BLOX offers almost 100 different cryptocurrencies, one is large and well-known, the other is smaller and unknown. Quant falls into the second category. Investors say Quant is not a dream, but a good project that can be trusted. Is this right?
Can you trust Quant?
We cannot determine whether you should have confidence in a specific cryptocurrency. Finally, enough trusted cryptocurrency companies and individuals have fallen. Think of the FTX by Terra Luna and Sam Bankman-Fried.
At the other end of the spectrum you will find Dogecoin, Shiba Inu and Floki, cryptocurrencies that owe their value to the drawing of a dog.
Well… let’s face it: who or what can you trust?
Trust is a difficult concept to quantify. But there are figures that can help you form an opinion.
Quantity numbers
We’ll start with the Quant price. One Quant is currently valued at 122.68 euros, an increase of 17.75% compared to yesterday.
In that sense, Quant really got off to a late start in 2023. Looking at the difference in value between January 1 and today, the price has increased by 27.6%. Most of this increase occurred today.
To put the rise in context, when looking at the top 50 cryptocurrencies in terms of market capitalization, Quant ranks 49th. But if we rank the same 50 coins based on their performance in 2023, Quant ranks 35th. outperformed many other ‘well-known’ coins.
The highest value of Quant so far was 385 euros, about three times as much as now. This was accomplished during the 2021 bull market.
Quant is for governments and central banks
Quant offers blockchain technology that addresses the problem of interoperability and enables communication and data exchange between different blockchains. It provides a universal layer that connects different blockchain ecosystems and bridges the gap between public and private blockchains.
At the heart of Quant’s interoperability solution is Overledger, an API gateway that acts as an intermediary between different blockchains. Overledger acts as a translator and enables seamless transfer of applications and data between different blockchain protocols and structures.
In short: their website mainly focuses on governments and central banks and offers their services to help with the infrastructure of CBDCs.
This may not be in the interest of most crypto investors, but such collaborations could ensure that Quant is still in the top 100 in a few years.
Source: BTC Direct
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
