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Quantum Blockchain Technologies share price explodes amid resurgence in crypto

Quantum Blockchain Technologies Share Price

The Quantum Blockchain Technologies share price has soared by 40% on Monday as the crypto market staged a rally. Over the past month the crypto-focused company, listed on the AIM market, is now up by 22.5% per share to 1.20p. Investors will be hoping it is the beginning of a mini-resurgence for the group, formerly known as Clear Leisure, that reinvented itself as a crypto firm.

About Quantum Blockchain Technologies

Quantum Blockchain Technologies has commenced its R&D and investments programme in blockchain technology, including cryptocurrencies mining and other advanced blockchain applications.

Quantum’s R&D will focus on Cryptography, bringing together the most advanced implementation techniques and functions, along with quantum computing technologies and AI deep learning, to develop a new and disruptive approach to blockchain technology.

The company’s investment programme is focused on selecting the most innovative and out-of-the-box start-ups in the blockchain and cryptocurrencies sector, with whom Quantum will work alongside to develop exciting synergies.

Therefore, it is logical that the Quantum Blockchain Technologies share price will be in line with the value of the cryptocurrency market.

Crypto

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Fortunately for the Quantum Blockchain Technologies share price, crypto is on the move again.

The price of bitcoin surged by 11.07% overnight, reaching its highest point in over one month, above £28,000. 

It follows a reversal in the crypto market to a more bullish sentiment following mass sell-offs across April, May and June. 

Bitcoin’s rally coincided with other cryptocurrencies, including Ether, up by 8.14% in the past 24 hours, and Chainlink, up 14.47%.

Quantum Blockchain will seek to capitalise on the need for more energy-efficient crypto mining methods in the near-future, especially as concerns are being raised over the high amounts of electricity used by bitcoin miners

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