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QuarkChain Price Prediction: Will QuarkChain Be A Formidable Bitcoin Competitor?

Among many networks trying to overcome the issues with Ethereum network scalability, Quarkchain stands out with its promising TPS results. It has already deserved the attention and approval of investors and the community with its daily trading volume reaching over $5 million. Read our QKC price prediction to see what opportunities investing in Quarkchain token can bring.

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QuarkChain Fundamental Analysis

Project name
QuarkChain
Stock Symbol
QKC
Current Price
0.0118379331
Current Supply
6736073944
Official Website

Quarkchain is an open-source permissionless blockchain network designed to provide secure and decentralized transactions and mainly focused on high-capacity peer-to-peer transactions. Quarkchain also aims to comply with the global standards for commerce. It uses shards to enable sidechain interoperability and achieve over 100 000 transactions per second.  

Quarkchain network has 2 layers of blockchain: elastic sharding network as the first layer and a root blockchain as the second layer that approves the blocks from the first layer. The first layer can be changed without modifications of the root layer. 

The security of the operations is granted by market-driven collaborative mining, meaning that a specific game-theoretic network is implemented for the incentives, and more than 50% of the hash rate is allocated to the root chain to protect transactions from double-spending attacks. 

To prevent centralization horizontal scalability is implemented on the network to avoid high node prices with the increased number of TPS. It means that on Quarkchain multiple cheap nodes are allowed to form a cluster to replace a super-full node.

The network also supports different consensuses (PoS and PoSW) and transaction modes (including virtual machines, for example, EVM), ledger, and token economics on one network and in every shard to meet any requirements of different enterprises, industries, and apps. The team plans to add more consensuses in the future. 

QKC, Quarkchain’s native coin is an ERC-20 token deployed on the Ethereum testnet and supported by any ERC-20 compatible wallet including Trezor and MyEthereum.

QuarkChain Live Price Chart

The price of the QKC token followed the general crypto market downtrend in the summer and at the end of June reached its lowest level of $0.0099 in the recent 6 months. After that price started to quickly recover and just 2 weeks later was traded for $0.016.

The bullish run of QKC continued till the middle of September, with the highest price of $0.027 achieved on September 4. But from that moment token went for a massive correction and in 3 weeks fell to $0.016. 

From the beginning of October, the situation started to change drastically as QKC skyrocketed and reached $0.049 on October 8, but couldn’t maintain its high position for a long time and went down to the support level of $0.03 the next day. From there on QKC token price started to stabilize without massive uptrends or downtrends. 

From November 18 to December 2 token was holding its position, but then followed a bearish trend and the price continues to decline until now. In the last week, the asset lost 34% of its value. But as this comes with the general pull off of crypto prices the long-term prognosis for the token is positive and experts think that its value might increase in the coming year.

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QuarkChain Technical Analysis

Despite the fact that 100% accurate technical analysis for QuarkChain cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated QKC buy-and-sell rating for selected timeframe. The summary for QKC/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

QuarkChain Price Prediction

Below we have collected the most reliable price projections for QuarkChain (QKC) from popular forecast platforms.

QuarkChain Price Prediction for 2022

As for QuarkChain price predictions for the rest of 2022, there are divergent opinions. WalletInvestor expects a downturn towards $0.009944, and PricePrediction.net echoes with ~$0.000355 by the year’s end. Other experts, for example, from TradingBeast, are more enthusiastic about QuarkChain’s future price, citing upwards of $0.020243 in December.
Potential ROI: -14% Sell

QuarkChain Price Prediction for 2023

In their QuarkChain price predictions for 2023, TradingBeast forecasts the coin’s price to go down to $0.010324 by December. Forecasting QuarkChain future, WalletInvestor expects further decrease of its price, too, saying the QuarkChain price will reach ~$0.000829 by that time. On the contrary, PricePrediction.net keeps predicting QuarkChain price growth, quoting prices around ~$0.02119 in 2023.
Potential ROI: -9% Sell

QuarkChain Price Prediction for 2024

QuarkChain price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.017283–$0.018686 range (WalletInvestor, TradingBeast), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0.004617 in December 2024.
Potential ROI: 14% Buy

QuarkChain Price Prediction for 2025

PricePrediction.net has only optimism in store for the 2025 QuarkChain price prediction, valuing QuarkChain at $0.013614 by the end of 2025. TradingBeast agrees with a positive forecast and predicts, in turn, $0.031953 for the same period. On the other hand, WalletInvestor’s team is more pessimistic — their QuarkChain price prediction for December of this year is just $0.005682.
Potential ROI: 44% Buy

QuarkChain Price Prediction for 2030

Speaking of long-term QuarkChain price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that QuarkChain price won’t grow further and, opposedly, will decline to $0.009825. PricePrediction.net’s price prediction for QuarkChain echoes with the projection of a downtrend to $0.003078. Despite this, TradingBeast’s vision remains positive, promising growth up to $0.052084.
Potential ROI: 83% Buy
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Summary

As it can be clear from the analysis cited above, QuarkChain (QKC) projections are rather contradictory. There is no universal consensus either about positive or negative future QKC price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the QuarkChain 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.

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