$QNT has gone absolutely vertical.
From roughly $60 in the middle of September to around $267 today.
That's not a normal altcoin move anymore. That's a full repricing.
The reason isn't hard to find either.
The Clearing House selected Quant for its On-Chain Money Initiative, putting Quant's interoperability tech directly into an institutional payments conversation.
But here's where I'd be careful.
QNT is already trading at extremely stretched levels after the September explosion, and dormant wallets have started moving large amounts of QNT toward exchanges.
So I'm interested in the project.
I'm just not interested in pretending a 5x move doesn't need to breathe.
$280-$290 is the area I'd watch now. Hold it, and the trend remains aggressive. Lose it, and profit-taking could get ugly fast. $QNT
Not financial advice. Do your own research and manage your risk.
From roughly $60 in the middle of September to around $267 today.
That's not a normal altcoin move anymore. That's a full repricing.
The reason isn't hard to find either.
The Clearing House selected Quant for its On-Chain Money Initiative, putting Quant's interoperability tech directly into an institutional payments conversation.
But here's where I'd be careful.
QNT is already trading at extremely stretched levels after the September explosion, and dormant wallets have started moving large amounts of QNT toward exchanges.
So I'm interested in the project.
I'm just not interested in pretending a 5x move doesn't need to breathe.
$280-$290 is the area I'd watch now. Hold it, and the trend remains aggressive. Lose it, and profit-taking could get ugly fast. $QNT
Not financial advice. Do your own research and manage your risk.
