![]() In the case of QNT, the fact that this cross is occurring in the context of a sharp crypto winter is even more compelling. Mid-term moving averages tend to be crossed when market participants feel positive about an asset’s future upside potential. If that happens, that would be a major buy signal as long as the price remains above that threshold. ![]() ![]() Should Investors Buy QNT?įrom a technical perspective, QNT is attempting to break above its 200-day simple moving average at the moment. Even though the asset was initially designed as an ERC-20 token it is considered blockchain-agnostic, meaning that it can be easily transferred by using other networks by using Quant’s Overledger API. QNT is the native token that powers the Overledger network. Governments increasing interest to launch central-bank-backed digital currencies – also known as CBDCs – is particularly positive for projects like Overledger as their API would enable these institutions to tokenize their fiat currency and make it available to be traded in virtually any blockchain, whether that is Ethereum, the Binance Smart Chain, or Polygon. Quant (QNT) achieves this goal via its Overledger gateway, which offers a single entry point to any blockchain or other distributed ledger.īoth companies seeking to migrate their operations to a decentralized ledger or developers looking for a way to build apps that can be supported by multiple chains can rely on Quant’s solutions to achieve their goals. The Quant Network has the mission to foster the interoperability of blockchains by creating an API-like network that can assist enterprises in the creation of tokens, the development of cross-chain applications, and other similar initiatives. Quant & partner to establish a new interoperable financial infrastructure for tokenised currencies, & improve social & financial inclusion in the LAC region, supported by #Interoperability #DLN #DLT /24hHMOFS9w Quant network upgrade#However, the token has recovered significantly lately and this appears to coincide with a non-customer-facing maintenance release implemented on the project’s Overledger network.Įven though the release said that no APIs, features, or changes were made to the user’s experience, the value of the asset has leaped significantly since that upgrade was made.Īside from that, some minor announcements were made in late June that including updates on the project’s collaboration with the LACChain’s initiative and the introduction of the beta phase of the Overledger Tokenise premium API developed for the creation of interoperable crypto assets. However, that did not prevent the token from falling off a cliff this year amid the crypto winter, losing as much as 76% of its value at some point after hitting yearly lows of $42.5 per coin. ![]() ![]() QNT may have started to pop up on major investors’ radars on 23 June last year after the token was listed on Coinbase. Is this rally signaling the beginning of a long-term uptrend for QNT or is this a bear market rally? What Has Happened with Quant? Nearly 83% of QNT’s maximum supply has already been minted and buying interest appears to be on the rise. Quant network how to#
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