Navigating the Real-World Asset Tokenization Revolution: A Closer Look at Quant (QNT)
Potential increase of 47% for Quant's price if it manages to breach the remaining hurdle.
Quant's (QNT) recent surge in price suggests it could be on the brink of a massive 47% uptrend, pushing it back to its December high. With the crypto market now stabilizing, QNT presently hovers around $116, marking a staggering 95% increase from its April low.
QNT's allure stems from its robust fundamentals, as the real-world asset (RWA) tokenization industry expands. Real-world Asset Data shows an impressive $23 billion in assets tokenized, and an impressive 13% increase in the number of asset holders within the last month, now reaching 113,794.
Contributing to the RWA industry, Quant's flagship product, Overledger, serves as a powerhouse blockchain operating system. It allows different blockchain networks and legacy systems to work together, making interoperability a reality for the diverse RWA market.
The Overledger system is intelligently designed, boasting transaction, messaging, and application layers. These layers store verified transactions, filter and organize messages for compliance, and set rules for cross-chain interactions among blockchains, respectively.
As more organizations such as the Bank of England, Oracle, Amazon, and BNY Mellon embrace Quant's technology, its role in the digital currency world continues to fortify. Most recently, Quant was named a vital player in the development of the planned digital euro by the European Central Bank, reigning a promising future ahead.
On-chain data indicates a consistent increase in the number of QNT tokens held by top addresses over the past few months, with 3.58 million tokens now under their control, as opposed to 3.54 million in March. Simultaneously, the supply held within exchanges has taken a nose-dive from 1.7 million in May 20 to 1.67 million today.
Such trends hint at a growing interest in Quant's ecosystem among users. Active addresses within the last 30 days have only been on the rise, signaling a bright trajectory for Quant's network popularity.
A closer examination of the QNT price shows a 2-month upward trend following a dramatic crypto market sell-off. QNT price has already formed a golden cross, with the 200-day and 50-day moving averages crossing one another. This usually signals more gains on the horizon for the long term.
At present, QNT faces a significant hurdle at $120, which marks its May 28 peak. Should it breach this barrier, sights could be set on potential gains up to 45% beyond the current rate, aiming for the November high of $171.48.
It's essential to stay informed about Quant's advancements as the RWA tokenization industry continues to grow and bring forth new opportunities. While it's essential to be mindful of challenges and potential competition, Quant's innovative technology and strategic partnerships ensure its position as a powerful frontrunner in the digital currency landscape.
- The surge in price of Quant (QNT) indicates a potential 47% uptrend, pushing it back to its December high, as the crypto market stabilizes and QNT hovers around $116, marking a significant increase from its April low.
- Quant's allure lies in its robust fundamentals, as the real-world asset (RWA) tokenization industry expands, with an impressive $23 billion in assets tokenized and a 13% increase in the number of asset holders within the last month, now reaching 113,794.
- Quant's flagship product, Overledger, serves as a powerhouse blockchain operating system, allowing different blockchain networks and legacy systems to work together, making interoperability a reality for the diverse RWA market.
- The Overledger system's transaction, messaging, and application layers store verified transactions, filter and organize messages for compliance, and set rules for cross-chain interactions among blockchains, respectively.
- As more organizations such as the Bank of England, Oracle, Amazon, and BNY Mellon embrace Quant's technology, its role in the digital currency world continues to fortify, with Quant being named a vital player in the development of the planned digital euro by the European Central Bank.
