(above is QSP/BTC chart - 3 Month interval - according to Blockfolio)
I've always been a fan of Quantstamp, as I believe what they are doing for the Ethereum ecosystem of auditing ERC20 tokens for coding quality and more is quite important to keep the trust.
If you are holding Quantstamp in your own private wallet (not on a public exchange), then you maybe eligible for airdrop of certain ERC20 tokens. Quantstamp purposely has kept it a secret as to the exact algorithm of how many airdrop tokens they will distribute to people holding QSP in their wallet. Apparently, the algorithm is a mix of how many QSP you hold as well as your "Proof of Care".
And what exactly is proof of care?
It's simply your involvement in the QSP community whether its coding, or posting articles/replying to people's comments that are QSP related.
That being said, for the moment, people from China and United States can't get airdrops. So that really leaves out two huge markets, although I wouldn't be surprised if people have found ways to get around that.
Short-Term Quantstamp Price Prediction
As shown in the graph above, Quantstamp broke out from its 0.10 to 0.20 USD during the mid to end of December time period. It had briefly shot up to 0.70 USD in early January, and now has stabilized in the 0.40 USD level.
As you can see from the QSP/BTC chart, it is setting itself up for a flag pennant off of its flag pole spike.
If we take flag pole value and place it at the tip of the flag pennant, then QSP price has potential to spike to 0.000072 BTC (this is gotten from taking the bottom of the flag pole formation which is around 0.000012 BTC and taking the top of the flag pole which is around 0.000048 BTC, and then taking that difference which is 0.000036 BTC, and then adding that to the flag pennant tip, which happens to also be around 0.000036 BTC, yielding the 0.000072 BTC).
Note that since BTC price fluctuates, then the USD value of QSP price prediction so to also changes. So that 0.000072 BTC price prediction is based off of estimate of BTC being valued at 11,000 USD, so around 0.80 USD in the short-term, which would put it close to right when it peaked at those range in early January).
(above is QSP/BTC chart - 1 month interval - according to Blockfolio)
(above is QSP/ETH chart - 3 month interval - according to Blockfolio)
Since Quantstamp is actually built off of the Ethereum network, we should actually also check out the QSP/ETH chart and its price relation.
Looking at the chart, it's not as similar to the QSP/BTC chart where there is a defined flag pole and flag pennant. This chart shows more of a triangular pattern, although ambiguous with its pattern if its descending or ascending triangle shape. That being said, it's squeezing into a point, so I believe short-term QSP price prediction is that it can go up to 0.0009 or 0.0010 ETH, which would be around 1.00 USD per QSP.
(above is QSP/USD chart - All - according to CoinMarketCap)
If we look at QSP/USD chart, using the similar flag pole and flag pennant chart technique used in QSP/BTC chart, we would land in estimate of 1.00 USD price prediction (similar to the QSP/ETH chart). This is gotten by taking the difference from the top pole and bottom pole (0.75-0.15) and adding the difference, 0.60 to the squeezed tip at around 0.40, yielding the 1.00 USD price prediction).
So overall, QSP has potential to get anywhere from 0.80 to 1.00 USD per QSP in a conservative prediction.
Are any of you holding Quantstamp?
What's your short-term Quantstamp price prediction?
Great post! Cheers!
Good one
I love anything about btc
Quantstamp just love the company working on the ethereum problems. But i am an QSP holder not a trader. So just HODL that quantstamp until the get their product out there!