Quant (QNT): Connecting Networks and Blockchains Globally
Quant (QNT), a distributed ledger technology for connecting blockchains and networks, has successfully addressed the major interoperability problem by introducing a new operating system.
Quant’s Innovations
The development of the blockchain sector creates additional demand for technologies that allow connecting different blockchain networks, thus offering the maximum functionality to users. The reliance on the distributed ledger technology allows QNT to provide unique interoperability services as it is the first operating system designed for blockchain-related objectives. The major innovation is the ability to create several multi-chain blockchain applications for QNT users. In order to access such functionality, customers should hold a specified amount of QNT tokens, thus creating additional demand for it. The Overledger operating system enables integrating various blockchains into the selected ecosystem such as that of Ethereum. By introducing multiple layers for filtering, transactions, messaging, etc., the system maintains high reliability and flexibility.
QNT’s current market price equals $150.07 with the circulating supply of 12.07 billion tokens. Its maximum supply is about 14.6 billion, implying that no more than 17% of the total supply will be issued in the following years. Its total market capitalization equals $1.8 billion, making it the 65th largest cryptocurrency in the market. QNT reached the maximum price in September of 2021 (with the price above $390), followed by the rapid decline in the subsequent months. The recent weeks are characterized by the price stabilization with the possibility of gradual restoration in the future. Currently, Quant’s developers focus on developing its ecosystem and providing additional functionality to its users.
Reasonability of Investing in QNT
From the long-term perspective, QNT remains a highly promising asset with a considerable potential for demonstrating the rates of growth that exceeds the average level in the crypto industry. The demand for intersectional technologies may continue to increase as new blockchain projects may emerge, and users may be interested in conveniently integrating them in the most reliable manner. The Overledger operating system is mostly positively perceived by independent investors and analysts, thus implying the possibility of its further development. The application of technical analysis may be helpful for better comprehending the short-term dynamics of QNT prices and capitalization.
The major support level at the price of $88 prevents QNT from considerable correction. It was tested four times within the past few months, confirming its high significance from the perspective of technical analysis. Another support level at $132 establishes the foundation for the further price increase. At the moment, QNT approaches the major resistance level at $160. In case QNT exceeds this level, it can potentially test its historical maximum within the next several weeks. Overall, the growing interdependence between various blockchains and payments systems contributes to the radical appreciation of such crypto innovations. At the moment, investors can reliably open long positions due to the presence of several support levels and high likelihood of the rapid token’s growth in the following months. While the returns’ potential is high, the risks can be effectively reduced to the acceptable degree.
