Although many improvements took place in the world of blockchain since the first blockchain, Interoperability still is a major concern to investors as well as developers.
Every blockchain is made with some uniqueness which hinders its interoperability and affinity to other networks.
These blockchains cannot share data among themselves without going through a process that demands high time, energy and other resources.
The Quant Overleged operating system is the first gateway for distributed ledger technology. It is an interoperable communication protocol providing a network for developers and enterprises. The overledger operating system is at the heart of the Quant Network and helps it achieve interoperability and scalability at the same time.
Gilbert Verdian when working with the UK and Australian governments identified the problems related to interoperability and later discovered how useful distributed ledger technologies could be in solving the problem and launched quant in 2018.
Quants further launched its own token QNT which has been in the headlines recently due to its pump.
QNT Price History
The coin opened at $ 2.12 in Jan 2019 with a volume of $57 million. Soon with a flowing curve, it opened at $ 8.61 in Jul 2019 with a volume of $386 million. Due to the pandemic era, the coin suffers deprivation and reach as low as $3.3 in March 2020 with a volume of $74 million only.
But the graph was soon to witness a slope which would never look back. Starting the next month, April 2020, the coin started to rise rapidly from $ 4.01 and reached the mark of $ 41.08 within a year in April 2021. The market volume which was $74 Million in March 2020 reached a mark of $292 Million in Jan 2021.
This was not the best time for the coin. Later in August 2021, the market volume crossed $1 Billion which multiplied 5 times just the next month and have seen its highest volume of $5 Billion in September 2021.
2021 was the golden year for the coin as it opened at $11.23 in Jan 2021 and $ 201.61 in Dec 2021. It reached its highest in September 2021, which is, $ 428.38 with a volume of $5.02 Billion.
The coming year was not that pleasing for the token due to the market crash in Jan 2022. The whole market suffered a downfall of $ 2 Trillion. QNT too was affected. In the first month of 2022, it opened at $178.85 and closed at $ 96.89.
Reflecting the uncertainty in the market and fear among the buyers, its graph has been fluctuating like an ECG. It has seen the lowest rate of $ 41.16 in June 2022 and the highest of $ 226.09 in October 2022. The volume too is oscillating. The highest volume recorded was $2.1 Billion in July 2022 and the lowest was as low as $239 Million on Oct 18, 2022.
QNT Future Price Prediction
Different prediction agencies see the future of QNT very differently. Some platforms see the future as very bright whereas some see it pessimistically.
Given below is a price prediction for coming years:
How to Buy QNT?
QNT can be traded on many exchange platforms such as
- Bilaxy
- Bithumb Global
- Bittrex
- 1Inch Exchange
- Uniswap
- Hotbit, etc.
The token could be exchanged with a number of cryptocurrencies like
- Bitcoin(BTC)
- Ethereum(ETH)
- Tether(USDT)
Moreover, it can be traded against a flat currency like the Euro.
Given below is a guide to buying QNT from Binance App
- Create an account on Binance
- Choose the method of payment to buy QNT Assets.
- Confirm your order at the current price within a time period of 1 minute.
- QNT has been credited to your wallet. You can trade with it now.
FAQs
Q: Will QNT cross the mark of $1000 by 2023?
No, according to a number of analysing platforms mentioned above, $1000 is way too far mark to reach for it by 2023. But, the crypto market is unpredictable and hence this is worth our patience and watch.
Q: Is QNT a good investment?
Looking at the data mentioned above regarding the future of the coin, Yes, it is a good investment for the long term. Looking at its history, it has witnessed a drastic increase in just 2 years. It has the potential to return a good profit in long term.
Q: What would be the price of QNT in 2030?
Many agencies predicting its fall predicted it to go down to $97 but the majority of agencies predict it up to the mark of $334 by the end of 2030. But again, it is necessary to mention the uncertainty in the market.
Q: Where to buy QNT?
QNT is an easy-to-find cryptocurrency. One can buy it from various platforms like Binance, Coinbase, Bilaxy, Bithumb Global, Bittrex, 1Inch Exchange, Uniswap, Hotbit, etc.
Q: Is QNT promising?
The data coming from predictions and history shows the consistency and long-run potential of the token. It is not impossible for this coin to reach the thousand-dollar mark in 5 years. It looks quite promising.
Q: What is the market cap and circulating supply of QNT?
QNT has a market cap of $2.3 Billion Dollar as on Oct 2022. It has a circulating supply of 12 Billion which can scale up to 14.6 Billion.
Q: What makes Quant Project so unique?
The Quant Overleged operating system is the first gateway for distributed ledger technology. It is an interoperable communication protocol providing a network for developers and enterprises
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Hello, I am Aryan. I am passionate about writing about topics ranging from cryptocurrency and blockchain to modern developing technologies such as ML, AI, IoT, etc. Also, the collaboration of Finance and Technology attracts me.