DataDrivenInvestor
Aug 9
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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:
medium.datadriveninvestor.com
Here is the chart for QNT BY Trading View:
Here is the Coin Market Cap QNT to USD Chart for the previous month:
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.
“Total value locked (TVL), in the context of cryptocurrency, represents the sum of all assets deposited in decentralized finance (DeFi) protocols earning rewards, interest, new coins and tokens, fixed income, etc.” — The Motley Fool.
NOTE: “All investments involve risks, including the loss of principal invested. Past performance of a security does not guarantee future results or success.” — TD Ameritrade. The term “security” can be interchanged with stocks, cryptocurrency, gold, or any medium you choose.
DISCLAIMER: This article is for entertainment and informational purposes only. It should not be considered financial or legal advice. Not all information will be accurate. I am not a financial adviser, and you should consider anything I write as informational and friendly banter to show you what is possible if you invest your money in these vehicles. However, there are no guarantees. Consult a financial professional before making any significant financial decisions.
Note: This post contains affiliate links. Read my disclosure statement for additional information.
Stephen Dalton is a retired US Army First Sergeant with a degree in journalism from the University of Maryland and a Certified US English Chicago Manual of Style Editor. Also, a Top Writer in Nutrition, Investing, Travel, Fiction, Transportation, VR, NFL, Design, Creativity, and Short Story.
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