Quant

Get Quant (QNT) all time high price, historical charts, latest news and other information.

Interoperability enabling network Quant has gained 10% in the last 24 hours amidst the general crypto bear market. The token is inexorably climbing up the price charts while other tokens struggle to keep their heads above water. The crypto is steadily gaining, testing new highs after its yearly low in June when its price dipped below $50.
The Quant blockchain was a project geared toward solving the issue of interaction among multiple blockchains. Since its inception in 2018, the token began an upward climb from below $1, culminating in an all-time high just below $400. This unprecedented event in the history of Quant took place in September 2021. Quant soared 200% from $187 to $490 on the month, a spike that analysts attribute to three factors. 
Related Reading: Sandbox Struggles In A Bear Market, How Low Can Price Go?
Quant’s All-Time High Catalysts
The first catalyst outline was the launch of Overledger 2.0.5, the network’s DLT connection for businesses to all networks and DLT. Secondly, Quant offered developers incentives via the “Quant developers Program,” a means to lure devs into its ecosystem. Devs build useful protocols and apps, which in turn, attract more users, thereby ensuring the growth of Quant. 
Finally, Quant’s price boosted when it got listed on major exchange platforms like Coinbase and Binance. This move alone caused the protocol’s trading volume to skyrocket from $9 million to a whopping $740 million, according to coinmarketcap. And the rest, they say, is history. Although the token has not tested such highs since then, it continued to do well for itself till the general market became turbulent.
QNT’s price is currently trading at above $115. | Source: QNTUSD price chart from TradingView.com
Macroeconomics Turned Crypto Assets Bearish
By June this year, when the crypto market dropped into a downward spiral, the Quant token dipped to a low of $49. A combination of macro factors dragged down most cryptos, including Bitcoin, from their lofty heights.
For one, the Russo-Ukrainian war began causing global unrest, which always targets risk-prone assets, e.g., crypto. Then followed inflation and Fed’s hawkish attitude towards digital assets in fixing the problem. Ethereum’s merge with its initial hype and subsequent letdown came into the mix, further muddying up the waters. As a result, crypto assets globally have been testing unheard-of lows. 
At the time of writing, Bitcoin continues to fluctuate around the $20,000 resistance level. This is notably a far cry from its legendary $65,000 high, which occurred in 2021. Similarly, ETH and SOL are not left out of this bearish market turn, trading at $1300 and $33, respectively. Ethereum is 70% down from its all-time high, while Solana is 87% below its own.
Related Reading: Dogecoin (DOGE) Is On Top Of Whales’ Menu – Here’s Why
Yet Quant is slowly but surely wending its way up the chart, testing new highs daily. At the time of writing, the token is exchanging hands around $116 after briefly testing $120 earlier in the day. Against the past week’s prices, it is a 7.90% gain, 10% over the last 24 hours.
Featured image from Pixabay and chart from TradingView.com


Interoperability enabling network Quant has gained 10% in the last 24 hours amidst the general crypto bear market. The token is inexorably climbing up the price charts while other tokens struggle to keep their heads above water. The crypto is steadily gaining, testing new highs after its yearly l...

newsbtc.com

Quant (QNT) Adds 10% In 24 Hours While Macro Uncertainty Pulls Others

A quant has explained how the movement of whales differed between before and after the Ethereum merge went live.
Ethereum Funding Rates Reached An All-Time Low Just Before The Merge
As pointed out by an analyst in a CryptoQuant post, a lot of ETH investors bet on the price going down around the merge’s completion.
The relevant indicator here is the “funding rate,” which measures the periodic fee that perpetual futures contract traders exchange between each other.
When the value of this metric is positive, it means long investors are paying a premium to the short holders right now to hold onto their positions. Such a trend shows a bullish sentiment is more dominant in the market currently.

On the other hand, negative values of the indicator suggest shorts are overwhelming the longs at the moment as the majority are feeling bearish.
Now, here is a chart that shows the trend in the Ethereum funding rates over the last few days:

Looks like the metric had a deep red value not too long ago | Source: CryptoQuant
As you can see in the above graph, the Ethereum funding rates had been going down only a couple of days back, and reached a new negative peak right as the merge arrived.
The quant explains that this was because investors thought the PoS transition hype had already impacted the market, and so they bet on short positions, believing that the price would go down during the aftermath of the much anticipated event.

