Qnteth
Brush the weak hands $QNT I refuse to believe that QNT will nuke
It is a SOLID project.
What i think:-
I think this will happen, either fake out from here or down with a little deviation and double bottom then up.
Stop loss would be a little below these fake outs OR if it stayed there for very long, then get over it.
Dollar cost averaging here could make sense.
Cheers!
QNT: did you buy? (+200% achieved!)A follow up on my previous analyses on Quant (QNT) which became one of my favorite projects in crypto because of the importance of interoperability, its token economics and its team / network. I made a full analysis on August 6th explaining why I am mega bullish on this coin (link below) and now just over a month later we more than doubled in USD and ETH and about a 4x in BTC. There is a lot more upside for QNT in the coming months with 675 USD (+77%) being the next bullish target for the ones who have patience.
The question remains, did you buy?
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Missed out on BTC and ETH? No worries, there is QUANT!After more than 100 days of mostly bearish posts; I have finally turned bullish since the last 2 weeks! I have been wondering to put this out here already or keeping it for myself for little longer but you know, I'm a nice guy - sharing is caring! Now I am not a moonboy but a rather realistic investor and trader that doesn't like to lose money (I sold BTC at 64K ) nor do do I have the habit of creating moonposts. However, for Quant (QNT) I make an exception. In my opinion (!) this will be a top 20 coin by next year and potentially even a top 5 coin within the next 2 / 3 years. There are a lot of people that dont know about Quant and moreover most people do not know this coin, so I will try to explain why I'm mega bullish on this coin and why you are investing in a baby BTC or baby ETH with around a 2 billion usd market cap.
What is Quant?
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.
Why am I bullish on Quant?
I am bullish on Quant because of four reasons:
Connecting the world to any blockchain with Overledger
Solving the problem of interoperability connecting not only different blockchains with each other but also the "current non-blockchain infrastructure" with the blockchain industry. That means with Quant, financial institutions, corporates and small businesses can make use of Overledger to connect to the blockchain. So simple example: you have a webstore and want to accept Bitcoin AND Ethereum payments; with overledger combined with AWS marketplace (they are partners) you can. In Short Quant offers the first SAAS that connects you to any blockchain.
Quant will provide institutional adoption to blockchain
Quant collaborates with tech giants such as AWS, has great connections with governments in Europe and is founder member of the European Union's International Association for Trusted Blockchain Applications (INATBA). That sounds great but there's more; Quant is partner of IT/hosting giant Oracle . So what? I'll tell you; Oracle is hosting the new SWIFT standard: ISO20022 that launches in November this year. I have reason to believe LINK has something to do with it too (although its dubious speculation) but moreover; QNT could be THE favored blockchain to run CBDC's. Why? Well lets look at 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.
Catching my drift here?
Token Economics
If the fundamentals weren't bullish enough just yet, I mean let me repeat again; we are talking about the first real (OS) operating system that runs on ANY blockchain. We have insane token economics with a max supply of 14,6 million (no new tokens will ever be minted) which makes them more scarce than Bitcoin. Next to that more than 88% of the supply is on the market so there will be no insane surprises seen at other blockchains were the founding teams can dump 25% of the supply on the market (in the future). Next to its scarcity, the Quant token will be used as an utility token to perform numerous actions on Overledger; think of transaction fees, staking, running dapps and much more. The current token distribution and market cap looks as follows:
Market Cap: $2,315,960,464
24 Hour Trading Vol: $58,003,748
Fully Diluted Valuation: $2,608,109,074
Circulating Supply: 12,975,667
Total Supply: 14,612,493
Max Supply: 14,612,493
Technical analysis
With such a low market cap, insane fundamentals and token economics; you don't have to be Warren Buffet to understand the growth potential of this token. You also don't have to be a genius to understand that for the coming few years QNT will outperform both BTC and ETH - and in my opinion (!) most other tokens in the market. Believe it or not but this is why I allocated most of my portfolio into QNT. Yes sure, Ethereum does a little better since a few days because of EIP-559 but it wont prevail. The market pushes BTC first, then ETH, then smaller tokens. QNT just got released on both Binance and Coinbase and is still to be opened for trading for most countries on the latter. The result was that QNT roughly did a 150% run since late July.
Would it be fair to say that QNT could reach the same market cap as DOGE coin in the coming 2 or 3 years given its use case in the real world and the influx of institutional investors and the potential rumours of Quant based CBDC's? Not unheard of right? Well, that is a 13x in the coming 2 / 3 years. See that chart on the left? There I kept it mild and drew out a 8x in the same time period and a 45x by 2026 (personally I think it will do much more than that but let's keep expectations low), given crypto will have found its early "mass adoption" use cases in applications such as CBDC's, oracles and why not an operating system that runs interoperable across the whole space?
To me it makes a lot of sense and I bet that would be the same for the likes of whales, institutions and retail at some point. I have seen some on chain metrics that top ETH whales have been accumulating and I understand why; they can collect a lot more ETH with QNT - if that is your thing. On its launch on Bittrex QNT already hit 1000 usd and hit a (hold your breath) +28,000% against ETH. (Yeah, you read that right - see the chart on the right). Sure, that is some spastic starting craze, yes but you should understand that liquidity has been tested at these levels now; it will likely return there over time. Our FIB extension on the left chart shows us insane potential on the right chart and ofcourse that would take its time (way longer than the few months displayed on the chart). Whether it is next year or in 3 years, I don't really mind because I know QNT is a token to hodl for the future and the future is the blockchain economy.
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IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.