Why Quant Is Going To Explode In 2023

Quant, the advanced interoperable blockchain, has been skyrocketing. Find out why.

Last Updated January 5th 2023

7 Min Read

With thousands of blockchains available in the market today, interoperability has become a crucial issue, preventing wide adoption by enterprises. While several distributed ledger technologies (DLT) claim to offer numerous use-cases, they still lack interoperability among the internal ledgers and external networks. This is where the Quant networks come in. It is a protocol solely focused on advanced interoperability whose token QNT has been skyrocketing for a while.

Let us see why Quant is going to explode in 2023.

Is QNT Price Set For A Massive Rally In 2023?

Quant is one of the top altcoin projects in the DeFi space today.

The primary goal of the project is to bridge the blockchain’s ‘missing link.’ It was designed to help enterprises integrate and operate DLT seamlessly.

The Quant Overledger Operating System creates a network between enterprise permissioned blockchains, public decentralized, permissionless blockchains, and existing networks. The Overledger is the backbone of the Quant network and was specifically designed to eliminate current blockchain limitations and enable interoperability between ledgers and existing networks.

Apart from its fundamentals, several factors push the value of Quant QNT to explode in 2023. Here are some of them.

#1: QNT’s Growth

QNT is an ERC 20 token built on the Ethereum blockchain. Despite that, Quant is blockchain agnostic and can be easily swapped to any other blockchain. As a result, the price of QNT has been on a significant rise over the past few years, grabbing investors’ attention.

Moreover, QNT is the fuel behind the Quant Network. Users should hold a certain number of QNT tokens to use the application. Buying and holding QNT is necessary for users to enjoy all the services that the Quant platform offers. With the increasing adoption of the network, there would be a significant appreciation in the price of QNT, too, making it a good buy now.

#2: Significant Features Of Quant Network

Quant’s advanced ecosystem permits developers and enterprises to build Multichain Applications (MApps) for users. Unlike dApps, which are built on single chains, MApps are built on multiple chains, and the chains can be moved easily whenever required. The significant feature of Quant network is that it provides enterprise-grade multi-DLT Oracle functionality, with a horizontally scalable 'network of networks where the ecosystem will grow tremendously.

Moreover, Quant enables the creation of new assets on any connected distributed ledger and does not require any coding. The technology is simple and cost-efficient for industries like fishing fleets, dairy producers, and wineries. Quant has completely dedicated itself to the cause of data processing and has its hands in real-world applications like smart homes, space exploration, real-time data storage, smart grids functions, smart charging, and many more.

Additionally, through Quant’s partnership with Oracle, the network delivers financial service infrastructure to all Oracle clients. Almost all top banks in the world use Oracle. But Quant has been selected as one of the three companies as a Fintech Partner for Financial Services Infrastructure, which is, indeed, a significant milestone for the cryptocurrency platform.

#3: The Overledger Network

The Overledger network is a significant technology behind the Quant network. It is responsible for securing the exchange of data and value using Quant. The protocol archives this by utilizing the Overledger Gateway. The Overledger DLT Gateway is one of the first DLT interoperability protocols that is designed to service large enterprises. Companies of any size can enjoy interoperability across different systems, DLTs, and networks.

In addition to this, Quant’s advanced Overledger DLT Gateway facilitates smart contracts to be written in any programming language on any DLT Overledger Gateway.

#4: Why Quant Is Going To Explode In 2023?: Expert Predictions

Digital Coin Price:

“Based on our QNT price predictions, we predict that the coin price might cross $187.55 by the end of 2021. Users may include Quant in their portfolio at the current price range to gain massive returns in the future.”

Icocreed:

“As per the forecast price and technical analysis, In 2023 the price of Quant is predicted to reach at a minimum value of $333.09. The QNT price can reach a maximum level of $415.78 with an average trading price of $345.70.”

Wallet Investor:

“Quant price has a promising future for value along with high risk and volatility. It may get marginally impacted and corrected towards support levels, but bulls will be back, and around 2023, its price may skyrocket at an all-time high to $587.63, making investors buy Quant.”

