Quant brings an interesting proposition to the blockchain space. In the bull run of 2021, the cryptocurrency market exploded. The space was looked upon with skepticism by major players in the global financial ecosystem but the 2021 bull run brought a lot of those players to its side. Now some of the big names like Goldman Sachs and high-profile figures like Mark Cuban has pledged their support to the cryptocurrency space. With that said, the blockchain space is far from ready for a mass scale adoption with some inherent problems that need to be immediately addressed.
What is Quant and why is it needed?
One of the major problems that the blockchain space is facing in the lack of interoperability. Blockchain is essentially an accounting ledger that is completely automated. With all its pros, one of the cons is that each blockchain is a universe of its own with its own native token. Blockchains cannot communicate with each other; hence, the transfer or data or digital assets. This is a problem because the market is now flooded with specialized blockchains addressing a specific problem. With the lack of connectivity, the technology is not utilized to its full potential.
Many cryptocurrencies were launched to address the problem of interoperability but Quant takes a unique approach to the problem. Quant presents the first operating system for blockchains to increase interoperability.
Quant (QNT) is the native token of the blockchain with the same name. At the heart of the network lies Overledger operating system. Overledger allows businesses and developers to build their own decentralized multi-chain application (MApps) which creates seamless connectivity between blockchains as well as with external networks. The technology allows blockchains to interact with each other without compromising their individual sovereignty. The seamless technology is poised to boost the adoption of cryptocurrencies and blockchain as it cuts cost, decrease the need of complex infrastructure and making the system more efficient.
What is the future of cryptocurrency?
Quant is one of the leading cryptocurrencies in the market. By market capitalization it stands at a rank of fifty-five currently. The coin has a strong footing in the market which makes it a good investment prospect. Moreover, it also enjoys the first-mover advantage being the first operating system in the blockchain space. With the increase in the adoption of cryptocurrencies, the use-case of Quant will become even more integral. The strong fundamentals boost the future outlook of the coin.
According to the estimates of Wallet Investor, the cryptocurrency will be operating at a price level of $315 in a year’s time while the price is expected to reach $842 in five years’ time. Digital Coin Price is also bullish on the cryptocurrency and projects a price of $283 by the end of the year. Per their projections, Quant will stand at $658 by 2026.
