QNT
🔥 QNT Price Discovery: Sky Is The LimitQNT is one of the more recent coins that has been released on Binance. It's also one of the few coins which has been performing exceptionally well since its introduction on Binance.
As of today, QNT has broken out of the rising channel pattern in which it has been trading, launching the token into price discovery mode. Some crazy things can happen over the next couple of things. Manage your risk accordingly.
My main target area is the area around $330, which is based at the 2.618 Fibonacci extension.
Be aware that there's a chance for QNT to re-test the area between $260 -$230 again, which is the area around the top trend line of the bullish channel.
Happy trading!
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.
A short term bounce but more selling to come for QNTIn the short term we can expect a bounce back to the 618 Fib from here. From the volume profile 1) we can see selling decreasing. Momentum shows to be turning from the MACD divergence 3) and the RSI starting to curve up near the lows 2).
The medium term picture still seems to suggest more selling to come. On the daily, we have ultra high volume bars near the highs, which we can assume to be selling. We would like to see a crossover on the MACD 2) and for the RSI to come down at least to the midway point. We can look back to the previous correction that lasted several weeks and anticipate something similar, into September.
QNT BITREX GLITCH?!So, the Bitrex QNT/USd chart is the one i have used for nearly 12 months now to track the price of Quant. I used it multiple times to chart with and send picture to friends to show levels of support/resistance, and so forth...
...at the end of July 2021, the chart "glitched out" showing a sell order from $1025.+/- and whilst i have always seen past glitches on charts correct themselves quite quickly, im still seeing that $1025 price registering on the chart....
...this would put my bags at a dirty amount, and quite possibly force me to tell my boss to suck my arse ring, but im very interested in getting everyones opinions!
QNT/USD Bullish Move Inbound?!I love Quant, my biggest regret was not buying more and focusing on other projects more last year, but recentley the moves QNT has made has been amazing!
Looking here on the Daily, we tested the 61.8% fib level really well, with a notable support at $150 showing great strength! If we are to follow a similar fractal as the last bullish move after this solid consolidation at $150, i can see us moving up to even higher levels with a target of $250 - $450 by Sept 2021!
IMAGINE THAT!!!!
XDC - Xinfin Network will hit $14 by June 2022!XDC has just broken its main resistance of 14 cents and is expected to seek $1.60 by the end of 2021, after a slight price correction its trend should continue until reaching $14 in mid-July 2022.
The last wave may be delayed and occur in 2025 on the next bull run.
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.