Don't Miss: Quant Price Predictions

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Factors That Drive QNT To Explode In 2023

Along with its core technology, an array of partnerships has also pushed the value of QNT to new highs.

1. Series Of Partnerships Over The Years

The Quant Network has entered into a host of partnerships since its inception in 2018. These powerful coalitions have supported the network and pushed the growth of QNT tokens. Let’s look into a few of these partnerships.

The Quant Network has partnered with Amazon’s AWS Partner Network (APN) to provide flexibility, scalability, and reliability to the users utilizing AWS Cloud. In addition, the network has also collided with the EU’s International Association for Trusted Blockchain Applications (INATBA), helping authorities implement and adopt distributed ledger technology.

Moreover, Quant is also a guarantor of Pay.UK, the leading retail payment authority in the United Kingdom. People and businesses use their services to receive their salaries and make online or mobile banking payments.

Yet another notable partnership of the Quant network is with AUCloud. It gives Quant the access to work with the Australian government and its Department of Defence. Moreover, Quant has also collaborated with MIT, the US government, Intel, Juniper, and telecom and payment companies to help create the Open Digital Asset protocol (ODAP).

According to the team, Quant will have more partnerships in the coming years, expanding its reach to numerous niches in the market.

2. The Release Of Overledger 2.0.5

One of the major reasons behind the impressive rally of the QNT token has been the release of Overledger 2.0.5. An upgrade to its DLT gateway has enhanced the network’s efficiency, eventually leading to its widespread adoption. Furthermore, the protocol’s release has been a critical milestone in bridging institutional and enterprise ecosystems with stablecoins, DeFi, NFTs, and popular ERC 20 and ERC 721 digital assets.

Moreover, the Overledger Payment API supports clearing and settling between different digital assets and stablecoins. By combining lending and staking products with several new settlement options, it collateralized NFTs with stablecoins. The new version will also provide the ability to conduct multi-DLT DeFi payments.

3. Partnership With LCX To Enable DLT Interoperability

Liechtenstein Blockchain Innovator LCX had a strategic partnership with the Quant Network. By signing a memorandum of understanding, they have entered into a long-term commitment. With the partnership, LCX and Quant aim to leverage each other’s legal and technological infrastructure to manage the next evolution in the Quant ecosystem. Moreover, Quant will eventually integrate LCX to become a Network gateway at the Overledger Network.

Gilbert Verdian, the Founder and CEO of Quant, “We aim to utilize this partnership with LCX to demonstrate the immense value of interoperability for the financial services sector. We’ll combine and interconnect different blockchains to unlock value for our users and provide additional value to the fast-growing LCX ecosystem”.

Why Quant Is Going To Explode In 2023

Investing in Quant now could help you generate massive returns over the long run.

The Quant project has the potential to be a great store of value and a profitable long-term investment. However, Quant has positioned itself as the top platform that has solved issues of interoperability successfully. As a result, the network is leading innovation and blockchain adoption across enterprises, making QNT a good buy now.

Thanks to its advanced, incredibly secure, flexible, and compliant technology, the network can operate even in the most sensitive networks. Now the team has also laid the foundation for Overledger to the global infrastructure for CBDCs. The Quant team is also planning to broaden its network’s reach to various market sectors like healthcare, supply chain, and financial services. For example, it has already introduced an application known as Quant Health, used by healthcare institutions to track electronic health records.

So far, the team has achieved numerous milestones in a very short period. Moreover, the team behind this altcoin has a big vision and has plans to expand the use of Overledger, giving Quant Network an advantage over its competitors. With the increasing adoption of the network, the price of QNT will eventually explode to record highs in the coming years.

Check Out: Why Quant Will Skyrocket

The Bottomline

One of the biggest strengths of the QNT cryptocurrency is the experienced and dedicated team behind it. It has attempted to address the blockchain interoperability issues without involving any complicated software. As experts predict, Quant is going to explode in 2023 as it is the next level of technology that offers both individuals and institutions an equal opportunity to use the full potential of blockchain technology.