Cryptocurrency Quant Down More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Quant (CRYPTO: QNT) has seen a significant price drop of 7.15% in the past 24 hours, reaching $120.01, and an 11% decrease over the past week from $134.92. The trading volume has decreased by 25%, while the circulating supply has slightly increased. Quant's market cap ranking is currently #47, with a valuation of $1.75 billion.
January 05, 2024 | 7:02 pm
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Quant (QNT) has experienced a 7.15% price drop in 24 hours and an 11% decrease over the past week, indicating a bearish trend with decreased trading volume.
The significant price drop in both the short term (24 hours) and over the past week suggests a bearish outlook for Quant in the short term. The decrease in trading volume could indicate reduced investor interest or market activity, which typically aligns with downward price pressure. The slight increase in circulating supply may also contribute to the price decline, although it is a relatively small change. Given that Quant is not a stock but a cryptocurrency, it is not directly associated with a US-listed company or ETF, but the symbol QNTUSD represents its trading pair with the US dollar.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100