AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Launched in 2018, Quant (QNT) crypto aims to offer the blockchain interoperability network to its users.
- Supporting the mass adoption of the DLT, it offers the enterprises an easy integration framework, thereby making the decentralisation process easier.
- The 62-ranked QNT crypto is trading at US$68.42 with a trading volume of US$4,09,29,363, according to CoinMarketCap.
Launched in 2018, Quant (QNT) crypto aims to offer the blockchain interoperability network to its users. Built on top of the Ethereum blockchain, the goal of the Quant crypto is to connect blockchains and networks without hampering the interoperability.
Supporting the mass adoption of the DLT, it offers the enterprises an easy integration framework, thereby making the decentralisation process easier. Through its operating system, Overledger can connect to other applications in the same blockchain ecosystem.
On 6 June, QNT crypto was witnessing a decent rally of 5.12% with a volume gain of over 30%, according to CoinMarketCap.
Related read: What can investors expect post-Ethereum Merge event?
Why is QNT crypto rallying?
QNT crypto seems to be rallying on the back of its Twitter post, which celebrated the just-concluded Platinum Jubilee of Queen Elizabeth II. The tweet hinted that it might come out with a coin of its own that had the Queen's image.
The objective of the QNT coinage, as it calls it, is to spread the fame of kings and queens. So, the more often coins passed through traders' hands, and the further they landed, the more famous royals became.
An earlier tweet further likened the coinage to the UK's vision to CBDC, which could potentially unlock new efficiencies, international trade, and financial inclusion for decades to come.
What makes QNT crypto unique is the freedom of developers to create smart contracts, which helps them monitor transactions. The developers can also utilise the platform to create and release multi-chain applications (MApps).
Related read: 3 Web3 innovations that could drive the crypto industry
How is QNT crypto faring?
The 62nd ranked QNT crypto is trading at US$68.42 with a trading volume of US$4,09,29,363, according to CoinMarketCap. The token was enjoying a live market cap of US$82,60,08,074 and 1,20,72,738 QNT coins in circulation.
The QNT token, in fact, over the past week or so, did manage to rise from the bearish trend with a minor rally of 3.7%. How long will it be able to maintain it remains to be seen. But experts feel a coin may extend the rally.
Having said that, investors need to be careful of the ever-changing crypto market, and one must do proper market research before entering the market.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies, you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
