Should You Invest in Quant Crypto?

Date:

The Quant project was founded in 2018, by Gilbert Verdian, Colin Paterson and Paolo Tasca. It was originally founded as a blockchain interoperability network and operating system. 

 

The project is mainly focused on the interoperability of blockchain platforms so that teams are not required to deploy more infrastructure. Quant’s Overledger Network is their main product, which helps companies connect their blockchain projects to multiple blockchains. 

What is Quant Crypto? 

Based on Quant’s project to try and bridge the gap between distributed ledgers in the modern market, the Quant token was also introduced in 2018. It is currently trading at $171.11 per unit, according to CoinMarketCap. The market cap is over $2 billion, and counting at the time of writing. 

 

As the first OS to be built for blockchain technology, Quant has a very strong project in the industry. The Overledger Network is not only the main product of Quant Networks, but is also the backbone of the project. According to the company, it is the primary building block of the digital economy in the coming years. 

Benefits of Quant Cryptocurrency 

Quant has a number of unique features that set it apart from the other competitors in the market. Here are its benefits: 

Strong funding  

It raised $11 million in an ICO fundraising round in March 2018. Another seed round saw funding from Alpha Sigma Capital for an undisclosed amount. As a result, it is one of the few tokens from 2018 that is still going strong four years later

Blockchain agnostic 

Due to the objective of the project, Quant works with any distributed ledger. You don’t need to make any changes to the base chain in order to integrate it. This makes the blockchain very easy to use. 

Community treasury 

Quant is one of the few projects in the world to have a true community treasury. This allows stakeholders to directly be a part of the growth of the Quant ecosystem.

Important Points to Note 

The most important thing to note about Quant is that developers and enterprises are required to purchase licenses to use the platform. These purchase licenses are acquired using fiat currency, and in exchange, QNT tokens are given out. 

 

These are locked in layer 2 channels for 12 months. Users are also required to pay a yearly fee for the gateway costs. In exchange, they are entitled to receive a small portion of the fee from their transfer setup. 

Price Analysis for Short and Long-Term 

QNT has been following a flag pattern over the last few months, with the price shooting up and coming down just as fast. It is down half the value it was in September. The value of the token has been falling consistently over the last month. 

 

However, WalletInvestor predicts that QNT will increase to over $400 in 2023, hitting the $500 mark halfway through the year. By the end of 2027, the coin is expected to be valued at close to $1500 per unit. 

 

There are contrasting reports about the value of the token in the upcoming years. TradingBeasts predicts that the coin will average around the $200 mark until 2024, indicating a slowly increasing rate. 

User Comments 

People that didn’t sell their Quant over the last two months are now suffering from lower selling prices due to the decline in value of the token. But, in spite of the current situation, the predictions indicate growth over the coming year and the long term. 

 

The amount of growth predicted by each of the sources is contrasting, which makes it difficult to come to a concrete conclusion. Being backed by a solid project, there is every possibility that QNT will be able to bounce back from the current dip. But how long that will take is unclear. 

 

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Disclaimer: The views expressed in The Coin Times are solely those of the authors cited. It does not constitute The Coin Times recommendation to buy, sell, or hold any investment. Before making any financial decisions, it is recommended that you undertake your own research. Use the information supplied at your own risk. For additional information, please see the Disclaimer.

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