FINTECH | CRYPTOCURRENCY
Have you seen what Quant (QNT) has done since I published an article about the cryptocurrency three weeks ago?
Quant Tokens Dreamstime #241362977
Many are expecting QNT to continue rising and reach the $160 plateau soon. Although, just like every other prediction in any market, it’s only speculation.
In case you haven’t seen my article on QNT, this is it:
Here is the chart for QNT BY Trading View:
QNT to USDT from Trading View
Here is the Coin Market Cap QNT to USD Chart for the previous month:
QNT to USD Chart Last 30 Days. Screenshot of CoinMarketCap 8 AUG 22.
Cointelegraph wrote:
Quant (QNT) made a strong recovery from its intraday low of $40 made on June 13. The bears tried to stall the up-move at $115 but the bulls aggressively purchased the dip below the 20-day EMA of $103 on July 26. — Cointelegraph.
What makes QNT truly unique is that the maximum supply for this altcoin is 14,612,493. That’s nearly 6 million fewer than Bitcoin (BTC).
Yes, I know, comparing the two is like an “apples and oranges” analogy, and I apologize for that. However, looking solely at that metrics gives you an indication of its scarcity in the cryptocurrency market.
Likewise, a coin’s maximum supply strongly figures into the Total Value Locked (TVL) formula, which can be used like the price-to-earnings (PE) ratio forecaster in stock investments.
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