The market for cryptocurrencies he does not seem to show his will to go up the descending slope started by Bear market. While nothing seems to improve, a serious project stands out and sees it token gain value: As for crypto. Instead Bitcoin to beats always at $ 20,000, As for (QNT) achieved an outstanding performance in September. How is it possible and, above all, sustainable?
Quant crypto, interoperability between blockchains
Indeed, today most Dapp they are limited to one core network. For companies, this limitation is a real drag in terms of marketing and economics.
Therefore, regardless of whether blockchains are public or private, As for and its Overledger network offers developers a support making creation possible decentralized multi-chain applications (Maps).
As for crypto aims to make its network become the support of the future digital economy mixing the cryptocurrencies and the MNBC (Central Bank of Digital Currencies) and all possible applications related to technologies blockchain.
Technically, As for crypto acts as a gateway allowing you to rely on a multilayer architecture. This mechanism therefore allows all the Maps to interact on the different levels without constraints.
QNT and the token native to the ecosystem As for the maximum supply of which is set at 14,612,493 tokens. Thanks to a capital letter of 1.8 billion dollarsthe project ranks 32 ° of the largest market capitalizations.
the QNT it did not have the success hoped for in its beginnings. Indeed, faced with the failure ofICOthe team performed a burn unsold tokens. Success came later, as more and more companies used the innovations of As for Net.
QNT crypto explodes by + 50% in 1 month
While the overall market fell by nearly 8%, As for and its token QNT progressed from 51% for the month of September dropping from $ 96 to $ 145. Even better, the token is back to its March levels! Few cryptocurrencies can boast this performance.
How to explain this evolution?
As a first step, the desire of Central Banks to develop their own digital currency (MNBC).
The very essence of As for must be the support of the entire financial system of the future. The willingness of the institutions to transfer part of the economy from TradFi to Challenge And the use of technology blockchain it is therefore a great opportunity for the network As for.
In this observation, we see an accumulation from whales present on the net As for crypto. According toanalyst The Santiment, addresses that hold between 100 and 1,000 QNT they have increased their positions by 15.4% since April. By themselves they hold more than 11% of the current supply.
hence, the volumes they have also exploded higher in recent months.
Quant Network, an opportunity for 2023?
Last year, As for crypto joined the Digital pound Foundation. This independent organization works in partnership with the UK central bank to create and develop a Pound sterling digital. Other world institutions have already expressed a desire to collaborate As for in the digital development of its currency.
Off the chain, things are going well for the project. Especially since the transition to the digital currency has been on everyone’s mind for a long time.
Graphically, not everything seems so simple even if positive signs are manifesting.
The latest bullish push began in early September and led to a 50% revaluation of token seems to reach a point of overbought.
At this point, investors could quickly take their profits and commit bearish pressure without support for the price of token. However, the Sibos lecture may, as for to her, giving a positive boost after a period of consolidation.
In the long run, the project is ambitious and in the face of global economic challenges, it could play a important role. As for crypto and sound token they could do well and continue their ascent into 2023.