The cryptocurrency market does not seem to show its willingness to climb the downward slope initiated by the Bear Market. While nothing seems to improve, one serious project stands out and sees its token increase in value: Quant crypto. While Bitcoin is still struggling at $ 20,000, Quant (QNT) performed exceptionally well in September. How is it possible and, above all, sustainable?
Quant crypto, interoperability between blockchains
Quant (QNT) is a precursor project officially launched in 2018. Its goal is to remove the communication limits related to lack of interoperability between different blockchains.
In fact, today, most Dapps are limited to one core network. For companies, this limitation is a real drag in terms of marketing and economics.
Therefore, regardless of whether blockchains are public or private, Quant and its Overledger network offer developers support for building decentralized multi-chain applications (Maps).
Unlike Dapps, which is very popular in DeFi, Mapps has the advantage of not knowing borders. In this sense, they are adaptable to all networks, despite the differences that may exist between them.
Quant Crypto aims to make its network be supporting the future digital economy mixing cryptocurrencies and MNBC (Central Bank Digital Currencies) and all possible applications related to blockchain technologies.
Technically, Quant crypto acts as a gateway that allows you to rely on a multilayer architecture. This mechanism therefore allows all the Maps to interact on the different levels without constraints.
With this in mind, Quant crypto has a definite utility on the blockchain, but also in the real world.
QNT is the native token of the Quant ecosystem whose maximum supply is set at 14,612,493 tokens. Thanks to a capital letter of 1.8 billion dollarsthe project ranks 32 ° of the largest market capitalizations.
The QNT did not have the success it had hoped for in its infancy. Indeed, faced with the ICO’s failure, the team burned the unsold tokens. Success came later, as more and more companies used Quantum network innovations.
The Quant token belongs to the category of utility tokensit is essential for companies and developers to use Quant’s services.
QNT crypto explodes by + 50% in 1 month
While the broader market fell nearly 8%, Quant and its QNT token gained 51% for the month of September dropping from $ 96 to $ 145. Even better, the token is back to its March levels! Few cryptocurrencies can boast this performance.
Today, QNT crypto has has repurchased more than 250% of its value from its mid-June low. For comparison, Ethereum only gained 25% over the same period.
How to explain this evolution?
As a first step, the desire of Central Banks to develop their own digital currency (MNBC).
The very essence of Quant is to support the entire financial system of the future. The willingness of the institutions to transfer part of the economy from TradFi to DeFi e the use of blockchain technologies therefore represents a great opportunity for the Quant network.
This hand extended from Quant to MNBC is clearly a positive signal perceived by investors long term.
In this observation, we see an accumulation from whales present on the Quant cryptographic network. According to analyst The Santiment, addresses holding between 100 and 1,000 QNTs have increased their positions by 15.4% since April. By themselves they hold more than 11% of the current supply.
As a result, volumes have also exploded upwards in recent months.
Quant Network, an opportunity for 2023?
Since the Sibos 2022 fair takes place in early October, Quant is actively involved. The blockchain organization hopes so Build relationships with central bank representatives.
Last year, Quant crypto joined with Digital pound foundation. This independent organization works in partnership with the UK central bank to create and develop a Pound digital. Other global institutions have already expressed a desire to collaborate with Quant in the digital development of their currency.
Off the chain, things are going well for the project. Especially since the switch to digital currency has been on everyone’s mind for some time.
Graphically, not everything seems so simple even if positive signs are manifesting.
QNT encryption is currently being tested a level of resistance with whom he has already flirted twice in February and March 2022. This is therefore an important time for the token.
The latest bullish push that began in early September and the origin of a 50% revaluation of the token seems to reach a point of overbought.
At this point, investors could quickly take their profits and commit bearish pressure without token price support. However, the Sibos conference could, for its part, give a positive impetus after a period of consolidation.
In the long run, the project is ambitious and in the face of global economic challenges, it could play a important role. Quantum cryptocurrency and its token could do well and continue their rise in 2023.