Quant Coin Network’s Overledger brand of commercial software solutions. Which aims to link public blockchains and private networks, is powered by the Ethereum token Quant Coin (QNT). Any blockchain-based project may access any other blockchains using Overledger, which was created to serve as a gateway. It also functions to link one application to other apps inside the Ethereum blockchain ecosystem. Its Network enables the development of “maps,” which let decentralized applications run concurrently on many blockchains.
They assist banks, investment companies, and other financial organizations with integrating programmable money. Digital currencies issued by central banks, and other tokenized assets into their operations.
A white paper by Quant detailing. The inner workings of their planned Overledger blockchain operating system were published in January 2018. The white paper was written by Gaetano Mondelli, Gilbert Verdian, Paolo Tasca, and Colin Paterson of it. Verdian served as the Chief Information Officer of Mastercard startup Vocalink before taking the helm as CEO of it.
After a $15 million presale of 15 million QNT tokens. Quant had a public sale for its cryptocurrency in April 2018. QNT coins valued at US$11 million were successfully raised for the project.
The Quant Overledger Network, the Overledger DLT Gateway. The Quant apps are all accessible to users of QNT, the network’s official cryptocurrency token, through the Internet. Users of the Quant Network, including developers and businesses, are charged consumption fees. Which are paid to the Quant Treasury account in QNT tokens.
Quant’s price is currently selling at roughly $116, up over 15% from the previous week. And QNT was able to increase by 2% during the previous 24 hours. In spite of the pessimism, Quant has the ability to soar and might reach $400 by 2025. Our thorough investigation seeks to provide you with answers to your queries. Such as if QNT is a wise investment if you’re seeking a Quant Network price forecast. Can QNT cryptocurrency hit $1,000? Before we begin our comprehensive Quant price forecast, let’s take a closer look at the currency.
Quant presently has 12,072,738 shares in circulation and a market value of $1,247,556,074 as a result.
The cost of it has gone up by 0.11% during the last 24 hours. Over the last week, Quant has had trouble finding traction, falling 5.92%. If you were considering purchasing Quant, now would be a good time to invest as QNT is displaying negative indicators.
QNT’s price declined by 7.16% during the past 30 days, devaluing it by $7.98 from its prior value of $111.42. Quant is now in a dip as a result of the current decline. In the past three months. The cost of Quant has decreased by 13.94%, losing $16.76 from its prior value of $120.20.
The 200-day SMA is below where Quant Coin is trading at the moment. Since March 20, 2023, the 200-day SMA has been indicating SELL for the last 109 days.
Since July 5, 2023, when the price of Quant fell below the 50-day SMA. This indicator has been indicating SELL for the last three days.
On March 24, 2023, 105 days ago, the Bitcoin market saw its most recent Death Cross. The most recent Golden Cross was on February 2, 2023, which was 155 days ago. Our technical indicators predict that Quant’s 200-day. SMA will decline during the coming month and reach $ 116.64 by August 6th, 2023. By August 6th, 2023, Quant’s 50-Day SMA is anticipated to reach a value of $99,94.
A well-liked indicator for determining if a cryptocurrency is oversold (below 30) or overbought (over 70) is the Relative Strength Index (RSI) momentum oscillator. The QNT market is in a neutral position at the moment since the RSI reading is 47.27.
Pivot: Quant has support levels of $ 102.26, $ 101.08, and the strongest at $ 100.18, all based on the current value of the traditional pivot point (P1), which is $ 103.17. Quant resistance levels are located at $ 104.35, $ 105.26, and $ 106.44.
Quant price has a correlation coefficient of 0.602 with the top 10 cryptocurrencies by market capitalization, excluding Tether (USDT), and a correlation coefficient of 0.562 with the top 100 coins by market capitalization, excluding all stablecoins.
It’s useful to also look at Quant’s price history to have a better picture of what could happen to the Quant price in the future. The QNT/USD pair has lost -8.18% during the past month. The QNT/USD performance over the past year is 67.49%.
We anticipate that Quant Coin will reach a maximum price of $186.20 when the market begins to recover as we emerge from the crypto winter. The least amount that can be anticipated to cost is $124.14, and the average cost will be close to $155.17.
Our technical analysis indicates that there is now a negative attitude among Quants. Most technical indicators are indicating sell.
Copy from Bitnation website
Quant Coin has a lot to surprise investors with a market valuation of $1,408,329,718 and a trading volume of $25,330,831. Quant (QNT) pricing has the disadvantage of increasing the slowest and the advantage of growing the fastest.
The creators of Quant are quite certain that, as a leader, broad adoption would bring forth a lot of benefits for its followers. Quant’s price, which is now $116, is expected to rise dramatically as demand for the product rises.
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