Qtum price forecast, Trading volume analysis

in #qtum7 years ago (edited)

Qtum team have a plan to make two exchanges whoes volume are similar to Coinone (showing 80% trading volume) list Qtum in near Future.

Based on it, I expect Qtum price after it being listed in two exchanges.

All data for this analaysis is from Coinmarketcap.com and is valid on the basis of provided information as of 2017-09-13, 09:30 GMT 09:00.

Considering the volume, Poloniex and GDAX are highly expected to list Qtum in near Future.
Because these exchanges' volume are 110% and 90% respectively, compared to the Coinone - very close to Coinone's.

Another expected one is Kraken, it has also its volume 82%, compared to Coinone.

In the course of following analysis, I will take step by step access to get more reliable results.

Let's look into Poloniex's portfolio.

  1. Poloniex

Bitcoin
16.16%
Ethereum
13.14%
Ethereum
7.89%
Litecoin
5.84%
BitShares
5.23%
Ripple
3.93%
DigiByte
3.62%
Vcash
3.53%
OmiseGO
3.06%
Litecoin
3.01%

And also for GDAX's.

  1. GDAX

Ethereum
33.86%
Bitcoin
31.61%
Litecoin
24.64%
Bitcoin
5.05%
Ethereum
1.33%
Ethereum
1.27%
Litecoin
0.91%
Bitcoin
0.76%
Litecoin
0.57%

These two exchanges' portfolios are very similar each other.
Look first for Bitcoin and Ethereum. The trading volume of these two are almost same level.

Getting back to the first table, I've made marks on Volume comparision table for which exchanges are listing Qtum.

Currently, only three exchanges are allowing Qtum.
And I found exchange CHBTC has similar portfolio distribution likewise.
Look at the below.

  1. CHBTC

Bitcoin
24.31%
Ethereum
21.49%
Ethereum Classic
12.90%
BitShares
12.90%
Litecoin
10.41%
Hshare
8.13%
Qtum
8.07%
EOS
1.79%

Compared to Bitcoin and Ethereum trading volume, that of Qtum is relatively low but is not that much.

In order to calculate relative ratio of Qtum compared to these two main coins (BTC and ETH), I just simply sum Bitcoin and Ethereum trading volume ratio.

BTC 24.31 + ETH 21.49 = SUM 45.8
Simply we get 45.8 %, which is about 5.6 times of Qtum's.

  • Remeber this figure will be used in following calculation as an important weight value.

I will use this weight value into following calculation to assume future Qtum trading volmues in Poloniex and GDAX.

First, Poloniex.
Sum of BTC and ETH's trading volume ratio is 29.3% (16.16 + 13.14)
It shows 5.23% trading volume expected when it lists Qtum.
Let's multifly it with Entire exchange volume.
Then we get
$10,490,901

Second, GDAX.
Sum of BTC and ETH's trading volume ratio is 65.47% (31.61 + 33.86), which is relatively higher tha Poloniex.
It shows 11.69& trading volume expected when it lists Qtum.
Do the same steps in the above,
then we get,
$19,273,317

In the meantime, we also need to consider the current Qtum trading volume over whole exchanges.
It can be addressed as market cap.
I have to calculate it first, actually.

CHBTC
$8,879,580
Bittrex
$25,102,900
Coinone
$111,799,000
Sum
$145,781,480

For the above sum, we can add those the calculated new trading volume.
It will be $165,054,797

  • compared to original market cap, the Qtum has a possibility for having of 13.2% upper momentum.

This is my conclusion.

If Qtum teem success in near future for adding two new exchanges,
then entire Qtum trading volume can be increased upto 113.2%, which can lead at leadt short pumping into Qtum price - I forecast.

This is my first thread in Steem community.
Thanks for reading my thread :)

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