Quant has been mimicking the trend of the broader crypto market. With most of the cryptocurrencies dropping in price, Quant has not been left behind, given that in the past 24 hours, the token’s value has dropped by 8.1%.
At the time of writing, QNT is trading at $74.30 on major exchanges.
QNT Price Analysis
Quant managed to acquire significant gains in the past week, but now it is headed to a downtrend, and it has failed to push past the $75 resistance level. If market bears are not strong enough, we might see QNT consolidating at the current levels.
However, if market bears persist, we might see QNT’s downtrend commencing, after which we will witness a rally towards $70 and below. Reaching $70 will either form an ideal buying position for new traders or open up traders to losses if the value drops below $70.
On the other hand, QNT might get the market support it needs to rally to higher levels. Rallying to higher levels will mean that the token will have to break past the $75 resistance level, in which case a rally to $80 and above might be witnessed. Rallying beyond $80 will mean that market bulls have been reestablished.
The Quant network is among the few that work to establish interoperability among blockchains. What makes it unique is that it does not use complicated software to achieve functionality.
Quant network works to achieve full adoption from institutional investors such as financial firms who want to venture into blockchain technology. Some of the sectors that have also adopted the Quant networks is healthcare, supply chain and other financial service firms because of the increased adoption of the over ledger technology.
Where to Buy Quant (QNT)
If you want to buy QNT, you can check on the following cryptocurrency exchanges:
One of the leading exchanges where you can buy QNT is eToro. eToro supports a wide range of cryptocurrencies and trading pairs. eToro also has a copy trading feature that allows new traders to learn from market experts.
The other crypto exchange that supports QNT is Binance. Binance is the largest crypto exchange; hence it offers high liquidity. Besides, Binance charges low trading fees and has friendly user features.
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