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Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism

Quant (QNT) Records Biggest Whale Transactions In 16 Months

Semilore Faleti
Semilore Faleti
Last Updated: June 11, 2024 11:27 am
3 mins read
QUANT

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According to a report by Santiment, Quant (QNT) has just recorded its largest amount of whale transactions in 16 months. The on-chain analytics platform noted that 187 QNT transactions were executed today, culminating in a value of over $100,000, the highest the Quant Network has recorded since September 2021.

Quant Whale Activity Soaring

Source: Santiment

Just over a week ago, Santiment had also reported some level of whale activity on the Quant Network that caused the QNT token to boost in value by 10%. However, unlike then, the massive increase in whale transactions today is yet to produce such positive effect. 

At the time of writing, the price of QNT has decreased by 1.18% in the last 24 hours, falling to a value of $112.71. According to more data by CoinMarketCap, the token’s 24-hour trading volume has also declined by 24.38%. That said, Quant (QNT) remains the 32nd largest cryptocurrency with a market cap value of $1,361,238,271.

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What To Expect From Quant (QNT) In 2023?

Quant (QNT) is believed by many to be one of the most promising coins for 2023. Although the token’s price dropped by 40% over the previous year, Santiment tweeted a report stating that QNT’s total supply on exchanges had decreased by 23.4% within the same period. 

This indicates the coin experienced an increased demand in 2022 and could be set for a massive price rally as the crypto market recovers in the coming months.  

According to price predictions by Bitnation, QNT could trade as high as $203.07 in 2023, indicating a plausible 80.17% on the current market price. The team also anticipates the asset’s average and minimum market prices to be around $169.22 and $135.38, respectively.

Coincodex, another popular crypto prediction site, also paints a positive outlook for the QNT token. According to their 2023 price predictions for the altcoin, the coin is expected to attain a value of $113.46 in five days and $135.39 in 30 days. In the next one year, they believe QNT could hit a market price of $175.27 if its growth pattern mirrors that of the internet. 

However, it is worth noting all these forecasts are not guaranteed, and QNT could even suffer the opposite fate, as no entity can fully predict the movement of the crypto market due to its high volatility.

QNT trading at $112.68 | Source: QNTUSD Chart on Tradingview.com

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Going into the new year, Quant Network has already stated its aims to expand its ecosystem through the deployment of more projects, several of which are already under development. 

Quant also plans to introduce more updates to the Overledger blockchain, and additional developer solutions to aid the process of building and deploying blockchain projects. Going by all this, there is quite lot to expect from Quant in 2023. 

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Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
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