Home / Price Predictions / Quant Price Prediction 2024: QNT Price Analysis

Quant Price Prediction 2024: QNT Price Analysis

Last Updated July 8, 2024 10:59 AM
Giuseppe Ciccomascolo
Last Updated July 8, 2024 10:59 AM

Key Takeaways

  • Quant has experienced notable volatility since the beginning of 2024.
  • Its QNT token price has decreased in 2023 and early 2024.
  • One price prediction says QNT may reach $183.88 next year.

Quant (QNT) has exhibited volatility since the start of 2024 as bulls strive to reclaim dominance over its value. The overall sentiment toward the Quant price remains bearish as buyers must assert control over the market for sustained momentum.

On the other hand, at the support levels of $100 and $90, bullish investors may find enticing opportunities.

On July 8 2024, Quant was worth about $71.68.

Quant did not respond to a request for comment

Let’s take a look at our own Quant price predictions, made on July 8, 2024. We will also examine the Quant price history and talk a little about what Quant is and what it does.

Quant Price Prediction

Let’s examine some of the Quant price predictions CCN.com made on July 8, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.

Minimum QNT Price Prediction Average QNT Price Prediction Maximum QNT Price Prediction
2024 $63.70 $143.96 $155.76
2025 $152.18 $179.57 $183.88
2030 $478.12 $520.22 $531.35

Quant Price Prediction for 2024

If the positive momentum continues and QNT breaks above its moving averages, it could reach targets between $63.70 and $155.76 by the end of 2024, with the average price set at $143.96.

Quant Price Prediction for 2025

Technical analysis suggests a potential increase for Quant in 2025. The minimum QNT price expected for 2025 is $152.18 while the maximum one is $183.88. On the other hand, the average forecast suggests it may reach $179.57.

Quant Price Prediction for 2030

Based on technical analysis, the QNT token may reach a maximum level of $531.35 at the beginning of the next decade, while, in the worst scenario, it may go to $478.12. Meanwhile, the average expected price is $520.22.

Quant Price Analysis

Quant technical analysis
Quant technical analysis. l Source: Giuseppe Fabio Ciccomascolo/InvestTech

QNT is experiencing weak performance within a declining trend channel over the medium to long term, signaling increasing pessimism among investors and suggesting further declines.

The price chart lacks support, indicating potential for further drops. However, in the event of a positive reaction, the token faces resistance at 85.00 points.

Additionally, the RSI shows a positive divergence from the price, indicating a potential upward reaction.

Short Term Quant Price Prediction

Quant price prediction for the next 24 hours shows the price to decrease by 7%, then falling further to reach $64.58 by August 7, 2024.

Technical indicators currently show a Bearish sentiment, and the Fear & Greed Index is at 28. Over the past 30 days, Quant has had 13 out of 30 (43%) green days with a price volatility of 5.78%.

Based on this forecast, it is currently a poor time to invest in Quant.

Quant Fear & Greed Index

Fear and greed indicator
Fear and greed indicator. l Source: BitDegree

The Fear & Greed Index measures the market sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed). It aggregates factors such as volatility, market momentum/volume, social media activity, dominance, and trends to provide a sentiment overview. Extreme fear can suggest investors are overly worried, potentially presenting a buying opportunity, whereas extreme greed indicates excessive bullishness, often signaling an imminent market correction. On July 5, 2024, the Fear & Greed Index Measured 28, suggesting it’s in a fear zone, while the indicator for the wider crypto world is at 50, reflecting a Neutral view.

Quant Relative Strength Index (RSI)

Quant RSI
Quant RSI. l Source: Giuseppe Fabio Ciccomascolo/TradingView
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish. On July 8, 2024, the Polkadot RSI was at 31, indicating a bearish sentiment and leaving it somewhat oversold.

Quant Price Performance Comparisons

Current Price One Year Ago Price Change
Quant $71.68 $102.5174 -31%
Hedera $0.06774 $0.04711 +42%
XDC Network $0.0288 $0.03197 -8.7%
Internet Computer $7.20 $4.0329 +77%

Quant Price History

Following that, let’s now take a look at some of the key dates in the Quant price history  . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Quant price prediction.

