The price of the cryptocurrency Quant (QNT) spiked in the first half of this month, reaching a new all-time high above $80 on 17 June. Other altcoins – alternatives to Bitcoin (BTC) – have struggled to establish a consistent rebound from last month’s price crash.
So, what is the Quant crypto, what is its use case and where will its price go from here?
In this article, we provide an overview of the Quant network and long-term predictions for the coin’s value.
Quant delivers blockchain interoperability
The Quant platform was launched in 2018 to bridge the gap between blockchains so that they can interoperate efficiently on a global scale. Its enterprise-focused application interface (API) gateway connects distributed ledger technologies (DLTs) using a modular architecture that developers can adapt to any network. It also connects applications to other applications within the same blockchain, such as Ethereum.
The network is releasing a new version of its operating system.
Quant was co-founded by CEO Gilbert Verdian, an executive with experience in the healthcare, cyber security and financial sectors, and Paolo Tasca, a digital economist specialising in distributed systems.
Verdian was previously chief information security officer at Vocalink, a Mastercard (MA) company, the chief information officer at the New South Wales Ministry of Health in Australia, and the security lead of the Ministry of Justice in the UK.
Verdian founded Quant while working in the healthcare sector, where he identified the importance of different platforms working together to handle patient information. Tasca has been a special advisor on blockchain technologies for the European Parliament, the United Nations and various central banks.
Quant aims to provide enterprises with a standard, secure and cost-effective solution. Its Overledger blockchain operating system complies with the high regulatory standards required by international organisations and governments. It’s designed to integrate easily with any IT operation.
Developers can build applications with a single API that interact with multiple DLTs using Quant’s cross-DLT Technology. Overledger currently connects to six DLTs. Quant is adding access to National and Regional Distributed Ledger Networks later this year, with more DLTs to follow.
Quant is also building a Connector Developer Kit so that developers of commercial and academic blockchains and distributed ledgers can open their systems to Overledger applications.
Quant has different application layers for transactions, messaging, filtering and ordering. Its App Store can read and monitor transactions across multiple ledgers. Overledger allows developers to write smart contracts across a range of blockchains, including those such as Bitcoin that do not support smart contracts, and create multi-chain applications (MApps).
Quant was named as a supplier on the UK Crown Commercial Service’s cloud framework in September 2020. In March, it agreed a partnership with LACChain, a global alliance led by the the innovation laboratory of the Inter-American Development Bank, to develop DLT-based systems in Latin America and the Caribbean. In April, Quant formed a partnership with Liechtenstein Cryptoassets Exchange to integrate their technologies for the development of central bank digital currencies.
Quant updates Overledger operating system
Quant launched the first version of the Overledger operating system in June 2020 as a software-as-a-service (SaaS) product with client software development kit-based logic.
Overledger version 1.5 went live in January 2021, giving developers mainnet access on the Bitcoin, Ethereum and Ripple ledgers. Quant has launched Overledger 2.0.x API releases since the beginning of June. On 17 June, Overledger 2.0.1 launched with four new API extensions, expanding the functionality available to multi-DLT applications (mDApps).
The second generation of remote connector gateways is in final testing and will be released following the 2.0.x updates.
QNT is Quant’s native cryptocurrency token. Developers need to hold the QNT token to build MApps on the network. The coin became available for trading in August 2018.
Like many cryptocurrencies, the QNT price trended higher from March 2020 and accelerated the pace of the rally since the start of 2021, spiking to its then all-time high in May.
QNT started this year at $11.04 and reached $63.41 on 19 May, a gain of 474%, before retreating to $26.09 on 23 May as cryptocurrency prices collapsed. But unlike other coins, the price has recovered, and QNT rallied to set a new high of $81.93 on 16 June. At the time of writing, 21 June, the coin was trading at $68.59.
Quant is now the 78th-largest cryptocurrency, with a market capitalisation of $779m, according to CoinMarketCap. The maximum supply of QNT tokens is set at 14.6m. Of that total supply, 9.9 million were sold during the initial coin offering (ICO) in 2018, the company kept 2.6 million in reserve to support the project, and 1.3 million were reserved for the company founders, with a further 651,000 tokens issued to company advisors.
There are currently more than 12 million QNT tokens in circulation. The remaining two million are unlocked and available to be sold or issued, which could dilute the value.
What is the outlook for Quant crypto trading – will the price continue to rally and set fresh highs?
Quant (QNT) price prediction for 2021 and 2022
Short-term technical sentiment on QNT is neutral, according to CoinCodex. The 10-day to 200-day simple (SMA) and exponential moving averages (EMA) are giving buy signals, while the three-day and five-day SMA and EMA, relative strength index (RSI) and stochastic RSI are showing sell signals.
Cryptocurrency forecasters predict the QNT price will continue to rise over the next year. The Quant (QNT/USD) price forecast from algorithm-based site Wallet Investor puts the price at $87.72 by the end of December 2021 and predicts a climb throughout 2022 to reach $149.24 by the end of the year.
Gov Capital forecasts that the price will increase from $79.30 at the start of July to $90.23 by the end of 2021 and $142.23 by the end of 2022. In the meantime, DigitalCoin predicts that QNT will rise to an average of $108.42 in 2021 and $126.67 in 2022.
Where do they predict the price will go in the longer term?
Quant crypto price prediction for 2025-2030
Over the longer term, Wallet Investor estimates that the QNT price will rally further to reach $334.19 by the end of 2025 and $365.52 by mid-June 2026.
The Gov Capital forecast projects that the price will rise from $295.67 at the start of 2025 to $400.42 by the end of the year and climb to $462.12 by June 2026.
DigitalCoin predicts that QNT will average $209.98 in 2025, $251.85 in 2026, $258.11 in 2027 and $323.99 in 2028.
Cryptocurrency Price Prediction is highly bullish on QNT for the second half of the decade. It projects that the price will reach $3,024.37 by January 2025 and end the year at $3,299.31, rising to $5,847.55 by January 2030 and $7,208.85 by December 2030.
The decision to invest in highly volatile assets like cryptocurrencies depends on your risk tolerance and portfolio diversification. It is essential to do your own research to decide whether investing in QNT is a good fit for your portfolio and investing goals. You should keep on top of the latest developments and adjust your position in response to the market.
You can follow our coverage of Quant news and price predictions to stay on top of the latest market developments.
Forecast sites, based on machine learning and algorithms, predict that the QNT price will rise, depending on the adoption of the Quant network and the Overledger operating system, as well as price trends on the broader cryptocurrency markets.
Price forecasts indicate that the QNT market capitalisation is undervalued, relative to other cryptocurrencies, and the price could reach $500 by the end of the decade. The most bullish predictions suggest the price could surpass $1,000.
The QNT token can be traded on several cryptocurrency exchanges, including Bilaxy, Bittrex, 1inch and Uniswap. You can then transfer the tokens to a secure software or hardware wallet to keep them safe from hackers.