Is It Worth Investing In Quant?

Last Updated January 13th 2022
15 Min Read

There have already been a lot of crypto projects claiming to be the solution to blockchain interoperability. This is the ability of two or more blockchain networks to interact with one another.

Blockchain is an excellent technology, but it's still in its early stages. There are certain things that it isn't yet capable of doing, one example would be the sharing of sensitive data between different parties. A lot of companies face this problem when it comes to adopting blockchain technology.

This is where Overledger/Quant comes in.

Overledger is a project of Quant Network which aims to solve the problem of interoperability between different distributed ledger technologies (DTL). The overledger operating system functions as an intermediary enabling data to be shared between different networks. It also plans to provide the ability to transfer value and information between different ledgers.

We will be looking at what exactly Quant is, how it works and whether it is a good investment.

Contents:

What Is Quant?

To understand exactly what Quant is, we first need to grasp the concept of interoperability.

Interoperability refers to the ability of two or more blockchain networks to interact with one another.  This is usually done by connecting blockchains together using an intermediary protocol.

Quant acts as this intermediary protocol, enabling data to be shared between different ledgers.

This is made possible through the use of the Overledger operating system. Overledger, which is considered the first-ever blockchain OS, is designed to enable the communication between blockchains using a ledger agnostic blockchain. 

This enables users to transfer tokens, data and value while being able to interface with any blockchain.

With the overledger OS, developers and businesses can build what is known as Multichain Applications (MApps). These are just like decentralized applications (DApps), but unlike DApps, they are able to run on multiple ledgers. MApps actually allow DApps to access and use data from different platforms enabling them to expand their capabilities. 

But what exactly is Quant trying to achieve with the overledger OS? 

The team behind Quant is working to achieve what is known as the Internet of Trust. 

According to the founder of Quant Network, Gilbert Verdian, this is where consumers are able to trust that the products they are using are safe, transparent, secure and efficient. 

The internet of trust cuts out the middlemen with decentralization ensuring that data is more secure since there is no single point of failure. 

QNT is the native token of the Quant Network. It is mostly used for transactional purposes and also allow access to different MApps built on the network. 

The tokens are capped at 14,612,493 QNT, and there are currently 12,072,738 QNT in circulation. 

The Quant Network was founded by Gilbert Verdian, Paolo Tasca and Colin Paterson. All three of them have extensive experience in the blockchain industry and have previously worked in prominent firms. 

How Does Quant Work?

Quant works by enabling different blockchains to communicate with each other via their own protocol or ledger without being limited by it.  

The Overledger operating system is at the heart of the Quant network and is what helps it to achieve interoperability and scalability at the same time. 

The Overledger architecture is designed in such a way that different layers perform individual tasks in order for the overall network to be more efficient. 

Generally, there are four important layers on the platform:  

  • The transaction layer is responsible for storing transactions in the blockchain. This is where operations that involve transactions on several blockchains take place. 
  • The messaging layer retrieves and stores relevant information from different ledgers. These include smart contracts data, transaction data and even metadata. The layer is also responsible for storing messages or communications between different ledgers. 
  • The filtering and ordering layer handles messages that contain transaction information. The layer also determines connections between messages obtained from the messaging layer and also validates off-chain messages. 
  • The application layer is where the multi-chain applications operate.

The Quant network has an app store where developers can create and release their MApps and consumers access them. In order to gain access to the app store, users will need to hold a certain number of Quant tokens. 

Check Out: Is Quant (QNT) Token A Good Buy?

Quant Price History 

The Quant network was launched in June 2018, which means it has been in the market for less than five years. 

Around this time, the project held an Initial coin offering (ICO) where it raised about $11 million. 

In early August 2018, QNT was trading at as low as $0.25. In fact, according to CoinMarketCap, the coin’s lowest price was around $0.1636, which it achieved towards the end of August 2018. 

The coin remained relatively low for those first few months. For instance, from the time it started trading until early September, QNT was mostly below $0.4. 

It began rising slightly in September, and towards the end of that month, it crossed $1 per coin and even went as high as $1.5. 

QNT then reached $2 and $3 in late October but could not reach $4 until early May 2019. During this time, the coin recorded low daily transactions volumes, with the highest being slightly above $3 million. This is meagre compared to the current daily trading volumes of over $62 million. 

The market cap was also very low. For instance, in mid-October 2018, Quant had a market cap of just above $12 million. Compare that to the current market cap of close to $2 billion, and you can see how much the Quant Network has grown. 

This growth mostly picked up around June 2019. In early July 2019, QNT briefly crossed $11 per coin before dropping to $5 per coin in early September. Despite this marginal correction, the coin managed to stay afloat and mostly traded above $5 until August 2020, when it really took off and began scaling charts. 

For instance, QNT crossed $10 per coin in late August and then in mid-November 2020, it reached $15 per coin for the first time. 

However, the most parabolic growth began in 2021. Around this time, there was a market-wide bull run that pushed many cryptocurrencies to achieve previously unimaginable milestones. 

