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    Covalent

    CQT

    Rank #338

    $0.3336

    -6.96%
    24H Low$0.3358
    $0.380024H High
    24H Volume
    $1.72 M
    All-Time High(ATH)
    $2.08
    All-Time Low(ATL)
    $0.05193
    Market Cap
    $212.86 M
    Fully Diluted Valuation
    $335.72 M
    Market Cap/FDV
    63.41%
    Circulating Supply
    634.05 M CQT
    Total Supply
    1 B CQT
    Max Supply
    1 B CQT
    Market Sentiment
    Positive
    * Data from 3rd parties

    Covalent (CQT) Price Trends

    Time period
    Change amount
    % Change
    1H
    $-0.0006339
    -0.19%
    24H
    $-0.02322
    -6.96%
    7D
    $-0.07940
    -23.8%
    30D
    $+0.2329
    +69.81%
    1Y
    $+0.3633
    +108.9%

    Credibility Indicators

    92.15

    Reliability Score

    Rank #1

    # 28

    Percentile

    TOP 5%

    Team Members

    Ganesh Swami

    Ganesh Swami

    Levi Aul

    Levi Aul

    Byron Ma

    Byron Ma

    Harish Raisinghani

    Harish Raisinghani

    Investors

    Coinbase Ventures

    Coinbase Ventures

    Binance Labs

    Binance Labs

    Delphi Digital

    Delphi Digital

    Hashed Fund

    Hashed Fund

    Mechanism Capital

    Mechanism Capital

    Morningstar Ventures

    Morningstar Ventures

    Hypersphere Ventures

    Hypersphere Ventures

    Woodstock Fund

    Woodstock Fund

    Live Covalent (CQT) Price Update

    Covalent price today is $0.3336 with a 24-hour trading volume of $1.72 M, and as such Covalent has a market cap of $212.86 M, giving it a market dominance of 0.012%. The Covalent price moved -6.96% in the last 24 hours.

    Covalent reached its highest price on 2021-08-14 when it was trading at its all-time high of $2.08, while its lowest price was recorded on 2022-08-01 when it was trading at its all-time low of $0.05193. The current lowest price since the last cycle high was $0.05193, and the highest price since the last cycle low was $2.08. The social sentiment of Covalent is currently Positive.

    The current circulating supply of Covalent is $634.05 M CQT. In terms of market cap, Covalent is currently ranked 338.

    About Covalent (CQT)

    Covalent is committed to solving the huge infrastructure problems that hinder the adoption of blockchain. They provide a unified API to bring complete transparency and visibility to all blockchain network assets. Its solution connects the database world with distributed blockchain technology. The first version was built on the hacker marathon in the fall of 2017.

    FAQs

    1. What determines the price movement of Covalent?

    There are two schools of thought in determining the price of Covalent.
    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Covalent, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Covalent from a long term perspective.
    By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Covalent on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Covalent as well.
    Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Covalent and the cryptocurrency market as a whole.

    Covalent Tokenomics

    Next Unlock Events

    Next Unlock Events

    CQT 21.78M

    (2.18% Total Supply)

    $7.27 M

    (3.41% Market Cap)

    Unlock Rounds 4

    3

    D

    0

    2024/03/22

    Unlock Rounds 4

    3

    D

    0

    2024/03/22

    CQT 21.78M

    (2.18% Total Supply)

    $7.27 M

    (3.41% Market Cap)

    Vesting Info

    Links to official documents

    Allocations

    Name
    Total
    Unlocked
    Locked

    Private Round 1

    20%

    20%

    --

    Ecosystem

    20%

    13.47%

    6.53%

    Reserve

    19.49%

    13.4%

    6.09%

    Team

    14.36%

    8.15%

    6.21%

    Seed Round

    10%

    10%

    --

    Staking Rewards

    8%

    4.41%

    3.59%

    Private Round 2

    3%

    3%

    --

    Advisors

    2%

    2%

    --

    Main Sale Option 3

    1.1%

    1.1%

    --

    Main Sale Option 1

    1%

    1%

    --

    Main Sale Option 2

    1%

    1%

    --

    Vesting Info

    Links to official documents

    Vesting Schedule

    Round
    Token Allocation
    TGE Unlock
    Cliff

    Unlocked

    Locked

    Next Unlock
    Summary

    80.00M

    0%

    6M

    CQT 44.09 M

    CQT 35.91 M

    Dec 22, 2021

    Dec 22, 2025

    2024/03/22

    2.041%

    6 months-cliff,then 2.041% months for 48 months

    30.42M

    0%

    3M

    CQT 30.42 M

    --

    Sep 22, 2021

    Jun 22, 2022

    --

    3 months-cliff,then 25.0% quarterly for 3 quarters

    200M

    25%

    --

    CQT 200 M

    --

    Jun 22, 2021

    Mar 22, 2022

    --

    25.0% TGE,then 25.0% quarterly for 3 quarters

    200M

    2.041%

    --

    CQT 134.71 M

    CQT 65.29 M

    Jun 22, 2021

    Jun 22, 2025

    2024/03/22

    2.041%

    2.041% TGE,then 2.041% months for 48 months

    20.00M

    0%

    13M

    CQT 20 M

    CQT 800

    Jul 22, 2022

    Jun 22, 2023

    --

    13 months-cliff,then 8.333% months for 11 months

    194.9M

    6.25%

    --

    CQT 134.02 M

    CQT 60.92 M

    Jun 22, 2021

    Mar 22, 2025

    2024/03/22

    6.25%

    6.25% TGE,then 6.25% quarterly for 15 quarters

    143.6M

    0%

    1Y

    CQT 81.53 M

    CQT 62.1 M

    Jun 22, 2022

    Jun 22, 2025

    2024/03/22

    2.703%

    1 year-cliff,then 2.703% months for 36 months

    11.00M

    4.167%

    --

    CQT 11 M

    --

    Jun 22, 2021

    May 22, 2023

    --

    4.167% TGE,then 4.167% months for 23 months

    100M

    0%

    --

    CQT 100 M

    --

    Dec 22, 2021

    Dec 22, 2022

    --

    --

    10.00M

    7.692%

    --

    CQT 10 M

    CQT 400

    Jun 22, 2021

    Jun 22, 2022

    --

    7.692% TGE,then 7.692% months for 12 months

    10.00M

    100%

    --

    CQT 10 M

    --

    Jun 22, 2021

    Jun 22, 2021

    --

    100.0% TGE,

    Total
    Token Allocation
    Next Unlock
    Summary
    Total
    CQT 77.49M

    CQT 775.8M

    CQT 224.2M

    77.58% of Supply

    22.42% of Supply

    Covalent Analysis

    Date
    Market Cap
    Volume
    Open
    Close
    2024-03-19
    $220.56 M
    11405.24 CQT
    $0.3479
    N/A
    2024-03-18
    $227.91 M
    7503.37 CQT
    $0.3594
    $0.3479
    2024-03-17
    $218.12 M
    17763.86 CQT
    $0.3440
    $0.3594
    2024-03-16
    $229.49 M
    20075.18 CQT
    $0.3619
    $0.3440
    2024-03-15
    $246.24 M
    21023.33 CQT
    $0.3884
    $0.3619
    2024-03-14
    $239.87 M
    47820.86 CQT
    $0.3783
    $0.3884
    2024-03-13
    $266.72 M
    6340.18 CQT
    $0.4207
    $0.3783
    2024-03-12
    $274.05 M
    20651.06 CQT
    $0.4322
    $0.4207