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9 months ago
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ARTICLE AD BOX
- Bullish QI price prediction for 2024 is $0.037757 to $0.089626.
- BENQI (QI) price might reach $0.1 soon.
- Bearish QI price prediction for 2024 is $0.006956.
In this BENQI (QI) price prediction 2024, 2025-2030, we will analyze the price patterns of QI by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
BENQI (QI) PRICE PREDICTION 2024 |
|
| BENQI (QI) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
BENQI (QI) Current Market Status
| Current Price | $0.02226 | 24 – Hour Price Change | 3.54% Down |
| 24 – Hour Trading Volume | $29,394,581 |
| Market Cap | />$98,735,950 |
| Circulating Supply | 4,430,834,968 QI | All – Time High | $0.4081 (On Aug 24, 2021) |
| All – Time Low | No Data (On Aug 19, 2021 ) |
What is BENQI (QI)
| TICKER | QI |
| BLOCKCHAIN | Avalanche |
| CATEGORY | Decentralized Finance |
| LAUNCHED ON | April 2021 |
| UTILITIES | Governance, Fast Transactions, gas fees & rewards |
Benqi (QI) is a decentralized finance (DeFi) protocol built on the Avalanche blockchain. It aims to provide users with a platform for decentralized lending and borrowing, allowing them to earn interest on their crypto assets or borrow against them. Benqi leverages the capabilities of the Avalanche network, known for its high throughput and low transaction fees.
Users can stake their assets as collateral, mint stablecoins, and participate in liquidity provision to earn rewards. Keep in mind that the information provided might be outdated, and it is advisable to check the latest sources for the most recent developments and details regarding Benqi and its ecosystem.
BENQI 24H Technicals
(Source: TradingView)
BENQI (QI) Price Prediction 2024
BENQI (QI) ranks 32nd on CoinMarketCap in terms of its market capitalization. The overview of the BENQI price prediction for 2024 is explained below with a daily time frame.
QI/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, BENQI (QI) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.
At the time of analysis, the price of BENQI (QI) was recorded at $0.02226. If the pattern trend continues, then the price of QI might reach the resistance level of $0.029857, and $0.190962. If the trend reverses, then the price of QI may fall to the support of $0.0124457, and $0.004943.
BENQI (QI) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of BENQI (QI) in 2024.
QI/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of BENQI (QI) for 2024.
| Resistance Level 1 | $0.037757 |
| Resistance Level 2 | $0.089626 |
| Support Level 1 | $0.014576 |
| Support Level 2 | $0.006956 |
QI Resistance & Support Levels
BENQI (QI) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of BENQI (QI) are shown in the chart below.
QI/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current BENQI (QI) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.017123Price = $0.023518 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 65.415221 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
BENQI (QI) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of BENQI (QI) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
QI/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of BENQI (QI).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 40.095553 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 62.36 <50 = Low >50 = High | High volatility |
Comparison of QI with BTC, ETH
Let us now compare the price movements of BENQI (QI) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs QI Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of QI is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of QI also increases or decreases respectively.
BENQI (QI) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of BENQI (QI) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| BENQI (QI) Price Prediction 2025 | $0.3 | $0.005 |
| BENQI (QI) Price Prediction 2026 | $0.5 | $0.004 |
| BENQI (QI) Price Prediction 2027 | $0.7 | $0.003 |
| BENQI (QI) Price Prediction 2028 | $0.9 | $0.002 |
| BENQI (QI) Price Prediction 2029 | $1 | $0.001 |
| BENQI (QI) Price Prediction 2030 | $1.2 | $0.0009 |
Conclusion
If BENQI (QI) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish BENQI (QI) price prediction for 2024 is $0.089626. Comparatively, if unfavorable sentiment is triggered, the bearish BENQI (QI) price prediction for 2024 is $0.006956.
If the market momentum and investors’ sentiment positively elevate, then BENQI (QI) might hit $0.1. Furthermore, with future upgrades and advancements in the BENQI ecosystem, QI might surpass its current all-time high (ATH) of $0.4081 and mark its new ATH.
FAQ
1. What is BENQI (QI)?
Benqi (QI) is a decentralized finance (DeFi) protocol built on the Avalanche blockchain.
2. Where can you purchase BENQI (QI)?
BENQI (QI) has been listed on many crypto exchanges, which include Trader Joe, Pangolin, Gate.io, KuCoin, Binance and some more.
3. Will BENQI (QI) reach a new ATH soon?
With the ongoing developments and upgrades within the BENQI platform, QI has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of BENQI (QI)?
On Aug 24, 2021, BENQI (QI) reached its new all-time high (ATH) of $0.4081.
5. What is the lowest price of BENQI (QI)?
According to CoinMarketCap, QI hit its all-time low (ATL) on Aug 19, 2021.
6. Will BENQI (QI) reach $0.1?
BENQI (QI) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then BENQI (QI) will hit $0.1 soon.
7. What will be BENQI (QI) price by 2025?
BENQI (QI) price is expected to reach $0.3 by 2025.
8. What will be BENQI (QI) price by 2026?
BENQI (QI) price is expected to reach $0.5 by 2026.
9. What will be BENQI (QI) price by 2027?
BENQI (QI) price is expected to reach $0.7 by 2027.
10. What will be BENQI (QI) price by 2028?
BENQI (QI) price is expected to reach $0.9 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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