Quant crypto price forecast as exchange supply crashes

Quant crypto price has staged a strong recovery in the past few weeks, soaring from a low of $69.12 on November 21 to $95 today. So, will the QNT token continue rising as whales buy and as the exchange reserves dip?

Quant crypto price has strong fundamentals

Third-party data shows that the QNT network is doing well as whales buy and supply on exchanges dip. According to Nansen, the top 100 addresses have boosted their holdings to 17.34 million, up from 16.19 million in June this year. That is a sign that the biggest investors believe that it has more upside over time.

Most importantly, the amount of QNT tokens in exchanges has been in a strong downward trend in the past few months, confirming that the network is seeing strong demand.

Nansen data shows exchange outflows dropped to 3.06 million, the lowest level this year. It has dropped from 3.5 million in June, a sign that the trend is continuing. 

Falling exchange outflows is an important aspect in crypto analysis as it shows that investors are not selling their tokens. It is also a sign that crypto investors are accumulating their tokens this year.