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The latest announcement is out from Quantum Numbers ( (TSE:QNC) ).
Krown Technologies and Quantum eMotion have announced significant advancements in the development of quantum-secure cryptocurrency wallets, Qastle and Excalibur. These wallets aim to protect digital assets from quantum computing threats, with Excalibur setting a new standard for cold storage security and Qastle enhancing online transaction safety. The strategic partnership with Esposito Intellectual Enterprises is expected to accelerate the commercialization and adoption of these wallets, integrating them into various sectors and increasing their visibility. This collaboration underscores the companies’ commitment to pioneering secure blockchain solutions and addressing the growing concerns of quantum vulnerabilities in cryptocurrency.
Spark’s Take on TSE:QNC Stock
According to Spark, TipRanks’ AI Analyst, TSE:QNC is a Neutral.
Quantum Numbers’ overall score is influenced by its financial challenges, including no revenue and consistent losses, which weigh heavily on its potential. However, technical analysis indicates positive stock momentum, while the recent corporate event announces a promising product that could transform the company’s revenue prospects. The lack of traditional valuation metrics underscores the speculative nature of the stock.
To see Spark’s full report on TSE:QNC stock, click here.
More about Quantum Numbers
Quantum eMotion Corp. (QeM) is a leader in quantum-powered cybersecurity, specializing in developing quantum-secure solutions for digital asset protection. The company is focused on leveraging its proprietary Quantum Random Number Generator (QRNG) and Entropy-as-a-Service (EaaS) technologies to enhance security in the cryptocurrency sector.
Average Trading Volume: 2,219,577
Technical Sentiment Signal: Buy
Current Market Cap: C$341.3M
See more data about QNC stock on TipRanks’ Stock Analysis page.