In-Depth Analysis of Quant (QNT): Understanding Price Movements and Market Position
Recent analysis of the cryptocurrency Quant (QNT) has offered fresh insights into its price movements and volatility over different time frames. An integral tool used in the analysis is the Bollinger Bands, a popular technical analysis tool that measures market volatility. The bands’ width, represented in gray, is key to understanding Quant’s volatility – the wider the bands, the greater the volatility.
24-hour Snapshot and Weekly Overview
The left side of the chart presents the price movement and volatility over the past 24 hours, while the right side displays the past week’s data. A noticeable decrease in trading activity is evident, with trading volume dropping 25.0% over the previous week. Simultaneously, a slight increase of 0.14% has been observed in Quant’s circulating supply, pushing the total to over 14.54 million coins.
Quant’s Position in the Market
This figure signifies approximately 99.53% of Quant’s maximum supply, which is capped at 14.61 million. The current market capitalization of Quant places it at the 47th rank in the market, with a value of $1.75 billion. This analysis is powered by the CoinGecko API, which provides real-time updates on cryptocurrency metrics.
Future Predictions and Market Revival
The crypto market is currently experiencing a resurgence reminiscent of the 2020-2021 bull run, with market capitalization growing nearly 100% since the start of 2023. Factors like regulatory updates, technological advancements, and shifting investor sentiment are believed to be behind this revival. There is optimism for a major rally, driven by increasing institutional interest and adoption, despite challenges from the shifting global economic landscape.
Performance of Quant
The 54th biggest digital money by value, Quant, has recorded losses on its weekly price chart. This comes after Quant coin was one of the top-performing altcoins in December 2023. According to CoinMarketCap, Quant coin has been ranging between $132.11 and $148.10 in the past week. However, the Quant price has moved above both the 50 and 200-day moving averages. Experts believe the price will go up to $165 in the next few days.