This year has been a tough sail for Quant since May 2022, when Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations. Subsequently, the chain of the unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of QNT.
With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for Quant to reclaim its all-time high in 2023? Continue with the article to learn about Quant price analysis and prediction by Coinpaper.
Read also: Polkadot Price Prediction 2023. Should I buy DOT?
What is Quant?
Quant Network is a blockchain interoperability network and operating system that aims to connect the world’s blockchains and unlock the full potential of the technology. Quant's main product is its blockchain operating system called Overledger, and a suite of enterprise blockchain solutions built around it. The Overledger OS allows devs to build multichain decentralized applications called MApps. To use the network, one should hold a certain amount of QNT tokens, which is used to access and pay for services provided by the platform. These services include creating and deploying MApps, accessing data from different blockchains, and executing smart contracts across multiple chains.
Quant (QNT) price
Currently, Quant Price is USD. QNT has a circulating supply of coins and a total supply of . If you are looking to buy or sell Quant, Binance is currently the most active exchange.
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Quant price prediction 2023
The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.
According to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.
Another market factor that should be taken into consideration is how successful will be the U.S. Federal Reserve’s efforts to curb inflation. For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy — on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets.
Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish Quant 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see Quant price at $150 to $164. On the flip side, the unfavorable macro and ongoing FTX bankruptcy process may push the price of Quant to $125-$105 lows.
Quant price prediction 2024
In 2024, the global macroeconomic backdrop is likely to be more favorable to the crypto market, adding value to Quant (QNT) and other cryptos. However, the possibility of black swan events similar to the collapse of FTX cannot be completely ignored.
Keeping this in mind, we foresee the price of Quant to climb as high as $189, with the more distant prospect of reaching $207 in 2024. The bearish scenario is likely to see Quant (QNT) trading between $161 and $144 in 2024.
Quant price prediction 2025
Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our Quant (QNT) price analysis and prediction is based on pure speculation and observation of Quant historical price movements.
Our Quant 2025 price forecast expects QNT to rally towards $267 and reach $311 by the end of the year. The bearish scenario would see Quant at $227 to $202.
Quant (QNT) price prediction 2026
Looking ahead four years, to 2026, Coinpaper's price prediction for Quant is decidedly bullish. In 2026, we expect Quant to reach at least $386 before climbing higher to $425. In case of bearish scenario, Quant may fall to $308.
Is Quant (QNT) a good investment?
With continued developments taking place within the Quant ecosystem, its solid use case, established market position, and institutional backers, QNT token can be a nice addition to your “crypto infrastructure” portfolio. However, keep in mind that investing in any cryptocurrency carries a high degree of risk, so make sure to do your own research before putting your money into QNT token.
Are you ready to invest in Quant? Very few if any analysts forecast its value going down to zero, although you can’t be sure these days, so make sure you always do your own research before making investment decisions. And keep in mind that cryptocurrency prices can be extremely volatile, so trading crypto always involves a high degree of risk.
You can buy QNT from many crypto exchanges, including Binance
Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.
Who created Quant?
The Quant Network's founders are Gilbert Verdian, Colin Paterson and Paolo Tasca.
What was the all-time high for Quant (QNT) ?
The all-time high price of Quant is $ on 2021-09-11