One of the simplest ways to make money from cryptocurrency investing is to buy a coin when the price is low and wait till it goes up before selling. Patient investors can wait for years before selling their digital assets, and sometimes, the strategy yields exceptional profits because the prices of most successful digital currencies continue to climb with years.
While there are several cryptocurrencies that have made investors rich after several years, there are some that have made people lose their money. The market is very volatile, so some coins may lose value with time instead of gaining. The key to succeeding with this strategy is understanding the coins that have the potentials to explode in the future.
Are you planning to invest in Quant with the hope that it will make you rich in ten years? Then you need to understand the coin better and consider how well it is likely to perform in the future. Ten years may be a long time, but there are ways we can take a peek at what the future holds for a particular digital coin, and we will do that with Quant.
As you should know, the key question that forms the topic of this blog post doesn’t deserve a “Yes’ or “No” answer. There is a need to discuss Quant in a manner that will help us understand how it is likely to perform in the future. It is essential, therefore, that you read through carefully to get all the information you need to make a good decision about long-term Quant (QNT) investment.
Content:
- What Is Quant?
- How Does Quant Work?
- How About the Quant Token?
- Is Quant A Good Investment?
- Will Quant Make You Rich In 10 Years?
- Price History Of Quant
- Recent Performance And Current Standing of Quant
- Quant Price Predictions
- Where Will Quant Be In the Next 10 Years?
- Weighing the Pros and Cons of Investing In Quant
- Should You Play The Long-Term Game With Quant?
- Final Words
What Is Quant?
Quant is a special cryptocurrency project launched to solve the problem of interoperability by creating an operating system for blockchains. It is one of the very first projects to tackle the problem of interoperability in a unique way. The Overledger operating system is Quant’s Network’s flagship product and the backbone of the entire ecosystem.
Quant was created after the cofounder noticed that the fractured world of distributed ledger technology (DLT) can solve many more problems if there was a way for networks to communicate seamlessly. Quant was successfully launched to bring universal interoperability to the industry through Overledger, which also serves as a DLT gateway. The ecosystem allows different entities to connect and interact in the digital space without having to build their individual infrastructure from scratch.
Unlike many cryptocurrency projects that offer a single service, Quant offers multiple services to individuals and businesses, including the ability to exchange digital assets across its secure and cost-effective network. This way, it becomes easier for entities to settle transactions mutually. The network has been widely adopted primarily because it is technologically agnostic, meaning that users are not restricted to a single tech solution but can take advantage of several blockchains, networks, applications and more.
It is important to conclude that Quant can also be described simply as a cryptocurrency. It has a native currency that serves as the payment and validator token of the network. The Quant token is an ERC-20 token built on Ethereum, but its use is not restricted at all. In addition to serving as the payment and validator token of the ecosystem, it is an investment vehicle that is traded on many cryptocurrency exchanges and related platforms.
Read More: What Is Quant? Should You Invest In QNT And Where To Buy It?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How Does Quant Work?
As mentioned already, Overledger is Quant’s flagship product and the backbone of the network. It is a DLT gateway that allows individuals and businesses to obtain a variety of tech solutions from the ever-expanding blockchain universe.
Quant works by allowing different blockchains, networks, DAG and applications to communicate and exchange data. It is designed in a manner that allows different interactions to happen at different app layers. This implies that transactions, messaging, filtering, and ordering all happen at different app layers. It also allows developers to create multi-chain applications (MApps) that serve individuals and businesses.
Quant's utilizes a modular architecture that doesn't allow interactions with the various ledgers at the application layer. Since the system operates above the networks, it effectively serves as an off-chain solution. It is also designed to work with current and future blockchains, making it future-proof. It also enjoys vertical scalability.
How About The Quant Token?
As stated earlier, Quant has a native currency that serves as the payment and validator token. Of course, this is the primary investment vehicle we are considering in this article. The goal is to determine whether this digital asset can make you rich in ten years. It is critical, therefore, that you learn more about this token before we start considering whether it is a good asset for long-term investment.
Quant is an ERC-20 token, meaning it is built on Ethereum. It should be noted that it was not released on Ethereum because its network cannot support a token. Rather, it is on Ethereum because of the robust nature of the platform and the need to connect easily with other cryptocurrency projects in the DeFi sector and beyond.
Quant trades under the ticker symbol “QNT”. It is available across major cryptocurrency exchanges and other supported platforms. It is an all-important asset for developers who intend to create solutions on the Quant ecosystem.
Is Quant A Good Investment?
It is easy to tell that Quant is an incredible cryptocurrency project. It was created to change the narrative in the blockchain universe and has done a lot in this regard. It has been adopted by many individuals and businesses and is considered future-proof. But does that mean that Quant (QNT) is a good investment?
