|
June 09, 2023, 06:16:52 AM |
|
So once again QNT jumps to the top of my portfolio with 100 QNT . I suspect most of you know about what Quant is trying to do, so I will just outline a few reasons:
First of all, as far as Altcoins are concerned... we're still in a Bear Market. Maybe even AT THE BOTTOM of the Bear Market ( or near the bottom ) This could go on for another 6 to 9 months for Alts as Bitcoin's Market Cap dominance is still high. So rather than putting my money in a risky, extremely volatile Alt like FLUX or SFUND ( both of which I absolutely love, and are near the lowest they have been during this bear market ), I decided to invest in something relatively low risk. I didn't choose any of the top 10 as I believe the upside potential is low ( 4X or less for most of them ). So Quant being outside of the top 30 gives me just the right balance of risk and upside potential. Here's a few other reasons: Quant offers a Gateway to the world of Finance: Banks, Institutions, Corporate and CDBCs. Interoperability is at the core of this offering. Huge partnerships, strong leadership and highly disruptive. Low token supply, high utility, potentially high demand. Battle tested during previous markets and one of the best performers during the last Bull Run.
While the current price is disappointing, I did the numbers and QNT is up 160% from the absolute bottom of the bear market nearly a year ago. I compared this with many other leading projects ( Matic, XRP, Cardano, LINK, Solana, Avalanche, IMX, BNB, ALGO and a few others ) and QNT has outperformed all of them ( during this Bear Market ). A few other tokens like INJ and Render have better numbers , but also more volatility on the way down. If for some reason BTC goes back to 21K or 20K I'd hate to be holding too many of those. Incidentally, token performance is not just how fast the gains are when things are going well, it's also how strong a token is when BTC is crashing... and I have noticed that QNT has managed to outperform giants like BTC, ETH and MATIC on the way down at least a few times. So for me QNT is a low risk, strong performer with huge potential upside... which is why it currently sits at the top of my portfolio stack.
|