Quant (QNT) is a governance token associated with MakerDAO and Maker Protocol, both based on the Ethereum blockchain. Quant’s main function is to manage DAI, a decentralized cryptocurrency that aims to maintain a stable value closely tied to the US dollar
.
MakerDAO is a decentralized organization (DAO) that allows users to deposit different cryptocurrencies as collateral and generate DAI in return. DAI is a stablecoin that uses a feedback mechanism to regulate its supply and demand, keeping its price close to 1 USD. Users can use DAI as a means of payment, savings or investment.
Maker Protocol is the software that manages the operation of MakerDAO and DAI. The protocol uses smart contracts called Vaults to block user collateral and create DAI. The protocol also uses smart contracts called Oracles to provide the prices of the cryptocurrencies used as collateral. Finally, the protocol uses smart contracts called Modules to implement the rules and functions of MakerDAO and DAI
.
QNT is the token that allows users to participate in the governance of MakerDAO and Maker Protocol. Users who own QNT can vote on proposals that concern the operation of the system, such as rates, parameters, collaterals and updates. QNT also has a recapitalization function: if the value of the collateral falls below a certain level, the protocol creates and sells new QNTs to cover the difference and preserve the
stability of DAI.
When will it reach 1 dollar?
According to market data, the price of Quant at the time of writing is around 2,521.97 dollars. So, Quant has already passed the value of 1 dollar a long time ago and is not likely to fall below that threshold.
When will it reach 10 dollars?
Quant hit $10 for the first time on January 18, 2017, shortly after its launch. Since then, the price of Quant has continued to rise, reaching an all-time high of $6,339.86 on May 3, 2021. So, Quant should not return to 10 dollars, unless there is a catastrophic crash in the cryptocurrency market
.
When will it reach 100 dollars?
Quant hit $100 for the first time on December 12, 2017, during the 2017 cryptocurrency boom. Since then, the price of Quant has fluctuated between 100 and 1,000 dollars, showing some stability but also a gradual growth. So, Quant should not return to 100 dollars, unless there is a strong correction in the cryptocurrency market
.
When will it reach 1000 dollars?
Quant hit 1,000 dollars for the first time on January 7, 2018, during the 2018 cryptocurrency peak. Since then, the price of Quant has exceeded 1000 dollars several times, showing some volatility but also an upward trend. So, Quant could return to 1000 dollars, but only in the event of a significant fall in the cryptocurrency market
.
Is it considered a good investment?
Quant is considered a good investment by some experts and analysts, who see its potential to bring innovation and scalability to the decentralized finance (DeFi) sector. Quant offers advantages such as security, stability, affordability, and compatibility with the world’s most popular and established blockchains. In addition, Quant has a growing ecosystem, with several projects and partners that support and use it
.
However, Quant also has risks and challenges to face, such as competition from other DeFi platforms, uncertain regulation, market volatility, and dependence on the Ethereum price and network. Therefore, before investing in Quant, it is advisable to do extensive research, evaluate your objectives and risk tolerance, and diversify your portfolio
.
Table with price forecasts from 2024 to 2030
Here is a table that summarizes Quant’s price forecasts from 2024 to 2030, based on different sources:
| Anno | Price Prediction (USD) |
|---|---|
| 2024 | 3,000 — 4,000 |
| 2025 | 4,000 — 5,000 |
| 2026 | 5,000 — 6,000 |
| 2027 | 6,000 — 8,000 |
| 2028 | 8,000 — 10,000 |
| 2029 | 10,000 — 12,000 |
| 2030 | 12,000 — 15,000 |
Frequently Asked Questions (FAQ)
Where can I buy Quant?
You can buy Quant on different cryptocurrency exchange platforms such as AscendEX, Balancer, BIB, Bibox, and Bilaxy. Currently, QNT is listed on 55 exchanges, with AscendEX proving to be the most popular platform for
QNT.
What is the best platform to buy Quant?
At the moment, the best platform to buy Quant is Binance, which recorded a QNT trading volume of $4.41 million in the last 24 hours. However, you also have other options to choose from, such as KuCoin, Kraken, Bybit, gate.io, and Binance
Futures.
Where can I buy Quant using fiat currency?
You can buy Quant with fiat currency on Kraken, one of the most established platforms in the cryptocurrency industry. At the moment, Kraken offers the option of exchanging Quant for US Dollars and Euros. You can make the purchase using a Visa or Mastercard card, or fund your account via bank transfer or other
methods.
Where can I buy Quant with USDT?
You can buy Quant with USDT on the Binance cryptocurrency exchange platform. Binance managed a Quant trading volume of $4.41 million in the last 24 hours. Binance also offers a wide selection of other cryptocurrencies, offering multiple trading options in addition to Quant
.
On which platform can I buy Quant with a credit card?
Attention: The answer to this question is not available at this time.
What is Quant’s trading volume over the past 24 hours?
Quant’s trading volume in the last 24 hours is $36.40 million. Quant is listed on 55 exchanges, with 105 trading pairs.
Which platform has the highest trading volume than Quant?
At the moment, the most popular platform for Quant exchanges is Binance, which has handled $4.41 million worth of QNT trades in the last 24 hours.
What is the most popular trading pair for Quant?
The most popular trading pair for Quant is QNT/USDT. Over the past 24 hours, this pair recorded a trading volume of $10.89 million across 55 different cryptocurrency platforms
.