QNT Price Analysis July 2022

QNT is a token of platform Quant. Its current price is around $73.5 by the time of writing, with a low of $41.1, and its market cap is 887 million dollars.

What is Quant?

Quant is a network that allows automating trust functions between multiple blockchains. It’s developed with Overledger, which interfaces with external blockchain systems making this possible. Quant serves the needs of banks, asset managers, and other financial institutions, along with enterprises and technology partners that support them.

Quant provides a single API for any app to work with any number of blockchain protocols. Providing a standardized API for every developer can reduce time spent on integrations, have better compatibility, and widen the market for apps that can now be used via blockchain technology. In addition, Quant Network makes it easy to design interoperable decentralized applications between different blockchain networks.

What is QNT?

QNT is the token of the Quant platform, which is around $73.5 by the time of writing, with a low of $41.1. It reached $428, and its current ranking is #52 according to CoinMarketCap, with a market cap of 887 million dollars. QNT is the underlying Ethereum-based token that allows for trading across borders with its native company Quant Network, a technology company that utilizes Overledger. This software solution connects public and private blockchains.

QNT Coin Market Analysis 

QNT has a total supply of 14,612,493 coins worth around $73.5 with a market volume of 66 million dollars, whereas the market capitalization is 887 million dollars at writing. 

QNT Price Prediction

QNT is a good investment if you’re willing to wait for a longer timeframe. However, cryptocurrencies are extremely unpredictable as of now, so use caution when investing.

On the 1D timeframe, the price action of $QNT/USDT has broken the horizontal resistance of an ascending triangle and will break its next resistance.

Qnt Price Analysis July 2022
QNT USDT

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Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh

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