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- The price of QTK is down 25.85% in the last 24 hours, now standing at $0.4505.
- The token reached a high of $0.8154 on June 2, 2024 and a low of $0.1752 on April 15, 2024, showing extreme price fluctuations.
- The 24-hour trading volume fell by 22.50%, indicating a reduction in trading activity.
- With a market capitalization of $47.4 million and a ranking of 672, QTK is a minor player in the market.
QuantCheck (QTK) has become a notable player in the cryptocurrency market. Currently priced at $0.4505, QTK has a 24-hour trading volume of $480,590.27. Despite its modest market capitalization of $47,401,718, it ranks 672nd among cryptocurrencies by market capitalization. This token's journey has been marked by significant volatility, as evidenced by its recent price movements and historical performance.
QTK Hits Low of $0.1752 and Drops 44.75% from High
QuantCheck reached its all-time high of $0.8154 on June 2, 2024, just 14 days ago. This peak was followed by a dramatic drop, with the token's current price representing a 44.75% drop from its peak. In contrast, QTK reached its all-time low of $0.1752 on April 15, 2024. This demonstrates the extreme volatility of the token, with significant price fluctuations in a short period of time.
In the last 24 hours, the token has seen a substantial price drop of 25.85%, while the weekly performance shows a similar bearish trend with a drop of 25.72%. Its price range over the last 24 hours was between $0.4499 and $0.6186, highlighting intraday volatility. Over the past week, the price range extended from $0.4523 to $0.6832. These fluctuations underscore the token's susceptibility to market dynamics and investor sentiment.
The token is trading at $0.4505, 24-hour volume down 22.50%
QTK's 24-hour trading volume also decreased by 22.50%, reflecting lower trading activity and possibly lower investor interest. Most of QTK's trading activity occurs on the MEXC exchange, with the QTK/USDT pair accounting for almost all of its trading volume. This concentration on a single exchange could influence the liquidity and price stability of the token.
With a market capitalization of $47,401,718 and a circulating supply of 110,000,000 QTK, the token's market position is relatively modest. Its fully diluted valuation is $54,253,625, indicating potential growth if the company floats the entire offering. However, its market cap rank of 672 suggests that it is a minor player compared to more established cryptocurrencies.
QTK vs. bitcoin: Volatility Amid $2.42 Trillion Market Cap
In the broader context of the global cryptocurrency market, which has a total market capitalization of $2.42 trillion and a 24-hour change of -0.09%, QTK's performance appears particularly volatile. Major cryptocurrencies like bitcoin and ethereum have shown more stability. bitcoin, for example, is trading at $66,241 with a market capitalization of $1.304 trillion and a slight gain of 0.1% in 24 hours. ethereum, on the other hand, is up 1.5% over the same period.
Overall market sentiment and trends significantly influence token performance. bitcoin's recent price stability, influenced by macroeconomic factors such as the Federal Reserve's monetary policy, contrasts with QTK's pronounced volatility. This divergence suggests that QTK is more prone to speculative trading and less influenced by broader market movements compared to more established cryptocurrencies.
The future of the token: volatility and investor sentiment
bitcoin technical indicators such as the 50-day moving average below its current price and the 200-day moving average above it offer insight into market trends that could indirectly affect QTK. These indicators show possible bullish sentiment towards bitcoin, which could spread to the broader market, including tokens like QTK.
Given the token's recent price action and market conditions, short-term predictions suggest continued volatility. Your ability to recover from your current low will depend on several factors. That includes investor sentiment, market trends, and possible developments announced by the token's creators. Caution regarding contract flexibility (such as the ability to turn off sales or change rates) adds another layer of risk that could influence future price movements.
Navigating the future of QuantCheck
QuantCheck (QTK) presents a case study on the volatility and potential of smaller cryptocurrency tokens. Its recent performance has been turbulent. However, understanding broader market trends and technical indicators can provide valuable information for investors. The future of the token will depend on its ability to navigate market dynamics and investor sentiment. Additionally, the inherent risks associated with the flexibility of your contract will play a crucial role. Therefore, investors and market watchers should keep a close eye on these factors. This surveillance will be crucial to making informed decisions about QTK.
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