But just following the merge, the price actually rather saw a slight improvement. Seeing that the decline they had waited for didn’t come, these short holders quickly started closing up their positions, leading to the funding rates sharply moving up.
Right as this happened, the whales who had been waiting jumped in and dumped their ETH, causing the price to plunge down hard. The analyst notes that this is a display of whales trying to make a move in such a way that nets them the largest gains. “To read those moves, we need to utilize both on-chain data and charts,” says the quant.
ETH Price
At the time of writing, Ethereum’s price floats around $1.4k, down 7% in the last seven days. Over the past month, the crypto has lost 24% in value.
The below chart shows the trend in the price of the coin over the last five days.

The value of the crypto seems to have been going down during the last few days | Source: ETHUSD on TradingView
Ethereum has been trending down since the merge took place, and right now it’s unclear when the crypto may show some reversal.
Featured image from Thomas Lipke on Unsplash.com, charts from TradingView.com, CryptoQuant.com


A quant has explained how the movement of whales differed between before and after the Ethereum merge went live. Ethereum Funding Rates Reached An All-Time Low Just Before The Merge As pointed out by an analyst in a CryptoQuant post, a lot of ETH investors bet on the price going down around the m...

Quant Explains How Whales Moved Before And After Ethereum Merge

A quant has suggested that Bitcoin will again become the driving force in the crypto market once the Ethereum merge hype dies down.
Bitcoin Share Of Crypto Trading Volume Already Seems To Be Overtaking Ethereum’s
As explained by an analyst in a CryptoQuant post, there are some signs that point to BTC surpassing ETH once more to be the dominant power in the market.
The relevant indicator here is the “dominance by volume,” which measures what part of the total crypto trading volume is contributed by each coin in the sector.
The “trading volume” is a metric that measures the total amount of crypto being involved in transactions in spot markets.
Now, here is a chart that shows the trend in the dominance by volume for both Bitcoin and Ethereum:

The value of the metric for BTC seems to have crossed over that of ETH in recent days | Source: CryptoQuant
As you can see in the above graph, the Bitcoin percentage share of the trading volume was significantly higher than Ethereum’s during the start of July.
However, as the middle of that month approached, ETH slowly started surging up and passing above the BTC volumes.
Related Reading:  Bitcoin Taker Buy Sell Ratio Hits Highest Value in 636 days
In August, the ETH dominance by volume remained higher than BTC’s for the entire month, save for a couple brief spikes for the latter.
This continued into September, until just a few days ago. The reason behind Ethereum leading the bear market for almost two months was the hype created by the upcoming PoS merge.
The quant believes that once the merge is finished in approximately two days, this narrative that kept the crypto’s volumes up will be gone.
Related Reading:  Chiliz and Big Eyes Coin: Two Ethereum-based Cryptos that Might Overthrow the Binance Crypto Project
Around three days ago, BTC’s share of the trading volume crossed over that of Ethereum’s and has since stayed up. The analyst points out that this is one of the early signs for a shift in the investor behavior around the merge launch.
BTC overtaking the volumes on exchanges now means soon after the merge, Bitcoin will be back to being the main driving force in the crypto market.
BTC Price
At the time of writing, Bitcoin’s price floats around $22.2k, up 13% in the last seven days. Over the past month, the crypto has lost 7% in value.
The below chart shows the trend in the price of the coin over the last five days.

Looks like the value of the crypto has been observing some upwards momentum during the last few days | Source: BTCUSD on TradingView
Featured image from Peio Bty on Unsplash.com, charts from TradingView.com, CryptoQuant.com


A quant has suggested that Bitcoin will again become the driving force in the crypto market once the Ethereum merge hype dies down. Bitcoin Share Of Crypto Trading Volume Already Seems To Be Overtaking Ethereum&#8217;s As explained by an analyst in a CryptoQuant post, there are some signs that po...

Quant Suggests Bitcoin Will Be Back In The Driver Seat After Ethereum Merge

The traditional finance sector will dip its toes into decentralized finance (DeFi) in the next few months, predicts Ki Young Ju, chief executive of on-chain insights platform CryptoQuant.
Young Ju tells his 304,800 Twitter followers that stablecoins are leading the way in terms of institutional adoption.

