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Covalent

CQT Covalent#CQT Adding this low cap Altcoin to our portfolio #midterm #longterm A one stop shop for blockchain data - Covalent. Covalent vision is to empower the pioneers of tomorrow by providing the richest and most robust data infrastructure for the entire blockchain ecosystem. It means One unified API and One billion possibilities. Covalent doe's the opposite of what Chainlink (LINK) doe's. Coinbase Ventures onboard! Bullish! •Risk / reward ratio: 1:5 and for invest can be 1:100 •2-3% from your funds •TP 2$ •M.Cap 97M •Price 0.37$ •Buy between 0.30 - 0.40$ #FTX #KRAKEN #OKEX #VIPSIGNAL
FTX:CQTUSDLong
by GodBlessCrypt0
1
Potential buy moment for Covalent (CQT) 100x hidden gem.Dear investors, I've been following this project closely the last few months and find it very interesting that I want to share my thoughts on this opportunity. In this chart we have a look at the fundamentals and technical indicators of the Covalent token built on Ethereum. Fundamental analyses Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization. Instead of painstakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end-users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface. Having achieved product-market fit, we are now planning to execute the next phase of Covalent, which is a progressive decentralization that will enable the Covalent Network to be owned and operated by its users. Of course, a critical piece to this is CQT. CQT is the native token of the Covalent Network. It has three primary purposes: CQT is a governance token, whereby token holders vote on proposals to change the system parameters. CQT is a staking asset. Validators will earn fees for answering queries. CQT is a network access token that fulfills data queries for users of the API. Who Are the Founders of Covalent Covalent is built by an experienced team of data scientists and blockchain and database engineers passionate about improving and scaling blockchain technologies. Ganesh Swami, CEO and Co-founder, is a physicist by training and started his career designing algorithms for cancer drugs in the pharmaceutical space. His first company is listed on the NYSE. Levi Aul, CTO and Co-founder, built one of the first Bitcoin exchanges in Canada and was part of the team that built CouchDB at IBM. Use cases of Covalent? The bulk of the use-cases are as-of-yet unknown, and we are constantly surprised at the multitude of ways developers and our partners use the data. Taxes: Every single DeFi action is a taxable event and having access to this data helps firms be compliant. If a trader uses Coinbase, they can quickly download a CSV of their trade data - besides Covalent, there is no such thing for a decentralized exchange like Uniswap or 1inch.\ DeFi: DeFi protocols, such 0x and Zerion to name a few, use the Covalent API to pull real-time, granular blockchain data. What makes the Covalent API such a critical infrastructure piece for these projects is that not only can they pull wallet specific data, but they expand their service to display data across multiple chains. This significantly enhances their product offering and fundamentally improves the user experience. In the case of Zerion, the exact data the DeFi investment dashboard is pulling ranges across multiple chains including Polygon, BSC and Ethereum and includes transactional data, as well a user's token balances, and transaction history. NFTs: As the popularity of NFTs has boomed over the past number of months, it has become increasingly important for NFT projects to be able to provide a means of analysis. Given that the Covalent API provides such, Covalent has become the leading NFT data provider. NFT projects such as ChainGuardains and Ethermon are now using the Covalent API to not only power novel features specific to each project, but to again improve the user experience. DAOs: Reliable and real-time data are critical in making informed decisions, facilitating governance and allowing individuals to invest, consume, and participate in the DAO phenomenon. It should come as no surprise then that DAOs are using the Covalent API. Individuals can use the API to view and examine proposal interactions so that one can understand how active members are in creating proposals and voting on them as well as if members are voting for, or against proposals in general. Technical analyses Will it test the All time high? Given the current market situation, where there flows a lot of money from bitcoin to altcoins, I'm pretty certain we will also see a rise in the price of Covalent. The time to buy is one of the best if you didn't buy when it was at the 0.30$ - 0.40$ range. I'll be swing trading covalent for the upcoming weeks. Covalent will test the 1.60$ range again and it will depend if there is enough volume coming in to gain momentum and break trough. when it breaks trough it can test the previous all time high and go higher. The graph This is a big concurrent of the graph and if it even reaches the marketcap of the graph you would get a x68 on this project. The only downside of covalent is that there is only 5% circulating supply. If you read this, thanks for reading and I'll loving discussing about it in the comments. Peace out!
FTX:CQTUSDLong
by TheTradingTraveller
CQT Covalent - LONGFundamentally sound project with utility. Just launched. Clearly found a bottom. Who knows where it can go! Currently 60MM MCAP(eanuts) From Coingecko: Covalent is a blockchain data provider. Developers can integrate with its API to bring in data points such as transaction, wallet balance, NFTs, and more. Instead of sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end-users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface. Investors of Covalent includes Woodstock Fund, 1kx Capital and Mechanism Capital, Binance Labs, Coinbase Ventures, Delphi Ventures, Hypersphere Ventures, and other ecosystem partners. A public sale round on CoinList was held and a successful $10 million in funding was closed.
FTX:CQTUSDLong
by kevtrinh
1
COVA/BTC mid-term Approaching Mainnet!Hi, $COVA fans! Although you may have noticed a lot of FUD in the COVA community; the mid-term chart is looking super bullish. Especially for those who a looking for a good re-entry/add-on point and those of you who are watching COVA closely for a long time; since BTC-Fund-Manager announcement I guess (hehe) Some arguments: 1) Big bullish triangle with a strong support zone near .1750 and a substantial buy volume. 2) EMA 20 & EMA 50 alignment. Long -term bulls and short term bears are fighting for domination. And it looks like bearish momentum is about to end. We need good news, and Mainnet release on 15th will be just enough. Even though it was postponed earlier, this summer, The mainnet migration is something COVA community is patiently waiting for. If the COVA team will deliver it this time - it's a no brainer that we may head to new resistance levels! 3) RSI. Historically we are at levels where the price started its upside movement significantly. I market these levels on RSI Anyway, TA is mostly about the mental image of the market. So if the team will continue to ignore the community and what it has promised, nothing will hold COVA from falling further. So put your stop losses at .1750 and good luck with your trades!
CLong
by Dr_Bull_Green
2