A follow up on my previous analyses on Quant (QNT) which became one of my favorite projects in crypto because of the importance of interoperability, its token economics and its team / network. I made a full analysis on August 6th explaining why I am mega bullish on this coin (link below) and now just over a month later we more than doubled in USD and ETH and about a 4x in BTC. There is a lot more upside for QNT in the coming months with 675 USD (+77%) being the next bullish target for the ones who have patience.
The question remains, did you buy?
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
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UPDATE: This might seem counter intuitive given the price is slightly dropping but Quant is getting ready for a new leg up! I expect it to happen in the coming 10 days or so...
I first started looking at QNT at $77, didn't buy. Then I saw your first analysis and... I didn't buy it again. Do you think there is going to be some amount of a pullback on QNT (maybe to the .618 marker on your FIB) or is it just going to have an ETH-like rip and I should just BUY now? Of course, I know that depends on the outcome of BTC and ETH, but QNT seems to be performing consistently well despite FUD surrounding other altcoins. I won't take your words as law so feel free to respond openly, I'm just curious about your opinion because I like your content.
Thanks!
cryptobullethbtcxlm
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@CivilShrew653, for one its really hard to do any ta on QNT as it just goes its own way. Secondly, I believe it has a lot more upside because of its product. To me its spot on what crypto and (mostly) institutions need to adopt into the crypto space; an os that allows them yo create mapps (multichain applications) and corresponding multichain tokens, transfers / settlements. Which makes its suitable for CBDC’s and a whole lot of other institutional use cases. Thirdly, if you look at their partners / network; Oracle, AWS, ECB, Bank of England and LACChain (Latin American Crypto Infrastructure project) — you see why growth is with Quant. In general, crypto cant be just this chain or the other or some token speculation/ moonboy space. Crypto needs real world use cases and institutional adoption. I think QNT makes that happen but obviously nothing is for sure in this space.
For your reference, I just bagged up some more, just before I posted this; taking ETH profits off the table and putting them into QNT. Can it retrace lower? For sure! Can it pump higher? Also, for sure! For me, I just want to have exposure to this project and I’m in it for the long haul and thus I dont mind some retraces before we get there.
Last thing that makes me bullish us the amount of holders: something like 22/23K, which is nothing. This means institutions or whales are buying and seeing the volume and price hikes I cant explain it in any other way. I do know some ETH whales are accumulating. Conclusion; I think QNT can go much higher in the long term especially when the crypto influencers get on it. As of now, it is completely ignored and everyone is hyping Solana. SOL is decent but getting towards overvaluation, QNT with around 5bn has still some ways to go. Its also not in any institutional bakset as of yet but it does belong there.
BrianM20
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@cryptobullethbtcxlm, what you did with ETH to QNT is very common usual practice ; pivoting; let's do a simple calculation how many Xs were you in ETH and lets times that by how many Xs you think you're seeing as probability and of course possibility, I'm on your Telegram chat as a user name Nima. JUST GIVE ME TARGET; I look forward to that.
cryptobullethbtcxlm
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@BrianM20, short term target (coming months) is mentioned above, long term targets in my initial Quant post. Long term targets are much more guessing and assuming Quant will be adopted. If(!) it will; we see a 4 digit QNT price. I’d agree on your technical buy target if QNT would move with the market but its in price discovery and has a few more updates in the planning this coming weeks. Check Quantpedia for more info or their website. Good luck!
BrianM20
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@cryptobullethbtcxlm, Got it, any target for EOY? not sure If I'm gonna sit through 2022 on anything!
BrianM20
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@cryptobullethbtcxlm, will exit ALL MY 25 positions by EOY or at the very latest in first quarter
ywtkx9y2x9
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@CivilShrew653 I think when you buy QNT more likely buying a company stock then token.
Trinity-Casper
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congratulations !! this is awesome
cryptobullethbtcxlm
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@TrinityCommunity-Casper, thank you!
BrianM20
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did you get too much sun over summer vacation? there're only lower lows;
Thanks!