Quant (QNT) and Flow (FLOW) Poised to Surpass $1 Billion Market Cap Threshold in July

Supported by underlying fundamentals, rising community interest, and other favorable factors, these select cryptocurrencies may benefit significantly

output: Despite the cryptocurrency market's volatility, some tokens continue to show strong growth potential. Finbold has identified two cryptocurrencies that could cross the $1 billion market cap threshold in July.

Quant (QNT) and Flow (FLOW) are two cryptocurrencies that could see significant price appreciation if the market regains its bullish momentum. Several factors, including strong underlying fundamentals, rising community interest, and other favorable aspects, could contribute to these tokens' price increases.

Quant (QNT) aims to integrate multiple distributed ledger technologies (DLTs) by eliminating communication barriers between them. The platform's primary goal is to address the low adoption of DLTs.

Due to technical limitations, users cannot migrate their data between different DLTs, preventing them from selecting the optimal option for their needs. As a result, the vast majority of DLTs remain largely unused.

According to the latest data, QNT is trading at $76.24 with a market cap of $920,481,307. The token has been trading within a descending wedge on the lower time frame, with recent price action indicating a breakout from the support.

The volume has remained at average levels, indicating moderate trader involvement. However, a significant price rebound from the lower support of the wedge suggests a potential breakout to the upside.

After forming consistent lower highs and lows, indicating increasing bearish strength, the token's price is now rising from the lower support of the wedge.

The latest rebound, fueled by increased buying pressure, suggests a trend reversal. The MACD levels show a bullish crossover with a slight increase in buying volume, suggesting that the QNT price might break above the current consolidation.

If this occurs, the token is on track to surpass the $1 billion market cap.

Flow (FLOW), the native token of the Flow blockchain created by Dapper Labs, is used to power decentralized applications (dApps) and digital assets. Flow aims to provide a high-performance, user-friendly platform that tackles scalability without sacrificing decentralization.

Recently, Flow has shown an uptrend, with its price rising from previous lows. According to the latest data, FLOW is trading at $0.6143 with a 1-day increase of 1.06% and a market cap of $928,724,525.

The recent price movement indicates strong buying pressure and a bullish market sentiment. The price reached a peak at $0.6156 before facing resistance and retracing to $0.6206.

The RSI at 34.75 suggests that Flow is in oversold territory, potentially indicating a buying opportunity.

The MACD line is slightly above the signal line, with the histogram indicating slight bullish momentum. If the current trend continues, Flow is well-positioned to achieve the $1 billion market cap.

Both Quant and Flow exhibit significant growth potential amid the current volatile market conditions.

Quant's innovative approach to DLT interoperability and Flow's robust platform for decentralized applications position them as strong contenders to achieve a $1 billion market cap.

Investors and traders should closely monitor these assets, as their underlying fundamentals and positive market sentiment could drive substantial gains in the coming months. As always, thorough research and cautious investment strategies are recommended when navigating the dynamic cryptocurrency market.

The above is the detailed content of Quant (QNT) and Flow (FLOW) Poised to Surpass $1 Billion Market Cap Threshold in July. For more information, please follow other related articles on the PHP Chinese website!