What is Covalent?
Covalent is nothing but unified API that supported on multiple blockchain network assets to bring transparency and visibility. Covalent currently supported on top Blockchain network including Ethereum, BSC, Avalanche, Polygon and more network will be added soon. This API will help to pull detailed granular of blockchain transaction data from supported blockchain without writing single line of code.
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Covalent wanted to provider one unified API that can fetch billions of possibilities along with bringing visibilities to blockchain data points. Project claimed to have absolute richest blockchain data on internet, as over 25 billion transaction indexed, 200k+ smart contract available, 30K+ price fees and 30 second refresh rate with this data Project empower the pioneers in future by providing them robust data infrastructure for project on blockchain ecosystem.
Covalent is one & only blockchain project to fully index entire blockchain, which include every single wallet address, contract and transaction. Providing composability which being one of the critical parts of DeFi application, in which developer easily and quickly developed financial solution by leveraging lego-like building blocks. no code application is now possible with covalent, as they providing multichain flexibility and granular data.
Covalent Price Prediction
|Month & Year||CQT Price Prediction|
CQT ICO Overview
|Date of ICO||29th April to 30th April 2021|
|ICO Price||Option 1: $0.35 (no Lockup) Option 2: $0.3 (12-month release) Option 3: $0.25 (24-month release)|
|Partners||Frontier, Reef, Authereum, Terra Virtua, consensys, Balancer, AllianceBlock, ChainGuardians, Upbot, Polkastarter, Huddin, BalloonBox, 0x, Loopring, Shyft, instapp, university of Calgary.|
CQT Price Analysis
CQT means Covalent Query Token works as native and governance token of Covalent Ecosystem. CQT token as full form suggest act as key for accessing data queries of API. However, CQT can stake to earn rewards along with validator will earn fees from answering queries.
CQT Private sale and Seed sale already out and public sale is hosted on Coinlist Trading platform. as CQT will be available for different price and different locking period, as it offers freely trading to 24-month lockup with schedule release. CQT sale going to another huge successor just like Casper and Mina Protocol and more than 500k user expected to participant will be in queue for buying CQT. $0.35 USD is highest price for option 1, as after getting listed on trading platform we can expected CQT will worth open trading with 30x price from option 1 Price. 30x means 10 USD, as project has great potential and it could even match to Flow all time ROI i.e., above 200x after listing on major CEX.
Will CQT hit $10?
Most probably after 1 or 2 days of listing on exchange.
Is Covalent a Good Investment?
Considering future API support buying Covalent at ICO sale will be great investment.
API in recent times becomes most important aspect for development new innovation faster and more easily. Covalent enable multi-chain support where it already indexes on 7 different blockchain network including and in future it will be live on every network. Project has established partnership with almost 100 different blockchain projects and innovation along with that they also backed by top companies and venture including Binance Labs, Hashed, delphi digitial, coinbase Venture and more. No code solution and API is currently most used aspect in any industry, so Covalent with API will help user to avoid SQL queries, subgraph development and maintenance. API cost will be very cheaper, as there is no need to hire expensive developer to built own solution or application.