The exploits of a cryptocurrency project are only a part of the reasons to consider it as a good investment. You need to look at how the coin has performed so far and also consider its current position in the crypto market as well as future predictions before coming to a conclusion. We will discuss every important thing you need to be sure that Quant is a good investment.
Will Quant Make You Rich In 10 Years?
Predicting the future of some cryptocurrencies can be very challenging. Of course, ten years is a long time to make a prediction on a market that is majorly based on speculations. However, there are coins that are more valuable to both blockchain enthusiasts and the general public. Such coins always perform well in the long run, and Quant is one of such.
As mentioned already, Quant was built to work with current and future blockchains. The implication is that the network will continue to be relevant for years to come. Quant has also secured several partnerships that have placed it at the forefront of valuable digital platforms. Again, the company is always improving its services and offerings, meaning that the value of the token will continue to improve.
To be fair, no one can declare with certainty that Quant will make you rich in ten years. However, the coin has everything it takes to make investors rich in the next ten years or way before that. We will proceed to look at its past, present, and future, but you should know at this point that it has the potentials to make you rich in ten years or less.
Price History Of Quant
Quant was launched through an ICO in May 2018. The token sale happened between 1 May and 11 May with the company accepting only Ethereum as the only means of buying the coin. At that point, the token was priced at 430 QNT to 1 ETH. At that point, ETH was trading for about $370 per token. That means the launch price was less than $1 per QNT.
As of 30th June 2018, QNT was trading for $0.583 per token. By 16th August, it was going for as low as $0.243. It reached an all-time low of $0.1636 on 23rd August 2018. Quant crossed the $1 towards the third week of September 2018 – traded for $1.12 on 18th September. Quant started gaining value in October 2018, reaching $3.28 on the 28th. It dropped again towards the end of December, selling for about $1.69 on the last days of 2018.
On 1st January 2019, Quant traded for $2.14. It fluctuated throughout the month, closing the last day at $2.09. February saw the coin gain value in the first two weeks. It traded for $4.50 on 14th and dropped to about $3.97 on the 28th. Throughout March and the first week of April, the price was in the $3 region. From the second week of April, it traded for between $2 and $3. May was more of the same.
Quant reached $5.80 on the 21st day of June 2019. By the 19th, it had climbed to $13.43. The bullish trend lasted for several weeks before the coin dropped again to about $7.74 on 3rd August. It dropped further during the last few months of the year. By 19th December 2019, it was trading for $3.70 per token. It finished the year at about $3.67 per token.
Quant started 2020 almost the same way it started 2019. On January 3rd, it traded for $3.50 and was able to reach $4 by the end of the month. It dropped to about $2 in March and recovered in late April to trade for an average price of $4.5. By June 3rd, QNT traded for $6.87. It reached $8.64 on 6th July and climbed further to about $10.02 on 15th August 2020. The bullish trend continued as QNT traded for $15.32 on 27th October. It eventually finished 2020 at $11.68.
2021 was a remarkable year for Quant (QNT). By January 4th, it was trading for $11.09 but by 2nd February, it had reached $33.70. By February 20th, QNT traded for $45.14. It fluctuated throughout March and April, but by 14th May, it traded for $56.10. By July 8th 2021, Quant traded for $78.51 per token. By the end of July, it was reaching for the $100 mark.
August 2021 marked the beginning of Quant's exploits in the cryptocurrency market. By the 2nd day of the month, QNT was trading for $172.97 per token. It traded for an average price of $150 in mid-August but climbed to $196.22 on 28th August and finished the month at $183.19.
September was a memorable month for Quant. By 4th September, it was trading for $187.45 but quickly climbed to about $331 on 7th. By 11th September, QNT reached an all-time high of $428.38. It dropped rather sharply afterwards, finishing the month at about $279.49.
Afterwards, Quant performed relatively well, though it didn't go close to the height it reached in the second week of September. On the 3rd of October, it traded for $321.13. By the 17th, it had dropped to $309.17. The last few days of the month saw the coin trading for an average price of $282.
On November 1st, Quant traded for $282.79. It dropped further to $262.42 on the 8th. By 15th November, QNT had dropped to about $271.19 per token. It dropped further to $225.98 on the 19th. Quant finished 2021 with a price of $178.33.
Recent Performance And Current Standing Of Quant
Quant's value in the beginning of 2022 was $179.16 but since then the coin has dropped, affected by the bearish crypto market conditions.
