When looking at top volume producers on Binance, QTUM is definitely not one you would predict to see. The volume has increased more than 20 fold and it has landed itself at #12 on Coinmarketcap. It's 24 hour volume today on Binance is 1,740BTC, which is 3rd only to Ethereum and Bitcoin. XRP is a distant #4 at 1,100BTC Volume. I think this massive increase in volume could be a foreshadowing of big gains in the future. The daily OBV looking very strong with clear bullish divergence from the price act. Volume begets price. I will be looking for the bullish continuation to the upside and see what gains we have in store.
Guys the volume on qtum is because of trading competition, there is 120 000$ reward.
jpbrown1023
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@Marty133, that explains it then! Thank you for letting us know, Marty. I'll be interested to see how the volume holds up with the competition ending today.
eneakume
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Nice catch!
jpbrown1023
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@eneakume, thanks! I'm excited to see how it plays out.