Quant price history
Quant price in 2023 and 2024. | Credit: CoinMarketCap

 

Time period Quant price
Last week (July 1, 2024) $79.2950
Last month (June 8, 2024) $85.2069
Three months ago (April 8, 2024) $120.22
One year ago (July 8, 2023) $102.5174
Launch price (August 11, 2018) $0.2524
All-time high (September 16, 2021) $366.78
All-time low (August 11, 2018) $0.2524

Quant Market Cap

Quant market cap history
Quant market cap in 2023 and 2024. | Credit: CoinMarketCap

The market capitalization, or market cap, is the sum of the total number of QNT in circulation multiplied by its price. On July 8, 2024, Quant’s market cap was $865.2 billion, making it the 72nd-largest crypto by that metric.

Who Owns the Most Quant (QNT) Tokens?

On July 8, 2024, one wallet held 21.01% of QNT’ supply.

Richest QNT Wallet Addresses

As of July 8, 2024, the five wallets with the most Quant tokens were

  • 0x4a220e6096b25eadb88358cb44068a3248254675. This wallet held 9,550,506 QNT, or 21.01% of the supply.
  • 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet held 672,200 QNT, or 1.48% of the supply.
  • 0x48e9af81fb93d144ad4683fcf219974c8304a170. This wallet held 625,776 QNT, or 1.38% of the supply.
  • 0x826678ad6b1aaa5e1f20e079333d9b66ab22d78b. This wallet held 622,807 QNT, or 1.37% of the supply.
  • 0x7e8bada55b156a03378ad1bab48039e4f88e594c. This wallet held 416,671 QNT, or 0.92% of the supply.

Quant Supply and Distribution

Supply and distribution Figures
Maximum supply 14,881,364
Circulating supply (as of July 8, 2024) 12,072,738 (81% of maximum supply)
Holder distribution Top 10 holders owned 30% of supply, as of July 8, 2024

From the Whitepaper

In its technical documentation, or whitepaper , Quant says the project is built as an operating system distributed ledger technology – and Overledger Network – for connecting different blockchain networks. The project is billed as the first OS to be built for blockchains.

It said: “The main aim of Quant – using Overledger – is to bridge the gap that exists between different blockchains. The backbone of the project is the Overledger network, which Quant bills as the ecosystem on which the future digital economy ecosystem will be built. Overledger allows developers to build decentralized multi-chain applications (known as MApps) for their customers. For developers to build a Mapp on the network, they must hold a certain amount of Quant tokens (QNT).”

Quant (QNT) Explained

Quant  is a platform that solves two problems with blockchain technology. First, it aims to make working on the blockchain quicker and cheaper by reducing the usual technical slowdown associated with systems getting busier.

Secondly, it wants to make it easier to transfer assets between blockchains.

Quant, which was founded in 2018 by cyber security expert Gilbert Verdian, is based on the Ethereum blockchain and is supported by its native QNT token.

How Quant Works

Quant uses software called Overledger , which aims to offer user-friendly and easy-to-use solutions for connecting enterprise software with blockchain platforms and, by extension, allowing people to work on separate blockchains. 

Something that makes Quant a little different from other platforms is that it is a closed-source project. In other words, if you want to use Quant, you will have to pay for it and the full details of how it works are not publicly available. 

QNT is a utility token, with it being used to pay for goods and services on the Quant network. Because QNT is based on Ethereum, it is a token, rather than a coin. This means that, while you might see references to such things as a Quant coin price prediction, these are wrong.  

Is Quant a Good Investment?

It is not entirely easy to tell. On one hand, QNT has proven to be rather resilient. When we consider that it outperformed the market in 2022, it was, in a rather low key sort of way, one of the big crypto success stories in a time most people associated with the sector would rather forget. 

On the other hand, while it did not fall by as much as the market did in 2022, losing 40% is still a heavy loss. Quant can still fall victim to market crashes, so bear that in mind.

As always with crypto, you will have to do your own research before you decide whether or not to invest in Quant.

Will Quant go up or down?

No one can really tell right now. While the price predictions are broadly bullish, price predictions are very often wrong. You must remember that prices can, and do, go down as well as up. 

Should I invest in Quant?

This is a matter for you to decide for yourself. Before you do so, you will have to do your own research, not only on QNT but on other, similar, cryptos, such as Cosmos (ATOM). You should also make sure that you never invest more money than you can afford to lose. 

FAQs 

How many Quant are there?

As of July 8, 2024, there were 12.1 million QNT in circulation, out of a total supply of 14.9 million

Will Quant reach $1,000?

It might do but, if it does, it won’t be for some time. Price predictions based on technical analysis don’t see it reaching that value in this decade.

Keep in mind that Quant’s highest ever price, which it reached on September 16, 2021, was $366.78, less than half of that target.

What is Quant used for?

The QNT cryptocurrency is used to pay for services on the Quant platform.

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.