The price of Quant Network (QNT) eyes a sharp reversal after an impressive 450% rally in the past four months. QNT’s downside outlook takes cues from a flurry of technical and on-chain indicators, all suggesting that investors who backed its price rally have likely reached the point of exhaustion. QNT/USD daily price chart. Source: TradingView Here are three reasons why it could be happening. Quant’s daily active addresses drop Interestingly, the period of QNT’s massive uptrend coincided with similar upticks in its number of daily active addresses (DAA). This metric…
Tag: Token
3 reasons why Quant Network’s QNT token may have topped after 450% gains since June
The price of Quant Network (QNT) eyes a sharp reversal after an impressive 450% rally in the past four months. QNT’s downside outlook takes cues from a flurry of technical and on-chain indicators, all suggesting that investors who backed its price rally have likely reached the point of exhaustion. QNT/USD daily price chart. Source: TradingView Here are three reasons why it could be happening. Quant’s daily active addresses drop Interestingly, the period of QNT’s massive uptrend coincided with similar upticks in its number of daily active addresses (DAA). This metric…
Aptos Token Opens For Trading After Blockchain's Rocky Debut
The native token of Aptos blockchain opened for trading late Tuesday. Source
NFT project Azuki launches Physical Backed Token
Anime-inspired nonfungible token (NFT) project Azuki has released a Physical Backed Token (PBT) — an open-source token standard that ties a physical item to a digital token on the Ethereum blockchain. Azuki shared on its Twitter account that the first implementation of the PBT will use the BEAN Chip; a physical cryptographic chip that self-generates an asymmetric key pair. The combination of the PBT and the BEAN Chip introduces a feature, which the project is calling “scan to own”. Introducing the Physical Backed Token (PBT): an open source token…
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What’s in a Name? Apricot Finance’s Token Surges on Similarity to Aptos Token’s Ticker
That didn’t stop traders from taking bets on the existing APT. Trading volumes on Apricot’s APT jumped from under $70,000 on Monday to over $2.2 million on Tuesday afternoon, with prices continuing to increase at writing time. The tokens are traded on Gate and LATOKEN, two medium-tier crypto exchanges. Source
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First Mover Americas: Technical Signs Flashing Green for Bitcoin and Ether, Quant Network's Token Surges 14%
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 17, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Fan token firm Chiliz grows staff by 70% despite crypto winter
Blockchain company Chiliz, creators of fan token platform Socios.com, has continued to expand its workforce despite the ongoing bear market, reflecting a growing trend in the fan token sector. The overall cryptocurrency market has seen a massive selloff in 2022, with the total market capitalization plummeting 60% since the beginning of the year. Some major crypto companies, including Coinbase and Gemini, had to cut their workforce by 10%–20% to maintain operations and continue serving their clients. While a wide number of crypto businesses have faced challenges amid the cryptocurrency winter,…
Quant Network’s QNT Token Enters Top 30 Crypto List With an Envious ‘Overbought’ Status
Further, On Aug. 22, Quant Network announced a non-fungible tokens (NFT) standard called QRC-721 to help users build and deploy secure, interoperable NFTs and overcome limitations associated with Ethereum’s ERC-721. According to Martin Hargreaves, Quant’s Chief Product Officer, the ERC-721 tokens lack interoperability and have been subject to hacks. Source