After the value of Quant Community (QNT) increased by 450% significantly in the first four months, a sharp reversal occurred immediately. The prospect of QNT's pullback will be implied from a series of technical and month on month indicators, which all indicate that investors supporting its price rise may have reached the exhausted stage. The following is a small list of three factors that may occur.
1、 Quant's active address drops every day
The sharp rise trend of QNT is consistent with the daily active addresses, forming a powerful convergence point of help. Therefore, falling below US $185 may make QNT short US $137, down 25%, which is the final callback focus at the end of the 30 day cycle.
3、 QNT whale population decrease
The 450% price increase period of Quant Network is very consistent with the increase of 100 QNTs and 1000 QNT tokens held by Santiment, which are called "whales".
However, the whale population began to decline on October 16, the day before the price of QNT and DAA reached their peak. At the same time, the number of addresses with 1000 QNT tokens and 10000 QNT tokens also declined, indicating that the sharp decline in the number of addresses with 100-1000 QNT tokens was due to the distribution of tokens rather than accumulation.
In other words, QNT Whale has started to publicize their shareholding near the possible maximum selling price of tokens, and has increased the option of continuing to decline for special targets.
These are three reasons why the QNT token may reach its peak after rising by 450% since June. In addition, QNT currency is the currency of Quant blockchain, which can grant digital access permission to applications or services. QNT is also used to pay access fees in legal currency. For example, developers and enterprises pay monthly consumption fees to Quant Treasury accounts using QNT.