Cryptocurrencies Price Prediction: Space ID, Quant & Optimism — Asian Wrap 22 September

Space ID price succumbs to selling pressure with $3.54 million worth of ID tokens unlocked in a cliff event

Space ID (ID) price remains bullish based on the Parabolic SAR price-tracking indicator, which continues to track ID price from below. However, the token is trading at a value that is significantly lower than its rate 24 hours ago, an outcome attributed to its scheduled token unlocks event.

Quant price maintains steady multi-month downtrend but 60% of QNT holders remain above water

Quant (QNT) price is trading with a bearish bias, a steady state that has prevailed for the most part of the year. Despite the downtrend, the majority of QNT token holders remain above water, sitting on unrealized profit. 

Optimism receives backlash after decision to split 116 million OP tokens for treasury management

Optimism (OP) network recently announced the sale of 116 million OP tokens valued at around $162.4 million in a private sale to seven purchasers for treasury management. While the transaction was not expected to impact OP price, it has provoked backlash from onlookers with some questioning the network’s commitment to its own rules.