Instead of referring to itself as a blockchain, the people at Quant refer to their protocol as a Distributed Ledger Technology or DLT. Overledger (another name for Quant) professes to have three fundamental features. One, the universal interoperability. Various blockchains need to be connected as a forex exchange. Overledger endeavors to create something similar using their unique architecture. The second is that it is enterprise-oriented. This means the protocol has an overall view of every regulatory standard and its user-friendly interface and availability can be conveniently be installed to any IT setup. Lastly, it is a technology of the next generation. For transition to DLT employment for operations, there needs to be a proper convenient medium. Overledger plans to do that.
From this, we can understand that QUANT is a business-friendly DLT. The prospect of this whole coin rests on how it enables its business to use multiple kinds of blockchains and get considerable dividends to the investment made.
Recently, Quant has had a recent spike in its growth. The upward climb started from the second of February. The most probable culprit seems to be the new Overledger update. This update is going to enable Quant to make smart contracts. Quant wants to connect the various DLTs, essentially aiming to become a gateway.
The update had other new features as well such as making a credit transfer to initiate a QRC20 token payment, starting a debit transfer, and the pre-approval of a debit transfer.
Price Movement – Quant
At the time of writing this article, the current value of QNT is $125.01 with a total trading volume of $159,937,252, an increase of over 164.58% over the past twenty-four hours. The circulating supply of QNT is 12,072,738 out of the total supply of 14,612,493. Due to the new update, the price QNT is fluctuating quite a bit. Just in the last twenty-four hours, the lowest value of the coin has been $106.33 and the highest value has been $143.77. About three days ago, the value of the coin was under $100.
The 58th ranked coin has good prospects. Digital Coin Price predicts that by the end of 2022, the coin is going to have a price of $175.85 and by the end of 2025, a price of around $279.18. Wallet Investor has been more generous with its forecast as it predicts a price of $303.521 by the end of 2022 and its price to be around $1138.970 by the end of 2026.
