Have you ever got into a project early? Well, I have, not once but multiple times. And the project I am going to talk about today is one of my super early picks. I came across Quant Network in 2018. I started taking it in 2020 when it was close to $5.
And now I am talking about it again because this is a good entry point. As our TA experts expect QNT to go up 500-600% up from here. But do you hold enough QNT to become a crypto millionaire or do you need some more? Let’s find out.
Quant Historical Performance
Before I come to an exact number of QNT you need to become a millionaire, you and I need to understand where Quant could go from here, we first need to understand where it’s been. Most of us are not whales holding hundreds of thousands of QNT. So this means we will need to see a big price move to become a Quant millionaire. But it could happen.
Quant Network and its QNT token are all about 2 huge crypto narratives:
- Interoperability: Moving tokens between chains.
- Tokenizing assets: The Real World Asset narrative is a strong one.
According to @CalastoneLtd, “tokenisation can be a «transformative tool» to creates a frictionless digital marketplace for asset managers.”
Want to make it simple, trusted and future-proof? Talk to @quant_network. https://t.co/2yoWHAJTnm
— Might be Andrew Carrier🍸 (@AndrewCarrier) May 11, 2023
And if that’s not enough, then the fact it’s enterprise-grade and set up for financial institutions is another strong story for Quant too. Today, Quant is the #37 project. Its current price is $105 but its all-time high from September 2021 is $427. So that’s a huge 75% drop. But it’s a 3x gain if it can recapture that. Those would be some sweet gains too.
The total supply of QNT is 14.6 million, with 14.5 million in circulation. So a move from $105 up to $427 would give us a value equal to Tron and just under the value of Polkadot. That’s if nothing else changes.
But we know that ‘if nothing else changes’ isn’t reality. Things change all the time and how much could Quant gain in a big bull market? The all-time low from back in 2018 is 21 cents. Those days are long gone. And I mentioned where the all-time high was just before the bear market started. But could Quant hit new all-time highs and make some millionaires? Yes, yes it can.
Every day, we transact in digital goods and services, seamlessly and from anywhere.
So we need a new form of digital money to cater to that way of life. A #CBDC is a natural fit. It's trusted, safe, accepted – as @GVerdian explained on a recent @FutureofFinanc3 panel.#CBDCs pic.twitter.com/Gcw6WPKQIb
— Quant (@quant_network) May 17, 2023
Do you think Quant will hit a new all-time high? Let us know in the comments below.
What do QNT Charts Say?
We asked our Technical Analysis team to look at Quant and here’s what they had to say.
“…QNT is trading below the resistance trendline and is likely to reach $105 which is a good support zone. If this support holds, we could start seeing a move toward $118. Reaching $118 could pull QNT out of the downward resistance trendline and breaking this resistance could lead to a move towards $128, $143, $158, and $195.
Failure to hold the support at $105 could lead to a drop towards $100 and $89 which would be good areas to long QNT.” And it’s helpful to know what the charts say. You can learn a lot from them. I also believe QNT will go higher than that.
Source: TradingView
A move from $105 to $195 is nice. That’s almost a 100% return. But we expect Quant to at least test the old all-time highs when the bull fully returns.
How Much QNT to get $1 million?
So you’ve seen our bull arguments based on:
- Market value growth
- Market value dominance
- Technical analysis
- Growth over time against Ethereum
So how much QNT does it take? In the next 2-5 years, we see QNT going up to $500-600. That would mean Quant is worth 7-9 billion. That’s the range where Polygon and Solana are now. So at $500, that means you would need 2,000 QNT.
Tokenisation of carbon credits could help facilitate a common taxonomy and make it far more efficient for buyers and sellers to find the right credits that meet their own idiosyncratic needs.#Tokenization #CarbonCreditshttps://t.co/EWjA95tLmE
— Quant (@quant_network) April 5, 2023
Or in the upper end of our range, you would need between 1,666 and 25,000 QNT to become a Quant millionaire. Do you think Quant could hit $500? Let us know in the comments below.
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