Quant has gained more than 260% in value over the past year, but can the rise continue?
Contents
- What is Quant (QNT)?
- QNT coin
- Founder
- Quant coin performance
- QNT coin price prediction: expert opinion
- Final thoughts
- FAQs
Over the past few years, blockchain projects have emerged in droves, all attempting to solve the scalability issues which supposedly stop crypto from entering the mainstream.
From slow transactions to high fees, the problems relating to the scalability of blockchain are many. One of the major concerns, which has dogged most blockchain technologies, is an inability to integrate well with legacy technologies.
Quant is one of many projects that is looking to develop tools to bridge this gap. Quant has performed well over the year, suggesting the coin has given investors significant confidence in the products it is developing. But how might this affect a Quant price prediction?
Before looking at forecasts, let’s do a quick review of the company.
What is Quant (QNT)?
Quant provides a number of blockchain solutions via an operating system that the company has developed, which is called Overledger. The project claims to provide easy-to-use and accessible plug-and-play solutions to connect up enterprise software and blockchain platforms.
Different blockchains can connect and interact through Quant’s Overledger API gateway. While the technology may seem complicated, the API gateway claims to create routes to link up all types of technology, so businesses do not need to alter their whole technological ecosystem to incorporate blockchain into it.
The company describes itself on its website as “Connecting all the world’s distributed ledgers for faster, more efficient growth,” and says it wants to provide its interoperability solutions to governments, businesses and individuals.
QNT coin
QNT is the native token of Quant. It is a utility token, designed to support a range of functions in the Quant ecosystem.
For example, developers and enterprises need to buy licences in fiat currency to utilise the platform’s offering. The payments in fiat are then used to purchase QNT coins which are locked up for 12 months in the protocol’s system.
Founder
Gilbert Verdian is the main founder and CEO of Quant. Based in London, Verdian completed a BA in business at the University of Technology in Sydney, before completing an MA in Business Administration at the same institution. Before founding Quant, Veridan worked in a range of wealth management, cyber security and distributed ledger-related positions.
How does this information impact a Quant price prediction for 2022? Or even a Quant price prediction for 2030?
Before we go into forecasts, let’s look at the coin’s recent performance.
Quant coin performance
The Quant coin price rose slowly but significantly after its release, rising from $0.3941 on 30 August 2018 to $4.2372 on 9 February 2019, an almost 11-fold climb. Throughout 2019, the Quant price rose to highs of $11.58 on 7 July before dropping in 2020.
On 19 March 2020, the Quant price dropped to $2.3731 before jumping to $15.46 on 15 November 2020. In 2021, the Quant coin price surged, hitting $92.64 on 25 June 2021, then dropping to $66.27 on 19 July 2021. The price then spiked again to $178.44 on 4 August 2021, correcting to $153.20 on 10 August 2021. On 10 September 2021, the Quant coin price hit a record high of $393.54.
The coin price then fell to $166.37 on 14 December 2021 before bottoming out at $98.10 on 29 January 2022. The price has since risen, standing at $133.63 on 5 February 2022.
The coin has gained more than 260% in the last year, though it lost more 20% of its value in 30 days early in 2022. There is a circulating supply of 13.41 million Quant coins and a maximum supply of 14.6 million coins. Quant has a current market cap of $1.8bn.
So what does all this mean for a Quant price prediction? Let’s take a look…
QNT coin price prediction: expert opinion
It’s important, when looking at predictions, to remember that while they can be helpful as an indicator as to which direction the price may move in, they should be viewed as possibilities rather than absolutes.
With that in mind, WalletInvestor – in an optimistic coin price prediction – thinks QNT could go to $336.55 in a year’s time and $1,111.08 in five years.
Gov.capital gives a Quant price prediction for 2023 of around $308.44, while its forecast for 2027 stands at $1,551.50.
DigitalCoinPrice thinks that QNT should be worth $197.87 in 2022, before increasing to $230.80 in 2023. The website’s Quant price prediction for 2025 stands at $314.12.
Final thoughts
From its market capitalisation, to analysts’ price forecasts, to the range and scope of it products, Quant seems like a great project. It is worth keeping in mind, however, that right now the coin price is based on speculation.
Whether businesses or institutions actually want or need to connect up legacy technologies with blockchain, or indeed if bridging these gaps is even possible, remains to be seen. Another important question to ask is whether it is really a lack of scalability that’s hindering mainstream uptake, or a lack of demand. Will blockchain provide, efficiently, what current technology is unable to?
Until blockchain technology is in more widespread use, these questions remain unanswered.
FAQs
There is a circulating supply of 13.41 million Quant coins and a maximum supply of 14.6 million coins.
Anaylsts certainly seem to think the coin is a good investment. However, it is always worth remembering that the crypto market is highly volatile, and that the price of all tokens and coins can go down as well as up.
Some experts predict the coin will go up, however it could also very easily go down. It is always worth remembering that forecasts, especially long-term ones, should be viewed as indicators rather than absolutes.
Investing is a highly personal endeavour. Do your own research and try to keep up-to-date on any developments within the Quant ecoystem that could boost or hamper its prospects.
Remember, investing can be risky, and it is important never to invest more money than you can afford to lose.