As evidence, he points to U.S. Federal Reserve Chair Jerome Powell, who told Congress in January that a central bank digital currency (CBDC) could coexist with stablecoins.
Young Ju also also notes that the world’s largest asset manager, BlackRock, led a $400 million funding round for Circle, the issuer of USD Coin (USDC), earlier this year.
Explains the chief executive,
“As more USD-stablecoins usage [strengthens] the dollar’s supremacy, TradFi institutions are allowed to invest in stablecoin projects.
But in order to get more transaction volume, stablecoins need more strong use cases from DeFi. Investing in DeFi would be their next goal.”
Young Ju isn’t the first crypto professional to suggest stablecoins could drive the adoption of other digital assets: Earlier this month, Fidelity’s director of global macro Jurrien Timmer argued that favorable stablecoin regulation could act as a catalyst for Bitcoin (BTC) adoption.
“If stablecoins are regulated and deemed safe and we don’t have the headlines about stables that we had not too long ago and the space is legitimized, then I think maybe investors will have more confidence that the network effect, the adoption curve of Bitcoin, which has followed a number of historical escrows whether it’s internet usage or mobile phones.
As the space becomes legitimized and gains more scale, I think more and more investors might start to feel comfortable that the promise of this expanding adoption curve can actually be fulfilled.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/ADOKAVAK
 
The post Quant Analyst Says Legacy Financial Institutions Are Eyeing One Ethereum-Dominated Sector – Here’s Why appeared first on The Daily Hodl.


The traditional finance sector will dip its toes into decentralized finance (DeFi) in the next few months, predicts Ki Young Ju, chief executive of on-chain insights platform CryptoQuant. Young Ju tells his 304,800 Twitter followers that stablecoins are leading the way in terms of institutional a...

dailyhodl.com

Quant Analyst Says Legacy Financial Institutions Are Eyeing One Ethereum-Dominated Sector – Here’s Why


Quant (QNT) has been falling since Aug 8 and could potentially complete its correction close to $88.



QNT had been decreasing underneath a descending resistance line since reaching an all-time high price of $429.69 in Sept. The downward movement led to a low of $40.60 in June. 



The price has been moving upwards since. It broke out from the descending resistance line on June 19. The bounce that led to the upward movement also served to validate the $45 horizontal area as support. 



The most interesting development comes from the weekly RSI, which is in the process of increasing above 50 (green circle). Whether it is successful in doing so or gets rejected will likely determine if the long-term trend is bullish or bearish.



If the upward movement continues, the next closest resistance area will be at $150.



QNT/USDT Chart By TradingView


Current pattern



The daily chart shows that QNT has been following an ascending support line since its June 13 lows. The line is currently at $88 and is expected to provide support if a decrease towards it occurs. 



The daily RSI supports the ongoing decrease towards the support line. It shows that QNT generated bearish divergence between July and Aug 11 (green line), an event that preceded the ongoing downward movement. 



Since the line also coincides with the 0.5 Fib retracement support level, it would make sense for the price to bounce once it reaches it.



QNT/USDT Chart By TradingView


QNT wave count analysis



Cryptocurrency investor @TheCryptoKazi tweeted a chart of QNT, stating that a decrease towards $20 could occur.



Source: Twitter


While that is a possibility, it seems that the price has completed a five-wave upward movement beginning on June 14. If so, it is now correcting inside an A-B-C corrective structure. 



This potential movement would also fit with the daily and weekly time frame readings, since it would indicate that the price will fall towards the ascending support line before bouncing and resuming its upward movement.



QNT/USDT Chart By TradingView


For Be[in]Crypto’s latest Bitcoin (BTC) analysis, click here
The post Quant (QNT) Corrects and Falls Below $100 appeared first on BeInCrypto.


Quant (QNT) has been falling since Aug 8 and could potentially complete its correction close to $88.
The post Quant (QNT) Corrects and Falls Below $100 appeared first on BeInCrypto.


Quant price	$120.25
Low - High 24H	$112.92 - $121.53
Market cap	$1.61B
Volume 24H	$40.27M
All time high	$427.42 -71.86% September 11th 2021
All time low	$0.215773 55637.58% August 23rd 2018
Genesis date	N/A

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