Quant Network QNT Will Make Crypto Bear Market Millionaires
Foreign Even if the state of crypto right now is Not ideal bear Market rallies are a Reality they can and do happen it is not Uncommon to see quality projects Pump 10 20 even 30 in a bear Market but a 450 Price rally is no joke now to backtrack A bit when I first noticed Quant it was Priced at about four dollars and it Continued to build aggressively Partnering with Oracle MIT and it kind Of turned into this Unstoppable force And then in March of 2022 qnt made it to ISO 222's coin list and that's really huge We'll talk more about that in a moment But after this 450 percent rally do I Think qnt has more fuel left in the tank Actually yes and according to our Technical analysis we feel there's still Room for a 200 or so price pump let's Talk about Quant let's talk about when And where that 200 is going to happen There will be a price prediction at the End of this video stay tuned guys we are Discussing all things qnt Welcome to the channel my name is Maddie And this is altcoin Buzz we are a crypto Investment research company we love qnt We know that a lot of our subscribers Love Quant as well and we wish you only The very best of luck if you choose to Invest and I say that genuinely but I am Not a financial advisor do not assume
This video is official Financial or Investment advice because it is not Let's start from the top and work our Way down first of all what is Quant Network quant's stated goal and mission Is to connect blockchains and so they Deliver interoperable ecosystems and Last year in 2021 Quant networks over Ledger was certified by Oracle as their Quote production ready solution to Support cross-ledger interoperability Between Oracle blockchain platform and Other Ledger Technologies and the rumor Is HSBC is also using Quant Network and If they happen to announce it in 2022 Then qnt could really just Terror right Through this bear Market the conditions At the macro level the rest of crypto Will not matter at that point and then Add to this mix some features that we All like and that we all enjoy like Lower costs and vastly reduced risk to Achieve these goals the end users Require no complex infrastructure and This is a major advantage for Quant and Specifically that's because they Developed an operating system to achieve Exactly this it goes by the name of over Ledger and this allows for networks and Blockchains to connect all kinds of Different Industries for example the Healthcare Financial Services Supply Chains insurance and instead of dapps They use maps
M-a-p-p-s and a map is a multi-chain Application in contrast a Dap works on Only one block chain and protocol Whereas a map is multi-chain and Multi-protocol and so to use the over Ledger you must have a certain quantity Of the qnt token and this goes for both Developers and users a great move in our Opinion since this guarantees a Continuous demand for qnt and that's Especially if we consider that there are Only 14.6 million tokens ever that is Two-thirds of the Bitcoin Supply so There's a lot of built-in scarcity here If you owned Quant back in June let me Know the comments I'd like to hear from You whether or not you sold it but let's Now take a look at why Quant managed to Rally successfully during this Particular crypto bear market during a Typical bear Market a long rally is Usually unheard of and that's probably Not surprising to anyone but Nevertheless Quant just had a five-month Rally it started in mid-june and Currently topping out in probably Mid-october or so now Quant had its All-time high back in September of last Year 2021 at 427 and just like most or even all Altcoins the price has dropped since That time all the way to 48 dollars in Mid-june so that's a 9x drop less than The all-time high
So what was the deal with the subsequent Rally it peaked out on the 17th of October at 224 dollars and that's the Highest price after the all-time high And a 450 Rally from the low so a couple Of different things contributed to this Rally let's have a closer look first of All over Ledger 2.2.11 was released in July and Connected hyperledger fabric V 2.2 then Over Ledger 2.2.12 on the 4th of August came around And that allowed you to create QRC 721nfts you can use these on the Ethereum polygon and xdc Main Nets Quant Was also added to the iso 222 compatible List we're going to talk a little bit More about this shortly and then also Binance us added qnt early in November So a lot of Great accomplishments just a String of great Milestones were achieved We also saw the following trend ends Develop so in terms of unique addresses Those went up from 5850 in June to just under 11 000 in October this showed a slow but steady Interest from Traders as well as buyers And from the 19th of October we saw Profit taking and the price and unique Users numbers both dropped Wales during This same period also took part in the Rally so these are q and T holders that Have between 100 and a thousand qnt they Started to sell on the 16th of October
And that's a day before the highest Price arrived in this rally on the 17th Of October and so in our estimation and In order to keep this momentum going Quant is going to need to keep Increasing its user count they will also Need to increase Partnerships but as far As tokenomics go they have a very strong Position that total cap of 14.6 million Works very well in their favor if you Were among the people that foresaw the Quant rally then first of all Kudos give Yourselves a tap on the back let me know About your experience in the comments Below but now let's move on to that Point about the iso 222 list let's first Back up a step and ask ourselves not Only why is ISO 222 important when it Comes to their coin listings but what Does it even mean well look ISO 222 is An international standard and all Financial institutions have their own Coding language an ISO 222 unites them Into one single language in theory this Should make international transfers Easier and more organized and this is What's known as the extensible market Language or XML it's another aspect of Quant's interoperability however now With International cross-border payments And in this case it is specifically for Distributive Ledger technology DLT or in Other words blockchains Swift and the Federal Reserve already back it an ISO
222 will replace Swift mark my words and Currently Quant is one of the few Blockchains that are compliant to ISO 222 other Chains Are For example Algorand Ripple xdc Network hedera Iota And Stellar now the impact of iso 222 Will be significant there's no question About that they're looking at over 200 Different payment types and one of the Things it will accommodate is cbdc's Central Bank digital currencies now Quant and algorand specifically are Competing in this cbdc market segment And currently already 70 countries Nations of the world have adopted ISO 222 this includes for instance China Switzerland Japan and India among others So it's going to impact everybody who's Involved with payments which is Ultimately everyone every country in the World this includes Financial crimes Mass adoption therefore is very much in The cards for this project and as a Result it's also going to affect the way Crypto and fiat currency ecosystems Currently exist that may be quite an Interesting and radical effect actually Now I know that there are mixed feelings Out there among all kinds of crypto Enthusiasts when it comes to cbdc's There are pros and cons there's still an Element of centralization that a lot of The libertarian-minded crypto Enthusiasts aren't all that crazy about
I get that it's a nuanced discussion There are nuanced opinions out there let Me know your thoughts about it in the Comments below what you think personally About cbdc's all right let's now talk About a Quant Network price prediction So at the time of this recording qnt is Trading to a rather crucial support area Of 156 dollars this area has been a Long-term support area until January of 2022 and after breaking the support area We did see a pretty precipitous drop in Qnt towards the lower weaker support Areas the 156 dollar zone then turned Into resistance and it took four Attempts to break take that resistance And the fourth attempt was successful That's where q and T broke above 156 Dollars and it's currently trading in That zone so if this resistance can be Successfully flipped to support and qnt Manages to stay above or around 156 we Could start to see a bullish Trend in Qnt and a move towards 179 194 206 dollars and 218 dollars that is Possible in the short term based on Fibonacci analysis once 218 is reclaimed Securely and with confidence then we can See a move potentially towards 235 257 319 421 522 and 585 dollars in the long run failure However to trade above the support area Of 156 dollars could lead to a drop Towards 137 128 and 108 dollars not
Impossible if it does happen though guys We'll be scooping up the deal