Bitcoin and Ethereum are not doing very well in terms of gains. While most altcoins are making significant gains, the two largest cryptocurrencies are trading at $45K and $3000, respectively, levels that they have held for the past two weeks. Quant is among the altcoins making significant gains.
Quant is trading at $173.63 at the time of writing after a 13.8% gain in 24 hours.
Quant Price Analysis
At the beginning of August, QNT reached the $186 all-time high, but since then, the coin has failed to register any new highs. Despite facing this resistance, QNT is still resilient in maintaining the gains made in the past few weeks.
Quant’s volatility is currently high, which has caused a rapid rise and fall in value in recent weeks. Over the past 24 hours, QNT has managed to gain by over 13%, which shows a positive trend for the coin to recover its all-time high.
Buyer support could rally up QNT towards the next resistance of $178. If it reaches $180 using this support, we could see the coin break beyond $182, after which the $186 mark will be broken.
If there is a downtrend at this point, QNT will drop to the lower support of $168. Sharper bears at this point could erase most of the gains made in the past week, as it could trigger trader selloffs.
The Quant token is an Ethereum-based asset that aims at achieving interoperability between different blockchains. QNT is mainly targeted for institutional adoption, with the token being used to pay for fees on the Quant blockchain. It is also used to offer security to the Overledger network. Hence, other than market and buyer support, the adoption of the Quant blockchain will have a positive effect on QNT prices.
Where to Buy Quant
If you want to buy QNT, you can do so on the following platforms:
eToro is one of the leading cryptocurrency exchanges. It supports a wide range of user-friendly features such as copy trading, where a new trader can copy the trading strategies of expert traders. eToro’s trading fees and commissions are also affordable.
The other exchange platform that supports QNT is Binance. Binance is the largest cryptocurrency exchange platform. Its trading fees are low, and it supports a wide range of cryptocurrencies and trading pairs.
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