bounced off resistance at the $4.75 level, however a move above that could see the coin almost double in price. The coin currently sits at number 26 in the list of coins with a market cap of $387 million and 89 milion coins in circulation. VeChain currently holds twentieth spot with a market cap of $617 million so it would take gains of 100% in Qtum to move into top twenty.