At the start of 2021, QNT was trading at around $11.1. However, by mid-February, it had gone to as high as $44.1. It then fluctuated between $32 and $45 per coin until around mid-May 2021, when it jumped to $61.2. 

The price dropped to $31.4 towards the end of May and then adopted another uptrend that took it to over $80 per coin in late June. 

Now, by this time, the bull market had waned out, and most coins had plummeted to humbling price points. However, it was a bit different for Quant. As most cryptocurrencies in the market were dropping and hitting their all-time lows, QNT began rising parabolically. 

For instance, between July 18th and August 4th, 2021, the coin rose from $70.01 to as high as $178.44. That is an impressive 154.9% gain in less than two weeks. Although it did drop slightly to $154.8 a week later, QNT was not done going up. 

On August 24th, 2021, the coin reached $205.77 and recorded a 24-hour trading volume of about $111.17 million. 

The biggest rise was yet to come. 

And it happened between September 1st and September 11th, 2021, when Quant jumped from around $187.6 to achieve its current all-time high price of $428.38. That means that in just 10 days, it grew by a whopping 128.35%. 

But as is the case with most parabolic price growths, a crash was inevitable at this point. By September 20th, QNT had dropped to $266.42, losing 37% of its value in about a week. 

From there, the downtrend continued in a zigzag manner. QNT was fluctuating but going down nonetheless. By early December, the price had hit $164.3. 

It then began rising slowly and, at the time of writing, was trading at $183.5 with an 11.75% gain in the last 24 hours. 

So, it is safe to say that QNT started 2022 on a positive note. And the coin is more than 57% down from its all-time high price, it shows promise of rebounding and crossing $200 again in the next few months. 

Read Also: Could Quant Be A Millionaire-Maker Coin?

QNT Price Prediction For 2022 And 2023 

As we mentioned, QNT kicked off 2022 on a positive note, and we might be looking at another exciting uptrend soon enough. In fact, most of the price predictions we have looked at for 2022 and 2023 are quite positive. 

For instance, Digital Coin Price predicts that QNT might go as high as $271 in 2022. According to the site, the coin will start in February at around $253 but might drop to $240.7 in March, go to $250 in April before dropping again to $233.5 in May. 

However, in June, Digital Coin Price predicts that QNT will hit a high price of $270, which might be the second-highest for the year. The highest price in 2022 might be around $271.7 in September. 

From here, the coin might gradually drop to close the year at $251.13. 

Wallet Investor is a bit more positive, and its predictions are more linear than volatile. The site predicts that QNT will be worth around $220 at the start of February. It might then cross $250 in late March before going to $260 in mid-April. 

According to Wallet Investor, Quant might hit $300 per coin for the first time in mid-July. It will then gradually grow to close the year at as high as $451.7. 

Digital Coin Price, on the other hand, does not think QNT will cross $300 until January 2023. However, it will have trouble staying above this point as it might occasionally drop to below $300. 

In fact, Digital Coin Price predicts that QNT will only trade above $300 per coin in January, April, June, September and October. 

Again, Wallet Investor believes that Quant has even bigger potential in 2023. According to the site, QNT will start 2023 at an average price of $453.61 then grow steadily to close the year at $723. 

Again, the price tracker predicts a linear growth with hardly any drops in between. 

Wallet Investor is not the only one bullish about the growth of Quant in 2022 and 2023. Although Gov Capital projects that QNT will trade a lower price of $194 at the start of February 2022, it predicts a much faster growth with plenty of fluctuations in between. 

The site predicts that QNT will reach $200 again in mid-February, and then in mid-June, it will cross $250 per coin for the first time. It will then hit $300 in mid-August, and by the end of the year, the coin might be worth more than $350. 

It will then start 2023 at $351 then close at as high as $570 per coin. But that might not be the highest price for 2023. Gov Capital predicts that QNT might go up to $610 in mid-September or even as high as $700 per coin if the market is conducive. 

Priceprediction.net is more on the conservative side and predicts that QNT will close 2022 at $252.4 and 2023 at $366.75. 

All in all, we can expect Quant to grow decently in the next two years. As more blockchains projects and investors see its potential and its use cases expand, there is no doubt that the coin might become one of the most sought after cryptocurrencies. 

Don't Miss: Quant Price Predictions

How To Invest In Quant (QNT)

Quant is not as lucrative as bluechip cryptocurrencies like Bitcoin and Ethereum. Very few investors are looking its way, especially since most still do not understand what exactly it is trying to achieve.

However, Quant is like any other cryptocurrency, and you can buy and sell it on exchanges like you would do ETH or BTC, although you might not find that many exchanges that support it. 

Currently, you can buy QNT on : 

  • Coinbase
  • eToro
  • Crypto.com
  • Gemini
  • KuCoin
  • Gate.io

In this regard, there are two main ways that you can invest in Quant. These are: 

  • Holding for the long term
  • Trading for the short term 

Method 1: Holding for the long term

Holding ( also known informally as HODLing) simply means buying and storing QNT tokens for a long time. This can be up to five or even twenty years. 

