It is evident this current overarching crypto market momentum is not necessarily all that promising. Most of the bearish pressure has been averted, yet the current gains are fragile in nature. One notable exception comes in the form of the Qtum price, which is seemingly surging. Its overall trading volume of over $1.9bn makes zero sense to most traders, though, which could prove to be interesting to keep an eye on.
In the cryptocurrency world, it is not uncommon to see altcoins go through a hearty pump-and-dump cycle. Some traders refer to these trends as “altcoin season”, although most users know better than that. In the case of Qtum, it seems there is a plain pump going on right now, primarily made possible thanks to a ludicrous amount of trading volume.