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- 1 BENQI (QI) price experienced a surge in the price in recent sessions, showcasing bullishness.
- 2 QI crypto is trading at $0.023137 with an intraday gain of 1.20% as per TradingView.
BENQI is a decentralized liquidity market and liquid staking protocol that runs on the fast Avalanche smart contract network. The lending protocol enables users to lend, borrow, or earn interest with their digital assets.
The Liquid Staking protocol offers a solution for capital efficiency, allowing users to access their “staked” AVAX for use on decentralized finance protocols. The founding team picked Avalanche because of its decentralized network’s alleged high scalability, low fees, and compatibility with popular plugin wallets.
Price Overview and History of BENQI Crypto
The trading volume of BENQI (QI) is $37,763,549 in the last 24 hours, showing a 61.70% drop from one day ago and indicating a decline in market activity.
The highest price for BENQI is $0.3942, which was reached on Aug 24, 2021, over 2 years ago. Compared to that, the current price is 94.15% lower than the all-time high price. The lowest price for QI is $0.004738, recorded on Oct 12, 2023 (5 months ago). Compared to that, the current price is 386.46% higher than the all-time low price.
BENQI cryptocurrency has a market cap of $101.61 Million and a circulating supply of QI 4.4 Billion tokens is available on the market today. The FDV of crypto is $165.12 Million. This is a theoretical estimate of the maximum market cap, assuming all 7.2 Billion QI tokens are in circulation today. It may take several years before FDV is achieved, depending on how the emission schedule of QI tokens is designed.
With a price increase of 36.60% in the last 7 days, BENQI is outdoing the global cryptocurrency market.
Technical Analysis of BENQI Crypto Price
BENQI crypto’s daily chart shows buyer dominance. The cryptocurrency is in an uptrend as it jumped above the main EMA. Technical indicators also support the bullish sentiment as RSI is close to the overbought zone of 64 and MACD has formed a bullish crossover with the green band.
These signals indicate that the cryptocurrency could face even greater upward pressure in the upcoming weeks. However, investors should not fall for the hype and be careful.
Summary
The daily time frame BENQI crypto is showcasing bullishness and several technical indicators are supporting this bullish outlook. The RSI curve climbed up from the oversold region, illustrating a bullish divergence. This indicates a positive outlook for the upcoming trading sessions.
Technical Levels
Support Level: $0.50000.
Resistance Level: $0.60000.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
