This QANplatform (QANX) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our QANX price analysis and prediction.
The crypto industry continues to grow. Many crypto projects pursue improvements to their technologies to stay competitive. One such leading technology is the QANplatform, a Quantum-resistant hybrid blockchain ecosystem, whose native utility token is QANX. As of now, it’s not yet available but is soon launching for use. The platform’s testnet will be present in a few months (Q4 2021) and the full utility token features of QANX token will be available after the mainnet launch in Q1 2022.
Does QANX have the potential to moon? Can QANplatform reach $1 in 2021? We will find out shortly. But before we proceed to our QANplatform price analysis, let us first answer the question “What is QANplatform?” in this QANX prediction 2021 article.
What Is QANplatform?
QANplatform (QANX) is a quantum-resistant hybrid blockchain platform. For its tagline, the official website states: “Build your software applications like DApps or DeFi and run business processes on blockchain in 5 minutes with QANplatform.”
QANplatform’s key mission is to enhance a future-proof blockchain platform, and not just be another one on the list. Moreover, Quantum-resistant security is their USP. Still, QANplatforrm goes even further and focuses on lowering the entry barrier for the developer community, so startups and enterprises can develop their Proof-of-Concepts (PoC) and Minimum Viable Products (MVP) as fast as possible to reach mass adoption.
The QANplatform solves the issue by developing integrations to existing and widely used and loved programming languages (Rust), DevOps technologies (Docker, Kubernetes), and Cloud Platforms like Amazon AWS.
What makes QANplatform so reliable for users is that it has also successfully completed VC round 1 and IDO round 2 before listing. Additional milestones include that on June 02, 2021, QANX token launched on UniSwap and PancakeSwap with $250K starting liquidity, with its launch price of $0.011. Notably, the QANX token was a #1 trending on DEXTools for both ETH and BSC networks. Added to this, the QANX staking pools opened on Aug 22, 2021 and closed on Aug 29, 2021.
3 IPs of QANplatform:
1. Post-quantum cryptographic algorithm implemented in Rust programming language.
2. QANX’s unique Proof-of-Randomness (PoR) algorithm will make the QAN public blockchain the greenest blockchain on the market.
3. QANX’s rapid cloud platform deployment, let’s deploy QANX private blockchain to major cloud platforms like Amazon AWS in less than 5 minutes. This feature makes QANplatform the fastest blockchain to deploy on the market. The platform also has an upcoming multi-language smart contract feature.
Few Factors That Might Influence QANX’s Price
- Product milestones: The QANX platform’s testnet launch is set to take place in Q4 2021. Also, the token will be listed in CEX, following with mainnet launch, and also multi-language smart contract feature release. This might lead to the price surge of QANX.
- Market trends: Quantum-computer threat is closer than expected: (i) IBM’s 1,121+ qubits quantum-computer targeted for 2023 release will be able to break 99% of today’s blockchain platform; (ii) Massive growth in Quantum cybersecurity markets expected in 2021; and (iii) Valuations of quantum technology firms rock in 2021. Added to this, a massive amount of VC money is flowing into Layer 1 solutions.
Now that we have answered the question ‘What is QANplatform?’, let us find out if QANplatform is a good investment in 2021.
QANX Current Market Status
At the time of writing this QANplatform price analysis, QANX trades at $0.022, down 11.13% in the last 24 hours, with a 24-hour trading volume of $263,152.
Other than that, QANX has a current circulating supply of 19,057,960.00 QANX. Currently, the top cryptocurrency exchanges for QANX are Uniswap, PancakeSwap, 1inch Exchange, and Ox Protocol.
Now, let’s proceed to the next part of this QANX technical analysis for 2021.
QANplatform (QANX) Price Analysis
Currently, QANX holds the 1968th place on CoinGecko. But will the latest upgrades, developments, and changes in the QANX blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this QANX price prediction article.
The above chart shows the Ascending Channel pattern of QANX. This is a bullish pattern which is formed by joining higher highs and higher lows. Based on the graph above, QANX was able to defend its position well against the bears in the early days of the month.
In other words, QANX is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with QANplatform.
Conversely, if the bulls turn against the crypto, the price of QANX might fall. In short, QANX might break out from its uptrend position and nosedive to a bearish price.
The Relative Strength Index (RSI) of QANX points at level 76.26, this means that QANX is in an overbought state. In this case, traders and investors need to trade carefully, the QANX might lead to major price reversal.
Therefore, traders must trade crypto wisely and should not be affected by the market hype. Keeping all this in mind, traders can move away from unexpected losses due to the crypto market’s wild swings.
Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of QANX.
Since the start of 2021, QANX’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, QANX has a competitive market this 2021.
QANplatform (QANX) Price Prediction
The chart below shows that QANX has performed great over the past few days. However, the QANX price shows a bullish signal. If this trend continues, QANX might run along with the bulls, breaking its $0.058 resistance level and go higher.
Conversely, if the investors do not favor crypto, the bears might take over and pull QANX from its uptrend position. In simpler terms, the price of QANX might decrease to almost $0.016, a bearish signal.
Meanwhile, our long-term QANX price prediction 2021 is bullish. QANX has a high possibility of surpassing its current all-time-high (ATH) at about $0.58 this year. However, that might happen only if it breaks many previous psychological resistances.
QANX 2021 technical analysis shows that the cryptocurrency has a fantastic future ahead in 2021. Also, the project looks promising as it has high aims, a use case, and clear goals that target a broad market.
Bullish QANX price prediction 2021 is $1. QANX could also reach a new all-time high price if investors have decided that QANX is a good investment in 2021. Furthermore, together with growing adoption, positive price predictions, and a community composed of thousands of retailers, QANX is likely to be a good investment this year.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.