Covalent price forecasts and predictions in the market often rely on technical, fundamental, and on-chain analysis, a deep understanding of the crypto market, and an educated guesswork. Given below is Covalent's future price prediction trajectory based on market analysis and estimated ROIs over the last couple of years.

The social sentiment of an asset is key in assessing the psychology of the crowd around that crypto and the positions they hold in the market. Social sentiments indicate the ‘vibe’ of the crypto on social media platforms. It indicates the sentiment or general feeling around Covalent at a certain time.

Active Users: The number of users currently engaging on various social media platforms for Covalent was {social_active_users}. A higher number of active users represents more optimism in the crowds for that crypto.

Fear and Greed Index: The fear and greed index measures the sentiment in the market among holders and users. Generally, when the indicator points towards ‘fear’, it means that price action is either bearish or has undergone some sell-offs, while too much ‘greed’ reflects euphoria in the market and buying sentiment amid traders/investors. Currently, the fear and greed index for  Covalent is at 78.

Social Volume Changes (1D): The change in social volume reflects the shift in the social audience in the past 24 hours. It reflects upon the content that mentions Covalent on different social media platforms.

The 24-hour social volume change is 0. If social volumes go lower it means that crowds are losing interest in the project or crypto while an increase in the same suggests heightened interest in it.

Total Positive Sentiment: The Total Positive Sentiment indicator highlights all the optimistic conversations around an asset on all social media combined. At the moment the total positive sentiment for Covalent was around 0.

Social volume Reddit: The social volumes on Reddit signify the total number of content that mentions or talks about Covalent on Reddit.

At the moment, Covalent ‘s social volume on Reddit was around {social_volume_reddit}. Higher volumes on social media usually indicate more conversation around the asset or hype for that crypto on a particular platform.

Number of holders: This indicator represents the number of people/organizations holding or investing in a particular crypto at the moment. In this case, the total number of entities holding Covalent currently is about 9. A higher number of holders is usually a long-term bullish sign and indicates investors/traders' confidence in the project.

Circulation: The circulation metric reflects the number of unique coins or tokens being used during the said time period. So the one-day circulation would show the number of unique coins or tokens that were transacted during that particular day. Currently, the 1-day circulation for CQT was 190735.91697127.

Gini Index: The Gini index assesses or measures the distribution of wealth or coins within the cryptocurrency’s ecosystem. Thus, looking at the distribution of the crypto’s holdings among addresses or users, the indicator provides an interesting insight into the concentration of wealth within the ecosystem between different cohorts. At the moment, the Gini index of Covalent was at 0.99000158986.

Age Consumed: The age consumed indicator shows the total amount of tokens changing addresses at a given time, multiplied by the time since they last moved. At the moment the total age consumed of  Covalent is around 5216905.544986. Spikes on the graph signal a large amount of tokens moving after being idle for an extended period of time.

Annual inflation rate: The annual inflation rate metric gives the percentage change in the price of an asset over a given time period vs the change in the asset over the same time a year ago. This metric gives an idea of the price change on an annual basis. The annual inflation rate of Covalent at the time is -0%.

A look at the historical price volatility data and major price movements of Covalent, suggests that price can move. Covalent has given an ROI of 0%% since its inception.

If one held CQT one year ago to this date, they might have achieved a return of 0%%. However, with the fluctuating market landscapes, the highlighted volatility of CQT's price hints towards an increase to N/A, by the end of 2024.

The average price of CQT in 2024 is estimated to be around $0. On an optimistic note, Covalent could go as high as $N/A. On the lower circuit, CQT is not expected to go below $N/A.

Based on the current sentiment analysis of Covalent we can spot that the market is currently pivoting towards Extreme Greed. Fear & Greed Index was at 78.

The price of Covalent has changed by -0.04905834% in the last 1-hour. The change in price over the last one day or 24 hours has been -1.44967031% while the week-on-week price change of the asset is around 0%.

The 24-hour volume depicts the daily trade volumes of Covalent which were about 34745.44453408 currently. The change in volume since yesterday is around 109.8733. A rise in volume usually points towards more vibrant markets and higher trading among retailers, while slower market days usually see a lot fewer trade volumes.

At the moment, indicators are predicting a move towards the $0.003 price level over the next quarter. In the next six months, we can expect Covalent to climb towards $0.003 if all goes well.

Price action indicators provide essential data and metrics used to conduct fundamental, technical, and on-chain analysis. It is pivotal to consider these indicators to forecast Covalent’s future performance. These indicators include Covalent's, market capitalization, current price, trading volume, circulating supply, and other indicators.

Covalent coin/token is also often referred to as CQT. The current price of the asset oscillated at $0 while the market capitalization stood at $3023898. Currently, the crypto ranked 1568 in the overall crypto market with a fully diluted market cap $3397047.

Trading volume, a key characteristic of market volatility, was around $28719 in the last 24 hours. On a more vibrant day when traders are active (due to bullish or bearish factors), we can spot more activity in the market. This can be further broken down into exchange volumes for a better understanding of market dynamics.

Further, the circulating supply and maximum supply also have a direct impact on Covalent price, its own price prediction, and its scarcity and demand. CQT has a fixed/no fixed supply of 1000000000 CQT while the circulating supply stands at 856,175,826.39 CQT.

Based on technical analysis, on-chain analysis, and other variables that we monitor, the estimated high for 2024 is N/A while the estimated low for the year is N/A. CQT is likely to be near $0 by the end of the year. CQT price prediction for 2024 is dependent on several factors, the primary ones include price history, regulatory actions, and geo-political issues.

Note: These values are estimated using past data and are not absolute predictions. The tables are updated regularly as new data unfolds, so it's advisable to check back frequently for the more recent figures.

For 2025, the estimated high is $0 and the low is $0.000. The average CQT price is likely to hover around the $0.000 mark. Notwithstanding these estimates, CQT price will be near $0 by the end of 2025. CQT price prediction 2025 will depend on mid-long-term market conditions, price history, and other factors.

Note: These values are estimated using past data and are not absolute predictions. The tables are updated regularly as new data unfolds, so it's advisable to check back frequently for the more recent figures.

Projections based on past data show that in 2026, CQT could go as high as $0 or as low as $0.000. At the same time, the average price in 2026 is expected to be near $0.000. For (2026), CQT price predictions will display significant influence from the broader global market, not just the US crypto market.

In 2027 CQT could climb as high $0 or could plummet to $0.000 on the other end of the spectrum, if bears take control. We expect CQT to flirt with the $0.000 throughout that year. CQT price predictions for 2027 will likely be influenced by analysts’ overall mid to long-term take on market conditions.

In 2028, CQT could rise to $0 with the average price at around $0.000. On the other hand, we expect CQT to hit the lower price range of $0.000 if bearish tones set in. The CQT 2028 price prediction could incorporate a long-term outlook of the crypto and traditional finance market. Note that the next US presidential elections are likely to be held in 2028 and could have a significant impact on price action.

For the year 2029, according to our prediction, CQT could witness a high of $0. While it could also dip to a low of $0.000. The average price in 2029 is expected to hover around the $0.000 mark. CQT’s 2029 price prediction is a long-term forecast dependent on market conditions and the aftermath of the political activity of the preceding year.

Note: These values are estimated using past data and are not absolute predictions. The tables are updated regularly as new data unfolds, so it's advisable to check back frequently for the more recent figures.