This article will analyze the QKC coin according to www.coinmarketcap.com data. First, we will discuss the QKC coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.
What is QKC Coin?
QuarkChain (QKC) is a blockchain platform that aims to address scalability issues and improve transaction throughput. It utilizes a sharding technology, allowing for parallel transaction processing across multiple chains , thereby increasing the network’s capacity .
What are the projects of QKC?
As for the projects associated with QuarkChain (QKC) coin, the primary focus is building a high-performance blockchain infrastructure that can support various decentralized applications (dApps) and provide a scalable solution for the cryptocurrency ecosystem. The platform enables developers to create and deploy smart contracts , decentralized finance (DeFi) applications , and other blockchain-based solutions .
Factors Influencing QKC Price
Factors that can influence the price of QuarkChain (QKC) coin include :
Market Sentiment : Overall market conditions and investor sentiment towards cryptocurrencies can impact the price of QKC , as it does for most cryptocurrencies
Adoption and Partnerships : The level of adoption of QuarkChain’s technology by businesses and partnerships with other projects can positively affect the price by increasing demand and creating utility for the coin .
Technology and Development Updates : Progress in developing QuarkChain’s technology, such as protocol upgrades, new features, or improvements , can generate positive market sentiment and potentially influence the price .
Competition : The presence of competing projects or alternative solutions addressing scalability and throughput can affect the market perception of QuarkChain’s value proposition and subsequently impact its price
Market Liquidity and Trading Volume : The liquidity and trading volume of QKC on cryptocurrency exchanges can influence price volatility and the ability of traders to buy or sell the coin .
Regulatory Environment: Changes in regulations or government policies related to cryptocurrencies and blockchain technology can impact the price and market sentiment.
It’s important to note that cryptocurrency investments carry risks, and the price of QKC, like any other digital asset, can be volatile. Conduct thorough research, assess your risk tolerance, and consider consulting with a financial advisor before making investment decisions
QKC COİN TECHNICAL ANALYSIS
After testing $ 0.0610 in March (and October) 2021, QKC dropped 89% by the end of 2022, down to $ 0.0067. Although it went up to $ 0.0198 with the purchases in the market in February 2023, it is currently trading at $ 0.0088. According to www.coinmarketcap.com data, QKC has a size of $56,334,465 and a volume of $2,606,057 in the last twenty-four hours .
QKC Coin Chart Analysis
After testing $0.0610 twice in March and October 2021, the QKC coin has slumped 89% to $0.0067 by the end of 2022. Although it rose to $0.0198 with the buy-side movement in the market in February 2023, it could not maintain this rise and is currently traded at $0.0088. When we examine the weekly chart, the QKC coin found support at $ 0.0067 both at the beginning of 2023 and in June 2023, and this level is the central support zone. In the buy direction in the market , the first resistance zone will be $ 0.0119 , while the central support zone is $ 0.0067 .
This article does not certain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.
