Alt season is not far away! Rainbow Chart: QNT vs. BTC
Good morning,
Bitcoin has been leading the recent crypto rally thus far but given its huge market cap we know that wouldn't be the case indefinitely.
Fundamentally solid alt coins will step in as institutional demand will ramp up for their utility (not price). More on that in my previous analysis of Quant Network (linked below).
QNT vs BTC is currently in the lower range and is at the horizontal volume support of around 0.0027. It took only one rally last year to peak during October 2022 around 0.01, almost hitting a 4x against Bitcoin.
This doesn't only account for Quant (QNT) but for multiple solid alt projects but at this very moment, given the recent rally, I'm mostly interested in projects that have been lagging and still have a lot of upside potential. With the recent Grayscale fund on the London Stock Exchange - listing QNT as their 5th holding in the basket - as well as whales buying - I see many reasons for QNT to appreciate against Bitcoin and the US Dollar.
Bitcoin has been leading the recent crypto rally thus far but given its huge market cap we know that wouldn't be the case indefinitely.
Fundamentally solid alt coins will step in as institutional demand will ramp up for their utility (not price). More on that in my previous analysis of Quant Network (linked below).
QNT vs BTC is currently in the lower range and is at the horizontal volume support of around 0.0027. It took only one rally last year to peak during October 2022 around 0.01, almost hitting a 4x against Bitcoin.
This doesn't only account for Quant (QNT) but for multiple solid alt projects but at this very moment, given the recent rally, I'm mostly interested in projects that have been lagging and still have a lot of upside potential. With the recent Grayscale fund on the London Stock Exchange - listing QNT as their 5th holding in the basket - as well as whales buying - I see many reasons for QNT to appreciate against Bitcoin and the US Dollar.
Comment:
No one ever likes to buy a bottom, they always prefer to buy a top. Very apparent here, also the lack of engagement since prices went lower. It should be the other way around, but people never learn...
Comment:
up she goes!
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