At the time of writing this piece, Quant was trading for $144.65 per token with a 24-hour trading volume of $92,201,664. In the previous 24 hours, it had recorded a low price of $144.65 and reached a high price of $159.52. QNT’s market capitalization is $1,746,324,914, making it the #61 ranked cryptocurrency in the world. There are currently 12,072,738 QNT in circulation, and this is approximately 83% of the expected total/maximum supply of 14,612,493 QNT.
Quant Price Predictions
To understand how well Quant will perform in the future and get a clearer view on whether it can make you rich in the next ten years, you need to consider its price predictions. Though it is often challenging to determine the future prices of cryptocurrencies, many websites have been doing that successfully with some coins. Price predictions are generated through technical analysis and the use of an algorithm.
Wallet Investor is one of the most respected websites when it comes to future prices of cryptocurrencies, and it is positive about the future of Quant. It predicts that the coin can be worth as much as $369.42 by the end of the year. In five years’ time (2027), it predicts that QNT will trade for as high as $1,348.47 per token.
Digital Coin Price also feels positive about the future of Quant, though not as optimistic as Wallet Investor. According to its recent predictions, Quant will be worth about $200.03 in 2022. It also predicts that the coin will reach $220.16, $313.31, and $338.38 in 2023, 2024, and 2025 respectively. In the next seven years (2029), it predicts that the coin will reach $620.44.
Trading Beasts, unsurprisingly, is the one prediction site that is not enthusiastic about the future of Quant. According to its latest predictions, QNT will record a minimum price of $126.5 and a maximum price of $186.03 in December 2022. By December 2023, it predicts that the Quant coin will record a minimum price of $116.19 and a maximum price of $170.87. For December 2024, it predicts that QNT’s minimum price will be $117.63 while the maximum price will be $172.99.
Don't Miss: Quant Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Where Will Quant Be In the Next Ten Years?
From what we have discussed so far, it is easy to tell that Quant may have a very bright future ahead. In the next ten years, the coin can become a lot more valuable than it is. From the price history, it is easy to tell that it is just as volatile as any other cryptocurrency out there. However, you can notice that the price will always rise to surpass its previous high point, even after dropping for weeks or months.
Ten years is a long time to accurately predict where Quant will be, but there is a good chance that the token will be worth thousands of dollars. It has the potentials to exceed $5,000 in ten years’ time. In just three years, Quant Return On Investment has exceeded 9,625%.
Weighing the Pros and Cons of Investing In Quant
If you have followed this article carefully, you may have made up your mind to invest in Quant. There is no need to rush, however. It is always important to consider the merits and demerits of any meaningful investment option before you, and we are briefly going to highlight the pros and cons of investing in Quant straightaway.
Pros:
✅ Quant is one of the most important cryptocurrency projects in recent times – it solves important problems and helps the blockchain industry to advance.
✅ Quant is not in competition with any other cryptocurrency network, rather it allows other networks to work together in a seamless manner.
✅ Quant has a robust infrastructure and a supportive ecosystem that is loved by developers, businesses, and regular cryptocurrency enthusiasts.
✅ Quant provides multiple services to individuals and businesses.
✅ Quant has been adopted by many businesses across different industries, including healthcare.
✅ Quant is designed to serve both present and future blockchains, meaning it is a project for the presence and the future.
✅ Quant makes the development and launch of multi-chain applications (MApps) easy, and its App Store is bubbling already.
✅ Quant is always improving its services and offerings, which is why the network is growing continuously.
✅ Quant has partnered with several notable entities, and its partnership relationships are helping to improve its reputation and the value of the token.
✅ The Quant token has performed relatively well in the past three years. It has generated ROI to the tune of 9625.71%, according to Coin Market Cap.
Cons:
❌ Quant, like every other cryptocurrency, is a volatile asset – this means that it is a risky investment.
❌ Quant is relatively expensive at the moment, though the current price is still nothing to compare to what the price can be in ten years’ time.
Should You Play The Long-Term Game With Quant?
From what we have covered so far, you can tell that Quant is a highly valuable cryptocurrency project. You can also conclude that the token is a valuable asset in the cryptocurrency universe. Though it is volatile, it is still a potential millionaire-maker. But does that mean you can play the long-term game with the coin?
To put it in straightforward terms, Quant (QNT) is a good coin for long-term investment. So, you can play the long-term game with the token. The coin has the potentials to make you rich in ten years, but you should throw caution to the winds when investing in the volatile cryptocurrency market.
Final Words
Though it is difficult to tell what will become of a relatively new cryptocurrency, it is somewhat simple to identify a project with potentials. Quant has potentials, and there is a good chance that it can make you rich in ten years.
As we have stated already, the cryptocurrency market is risky and volatile, so you should be careful when investing in any crypto asset, including Quant. We will always advise potential traders/investors to invest only what they can lose.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.