QNT
Quant is in a big run!Quant is a very good project with good fundamentals. Quant is pumping quite nicely and heading higher, but i think some correction is incoming. I think a healthy 60 percent correction is incoming because of the pattern. But after some correction i would buy some Quant. We also formed a double top which indicates a healthy drop to the area of 100 to 80 dollars.
QNTBUSD { QUANT } - BULLISH SETUPANALYSIS 🔎
- QNTBUSD is on an uptrend bounded in the ascending channel.
- The market hit an all time high (ATH) and retraced.
- Price is retesting the flip horizontal support, the ascending channel support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Aggressive entry: the key fibonacci retracement zone .
- Conservative entry: breakout above the descending trendline resistance.
TARGETS 🎯
- Horizontal resistance level (@165.6)
- Horizontal resistance level (@191.9)
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the ascending channel support
- Final invalidation: breakdown below the 0.786 fibonacci retracement level.
QUANT DECOUPLED FROM BITCOIN - BEARTIME GAINS?The last time we saw a coin divert like this from bitcoin during a general market downturn was LINK in 2019-2020. If things continue as they are, imo QNT is the comfiest coin to hold during a full blown 2-3 year bear.
Quant is still in a textbook bull run (higher highs, higher lows, previous resistance turns support) but that will be invalidated if it can't hold 50 dollars. if that happens, expect that standard 85-90% downturn to around 15 bucks or so.
QUANT COULD BE READY TO GO PARABOLICQuant has been consolidating in this trading channel since the end of January, almost 6 months.
It has finally confirmed a breakout, along with back test for support.
Couple this with the recent Coinbase listing, and I can see Quant breaking out to much higher levels.
Hard to pinpoint a price target, but I wouldn't be surprised to see this get up over $200 within a few months.
On top of all this, as you can see in the chart Quant has extremely high buying pressure, with each major crypto market sell off not having a lasting affect on QNT.
You can see the demand in the chart, and this crypto is primed to make new highs.
- CA$HLESS
Quant looking extremely strong for the long termQNT has the strongest chart vs out there. It has been in a massive range of about 600% up and 85% down with massive chop since October/November of 2018. Eventually this is going to lead into some massive expansion although the USD chart doesn't look perfect. Currently QNT is sitting fairly close to its ATH, it has tested these highs several times and the mid point of accumulation broke to the upside a few weeks ago. Then that mid point which was also resistance for some time got retested and the price bounced hard.
Quant started going up a little bit before the big dropped happened as it got added on Coinbase Custody. Quant so far has been listed on very few exchanges and most of them pretty small. Kucoin and Gate added it more recently and before that the biggest one was Bittrex which has been dropping in the ranks of exchanges. However with the addition on Coinbase custody it is definitely a candidate to be listed on some pretty large exchanges as it is a serious project that has been out there for years and has some good fundamentals. Just a few listings could make it jump much higher. Vs USD I don't know how well would it be able to do, but against BTC it looks very strong and I don't believe it is anywhere near its top.
Below I have some really nice charts where you can see how strong and potentially early it is for this coin.
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QNTUSD: another project on my watchlistCMC #102
" What Is Quant (QNT)?
Quant launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system.
The project is built as an operating system distributed ledger technology— and Overledger Network — for connecting different blockchain networks. The project is billed as the first OS to be built for blockchains.
The main aim of Quant — using Overledger — is to bridge the gap that exists between different blockchains. The backbone of the project is the Overledger network, which Quant bills as the ecosystem on which the future digital economy ecosystem will be built.
Overledger allows developers to build decentralized multi-chain applications (known as MApps) for their customers. For developers to build a Mapp on the network, they must hold a certain amount of Quant tokens (QNT).
Who Are the Founders of Quant?
Gilbert Verdian, one of the founders of the Quant network, had the idea for the blockchain project while he was working in the healthcare sector. Verdian identified the importance of interoperability in ensuring that patients registered on different platforms are covered.
Verdian has over 20 years of industry experience in upgrading the security, technology and business strategies of businesses around the globe in order to achieve tangible results.
Prior to the Quant Network, Verdian served as the chief information security officer (CISO) of Vocalink, a Mastercard card company, the chief information officer of NSW Ambulance, the CISO of eHealth NSW, and the security lead of the Ministry of Justice, UK.
