Quant is a blockchain platform that aims to provide a decentralized and secure infrastructure for the development and deployment of decentralized applications (dApps). It uses a unique consensus algorithm called “Proof of Capacity” which utilizes spare storage space on participating nodes to secure the network, making it more energy-efficient than other algorithms such as Proof of Work. Quant also includes built-in smart contract functionality and support for token issuance and trading.
QNT is the native token of the Quant blockchain, which secures the network, helps pay for transaction fees and unlocks access to certain features on the platform. The Quant blockchain has a wide range of potential use cases, including decentralized finance, supply chain management, gaming, digital identity, real estate, e-voting, and automated processes. The platform is still in its early stages, and many other use cases are also being explored. Meanwhile, below are possible real-life applications of the Quant blockchain:
- Decentralized Applications (dApps) – The platform provides a secure and decentralized infrastructure for developing and deploying dApps across a range of industries, such as finance, gaming, and healthcare.
- Tokenization – Quant allows for the issuance and trading of tokens, which business developers implement to represent a variety of assets, such as real estate, art, or even virtual items in a game.
- Data storage – Quant’s Proof of Capacity consensus algorithm helps secure and optimize decentralized data storage, hence protecting against data breaches and loss.
- Supply Chain Management – Quant can help track the movement of goods and materials through the supply chain, providing transparency and reducing the risk of fraud.
- Identity Management – Quant blockchain can help create secure and decentralized identity management systems, allowing individuals to control their own personal information.
- Voting – Creating transparent and secure voting systems, therefore ensuring that the results of the voting process are tamper-proof.
- Smart Contract – The built-in smart contract functionality in Quant can be used for a variety of use cases, such as creating decentralized exchanges, automating processes, and creating decentralized autonomous organizations (DAOs).
Quant Price History
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Gilbert Verdian founded Quant (QNT) in 2018 at a price of $0.27 per coin. Shortly thereafter, traders began to invest and the coin’s value rapidly increased, reaching $2.05 within the first week of 2019 and then surpassing $3 by 2020. In September 2021, QNT achieved an all-time high of $393.54, resulting in an astonishing return of more than one million percent for investors that had purchased the coin at launch. Had those same investors sold their holdings at the peak of the market, they would have become millionaires.
The substantial appreciation in QNT’s value was not long-lasting and by December 2021, QNT had experienced a drastic depreciation of more than 50%. Since then, the price of QNT has declined steadily and as of January 2022, its value had dropped to $97. This bearish trend in the cryptocurrency market has been observed since 2022 and is believed to have been a major contributor to the continued decline in QNT’s price range. Until the present day, the price of QNT has remained within the range of $80 to $130.
Quant Technical Price Analysis
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Quant (QNT) has maintained a horizontal range stride since December 2022, with the coin rotating around the $121 and $128 price levels. Quant’s recent price action has its 5-day high at $128.15, a level that is currently acting as the point of resistance. The $121 level is acting as a support layer for any incoming bearish pressure and has prevented sellers from sinking the price further below the $120 level.
Relative Strength Index is pointing at 57, which suggests Quant is at a neutral position balancing both bearish and bullish pressures. On the other hand, the Bollinger Bands are wide apart to indicate the high market choppiness and optimism for an increase in price. It is possible that the bulls will take over the market and steer Quant’s price above the current resistance level. Buyers are hoping a break above the resistance level will usher renewed energy to face the previous $138 high. On the contrary, failure to sustain upward momentum translates to a break below $121, which could usher a new lower low.
Recently, an on-chain analytics platform called Santiment tracked whale transactions on the Quant network and noted a significant volume of high-value transactions over the past few months. On January 7th, the network processed 187 transactions involving over $100,000 worth of QNT. This is the highest whale activity that Santiment has recorded since the last 16-months.
Source: Santiment
Quant Price Forecast 2023 – 2030
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Short-term Quant price forecast
Below is a forecast chart representing the performance of Quant for the remaining half of January. The highest price could be $131 around the end of the first month, and from there we can have a look at the 12-month price forecast for Quant.
The annual Quant price forecast for 2023 will have the anticipated maximum, minimum and average price as well as the percentage change we expect throughout the year. Take a look:
Long term Quant price forecast 2023 – 2031
The highest price Quant could attain in a span of 8 years is $3,825 in the year 2031, while the lowest it could go is $172, which could take place by the end of this year. By 2031, Quant will have an average forecast price of $3,838.
Quant Price Forecast FAQs
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What is Quant?
Quant(QNT) is the native token of the Quant blockchain platform. The blockchain aims to provide a decentralized and secure infrastructure for the development and deployment of decentralized applications (dApps). It uses a unique consensus algorithm called “Proof of Capacity” which utilizes spare storage space on participating nodes to secure the network, making it more energy-efficient than other consensus algorithms.
How to Buy Quant?
You can purchase Quant from any major exchange including Binance, Coinbase and Gate.io. Ensure you have a good wallet to store your purchased token and avoid keeping them on an exchange for a long time.
Is Quant a Good Investment in 2023?
Quant is a good investment and it is going to break a higher high in the coming days. It is important also that you conduct your own due diligence, evaluate your risk management plan and determine whether Quant is good for your investment strategy either in the short term or in the long term.
Will Quant Reach $1000?
Yes, According to our forecast, Quant will reach $1000 and even break above it by the year 2028. We expect a maximum price of over $3,000 by the year 2032. This is three times the price of $1000.
Who Is the Founder of Quant?
Gilbert Verdian, one of the co-founders of Quant Protocol, conceived the blockchain project while employed in the healthcare sector. He identified the importance of interoperability as a means to guarantee continuity of care for patients utilizing multiple platforms. With over two decades of expertise in elevating security, technology, and business strategies, Verdian is well-equipped to lead the project.
Conclusion: Quant Price Forecast 2023 – 2031
In conclusion, the Quant blockchain is a decentralized platform that offers a unique consensus algorithm, “Proof of Capacity”, which utilizes spare storage space on participating nodes to secure the network, making it more energy-efficient. This blockchain provides an infrastructure for the development and deployment of decentralized applications (dApps) and offers built-in smart contract functionality and support for token issuance and trading.
The native token, QNT, is used to secure the network and can be used to pay for transaction fees and access to certain features on the platform. The Quant blockchain has a wide range of potential use cases, including decentralized finance, supply chain management, gaming, digital identity, real estate, e-voting, and automated processes. The platform is still in its early stages and its adoption is still growing, it is expected that the full potential of the platform will be explored in the future.
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