您现在的位置是:Quant price: QNT sells >>正文
Quant price: QNT sells
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛9人已围观
简介Quant (QNT) price jumped to near $117 on Friday, but traded near $100 on Monday morning.QNT was down...
- Quant (QNT) price jumped to near $117 on Friday, but traded near $100 on Monday morning.
- QNT was down amid selling pressure after rallying on news the blockchain platform had collaborated on a UK CBDC with the Bank for International Settlements (BIS) and Bank of England.
- The collaboration is seen as a potential positive trigger for future QNT price gains, although currently bears can target $80.
As major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) struggle with fresh sideways grind, some investors are taking whatever profits they can. This is the case with crypto markets down today.
The price of Quant (QNT) is down 2% in the past hours, trading just under $100 early morning on Monday.
However, the token had jumped to highs near $117 on Friday after news that the blockchain platform had collaborated with the Bank for International Settlements (BIS) and Bank of England on the UK’s central bank digital currency (CBDC).
QNT’s daily trading volume was $32.3 million, with a 24-hour decline of 26% from a day earlier.
Quant collaborates on Project Rosalind test for UK CBDC
Quant, founded in 2018, is a UK-based blockchain platform that seeks to make it easy for traditional financial institutions to tap into blockchain technology. The platform pioneered the interoperable blockchain network Overledger, which market experts say could be critical to the development of CBDCs.
On 16 June, Quant announced it had played a role in Project Rosalind, acting together with digital transformation platform UST as a project vendor. Project Rosalind is a test for the UK CBDC, which was led by the Bank for International Settlements and Bank of England. Other participants were Bank of Canada, Barclays Bank, Amazon and Mastercard.
The test sought to explore how application programming interfaces (APIs) could be used for CBDC systems.
The test showed that APIs had the potential to enable CBDC systems to deliver several benefits related to payments functionality and security. Rosalind also showed that innovative use cases around CBCDs were possible, including their use in supporting further digitization of the economy.
“For the first time money is ready for the digital age,” said Gilbert Verdian, founder and CEO of Quant. “A CBDC will enable citizens and businesses to automate cumbersome payments and processes and implement logic into money”
Verdian has urged banks and other financial institutions to “read the Project Rosalind report and start planning their smart money infrastructure strategy.”
Quant price prediction
Quant’s role in Project Rosalind and the news of it as announced on Friday was a positive catalyst for the price of QNT. With this outlook, the blockchain platform signals its potential role in the growing CBDCs space.
But in terms of price movement over the past 10 months, the bear market sell-off sees the token currently trade more than 76% from its all-time high above $427 reached in 2021. It’s a trend that could see QNT drop to sub-$80 levels, a target for bears, if the support level near $95 fails.
On the flipside, if an upbeat sentiment permeates the crypto market – probably led by Bitcoin (BTC) price rebounding to $30k, QNT could recover and target $200. The two likely hurdles on the upside are $105 and $120.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/294341.html
相关文章
Ethereum (ETH) loses all post
Quant price: QNT sellsEthereum price has dropped by 11.8% over the last week.It had surged above $2,100 after the Shanghai...
阅读更多
AAVE rallies following the GHO stablecoin proposal
Quant price: QNT sellsIt has been a positive week for the cryptocurrency market so far, with the prices of most coins up b...
阅读更多
Moto Genesis NFT Collection launched: Wilder World (WILD) token price surges
Quant price: QNT sellsMetaverse crypto coins are continuously building their ecosystems; something that has made them rema...
阅读更多
热门文章
- Dwindling DeFi Sees Price Dip
- $7.8 billion of the $14 crypto crime in 2021 attributed to scams
- Revolut To Use Fireblocks For Its Crypto Service
- Cardano's Hoskinson discusses the future he envisions for DeFi
- UTU Coin Crowd Sale Sells Out In Minutes
- Bitcoin miner stock CleanSpark has upside to $12, analyst say
最新文章
Propy is up 47% in the last 24 hours: where to buy Propy now
Cryptos in the green, US stocks rise as investors await CPI data
NEAR is up 7% this week: Top places to buy NEAR
Google accelerates crypto strategy with hiring ex PayPal Exec
Swipe (SXP) is up over 30% today – Here is why you should buy it now
Arcane Research's 2022 predictions for the crypto, DeFi, and NFT niches