Quant Price Prognosis: QNT Gears Up for $100 Milestone After Latest Network Update

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Quant (QNT) has been on a steady downward slope since early in the year. The price action has been consolidating within a descending parallel channel bound for new lows. However, the altcoin found support at the $95.7 low on June 23 and has not looked back. This was when chatter about the network update went around, providing a bullish fundamental.

🚨New $QNT update video out NOW

CEO Gilbert Verdian had recently publicly announced some of the largest confirmed partnerships speculated by the community for YEARS🏦

What will @quant_network next step be?!

👉https://t.co/G6mAwq0D7V pic.twitter.com/qEvaXXw2Sb

— 🥖Tokenicer✲⥃⬢ (@Tokenicer) June 20, 2023

Quant CEO Gilbert Verdian revealed network updates on the chain for the QNT ecosystem, including much-anticipated partnerships.

Quant Network Update

The Quant ecosystem has rolled out a network update, making its enterprise-grade technology, Overledger, available on OutSystems Forge, an application builder marketplace.

Today we have made our enterprise-grade technology, #Overledger, available on application builder marketplace @OutSystems Forge. The move underpins our commitment to making #blockchain technology simple.https://t.co/O3tDgXvz1d

— Quant (@quant_network) September 5, 2023

The Overledger platform’s architecture makes it an enterprise standard for building on blockchain. It establishes a new interoperability benchmark for ease of use. An excerpt from the announcement reads:

…the trusted enterprise-grade yet low-code blockchain platform enables you to deploy your use case on multiple chains. [It also helps you] issue chain-agnostic digital assets, connect them to other networks, and develop multi-chain applications quickly without compromising on security.

The platform’s design serves enterprises looking for a “simple, trusted, and future-proof” means to venture into blockchain. Use cases include tokenizing funds, deposits, alternative assets, next-gen payment instruments issuance, multi-enterprise system connection, and developing multi-DLT applications.

#Overledger Platform makes it easy to build on blockchain. It's our way of encouraging mass adoption of this transformational technology.

Learn more: https://t.co/CEQvl0WvYg

Start your free trial today: https://t.co/kx3Fic6Xu6

We are #TheFoundationOfTheBlockchainEconomy. pic.twitter.com/A0CYEDi4cn

— Quant (@quant_network) June 28, 2023

The token flow presented on the Overledger platform helps users develop and launch smart tokens, including Central Bank Digital Currencies (CBDCs). It also includes non-fungible currencies (NFTs), with digital assets requiring no code and ultra-fast transaction speeds.

Quant Price Forecast As QNT Confronts The $100 Barrier

At the time of writing, Quant’s price is $99.4, a daily rise of almost 2.5% as QNT confronts the $100.0 resistance level. Notably, the level holds significance for the altcoin after it was flipped from a multi-month support level to resistance. Therefore, a decisive move above it would vindicate the altcoin, paving the way for more gains.

The quant price holds above a crucial support level of $95.7. Increased buying pressure above current rates could see QNT break above the resistance confluence between the upper boundary of the descending channel and the horizontal line at $100.0.

A break above could see Quant’s price extend its reach to the $112.1 resistance level, last tested in late July. Such a move would constitute a 13% climb above current levels.

Conversely, a rejection from the $100.0 resistance level could see the Quant price drop below the immediate support at $95.7.

While a break below this buyer congestion level would be ideal, invalidation of the current optimism would only occur once QNT loses the support offered by the channel’s midline at $90.0. In the dire case, the price could extend lower to break below the lower boundary of the descending channel at $80.0. Such a move would denote a 20% slump.

The Relative Strength Index (RSI) is tipping downward, suggesting falling momentum. Similarly, the histogram bars of the Awesome Oscillator (AO) are negative, also bolstering the case for the downside.

While QNT works out a way out of the descending parallel channel, consider BTCBSC, a new Bitcoin fork joining the likes of Bitcoin Cash (BCH) and making headlines across crypto media.

Promising Alternative To Quant

BTCBSC is the native token for the Bitcoin BSC and is touted as “A green BEP-20 version of Bitcoin built atop the BNB Smart Chain (BSC). As a Bitcoin fork, the project mimics how BTC produces a new token every ten minutes. The Binance BSC network has a staking smart contract that pays out BTCBSC tokens using the block schedule. This gives token holders a chance to stake BTCBSC for rewards.

https://twitter.com/Bitcoinbsctoken/status/1699000085290369232

The project is in the presale stage, going for $0.99 per BTCBSC, the same price Bitcoin was going for in 2011. Anyone who missed the BTC train can jump on BTCBSC while prices remain affordable. The project has a maximum supply of 21,000,000 tokens, with around 29% (6,125,000) allocated for presale. The remaining 14,455,000 BTCBSC tokens are set aside for staking rewards.

Passive Income: Stake BTCBSC For Rewards

Bitcoin BSC’s smart contract provides an avenue to stake BTCBSC for rewards and an opportunity for passive income. As indicated on the website, “69% of the token supply or 14,455,000 tokens will be paid out to participants in the staking pool as rewards every 10 minutes.”

Advantages of the Bitcoin BSC Smart Contract

Several benefits are present when holding BTCBSC. For one, it is founded atop the BNB smart chain, known for tier-one security and unmatched smart contract capabilities because of the Ethereum code. The BSC Smart Chain is also affordable, so users can save money on gas fees during transactions as it is faster and more affordable than Ethereum.

https://twitter.com/Bitcoinbsctoken/status/1699331677477032181

The BNB smart chain also gives you easy access to BTCBSC, allowing you to access it straight from your regular Trust Wallet or MetaMask decentralized applications (dapps). As such, storing and trading has never been easier.

Visit BTCBSC here

The project also runs a referral program, a chance for you to get 5% of every purchase your referral makes. All you have to do is share your unique link with them and earn from all their transactions.