Quant was one of the big success stories of 2021, with its native token surging by several thousand percent in the latter half of the year. Naturally, this has stirred a great deal of interest from investors and the token is expected to continue to perform as we head into 2022.
So what’s behind Quant’s sudden price increase? Well, put simply Quant is one of the most ambitious projects in the cryptocurrency space, promising to deliver an operating system for blockchains’ and allowing seemingly disparate networks to interact seamlessly via one central platform.
As the DeFi industry continues to grow and innovate in new ways, there is an increasing demand for exchanges, liquidity pools and lending platforms to be able to interact. By facilitating this interoperability, Quant can effectively become an integral part of the world’s leading DeFi projects. In theory, this could see its native token, QNT, become a highly sought after commodity.
So what can we expect from Quant in the coming months? In the following article, we’re going to list 5 reasons why Quant could double your money in 2022. There are no guarantees of course, but hopefully after reading you’ll be in a better position to decide whether or not to add QNT to your cryptocurrency investment portfolio.
Why Consider Quant?
There’s no denying it, DeFi has changed the face of cryptocurrency for good and the leading projects in the space all have the potential for serious growth. If you’re a cryptocurrency investor, then chances are you’re either already invested in some DeFi projects, or are planning to do so in the near future.
Investing in Quant for the purposes of this article means acquiring a holding of the QNT token - the platform’s utility token. It can be bought and sold on the most popular exchanges and has seen some impressive price movement in its short existence.
But why invest in Quant as opposed to some of the other leading platforms? Aside from its eye-catching branding and relatively easy-to-use interface, here are five reasons why you may wish to invest in Quant:
1. The Quant Overledger
Quant flagship technology is its Overledger - the main component of the project that offers a central platform for other blockchains to communicate, transact and interlink. What the Overledger actually does is to take care of the trust functions when information is exchanged across different networks. This is one hell of a use case and if Quant can deliver, then it is likely that many top projects will be taking advantage of its protocol in the near future.
In its current state it is one of the few projects offering genuine interoperability on a commercial scale and already has ledgers for Bicoin, Ethereum and Ripple. When you consider that many liquidity farming protocols often have symbiotic relationships with one another - Compound and Aave, for example, use the Curve liquidity pools - then it should be obvious as to why platforms such as Quant could have mass appeal.
As you can probably imagine, Quant’s Overledger technology is highly complicated and far beyond the scope of this article. However, what you need to understand is that it is a multi-layered solution, with a separate transaction, messaging, filtering and application layer to allow complete integration of different blockchain projects, without becoming bogged down with congestion or having to charge exorbitant GAS fees.
As it stands, there are very few - if any - major competitors to Quant that can boast the same tried and tested means of providing an ‘operating system for blockchains’. So its use case along could be enough to drive its token price significantly higher, as the need for interoperability grows.
2. Upgrades to the Overledger
We’ve just discussed the Overledger and its importance to the Quant Network. Importantly, the protocol underwent a major upgrade in the latter half of 2021 and this has been cited as one of the main drivers behind Quant suddenly rallying by some 200% in September of that year.
Overledger 2.0.5 was a pretty significant update, as it gave Quant the capability to tie in NFTs, Stablecoins and DeFi with blockchain payments. Effectively, the upgrade increased Quant’s effectiveness as the ‘operating system of blockchains’ and brought the protocol up to speed with developments in the wider industry.
The upgrades were also a boon to the Quant developer programme, which was an initiative designed to attract new developers to the platform. By expanding the interoperability support, Quant has now enabled developers to build multi-chain applications that can be seamlessly integrated to various platforms.
So far, things look to have been a success and developers working on Polkadot, Ethereum and Cosmos projects are all active on the Quant network. Once again, this only strengthens Quant’s position in the market.
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3. Quant’s partnerships
Uptake rates can make or break a project like Quant, so potential investors will be pleased to hear that the platform already has some prestigious partnerships that could prove very lucrative as time goes on.
Perhaps most impressively, Quant is part of Crown Commercial Service’s G-Cloud 12 framework, used by the UK Government to offer network solutions to industries and businesses. In addition to this, Quant is also being used in the development of Australia’s national blockchain, which has been described as an ‘example for the world’.
In Europe, Quant works with SIA Europe to roadmap DLT protocols on the institution's inter-bank network, which is used by several big private and public firms, financial organizations, and other banks. Then there’s the EU’s International Association for Trusted Blockchain Applications, which Quant works with to help authorities and businesses on the continent adopt DLT technology.
Finally, as If the aforementioned partnerships aren’t enough, Quant is also working with online retail giant Amazon’s AWS Partner Network (APN), as well as being a guarantor of Pay.UK - a leading UK payments authority.
Whilst these partnerships do not necessarily equate to an increase in value for QNT, they are certainly a vote of support and testament to Quant’s ability to provide viable DLT solutions across a broad spectrum of industries.
4. The Quant token
Of course, if you’re looking to invest in Quant then what we are really talking about is buying the QNT token - which has demonstrated its ability to offer significant returns in recent months. Having traded at around $15 at the end of 2020, QNT went on several substantial price runs early in 2021, first hitting $44.92 in February, then increasing to $57.07 in May. July then saw QNT hit $80, before a record-breaking bull in September saw the token hit its all-time high of $427.42.
All this is very impressive of course, but what exactly is QNT and what is it used for? In a nutshell, it is an ERC-20 token that is the backbone of the Quant network. In order to use the platform, developers must pay a license fee. This involves acquiring the QNT token. Users then also need the token to be able to perform functions on the network.
