As many cryptocurrency projects keep emerging every day, it is pertinent that the space keeps ensuring that blockchain technology is efficient and secure. However, Quant protocol aims to become a prominent blockchain network by solving interoperability issues in blockchain technology.
The major highlight of Quant protocol is its Overledger network that has generated an API (Application Programming Interface). Quant Protocol’s Overledger network bridges the gap between different networks while ensuring a better interoperable application.
If you consider investing in this platform but are obscure about its fundamentals, then you are in the right place. This Quant Price Prediction will help you make the right decision.
Today’s Quant price is $56.76 with a 24-hour trading volume of $69,766,282. Quant is up 16.70% in the last 24 hours. The current CoinMarketCap ranking is #60, with a live market cap of $685,259,567. It has a circulating supply of 12,072,738 QNT coins and a max. supply of 14,612,493 QNT coins
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What Is Quant (QNT)?
Quant Protocol was created in 2018 to connect different blockchain networks and make them interoperable. Furthermore, Quant Protocol is the first platform to solve blockchain’s interoperability issues by developing the first operating system.
As stated earlier, its Overledger network – including its distributed ledger technology—helps connect different blockchain networks. Quant Protocol aims to use its Overledger network as a bridge between other blockchains.
Quant Protocol was designed to offer a gateway to all other blockchains to any network worldwide, allowing companies to develop new solutions by incorporating features from multiple blockchain applications.
It is essential to know that the Overledger allows developers to create decentralized multi-chain applications (also called MApps) for users. Before developers can create MApps on the network, they must own a certain amount of Quant tokens (QNT tokens).
Who Are the Founders of Quant?
One of the founders of Quant Protocol, Gilbert Verdian, had the idea of the blockchain project while working in the healthcare sector. However, he recognized the essence of interoperability in ensuring patients registering on different platforms are covered. Verdian has more than 20 years of experience upgrading security, technology, and business strategies.
Before Quant Protocol was created, Verdian served as the chief information security officer (CISO) of Vocalink, a MasterCard company. He was also the chief information officer of NSW Ambulance, the CISO of eHealth NSW, and the security lead of the Ministry of Justice, United Kingdom.
Dr. Pablo Tasca is the co-founder of Quant Protocol. He is an entrepreneur and digital economist who specializes in distributed systems.
What Makes Quant Unique?
Since the blockchain and distributed ledger technology, innovators have found use cases in almost every industry. But one problem that continues to exist is the issue of interoperability between these projects. Quant was created to be the missing link between different blockchain solutions.
Quant’s operating system, Overledger, was created to act as a bridge for any blockchain to access any blockchain today. It also connects different applications altogether in the same ecosystem, like Ethereum.
Furthermore, Quant creates a different layer of applications to interact at different levels. The protocol has different layers of transactions, messaging, and an application for sharing and referencing identical messages related to other apps.
New Developments in the Quant Protocol
Quant recently released a new update of its Overledger – Overledger 2.2.8. However, the Overledger 2.2.8 now helps Quant support more blockchain protocols on its network without affecting its efficiency or interoperability. The Overledger 2.2.8 also introduces support for XDC, a new hybrid network designed for enterprise use and updated connectivity with the Ethereum Ropsten test network.
Oracle recently featured Quant Protocol in a round-up of “companies making blockchain easier to use, leading to more applications and helping this transformative technology become more mainstream.”
Quant Price History
Quant was created in 2018 with an initial price of $0.27; traders started investing in it. Quant price soon reached $2.05 in the first week of 2019. By 2020, QNT price reached $3. By 2021, QNT reached an all-time high of $393.54 in September 2021. To put things even more starkly, if you had bought QNT when it was launched, you would have seen the value of your investment shoot up by more than a million percent. Again, if you had bought the coin at the time of its launch and sold it at its peak (all-time high), you would have been a millionaire.
The big boom was short-lived, however. By December 2021, QNT had lost more than half of its value. Since then, the price of QNT has gradually declined. By Jan 2022, QNT had also decreased to $97. Part of the decline is due to the bears, which have taken over the cryptocurrency market since 2022. Until now, the QNT is hovering around $40 to $70.
At the time of writing, QNT is $46.89 with a 24-hour trading volume of $38,777,569. QNT is up by 4.80% in the last 24 hours. The coin’s current CoinMarketCap ranking is #64. Quant also has a market capitalization of $566,037,619. It has a circulating supply of 12,072,738 QNT coins and a maximum supply of 14,612,493 QNT coins.
Quant Technical Analysis
The crypto market is undergoing a severe plunge; hence, Quant price also appears to follow a similar trend. Since December 2021, QNT has been attempting very hard to regain its bullish momentum. But woefully, the cryptocurrency gets rejected and drops hard close to its initial levels.
In its 1-day chart above, QNT currently sits below its 50-day and 100 Day MA. The current price has also formed new support, which went below its previous support at $84.9. Additionally, the coin shows a bearish trend, and its technical oscillators point to the sell zone.
Quant Price Prediction By Authority Sites
Wallet Investor
Wallet Investor predicts that QNT is an excellent long-term investment. They expect the coin to reach its previous high of $145.932. Investors should see a return on their investment in five years, hoping the coin to be $526.381 by that time. QNT price is low now, and if you decide to buy the cryptocurrency at its current price and wait for five years, Wallet Investor predicts that you will see an exponential gain in your investment.