The second co-founder, Dr Paolo Tasca, is an entrepreneur, digital economist who specializes in distributed systems. Dr. Tasca has served as the special advisor on blockchain technologies for the EU Parliament, the United Nations and numerous central banks worldwide.
He is also co-author of several books on fintech and is the co-founder and governing board chair of Retail Blockchain Consortium.
What Makes Quant Unique?
Since the introduction of blockchain and the distributed ledger technology, innovators have found use cases in almost every known industry. However, there has been the problem of seamless interoperability between these projects. Quant was created to be the missing link between the “different” blockchains.
Quant’s operating system, Overledger, was designed to act as a gateway for any blockchain-based project to access all other blockchains. It also works in connecting an application to other applications in the same blockchain ecosystem, like Ethereum.
More than multiple blockchain interactions, Quant creates different layers for apps to interact at different levels. Quant has different layers for transactions, messaging, filtering and ordering, and an application for sharing and referencing identical messages related to other applications.
The Quant App Store has the ability to read and monitor transactions across multiple ledgers. Using Overledger, developers write smart contracts across a wide variety of chains including those that don’t support them — such as Bitcoin. Developers can also use the store to create and release multi-chain applications (MApps).
Related Pages:
Find out about Chainlink (LINK).
Find out about Polkadot (DOT).Learn how to use Uniswap.Read up to date crypto news on the CoinMarketCap blog.
How Many Quant (QNT) Tokens Are There in Circulation?
Enterprises do not need to purchase the QNT tokens in order to use the Quant Network. However, they need the QNT tokens to use the network.
A developer has to purchase a license (in QNT) to create anything on the platform. This requires tokens to be locked up for 12 months. The cost of running the Gateways and performing read/write operations on Overledger requires the use of the QNT tokens.
The max supply of QNT tokens is set at 14,612,493 tokens. The QNT tokens were split in the following way:
9.9 million QNT tokens were sold to the public during the ICO;
2.6 million QNT tokens were assigned to the company reserve, to keep the project running;
1.3 million QNT tokens were reserved for the company founders;
651,000 QNT tokens were issued to the company advisors.
Currently, the circulating supply of the token is 12,072,738 QNT. The extra 2 million tokens are held by the company. These tokens are unlocked and could be sold or issued at any time.
How Is Quant Secured?
Overledger forms the backbone of the Quant Network. Overledger ensures communicability among DLT networks and interacts with different blockchains.
The Overledger Network includes gateways for linking different blockchains. Similar to Ethereum’s proof-of-stake blockchains, the Quant Network community is involved in handling treasury smart contracts.
The community handles QNT payments flowing from users to the gateways. They do this in a manner where people are held accountable to any observer."
$QNT QNTUSD Consolidating, looking at breakout in 1-2 weeksWe have been in a long consolidation period around ~35-40 mark for a few months. This is building a solid support, which aligns with strong fundamentals the company has.
This means a lot of people have been accumulating at this range and when it does pop, it should pop pretty hard and rapidly.
We are heading into a narrow range forming a triangle from where I believe will look at breaking out and continue on with long trend.
Market cap is currently at 500M which I think is still quite low for this project. I will be accumulating at this level before next leg up.
QUANT with incredible recovery potential! What do you think!?Technical analysis regarding the price of QUANT in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Technically BullishWelcome, Loves.
XRP is facing a lawsuit which we know is crap. It will only boost the price higher when a conclusion is made. Regulatory clarity! Regulatory CLARITY. That's what Ripple has called for. That's what they got. The US allows case law to be reputable. The records and conclusions of this case will set precedent. Ripple is a giant. They have ex-regulators and bank lawyers ON THEIR TEAM.
Nuff sayed,
Peace
QNTUSD analysisWe've broken mid-term support from upward channel around $42 and currently hovering around $34 mark.
It has been a good run since beginning of Jan (done close to 4x) and the market needs to go through its cycle.
There's a strong support around $34-$39 area so I can see it bouncing up and down here for a while to create extra strong support.
I am still bullish on this token long term as seen in the green trend line and I think after a period of consolidation, it'll take off again. If it happens to break that long term, I will need to re-visit this chart.
There is strong fundamental on this instrument, however unfortunately crypto price is heavily reliant on the King Bitcoin. So $BTC will dictate what really happens and will continue to ruin charts at its own peril.
Having said that whole of crypto market cap has increased 3x very quickly and it has been a little oversold, so this is a nice correction before next leg up.
GLTAH