This means that QNT is vital for anyone looking to use the platform. It also has a total supply cap of 14.6 million tokens, with some 12,072,738 being in circulation at the time of writing. As demand for Quant’s services increases, so too does the need for QNT. Given the supply cap, this could lead to the token increasing in scarcity and - in theory - becoming more valuable.
5. An opportunity to diversify
It’s fair to say that the cryptocurrency market looks wildly different to how it did five years ago. In fact, things have changed substantially in the last 18 months alone, as DeFi has taken the world by storm and the NFT trend has emerged almost out of nowhere to become one of the most popular movements in the world of blockchain technology.
If you read any guide to investing - whether it be cryptocurrency or any other kind of asset - you’ll no doubt find that diversification is always recommended as a way to mitigate risk. In the past, it has been difficult to diversify within the cryptocurrency sector, as many tokens served a similar purpose and tended to move in-line with Bitcoin.
This changed to some extent with the arrival of DeFi, as investors could spread their holdings across projects with substantially different use-cases. Quant is arguably another means for such diversification, as it is a more utilitarian project that serves the wider market. As such, it would be the perfect addition to a portfolio that already includes value-exchange tokens like Bitcoin and Dogecoin as well as DeFi frontrunners like AAVE and UNI.
Of course, nothing is guaranteed in the world of cryptocurrency investment, but few people would doubt that blockchain is the future for many industries and a project like Quant could be instrumental in taking things to the next level and bringing cryptocurrency further into the mainstream.
What Are Analysts Predicting For Quant In The Coming Months?
As we’ve seen, Quant had a pretty impressive year in 2021, but ultimately its the future we are interested in - so what are leading analysts saying about QNT’s chances in 2022?
DigitalCoinPrice seems to think that the token can hit $215.46 in June, before seeing a slight downturn at the end of summer. However, things are predicted to pick up again but drop again towards the end of 2022 and we could see QNT trading at a year high of $187.55 per token. Given that its current token price is $145.87, this would represent growth of about 29%.
Elsewhere, WalletInvestor is slightly more ambitious. Its technical analysis suggest we could see Quant go past the $250 mark before the end of the first quarter and, assuming things go well for the platform, it may well be closing on an average price of $370 by the end of the year.
Finally, TradingBeasts is a little more apprehensive. It doesn’t see Quant making any major gains across 2022, although the token is expected to make some steady growth. According to the analyst, QNT may grow by as much as 28% come December, to an average trading price of around $186.03.
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Conclusion - Is Quant A Good Investment In 2022?
Quant has the potential to be a hugely valuable project - both for investors and the cryptocurrency industry itself. As we have seen, the platform can meet a very real need within the blockchain world and genuinely has the technical credentials to help the leading DeFi projects ascend to the next level.
Of course, potential does ot necessarily equate to a value increase and any would-be Quant investors will need to keep a close eye on developments with regards to the Quant infrastructure and uptake levels. It will also be necessary to identify any potential rivals that might emerge.
We have seen that the QNT token performed remarkably well in 2021 and many leading analysts believe it will continue to do so across 2022. Will it double your money? There’s certainly a chance, although we’d suggest that this might be a touch optimistic. Realistically 100% growth is more likely to come by 2023 or 2024.
Ultimately, if you are looking to diversify your cryptocurrency portfolio by investing in an ‘alternative’ project that is neither DeFi or a traditional value-exchange token, then Quant is definitely worth considering - just be sure you understand exactly what the platform brings to the table before committing funds.
How To Invest In Quant
It’s probably fairly obvious by now that, if you want to invest in the Quant Network, then the best way is to acquire a holding of its native QNT token. In order to do this, you’ll need to go through a broker or exchange that lists Quant. There are plenty out there, but we think eToro is the best choice for most investors.
Not only is eToro one of the leading providers of retail investment - with a reputation that’s unparalleled in the industry - it also has a wealth of information resources to help you build your cryptocurrency investment strategy - including the ability to copy the trading decisions of some top investors.
Opening an account takes just a few minutes, but you’ll need to verify your identity to comply with stringent verification checks. However, this is only done once and then you’ll be able to buy and sell Quant and numerous other tokens.
eToro – The Best Platform To Buy Quant
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5 Reasons Why Quant Could Double Your Money FAQs
What is Quant?
Quant is an ambitious project that seeks to provide interoperability for blockchain networks. Dubbed the “first operating system of blockchains”, the project’s architecture allows different cryptocurrency platforms to exchange information, whilst remaining completely decentralised and secure.
Will Quant double my money in 2022?
Having looked at the Quant price predictions for the year, it appears there are some that believe Quant could grow by 100% - or more - throughout 2022. However, we feel this is an ambitious forecast, especially as some other analysts have predicted growth of just 12%.
Where can I buy Quant?
You can invest in Quant by buying its native QNT token. To do this, you’ll need a broker that lists the token. We recommend eToro for most users, as it's one of the leading brands on the market and is suitable for novices as well as more experienced traders.
Has Quant peaked?
Quant saw unparalleled growth in the latter half of 2021, prompting some investors to speculate that the token may have peaked. However, analysts suggest otherwise and it seems that most are forecasting further growth for QNT over 2022.
Who uses Quant?
Quant has the potential to revolutionise the cryptocurrency industry - but this of course depends on uptake. The good news for investors is that Quant has already struck some fairly impressive partnerships, including with the likes of SIA Europe, Pay.UK and Amazon.