Trading Beasts
Trading Beasts aren’t too optimistic on QNT. Although, according to them, QNT will increase slowly. They expect the coin to have a minimum price of $40.87, with a maximum price of $60.10 by the end of 2022. Its average price is predicted to be $48.08 by that time.
By 2023, Trading Beasts forecast that the minimum price of QNT will be $60.16 with an average trading price of $70.78. The highest price the coin will have by that time will be $88.76.
By 2024, Trading Beasts expects QNT to increase by 123.21%. They predict that the coin will have a minimum price of $81.87, and the maximum price the coin will have would be $120.39. QNT is expected to trade at an average price of $96.31.
Trading Beasts also expects QNT to have a maximum price of $141.54, with an average trading price of $113.23. The coin’s minimum price is expected to be $96.25.
DigitalCoin Price
DigitalCoin Price predicts that QNT is a good investment. They forecast that the coin will have a minimum price value of $57.38 and a maximum price of $63.57 by the end of 2022. They expect the coin to have an average trading price of $60.54 by that time.
By 2027, they expect QNT to trade at a minimum price of $90.15 with a maximum price of $126.91. The average trading price is expected to be $112.58.
Trading Beasts predicts that QNT will have a maximum price of $225.74 and a minimum price of $206.90 by the end of 2030. They also expect the coin to have an average trading price of $215.63.
Cryptopolitan
Quant Price Prediction 2022
Quant made its way into 2022 with a starting price of $174.8. The persistent bullish trend pushed its price to its quarterly bottoms of $88.1, which we saw on the 27th of January. However, fears of the U.S FED’s interest – including the tussle between Russia and Ukraine further led to another downswing. According to our technical analysis, we predict that QNT will have a minimum price of $76.37. The highest price the coin will have is $89.82. The average trading price of the coin by 2022 will be $79.51.
Quant Price Prediction 2023
Volatility drives the market, and keeping up with the current price is not easy. Again, crypto investors are still concerned about new restrictions and other crypto bans. Nevertheless, we expect Quant to have a minimum price level of $107.93 with a maximum price level of $135.84. We predict that the average trading price of the coin will be $111.11. A slight uptrend is expected to come up in 2023 if the market sees a good bull run.
Quant Price Prediction 2024
In 2024, if Quant protocol is more into developing blockchain interactions and creates more layers for applications to communicate at different levels, it will rise to $184.87. The lowest price the coin will have is $157.45, and the average trading price the coin might have will be $163.01.
Quant Price Prediction 2025
If projects developed in 2024 yield more fruits, we may see the positive effects in 2025. We expect QNT to be trading at a maximum value of $276.25. The coin is predicted to have a minimum and average price of $232.64 and $239.16.
Quant Price Prediction 2026
By 2026, we expect QNT to trade at a maximum price of $403.69. The minimum price the coin will have is $335.51. The average trading price of the currency by 2026 would be $347.47.
Quant Price Prediction 2027
Lots of revolutions will be transient, while blockchain is here to stay. With significant development in its interoperability, QNT price should shoot up to $583.64. The minimum price of the coin will be $497.32. The average trading price of the coin is expected to be $514.69.
Quant Price Prediction 2028
With more adoptions and partnerships between important blockchain networks, we predict that QNT will have a maximum price of $886.73. The coin’s minimum price and average price in 2028 will be $707.75 and $733.48.
Quant Price Prediction 2029
In 2029, investors should receive a significant return on their investments 2029. We expect QNT to have a minimum price of $1,078.54. The average price of the coin would be $1,107.88. The highest price of the coin is predicted to be $1,226.64.
Quant Price Prediction 2030
We expect that Quant will continue to increase in 2030. The maximum price the coin is likely to have in 2030 is $1,871.83. The average trading price of the coin is expected to be $1,673.69. The lowest price the coin will have is $1,618.30. Of course, there are chances that the market will dump after a long bull run; this is normal in. the crypto market.
Quant Price Prediction 2031
We predict that Quant will have a maximum price of $2,820.20. The average price of the coin by 2031 is expected to be $2,362.23. Its minimum price would be $2,295.28.
Quant Price Prediction by Industry Experts
Quant’s CPO said that “interoperability is critical to scaling in the right way. Now everybody has got their priority stack and system with nothing in common. We will need ways for all these things to work and talk to each other.”
Interoperability has been a big issue in blockchain technology, and Quant is entirely on the right part to solving such problems. Because Quant is at the forefront of solving such situations, so we might see more future adoption, which will positively affect its price.
Conclusion
Quant is a good investment option with a bright future ahead of it. We might see the coin reach new heights with lots of new projects within its ecosystem and how favorable the crypto market is.
Our bullish QNT price prediction for 2022 is $89.82. As stated above, Quant may reach a new all-time high if investors Quant is a good investment, along with other cryptocurrencies such as Bitcoin and Ethereum.
It is essential to note that cryptocurrencies are highly volatile. We advise you to do your own research before investing in cryptocurrencies, including Quant (QNT).
Source: https://www.cryptopolitan.com/quant-price-prediction/