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Over the past 24 hours, Quant price has surged 2.8% to $141.43, bolstering its bullish trend since January 1, 2023, which has seen the crypto rise 30% in the last two weeks. With a 24-hour trading volume of $59.7 million and a live market cap of $2.05 billion, the Quant token ranks #30 on CoinMarketCap.
Quant CEO Makes Key Predictions For 2023
In a recent blog titled DLT in 2023: Out of the Blocks, Quant founder and CEO Gilbert Verdian described the crypto outlook in 2023, focusing on the interplay between distributed ledger technology and the financial services sector.
With a new year comes predictions, right?@gverdian, CEO of @quant_network has four. The first is about unregulated crypto markets.
Find out more here: https://t.co/sTAcjNes8v#Quants2023Predictions pic.twitter.com/qRFi96HYSz
— Andrew Carrier 🍸 (@AndrewCarrier) January 10, 2023
According to the Quant executive, “Only about 1% of developers have the specialist knowledge required to work with digital ledger technologies.”
In his blog, Verdian says the year 2023 will see more stringent regulations as governments and regulators acknowledge that they can no longer expose consumers to unsupervised exchanges that seemingly have a license to print money while delivering stark losses for those who could least afford it.
According to Verdian, the crypto market has grown significantly and can comfortably act as a contagion to the rest of the financial system. This, according to him, sparks regulator concerns as they try to mitigate risks with appropriate rules.
Nevertheless, Verdian says that “recognizing the need for regulation is one thing: designing, agreeing to, and implementing it is quite another.”
Further, the Quant CEO explores the crypto world as it becomes more staid and sensible. In this aspect, he says Layer 2 (L2) technologies, formerly designed fast and poorly, will begin to disappear as the more valuable and usable networks remain intact and stronger than ever. According to the executive, the hype will reduce as crypto enthusiasts focus on other use cases for blockchain. “They will likely continue looking for assets with low barriers to entry, part of crypto’s appeal,” said Verdian.
Further in the blog, Verdian describes three other predictions; banks and asset managers scrambling to recruit blockchain specialists, CBDCs becoming politicized but ultimately prevailing, and stronger links between chains, thereby improving trust.
Verdian’s predictions come as blockchain use cases abounded in 2022, but the Quant executive believes we have only scratched the surface of what this transformative technology can help achieve.
Quant Price Gears Up For 16% Rally
QNT is on track for more gains after the altcoin broke out of a rounding bottom chart pattern as shown on the daily chart below. The latest rise above the 50-period Simple Moving Average (SMA), the 100-period SMA, and the 200-period SMA indicates a possible continued recovery for the token.
At the time of writing, the Quant price was trading at $141.43. The QNT token currently relies on the support at $133.07 embraced by the 50 SMA as the token attempts to rise beyond the critical resistance at $156.84. This could be where Quant’s upside may be capped for the short term, as the price has been rejected here in the recent past.
Nevertheless, in highly ambitious cases, QNT may breach this barrier to tag the $164.34 psychological level, bringing the total gains to 16.34%.
QNT/USD Daily Chart
Several technical indicators support the positive outlook for QNT price. For starters, the crypto was sitting on strong support downward due to the 100-day, 200-day, and 50-day SMAs, which pass as a buyer congestion area at $131.84, $118.76, and $116.99, respectively.
Furthermore, the MACD indicator was moving upward within the positive region, suggesting that QNT was under the control of buyers. Additionally, the Directional Momentum Index (DMI) reinforced the bull’s grip on Quant’s price, with its negative directional line (-D1) at 9.2, way below the positive directional (+D1) line at 34, suggesting a powerful uptrend.
Conversely, Quant’s bullish outlook may be invalidated if a daily candlestick close is achieved below the 100-day SMA at $131. Such an outcome could see the Quant price retreat to the SMAs below that and, in highly bearish cases, drop lower to revisit the December 22 swing low at $101.30. Traders could expect Quant bulls to take a breather here before kickstarting a recovery..
C+Charge Records Another Milestone At $300K In Presale Raise
The C+Charge platform is committed to providing electric vehicle (EV) drivers with a transparent and helpful system for charging their electric vehicles. It is designed to enable drivers to charge their EVs at specific charging stations and pay using their electronic wallets. The currency for such services will include the platform’s native currency, CCHG tokens.
In return, EV drivers will get carbon credits as rewards for charging their vehicles and paying in CCHG tokens. Finally, C+Charge also enables individuals to use carbon credits.
The idea presented by the C+Charge team has been met with great enthusiasm among users and the greater crypto community. This is evidenced by the remarkable success that the CCHG presale has recorded in token sales. As of January 17, the project had recorded another milestone, raising upwards of $300,000 in the presale.
📣 Attention C+Charge Crew! 📣
We just hit another milestone – over $300K raised! 🚀
Don’t miss out – buy $CCHG now before the price increases in the next stage! ⬇️https://t.co/ixe18bPYpg#crypto #presale #cryptocurrency pic.twitter.com/6OExGLjlYK
— C+Charge (@C_Charge_Token) January 17, 2023
If CCGH’s presale success continues, chances are very high that the it will become the best eco-friendly coin for 2023!
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Source: https://insidebitcoins.com/news/quant-price-prediction-as-qnt-bulls-target-65