What do you think of the recent rise in the number of cryptocurrencies in a bear market? by Stephen Dalton | August 2022

Have you seen what Quant (QNT) has done since I published an article about the cryptocurrency three weeks ago?

Dreamstime Quantum Chips #241362977

QNT is expected by many to continue rising and reach the $160 plateau soon. Although, just like any other prediction in any market, it is just speculation.

In case you missed my QNT article, here it is:

Here is the QNT BY Trading View chart:

QNT to USDT from trading view

Here is the previous month’s Coin Market Cap QNT to USD chart:

QNT to USD Chart Last 30 days. Screenshot from CoinMarketCap 8 AUG 22.

Cointelegraph wrote:

Quant (QNT) rallied strongly from its intraday low of $40 reached on June 13. The bears attempted to stop the upside move at $115, but the bulls aggressively bought the dip below the 20-day EMA of $103 on Jul 26. — Cointelegraph.

What makes QNT truly unique is that the maximum supply of this altcoin is 14,612,493. That’s almost 6 million less than Bitcoin (BTC).

Yeah, I know, comparing the two is like an “apples and oranges” analogy, and I apologize for that. However, looking solely at those metrics gives you an indication of your scarcity in the cryptocurrency market.

Similarly, the maximum supply of a coin figures heavily into the total value locked (TVL) formula, which can be used as the predictor of price-earnings (PE) ratio in stock investments.

“Total Value Locked (TVL), in the context of cryptocurrency, represents the sum of all assets deposited in decentralized finance (DeFi) protocols that earn rewards, interest, new coins and tokens, fixed income, etc. — the motley fool.

NOTE: “All investments involve risk, including the loss of the principal invested. Past performance of a security does not guarantee future results or success. —TD Ameritrade. The term “value” can be exchanged for stocks, cryptocurrencies, gold, or any medium you choose.

DISCLAIMER: This article is for informational and entertainment purposes only. It should not be considered financial or legal advice. Not all information will be accurate. I am not a financial advisor, and you should consider everything I write as an informative and friendly joke to show you what is possible if you invest your money in these vehicles. However, there are no guarantees. Consult a financial professional before making any important financial decisions.

Note: This post contains affiliate links. read my disclosure statement for additional information.

About the author Photo by Jean Springs from Pexels.

Stephen Dalton is a retired US Army Master Sergeant with a bachelor’s degree in journalism from the University of Maryland and a certified editor of the Chicago Manual of Style in US English. He is also one of the top writers in nutrition, investments, travel, fiction, transportation, virtual reality, NFL, design, creativity and stories.

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