[DPRating] Track Rating: Qtum, RNT(OneRoot)
by DPRating Team
- This article does not construct any investment advice

Release time: 5th September 2018
Effective time: 1~2 months, The analysis is only effective given there is no eminent change in the crypto fundementals.

Qtum
Trend: hold steady
Expected price range: E0.014-E0.02
Qtum was a benchmark project in China for both crypto developers and speculators. The vale of Qtum increased 30–40x on the day of its listing, acting like a fuse for the great bull rally in the first half of 2017. It was also, similar to NEO and GXC, one of the first wildly profitable investments for many token funds and crypto whales.
During the second half of 2017, Qtum continued making rapid progress. The mainnet and wallet were launched, a few dAPPs were implemented, and Qtum’s ecosystem was quickly improved. But at the same time, having too much success too soon is not always a good thing in the long run. It was perceptible that Qtum founder Patrick began to lower the barrier of quality for dAPPs — some dAPPs were low performing and others even controversial, causing damage to the whole Qtum ecosystem.
Meanwhile, most exchanges did not support its QRC20 protocol, causing many dAPP tokens difficulty with being listed on exchanges, further hindering the development of Qtum.
Qtum’s price has been dropping throughout 2018, recently fluctuating between 30 to 40 rmb — equivalent to Qtum’s price when initially listed. Conceivably, the downward trend is due to the crypto bear market in general. Still, Qtum has lost 90% from its all time high. NEO, another famous Chinese public chain, has itself plummeted from $130 to currently around $25, which is an 85% loss of value from its all time high. ETH dropped from $1500 to $300, which is 83% from its all time high.
Qtum has began making improvements in response to the pressure from March 2018. Since that time, Qtum founder Patrick rarely advises other projects and Qtum is back on track in its development.
Qtum’s recent activities include the X86 virtual machine, meetups around the globe, and Qtum Hackathons. From Qtum’s weekly report we can see that the Hackathons have become a good way to boost its dAPP ecosystem.
Qtum has been listed on nearly all mainstream exchanges around the globe, including Bitfinex、Bittrex、Binance、Huobi.pro、Gate、OKEx、Bithumb etc. Good liquidity serves as support for Qtum price. If measured in fiat, Qtum has maintained a thirty times profit since ICO.
In conclusion, Qtum achieved great success in the beginning, but the last six months of difficulty have proven that Qtum needs a killer app to reboot its dAPP ecosystem. In the short to mid term, if no particularly good news or eminent dAPP ecosystem improvement occurs, Qtum’s price will probably fall or slowly edge lower. But since Qtum is well supported by high quality exchanges, its price is unlikely to hit a tragic low.
Therefore, we have given a predicted price range of E0.014-E0.02. Investors in Qtum should closely follow the condition of its ecosystem, as a heavyweight dAPP can potentially hype the community and, given Qtum’s reputation, cause a surge in price. If Qtum makes no moves to significantly improve their ecosystem, then the expectation for Qtum is low.
RNT (OneRoot)
Rating: B Risk: Medium
Trend: stable and upward, expectation: up
Expected price range: E0.0003-E0.0006
RNT is also mentioned in our previous track review, with a predicted trend of “stable and slightly climbing,” and a predicted price range of E0.00012-E0.0002. (at the time RNT was E0.00013)
Within a month of the last prediction, RNT went up as expected. Its price reached its peak at E0.00026 which has surpassed the high limit of the expected price range.
Therefore we need to adjust the predicted price range of RNT once again. RNT has been stable. During the crypto drop between May and September, RNT held steady and even went up, which indicates that the community is confident in the project and that the RNT team has a good command of the community and project. Meanwhile the project rarely influences the price with media campaigns. The price is a reflection of RNT’s low-key and pragmatic attitude.
The recent price increase is believed to be investors’ reaction to the next unrevealed bull news. Considering RNT has made decent progress lately, if the next bull news is released it is likely to create a longer rally than expected.
The predicted price range is reset to “E0.0003-E0.0006” (at the time of writing the price is E0.00026). The price trend is adjusted to “stable and climbing” from “stable and slightly climbing”. Expectation is positive.
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