Monat: Oktober 2022

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Is Quant now a buy after the latest correction?

Quant (QNT/USD) was at the centre of increased bull interest in the past one month. That saw the cryptocurrency top $220 earlier this month and return massively to investors. As CoinJournal reported, a range of fundamentals was behind the surge.

Quant currently trades at $177, in a market correction after the recent pump. Losses in the past one week amount to 18.59%. With the latest strengths, a potential investor would see the weekly dip as a potential to take the token higher. We feel it could not be the right moment to buy the token.

Quant finds support at $170 amid a market correction.

The technical levels are established at $152, $129, and $88 for Quant. However, the token has found minor support at $170. Although the cryptocurrency tried to push higher from the support, the price was rejected near or at the $197 resistance. The rejection suggests buyers find it hard to break above $200. Bears may take control for a while before more buyers get in.

Source - TradingViewSource – TradingView

Looking at the daily chart, the sentiment is bullish for Quant, going by the monthly price movement. The price maintains above the moving averages, especially the short-term 20-day MA. On the other hand, the MACD indicator shows weakening momentum. The MACD line crossed below the signal line, an early indication of a developing bear market. 

Which way Quant?

A technical outlook paints a mixed scenario for Quant token. The moving averages and monthly price movement reinforce a bullish view. On the contrary, the MACD indicator shows a declining momentum and a possible bear market.

Going by the current price action, we must wait before buying Quant. A break above $197 will confirm bullish momentum. A break below the $170 level or 20-day MA could force a decline to $152 or, potentially, to $129.

Where to buy QNT

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy QNT with eToro today

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy QNT with Binance today

The post Is Quant now a buy after the latest correction? appeared first on CoinJournal.

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Japan’s Fukuoka City partners with Astar Japan Lab for Web3 expansion

Japan’s second-largest port city a designated National Special Strategic Zone Fukuoka city has announced its partnership with Astar Japan Lab to work on local Web3 use cases. The city wants to become a Web3 hub of Japan.

The collaboration was announced by Astar Network founder Sota Watanabe and Fukuoka Mayor Soichior Takashima at the “Myojo Waraku 2022” conference held in Fukuoka.

Astar Japan Lab

Astar Japan Lab was initiated by Japan’s number one blockchain Astar Network and it aims to develop innovative use cases on Astar.

More than 45 companies have so far partnered with Astar Labs to bring its vision to pass. These countries include Microsoft Japan, Amazon Japan, Dentsu, Hakuhodo, MUFG, SoftBank, Accenture Japan, and PwC Japan.

Following the announcement of the partnership, the founder of Astar Network Sota Watanabe said:

“We are excited to invite Fukuoka City to Astar Japan Lab. In the US, some cities like Maimi and New York have positive attitudes toward Web3 and crypto. We are going to work closely with Fukuoka City to attract more developers and more entrepreneurs on Astar Network. In addition, Fukuoka is also known as the national special strategic zone. We plan to work closely with the government and utilize Web3 use cases from Fukuoka to the entire Japan.”

Fukuoka City’s strategy to become the Web3 hub of Japan

The partnership with Astar Japan Lab puts Fukuoka City right on course to achieve its strategy of becoming Japan’s Web3 hub as well as attract globally competitive businesses.

Astar’s representatives are expected to regularly visit Fukuoka to educate the general public and identify new avenues for local businesses to expand in Astar Japan Lab. The local government of Fukuoka has also committed to supporting innovation and entrepreneurship within the emerging silicon valley of Japan.

Fukuoka City Mayor Soichior Takashima said:

“We have to do in the context of Web3 what large companies did for the world when Japan was strong. We believe it is important to move forward together with the government, Fukuoka City, and companies that represent Japan.”

The post Japan’s Fukuoka City partners with Astar Japan Lab for Web3 expansion appeared first on CoinJournal.