While the majority of the cryptocurrency market is making losses attributed to market volatility, some altcoins are still on an uptrend. Quant is among the current gainers in the market. It has created an uptrend that has led to the creation of new highs. Since the market started an uptrend in late July, QNT has managed to gain over 100%.
Quant is trading at $196.98 at the time of writing after a 6.3% gain in 24 hours.
Quant Price Analysis
QNT has managed to make major gains since the beginning of the month. In the past 24 hours, QNT managed to reach an all-time high of $209. However, it failed to maintain this high, and it instead retreated to lower levels.
The current dip could be created by selling pressure caused by traders who wanted to sell when the prices surpassed $200. If there is more selling at this point, QNT could retest $196 before gearing up for another bull run. Despite the current dips, the overall market and buying support remain strong.
If the bullish sentiment is maintained, we could see QNT reclaim highs above $200 and break past the $209 resistance. The current dip could motivate buyers to accumulate more, with expectations that new highs will be created. Various market signals show that QNT is a good buy; hence we could see the prices rising because of demand.
The Quant blockchain is focused on offering interoperability between blockchains to allow them to work together. The Quant blockchain works with an Overdrive technology, whose fame has picked up in recent days. The blockchain’s unique technology has picked interest among institutions, and if it gains immense adoption, we could see QNT’s value increasing.
Where to Buy Quant
If you want to purchase QNT, you can create an account on the following platforms:
eToro is one of the leading cryptocurrency exchange platforms. It offers social copy traders, which is where a new trader can learn from the strategies of expert traders. eToro is also supported in many countries and offers a wide range of cryptocurrencies and trading pairs.
You can also buy QNT from Binance. Binance is the largest cryptocurrency exchange platform. It offers high liquidity, given that it allows traders to access many various cryptocurrencies and trading pairs. Binance also charges some of the lowest fees.
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