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Covalent Fundamental Analysis
Project name
Covalent
Stock Symbol
CQT
Current Price
0.1524
Current Supply
1000000000
Official Website
Covalent Live Price Chart
Covalent Technical Analysis
Despite the fact that 100% accurate technical analysis for Covalent cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated CQT buy-and-sell rating for selected timeframe. The summary for CQT/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Covalent Price Prediction
Below we have collected the most reliable price projections for Covalent (CQT) from popular forecast platforms.
Covalent Price Prediction for 2022
As of Covalent price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects an upturn towards $0.2, and TradingBeast echoes with ~$0.276447 by the year’s end. Other experts, for example, from WalletInvestor, are more pessimistic about Covalent’s future price, citing numbers downwards of $0.0218 in December.
Potential ROI:
9%
Buy
Covalent Price Prediction for 2023
In their Covalent price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $0.3 by December. Forecasting Covalent's future, TradingBeast expects further growth, too, saying the Covalent price will reach ~$0.374244 by that time. On the contrary, WalletInvestor keeps predicting Covalent price decline, quoting prices around ~$0.0275 in 2023.
Potential ROI:
53%
Buy
Covalent Price Prediction for 2024
Covalent price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.43–$0.459268 range (PricePrediction.net, TradingBeast), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.0125 in December 2024.
Potential ROI:
97%
Buy
Covalent Price Prediction for 2025
TradingBeast has only optimism in store for the 2025 Covalent price prediction, valuing Covalent at $0.518167 by the end of 2025. PricePrediction.net agrees with a positive forecast and predicts, in turn, $0.64 for the same period. On the other hand, WalletInvestor’s team is more pessimistic — their Covalent price prediction for December of this year is just $0.00782.
Potential ROI:
155%
Buy
Covalent Price Prediction for 2030
Speaking of long-term Covalent price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that Covalent price will grow further and eventually reach $0.865339 by the end of the decade. PricePrediction.net’s price prediction for Covalent echoes with the projection of an uptrend to $4.44. Despite this, WalletInvestor’s vision remains not so positive, promising a downfall to $0.004692.
Potential ROI:
1061%
Buy
Summary
As it can be clear from the analysis cited above, Covalent (CQT) projections are rather contradictory. There is no universal consensus either about positive or negative future CQT price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Covalent projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.