The blockchain technology that stands on the shoulder of the two giants in the crypto space – Bitcoin (BTC) and Ethereum (ETH), Qtum (QTUM) has unveiled its potency in the crypto space by standing out imposingly in the market amid the looming bear situation.

Certainly the last few days have been rosy for Qtum, as the altcoin continues to up its market value consecutively irrespectively of the daunting situation that is making investors skeptical about digital currencies.

Nevertheless, Qtum continues to remain bullish in the market with signs of great recovery. As such, many weighed in that the labor of the cryptographic project in the past might be a great reason for its growth. Even if one does not want to agree, the developments churned out by the blockchain technology in the previous month and early this month is no doubt outstanding.

Developments Released By Qtum (QTUM) In November/December

Apart from series of programs like summit and meetup, among other organized by the blockchain foundation, November was undoubtedly a raising season for Qtum (QTUM) blockchain technology.

In November, the first fully functioning space-based Qtum blockchain node was released.

The blockchain node launched by SpaceChain, a Singapore based decentralized space agency, performs multi-signature transactions and running of smart contract in space.

@SpaceChain has launched another blockchain node into space! This is the first fully functioning space-based #Qtum blockchain node that can perform multi-signature transactions & run smart contracts in space. Watch it orbit the earth in real time! https://t.co/FgBWiFOBy1 — SpaceChain Foundation (@SpaceChain) November 9, 2018

Also, a new layer two technology that offers a more robust network regarding capacity, Plasma, which was recently released is being worked on by a faction of the Qtum team to produce a minimum viable product.

Plasma framework is designed to assist developers in the building of scalable decentralized applications by transferring unnecessary computational steps off-chain.

Other developmental upgrades includes:

Upgrades on Qtum (QTUM) Core – Qtum Core v0.16.2, implementation of network spam protection, Fixing of failing Qt tests and others.

Qtum (QTUM) x86 Virtual Machine Upgrades – addition of guards to SCCS methods, fixing of various bugs with calling contracts, addition of qtumCallContract, fixing of AALv2 bugs, x86VM task list update and more.

Developments on Qtum (QTUM) Website – Alpha version of new Qtum Official website, completion, testing and deployment of Qtum official wechat mini-program.

Update on other developments for the month of November are highlighted on the medium page of the foundation.

In December, two renowned cryptocurrency exchange have listed Qtum (QTUM) token on their platform for trading purpose, handing the altcoin more adoption in the space.

https://twitter.com/UexComOfficial/status/1070528290564108288

[코빗 상장 보고서] 퀀텀 (QTUM) by Korbit https://t.co/A8xyAI3kd9 korbit listed Qtum! — Patrick Dai (@PatrickXDai) December 11, 2018

Qtum (QTUM) Price Analysis

While most coins are witnessing dip in the weekly market chart according to CoinmarketCap, the value of Qtum token against dollars was heightened by 9.3% in the last seven days. Even though the value of the token plummeted from November towards the start of December, the altcoin bounced back for an upside trend since December 8th.

Qtum seems to be breaking the frontier by surpassing the $1.9 resistance level, with target for a better price like $3.0.

Hopeful, he value of Qtum (QTUM) might soon skyrocket to about $5.0 as another year approaches with much expectations.