Quant Continues to Rise
The cryptocurrency market has been in a downtrend for a while. Led by Bitcoin, altcoins are also adapting to this downtrend. Despite all these decreases, Quant coin is the crypto currency that has gained the most upward momentum in the last 1 week. Quant coin, which ranks 28th among the top 100 coins in terms of market value, has increased in value by 37.57% in the last week and 15.18% in the last 24 hours.
What is Quant?
Quant was launched in 2018 with the aim of interconnecting blockchains and networks on a global scale without reducing the efficiency and interoperability of the network. Quant is the first project to solve the interoperability problem through the creation of the blockchain operating system. Expressing that technology has undergone a serious change in the last 20 years, the Quant platform states that security costs have increased at the same rate with this change. According to the project developers, Quant is designed to change this situation when blockchain technology is used efficiently and effectively. The Quant Network project is built as an operating system distributed ledger technology and Overledger network to connect different blockchain networks. This project is mentioned as the first operating system to be built for blockchains.
What is Overledger?
Among the solutions offered by the Quant platform, Overledger is the world’s first blockchain operating system that not only connects blockchains, but also facilitates the creation of multi-chain applications known as mApps, and uses existing networks to connect internet chains. Overledger represents the core that needs to be built around a future digital economy ecosystem that will allow developers and businesses to build decentralized and multi-chain applications for their customers. Among the solutions offered by the Quant project, there is another system called GoVerify.
What is GoVerify?
With the GoVerify system, users can identify whether e-mails, SMS or phone calls are coming from a real person or from a fake place.
QNT Review
Launched in 2018, Quant was at 25 cents when it was first listed. It reached its highest level in September of last year. The highest level of the token was 428 dollars, and the lowest level was 16 cents on August 23, 2018. Approximately 12 million 72 thousand 738 of the tokens, whose maximum supply is 14 million 612 thousand 493, are currently in circulation. The Quant Network ecosystem uses the QNT token to access the network and the Overledger platform, securing data sharing. Being a crucial part of the network, QNT Token supports project values such as questioning, assertiveness, steadfastness, agility and reliability. Quant, a smart contract built on the ERC-20 format on the Ethereum blockchain, is not mined.
Quant Price Analysis
Quant, which is currently on the rise from $213 levels, attracts attention from many analysts. According to FXStreet analysts, many experts in the industry claim that Quant could make a massive rally based on its bullish potential. When we look at the performance of Quant in the last 5 months, we can see that it is one of the strongest altcoins in the crypto money market. After falling as low as $40 in June, its price has been in an upward trend for 11 weeks. Quant’s limited supply, cheap market value and project development efforts can be cited as the rising factors of Quant. So where are the support and resistance levels that we will watch in the coming days? If it continues to rise, the first resistance point that Quant will encounter is at $230, while the next resistance point is at $255. In case of a possible decline for Quant, the support levels are located at $190 and $166, respectively.
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