speculation brought ethereum:0x4a220e6096b25eadb88358cb44068a3248254675 to ATH
wait until utility/staking meet speculation.
$10k per quant token isn't unreasonable.
I’ve had a feeling for a while that $QNT has quietly outperformed its whole generation, so I tried to check it properly.
The group is every token that started trading in 2018. I went by first trading date rather than ICO date because I wanted projects that went through the same market and cycle phases: all of them listed into the 2018 crash and had to survive a full bear market before the 2021 run.
Each project is measured from $0 to today’s market cap. I didn’t use ICO prices, because presale discounts and bonus rounds make them unreliable, or multiples “from the bottom”, which depend completely on which day you choose.
Market cap on its own flatters tokens that still have a lot of supply locked up, so each one is discounted by its float: market cap × circulating supply ÷ max supply. A project with half its tokens still to come gets credit for half its market cap. $QNT has a fixed supply of 14.6M that has been fully unlocked since 2019, so it takes no discount. Cronos does, which is why it drops from first on raw market cap to third here.
1000+ dead 2018 projects aren’t on the chart for obvious reasons.
What makes this more interesting to me is that $QNT got here before its main product is live.
@FusionLayer25 , hasn’t gone beyond initial mainnet tests with institutions, so the staking and transaction volume it’s built for hasn’t started yet. It has signed clients that settle trillions a day.
Every other project in this chart is valued on what it already does.
"hasn’t gone beyond initial mainnet tests with institutions, so the staking and transaction volume it’s built for hasn’t started yet. It has signed clients that settle trillions a day."
is exactly why i ignore TA because it's driven by BTC & Headlines vs. Actual product utility / retail usage.
that's when it gets interesting!
Discussion on the evolution of digital payments in the United States between Quant Network and The Clearing House.
US payment systems run on $QNT infrastructure 🇺🇸
https://t.co/dRb5W9CjuB
“We build and run the financial infrastructure the banks use globally”.
Gilbert Verdian's thoughts at the Innovate Finance event.
The whole world will hear about $QNT.
lot of eyes opened up on ethereum:0x4a220e6096b25eadb88358cb44068a3248254675 this last leg, especially if newer to crypto.
bet a lot of money on the side waiting for their next big news to drop.
ethereum:0x4a220e6096b25eadb88358cb44068a3248254675 is btc and headline dependent until it's not.
will get really interesting when utility actually hits.