Quant has been following the direction of the broader cryptocurrency market for some time.
Quant has not been left behind, as the token’s value has plummeted by 8.1 percent in the last 24 hours, in line with the general decline in the value of cryptocurrencies.
QNT is currently trading at $74.30 on the major stock markets at writing.
Quant’s Gains Not Enough to Break Through
Quant was able to make considerable gains over the past week, but it is now amid a decline and has been unable to break through the $75 barrier level. If the bears in the market are not sufficiently robust, we may see QNT consolidating at its current levels.
As long as bears remain, we could see the start of QNT’s downturn, followed by a rally towards $70 and lower levels. If the price of gold reaches $70, it will either create an ideal buying position for novice traders or expose traders to losses if the price falls below $70.
On the other side, QNT may receive the market support it needs to rally to higher heights. Rebounding to higher levels necessitates the token breaking through the $75 resistance level, at which point a rally to $80 and higher levels may be witnessed. If the market rises above $80, it will signal that bulls have re-established themselves in the market.
Quant Network Aims to Gain Complete Adoption
One of the few networks working to bring blockchains together is the Quant Network. What distinguishes it from other systems is that it does not rely on sophisticated software to perform its functions.
Quant network strives to gain complete adoption from institutional investors, such as financial institutions, who are interested in experimenting with blockchain technology in the future. Because of the rising usage of distributed ledger technology, healthcare, supply chain, and other financial service organizations are among the industries that have embraced Quant networks.
Quant is a distributed operating system that connects blockchains and networks worldwide, increasing the efficiency of the network. Quant Capital developed it. Furthermore, this technology distributes the Overledger network, allowing for faster and more effective blockchain connections worldwide.
Again, the fundamental goal of Quant is to close the gaps that currently exist between different blockchains. Additionally, the Overledger enables developers to create decentralized multi-chain applications (MApps) for their customers through the Overledger.
Where to Buy Quantum?
If you wish to purchase QNT, you may do so on any of the cryptocurrency exchanges listed below:
eToro
eToro is a popular cryptocurrency exchange where you can purchase QNT. It accepts a large number of different cryptocurrencies and trading pairings. In addition, eToro offers a copy trading tool that helps new traders to learn from experienced traders.
Binance
Binance is the other cryptocurrency exchange that offers support for QNT. Because Binance is the largest cryptocurrency exchange, it has a high level of liquidity. Aside from that, Binance provides low trading costs and has user-friendly interface elements.
