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Highlights
- Quant, unlike single the blockchains of Ethereum and Solana, claims to be a multi-chain network
- The Quant crypto or QNT token has use within the network for payment of fees for services
- Quant’s price relies on things like demand for the Quant network’s services and the performance of the wider crypto market
Developers of decentralized apps (DApps) are facing a complex issue. Which is the best blockchain to develop and deploy apps and smart contracts? Is Ethereum, the present industry leader the best, or are the emerging networks of Solana and Fantom the most efficient?
Amid all this, there are a few blockchain-powered projects that are aiming to provide multi-chain functionality. This could be the answer to having a single app work on multiple blockchains so that the benefits of all networks can be fully harnessed.
One such project is Quant, which claims to be a “bridge” between multiple blockchains.
What is the Quant network?
Quant claims to be an enabler in the vast universe of distributed network technology (DNT). It operates a blockchain ecosystem with its Overledger Network. The network is said to have support for the building of multi-chain apps, also dubbed as MApps.
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The Quant network uses the Quant crypto as the native token linked to the project. Users need to have these tokens in order to start building an app on the Overledger Network.
Quant crypto’s price surge
Quant is a high market cap cryptocurrency with a circulating supply of over 12 million QNT tokens. The QNT crypto’s trading volume has surged over the past few days and so has its price.
Also read: Top 5 Web 3.0 crypto projects to watch
Quant crypto’s price prediction
Quant dipped to under US$90 at one time in January 2022, but of late the token has pulled off a noteworthy comeback. Though the price has yet to hover near its all-time high of nearly US$400, it is likely that a sustained rally in the wider crypto market may boost Quant crypto’s prospects.
By the end of the first quarter, Quant crypto may reach US$200. But for this, its MApps services would need to find more backers. This is because Quant crypto has utility within the network, and demand for more tokens could directly lead to a price surge. If the momentum sustains, the QNT token may even breach US$400 by the end of this year.
Data provided by CoinMarketCap.com
Also read: Top 5 altcoins to watch in February
Bottom line
There is little certainty about which is the most efficient blockchain network. Quant claims to enable the building of apps that can run on multiple blockchains. Bulls are back in cryptos, and if the Quant network finds users, the price of the Quant crypto may appreciate.
