The crypto industry is once again on the rise in October 2021, starting the final quarter of the year with a bang. With that in mind, investors and traders are on the lookout for a good investment and trading opportunities in an endless pursuit of profit.
So far, there have been quite a few coins that saw rapid price growth, but many saw their prices correct soon after. This reveals that they do have the potential to go high up, although that they might not be ready just yet. And, since their prices are down again, now would be the time to buy them for anyone interested.
One example is QuarkChain (QKC), which skyrocketed in early October, going from $0.025 past $0.060, only to return to $0.030, with this level acting as its strongest support at this time.
About QuarkChain coin
QuarkChain is not a new project, given that it has been around since mid-2018. When it first launched, its price was quite high, sitting at $0.18. However, due to the fact that the coin launched in the middle of the crypto winter, its price quickly spiraled down to $0.02. The coin then bounced back up to $0.06 in mid-October of the same year, only for the correction to continue after that.
In 2020, the coin’s price was rather calm, without too many fluctuations, sitting at around $0.002, and occasionally going slightly above this level, during the major market rallies. It started seeing a lot more activity in 2021, while Bitcoin was leading the charge towards its own ATH, currently at $64.8k
QKC itself did not even come close to its ATH, but it did go higher than it has been in years, hitting the price of $0.060, as mentioned earlier. Since then, it has corrected to $0.01 and surged again slightly past $0.050. The drop to $0.01 came in late June, although it was the result of a price crash that took place in mid-May when even Bitcoin got its own price cut in half.
This latest surge that took QKC to $0.050, however, happened only days ago, at the end of the first week of October 2021. Unfortunately, the coin corrected from there as well, but so far, it managed to remain at $0.030 instead of going to $0.010, which is already encouraging as its bottom has risen.
The coin’s history shows that it tends to suddenly skyrocket in a matter of hours, and then spend days, weeks, or even months slowly sinking back down towards the bottom, so there is room for traders and investors to react once the situation turns and the price begins to fall.
About the QuarkChain project
Speaking of QuarkChain as a project, it is a flexible, scalable, and user-oriented blockchain infrastructure that uses sharding technology. It supports a multi-native token function, and it recently started dealing in NFTs and DeFi, pursuing the new and popular trends that have captured the attention of the rest of the crypto industry, as well.
According to the project, its ecosystem now features over 70 high-quality projects, including industrial services, data and information systems, financial services, dApps, platforms, entertainment and gaming, as well as others.
The project also managed to build a global community that consists of more than 100,000 people. It organized a number of meetups and has attended conferences in numerous countries, including Vietnam, the US, Japan, Singapore, China, Korea, and Thailand.
The project’s blockchain is highly scalable thanks to its use of sharding technology, which makes it a high-capacity P2P transactional network. Its founders even claim that it will be capable of handling more than 100,000 TPS, which would make it one of the fastest coins out there. Its design is rather unique, but also efficient for data distribution.
Conclusion
The project certainly has potential, and so does its native coin. However, it is one of the cryptos where traders and investors need to be patient and wait for the right opportunity. With that said, experts seem optimistic regarding the end of the year, with many believing that the prices will skyrocket once more. Bitcoin itself is nearing its ATH, and if it reaches and exceeds it, it might kickstart another rally that could take QKC back up again.
To buy this token visit our How to Buy QuarkChain page.
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