Is Quant (QNT) Token A Good Buy?

Last Updated February 8th 2022
7 Min Read

Should you be buying Quant tokens in 2022? Is it a good buy?

Well, in a traditional investment sense, Quant Token has all the hallmarks of a viable long-term investment. It has performed exemplarily well in the past, it has the backing of one of the most advanced crypto technologies, and is expected to sustain the current uptrend over the long term. These make the QNT token a good buy, while the conviction that it will most likely rebound and resume its late 2021 rally in the upcoming months shows why you should be investing in the token today.

Quant is also a good buy today because it currently is undervalued. After rallying in September last year and setting an all-time high of $428, the unexpected December sell-off pushed down its prices and is now trading at less than half its peak price.

Moving forward, however, crypto analysts and Quant investors expect the token to experience a swift rebound that helps it recapture the peak price and the September rally. Over the longer term, they expect a recovering crypto market, faster blockchain adoption, and upgrades to Quant’s Overledger operating system to help the token prices grow by as much as 1100% in the next 5 years and more than 5400% by 2030.

So, Should You Buy Quant (QNT) Tokens?

Given its impressive past price action and growing optimism about its future performance, the majority of crypto analysts and investors are confident that Quant Token is worth buying.

Despite having been around for more than three years, analysts are convinced the Quant network is still in its developmental stages. They expect it to roll out more upgrades to its Overledger operating system, enter into strategic collaborations, and grow its community of supporters. These will go a long way in helping the altcoin sustain an uptrend, and they also confirm why the QNT token is a good buy.

The acceptance and adoption of blockchain technology are also picking pace, a move that crypto analysts believe will create demand for interoperability. This is, in turn, expected to help raise the demand and popularity of Quant’s Overledger network and QNT token prices. By buying QNT tokens today, you are not only adding one of the most potent altcoins to your portfolio but also helping make an interoperable cryptoverse a reality.

Why Is Quant So Popular Right Now?

In less than 12 months, Quant has shot from oblivion as a little know blockchain-less crypto project to one of the most popular and best-performing crypto assets. This is evidenced by the increased media coverage of Quant token and its growing community of supporters on multiple social media platforms, as well as its improved CoinMarketCap ranking, where it currently is listed as the 61st Most valuable crypto asset with a market cap of $1.7 Billion.

But why is the Quant token so popular today?

Here are three possible explanations:

Impressive price-performance: In 2021, Quant token’s price grew by more than 1600%, and at the moment, its overall ROI exceeds 9625%. This earned it a position among the best performing altcoins of the year, earning it a lot of investors and media interest who have been instrumental in fueling its popularity.

Interoperability craze: Today, the interoperable cryptoverse debate has dominated the crypto discussions on social and mainstream media. Given its innovative approach to creating an interoperable cryptoverse, Quant has found itself at the center of most crypto discussions and debates. Given the wide reach of these publications and debates, they have helped popularize the Quant network and QNT token.

Potential for massive future gains: Moving forward, virtually everyone expects Quant tokens to sustain their uptrend, outperform some legacy crypto coins, and rise to unprecedented heights. Take, for instance, some optimistic analysts expect QNT token’s value to appreciate by more than 5500%, while the most optimistic Bitcoin price prediction expects the pioneer crypto asset to only grow by about 2000% by 2030. This has sparked the attention of future-focused investors looking for the most potent long-term investments.

Check Out: Could Quant Be A Millionaire-Maker Coin?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Quant (QNT) Token Price History 2018 To 2022

Quant tokens started trading in August 2018 and had an introductory price of $0.27, according to data from CoinMarketCap. However, despite its hugely disruptive technology, it received a rather cold reception from the crypto market, seeing that it saw this value dip and set the current all-time low of $0.16 before the end of that month.

Though it recovered and started an uptrend, its growth was painstakingly slow, and this saw it record a depressing price action over the next two years. It, for instance, wasn’t until July 2019 that QNT tokens reached $10 and had to wait until January 2021 to double this price.

Among the many factors that crypto analysts attribute to Quant token’s depressing performance, three stand out. First was the lack of popularity for the interoperability concept in the crypto circles, the key blockchain challenge that Quant and its Overledger network seek to solve.

Secondly, Quant launched during the 2018 crypto winter, when the bear sentiments were reigning supreme, and virtually every crypto was dumping. And lastly, these two factors choked investor interest and trading volumes out of Quant token, which helped keep it trading at relatively low prices.

The token’s fortunes would, however, change in 2021 when the market started rallying and interoperability became the new buzzword. Having started the year trading at $11, QNT token prices shot to $20 before the end of January, $50 by May, and $100 by July. This uptrend continued, and in the first 10 days of September, Quant prices grew by more than 230% to help the altcoin set its current ATH of $428.

But the rally that saw Quant record such impressive gains in the last 12 months has since died, and bears have taken over the cryptoverse - which explains why Quant is trading at 65% below its peak price today.

Will Quant (QNT) Token Reach $1,000 In 2022?

It is not impossible for Quant tokens to rebound and reach $1,000 before the end of 2022. In fact, the majority of crypto analysts and investors expected QNT to storm into 2022 selling above $1,000 or,  at least, get here in the first few months of the year when it was rallying at the onset of the last quarter of 2021.

Today, however, especially after taking into account the prevailing bearish market conditions, analysts and investors have adjusted their forecasts downwards, and most do not expect Quant to hit this target price any time soon. The optimists can only see Quant token prices getting to $1,000 in 2025 while the rest believe it will get in the next 5 years.

Crypto analysts at Coinpedia, for example, indicate that there is a real chance that Quant could reach $1025 before the end of 2025. But there is a caveat. To get here, the crypto market must shake off the bears soon and embark on recovery, Quant must roll out more upgrades to its network, and enter into new and strategic partnerships.

Even the bullish crypto pundits at Coinquora do not think QNT will reach $1000 in 2022. At best, they can only see it reach above its current all-time high and reach $500 before getting to $700 in 2023 and breaking above the target price in early 2025.

Having looked at Quant tokens past price action and understanding why it is a good buy today, we need to find the best place to buy some QNT altcoins.

Don't Miss: Why Quant Will Skyrocket

How To Easily Buy Quant (QNT) On eToro?

We recommend buying Quant tokens on eToro because it is not only a very user-friendly trading platform. It also maintains highly competitive trading fees and even provides every user with a free eToro digital wallet. To help you get started, here is a step-by-step guide on how to buy your first QNT token on eToro.

Step 1: Start by creating a user account on eToro and verifying your identity.

Step 2: After the account trader account is approved, deposit funds into the account. The minimum deposit amount on the platform is $200 (or $50 for eToro.US users).

Step 3: Navigate to the DISCOVER tab on your user dashboard, select CRYPTO, find QUANT (QNT) from the list of supported crypto assets, and choose the BUY option.

Step 4: On the pop-up window, customize the trade by entering the amount of QNT you wish to buy.

Step 5: Click the OPEN TRADE button to complete the purchase.

That’s it. You now are a Quant token investor. The tokens will be delivered to your eToro trader account, but you can freely move them to the free eToro mobile wallet app from whence you can send them to other wallets or crypto exchanges. 

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.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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