QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally

Christian Encila

2 years ago

2 mins read

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QUANT is making some positive noise, despite the bear market, with QNT notching gains in the last week.

Most cryptocurrency exchanges have made some decent profits recently, despite the beatdown form the broader crypto market.

Cryptocurrencies, meanwhile, have kept the charts green even while the stock market suffers from larger macroeconomic issues.

One of the tokens is QNT, which gained 35.77 percent, making it one of the top gainers of the past seven days. An improvement in the coin’s fortunes may be in the offing.

Market trust in cryptocurrency could be bolstered by the rise of Quant as the market recovers.

QUANT Recovers, Up 50%

Inflation data announced by the U.S. Federal Reserve on September 13 jolted global financial markets. Due to strong links between the S&P 500 index and Bitcoin, the stock market brought down the cryptocurrency market with it.

Back then, the QNT price had a hard time moving above the $112.12 barrier. As of September 13 and beyond, the crypto market as a whole plummeted, and QNT was no exception, instantly experiencing a decline.

At the same time, market uncertainty and skepticism made it difficult for bulls to drive the price of Ethereum and Bitcoin higher.

As of this writing, the token’s value has increased by about 50 percent since September 13. During this latest occurrence, the majority of coins merely enjoyed modest gains. But what do the current signs reveal?

Market Shifts Anticipated

Chart: TradingView.com

Currently, the Stoch RSI is in the hundreds. This indicates that the asset is grossly overbought and will have a price correction within the next few days . Currently, the CCI figures are also declining.

Due to Quant’s current price level, traders and investors may sell their QNT coins to profit from the recent market action. This price movement is supported by the range of $126.83.

If a correction occurs because Quant is overbought, we can see a decline to $122.18.

As of the time of writing, the price is positioned between the 50 Fib line and the 38.20 Fib level. The pricing is currently rather constant.

QNT’s function in the crypto realm is a significant factor in their robustness. Quant’s primary service consists of applications that allow different blockchains to communicate, enabling the transfer of coins.

In light of this, we may expect better news concerning Quant in the next days.

QNT total market cap at $1.62 billion on the daily chart | Source: TradingView.com

Featured image from Motivation Grid, Chart: TradingView.com

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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