The point of holding Quant coins is to wait until the price goes up compared to the current price, then you sell your stash for a profit. 

For instance, according to Gov Capital, the price of a single QNT token might go as high as $1,570 in the next five years. 

Now, assuming you buy $2,000 worth of Quant at the current price of $181.6. That means you will have around 11 QNT. 

Assuming that Gov Capital is indeed correct and you sell 1 QNT for $1,570 in the next five years. You will make around $17,290. That is a profit of more than $15,000 in just five years. What if you hold for 20 or even 30 years? The possibilities are limitless. 

However, you need to keep in mind that the price could go either way. Quant might also lose value and maybe in the next five years be worth less than $50. In that case, you will lose your money and make a huge loss. 

Now, in order to hold QNT coins, you will need to buy them from an exchange like Coinbase then transfer them to an off-exchange wallet. 

When it comes to Wallets, there are several types you can choose from depending on what you are looking for. For instance, if you value convenience over security, you can go with a desktop or mobile wallet. These are usually known as ‘hot wallets’ since they are connected to the internet and can be accessed from anywhere using any device. 

This means that they can also be accessed by hackers. 

On the other hand, if you value security over convenience, you can choose hardware or cold wallets. These are offline and can be accessed when you have the device (such as a flash disk or hard drive) with you. 

The process of transferring tokens from an exchange to your wallet is often straightforward and may slightly differ depending on the exchange you are using. 

Method 2: Trading for the short term

We recommend holding for two kinds of people: 

  • Those who are new to cryptocurrencies 
  • Those who don’t have a lot of time to study the market 

However, if you have been in the market for long enough and prefer investing more actively, we recommend trading.

Now, trading is not as straightforward as holding. For once, it comes in different forms. 

It is also much risker since it involves profiting from short-term price movements. 

Day trading is the most common type. This is where you study the market and take take advantage of price movements to make a profit in the course of the day. This movement can either be upwards or downwards. 

One huge difference between trading and holding is that with trading, you can profit from both a price rise and a drop. While you can buy QNT and wait for the price to go up before selling, you can also gain by simply predicting that the price will drop. 

In this case, you won’t even need to have any QNT tokens. 

There are several exchanges from where you can trade QNT, but we recommend eToro. It has low fees, an arsenal of trading tools, and if you are inexperienced, you can simply copy the trades of more talented traders. 

Trading QNT on eToro is simple: 

  • Create an account on eToro if you haven’t already 
  • Deposit a minimum of $200 into your account
  • Go to Top Markets, then choose Cryptocurrencies
  • Choose Quant QNT from the list 
  • Click on Trade, then BUY
  • Set leverage to X1
  • Enter the amount you want to spend on QNT 
  • If you wish to, you can select the profit parameter 
  • Click on Open Trade

That’s it! You are now trading QNT. 

Keep in mind that trading cryptocurrencies is very risky. They are highly volatile assets, and the price can change unexpectedly. So, make sure that you know what you are doing and never invest more than you can afford to lose.

Is Quant (QNT) A Good Investment? 

Although distributed ledger technology (DLT) has been around for quite some time, none has been able to fully solve the issue of interoperability. Quant comes very close to phasing out this problem, and now large corporations, governments and even financial institutions will be able to streamline services using the Overledger technology. 

By trying to end one of the biggest bottlenecks in the DLT sector, Quant puts itself in a position to grow quickly and serve even wider use cases. 

In the future, we expect that Quant will bring on board even more developers to build MApps and subsequently widen the community around it. When this happens, the QNT token, which is at the epicentre of operations on the Quant Network, will grow more in value, making it a profitable investment asset. 

So, whether or not Quant can be a good investment will depend on several factors. 

However, we believe that if the network is able to explore its full potential and attract enough users, it can be very profitable for investors. 

Check Out: How To Make (Or Lose) Money With Quant (QNT) Token

Conclusion: So, Should I Buy QNT Tokens? 

The decision to buy or not buy QNT tokens is entirely yours. However, if you are looking for an opinion, here it is; 

When it comes to cryptocurrencies, it is all about taking risks. There are no guarantees. Even for a valuable coin like Bitcoin, we can’t tell you with certainty that you will make a profit if you buy it now. 

So, what you should do is conduct some research. Look at Quant from a deeper perspective, identity the red flags and see if it is a good fit for your portfolio. 

Finally, invest carefully. If you are not sure how things work, we would recommend working with an expert. Pick an investment strategy that works for you, and don’t put all your money into one asset.

eToro – The Best Platform To Buy Quant

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Virtual currencies are highly volatile. Your capital is at risk.

Read More:

Is Quant (QNT) Token Safe?

Why Is Quant (QNT) So Cheap?

Quant (QNT) Forecast: Will Quant Token Reach $5000?

What Will Quant (QNT) Token Be Worth In 2030?