#QNTFallsOver40%FromMorningHigh
#QNTFallsOver40%FromMorningHigh
It drops by more than 40% from the day’s peak.
Quant (QNT) has seen one of the most volatile market sessions after rising to levels near $360 before being hit by a sharp sell-off.
The numbers now:
From $360 to $199, then rebounded to $230.71.
Down 40% in hours.
Market cap: $2.78 billion.
Trading volume: $1.4 billion.
Still up 253% this week.
The reason:
A rocket-like 430% surge in 4 days after Quant was chosen by The Clearing House for a project involving payments for U.S. banks.
Intense profit-taking from whales.
$540,000 liquidated.
The move shows the size of the risk when an asset rises by more than 400% in a few days.
Is it a buying opportunity at $230, or will it keep falling to $200?
#QNTFallsOver40%FromMorningHigh #QNT #Quant #crypto #BinanceSquare
#QNTFallsOver40%FromMorningHigh
It drops by more than 40% from the day’s peak.
Quant (QNT) has seen one of the most volatile market sessions after rising to levels near $360 before being hit by a sharp sell-off.
The numbers now:
From $360 to $199, then rebounded to $230.71.
Down 40% in hours.
Market cap: $2.78 billion.
Trading volume: $1.4 billion.
Still up 253% this week.
The reason:
A rocket-like 430% surge in 4 days after Quant was chosen by The Clearing House for a project involving payments for U.S. banks.
Intense profit-taking from whales.
$540,000 liquidated.
The move shows the size of the risk when an asset rises by more than 400% in a few days.
Is it a buying opportunity at $230, or will it keep falling to $200?
#QNTFallsOver40%FromMorningHigh #QNT #Quant #crypto #BinanceSquare
