The post Quant Enters Top 30 Crypto, QNT Price Rallies 40% in 7-Days appeared first on Coinpedia Fintech News
Quant price witnessed a growth of more than 100% in the past couple of hours to mark new highs at around $213. The asset reached an 18-month high and marked its presence within the top 30 crypto assets as per the market capitalization. Meanwhile, the QNT price with the next leg up is expected to surpass Monero & Cronos which hold a $2.6 billion market cap each.
Will QNT price continue with the current upswing or the bears will take over control over the rally?
Quant is among the cryptos that have decoupled from the rest of the market sentiments and ranged high, recovering the losses incurred during the unfamous crypto crash in May 2022. The price has been ascending for over a month now and hence is expected to undergo another x or 2x jump to hit $300 in the coming days. But how?
Ever since the QNT price marked its bottom below $45 in July, it ignited a parabolic recovery and appears to have accomplished more than 50% of it. On the other hand, the RSI has surged to 86.14 and has been trending within the oversold levels for the past couple of days. Therefore, one can expect the bulls to get exhausted a bit which may drag the price slightly lower, and could be back below $200 for a while.
However, this may cause a catapult action, causing the price to rise above the gained levels and eventually surpass the first barrier at $270.16 by the end of October. Meanwhile, social sentiments are strengthening, supporting the claim of a healthy upswing in the QNT price in the coming days.
As per the data from LunarCrush, Quant price ranked number 1 among all other 3928 altcoins in the crypto space. The past social activity was extremely bullish for the asset as the mentions for the platform raised by more than 43% while the engagements by 64%. Also, the number of social contributors spiked by more than 65%.
In addition to being the number one altcoin, Quant(QNT) price was ranked 76th in terms of weekly performance, 131st in terms of price change, 50th in terms of trading volume, 14th in terms of social volume, and 8th in terms of social score. Therefore, after a minor pullback, the price is believed to regain bullish momentum and propel high.