QNT/USD Technical Analysis
Quant (QNT) is an interesting blockchain project, designed with the goal of offering interoperability and establishing connections between different kinds of blockchain networks, using a unique, first-of-its kind blockchain operating system. Built as an operating system distributed ledger technology (DLT), it aims to bridge the gap between various kinds of blockchain networks, leveraging the Overledger Network on which it expects the future digital economy ecosystem to be built.
As of late October 2021, its native token, QNT, ranks 48th among cryptocurrencies, in terms of market capitalization. As an investment opportunity, it has offered over 2,000% ROI so far this year. Quant could turn into a promising cryptocurrency, so it is worth monitoring it in the coming months, especially as discussions on interoperability come into the limelight, with the growing focus on the issue of allowing users to seamlessly transfer data and conduct transactions across multiple blockchains, as several experts in the crypto sector believe that this is a crucial factor that could drive future adoption of this technology.
Quant uses its operating system, Overledger, as a gateway that a project built on any blockchain ecosystem can use to connect to any other kind of blockchain, thus enabling interoperability. It can also allow applications that coexist within the same blockchain ecosystem, to connect with each other.
Not only does Quant support interactions and communication between different kinds of blockchains; its technology also creates different layers that dApps can use to interact with each other. Quant works by provisioning different layers that support transactions, messaging, filtering and ordering. It can also be used ifor applications to share and reference similar data from other apps.
The Quant Network also has its own App Store that supports functionalities to enable reading and monitoring of transactions across different ledgers. Quant's OS, Overledger, can be used by developers to create smart contracts, even on blockchains that do not support them, e.g. Bitcoin. Furthermore, developers can use the App Store to create multi-chain apps (MApps) that can run on different kinds of blockchain networks, offering levels of scalability that dApps operating on a single blockchain cannot access or offer.
Quant was founded by Gilbert Verdian, former HM Treasury employee in the UK government, who then went on to serve as CISO to Australia's Department of Health. Verdian started work on the Quant Network in late 2017, and launched it in June 2018, envisioning interoperability well before several of the leading blockchain networks of the present day even existed. Verdian's efforts in developing Quant also led to the establishment of the Blockchain ISO Standard TC307, which is an international effort backed by 57 countries and organizations that are collaborating to standardize the DLT.
Co-founder of Quant, Dr Paolo Tasca, is an entrepreneur and digital economist who has previously advised the EU Parliament, the UN and several leading central banks around the world on blockchain technology. He also serves as the governing board chair of the Retail Blockchain Consortium.
Quant Price Factors
As a cryptocurrency, the price of QNTexperiences considerable volatility, on the back of market sentiment, especially regarding the way investors react to leading players in the market, such as Bitcoin and Ethereum. Bullish moves in Bitcoin, the cryptocurrency with the largest market capitalization, often boost investor confidence in trading cryptos, and help support interest in QNT as well, sending its price higher. On the other hand, negative news, for instance with regard to crypto regulations around the world or criticism that could potentially hold back the adoption of digital currencies or blockchain technology, have an adverse impact on the QNT price, sending it lower, as investors sell-off their holdings and move away from the high risk, high volatility asset class.
In addition, as a blockchain technology that enables interoperability, the adoption of DeFi and NFT across blockchains and the growth of these sectors can also play an important role in driving up the need for Quant’s technology and the adoption thereof. A greater expansion of the DeFi sector or more cross-chain applications and requirements can increase the demand for Quant’s Overledger and increase the QNT rate.
Quant is not yet as popular as other leading cryptocurrencies, and it may not be available for trading in most crypto exchanges and trading platforms. If you wish to start trading QNT, a good place to start would be to perform your own research, in order to gain an understanding of how cryptocurrencies and blockchain technology function, and what Quant offers. This will help you understand and identify price action drivers, in terms of fundamentals, and help you trade QNT more confidently.
The next step is to identify a list of crypto exchanges and brokers that support the trading of the QNT token. You can then select the provider that fulfils most, if not all of your requirements, and open an account with them. After successful registration, you can convert your trading capital and start buying and trading QNT against other fiat currencies and cryptocurrencies, based on your own analysis of technical and fundamental drivers.
QNT/USD - FAQs
Quant (QNT) is an Ethereum-based token with the goal of enabling interoperability between different kinds of blockchains and their dApps. QNT is the native token that can be used to conduct transactions on the Quant Network, including paying for services and transaction fees, and to secure the OverLedger Network.
You can trade Quant by opening an account with a reliable crypto exchange or broker that lists the QNT token among its offerings. As the next step, you can convert your trading capital and begin purchasing QNT and trading your holdings in the token against fiat currencies, stablecoins and even cryptocurrencies.
You can store your QNT tokens in any wallet, either hardware or software-based, that supports Ethereum. Some of the popular wallets you can use to store Quant include Ledger, Trezor, Trust Wallet, Atomic Wallet and MyEtherWallet.
The QNT token can be used within the Quant Network to pay for platform usage or annual licenses. You can also purchase MApps from the Quant App Store using QNT tokens, in addition to paying developer fees, user fees and consumption.
Most countries worldwide allow their citizens to purchase cryptocurrencies, including Quant. However, some countries have enforced a ban on purchasing, holding and trading them, owing to the lack of regulations, and the high volatility and unpredictability in the market. Please check your country’s latest policies on cryptocurrencies before buying Quant in your region.
The UK permits its citizens to buy, sell, hold and trade cryptocurrencies, including Quant. Although it does not have any exclusive regulations concerning cryptos, the FCA does require all companies operating within the crypto space to register for licences prior to launching their services.
Quant (QNT), like all other cryptocurrencies, offers significant potential for profit, but it is just as volatile and unpredictable, offering higher levels of risk in trading than conventional financial instruments. However, you can reduce your exposure to risk by understanding how the crypto market works and the technology and use cases of Quant. Gaining in-depth knowledge of the fundamentals that drive price action can potentially limit your losses and risks in trading Quant.