Quant

$QNT

Quant (QNT)

Second on today’s list of top crypto gainers is Quant, a token focused on solving the interoperability problem across blockchain networks. Launched in June 2018, Quant created Overledger, the first blockchain operating system designed to bridge the gap between different blockchains. Developers can use Overledger to build decentralized multi-chain applications (MApps) but must hold Quant tokens to do so.

Quant is the key to connecting these blockchain networks seamlessly. It goes beyond basic interaction, offering layers for messaging, transactions, and application interaction. Moreover, the Quant App Store allows developers to write smart contracts across multiple blockchains, even for those like Bitcoin that don’t natively support them.

When it comes to security, Quant’s Overledger plays a key role. It facilitates secure communication between blockchains through gateways that link different ledgers. Additionally, the community manages QNT payments, ensuring transparency and accountability throughout the process.

Now, let’s dive into the price performance. Quant is currently priced at $61.26, surging 7.52% in the last 24 hours. Moreover, with a market cap-to-volume ratio of 0.0159, it shows medium liquidity. Its 14-day RSI sits at 55.50, indicating a neutral position, which may result in sideways trading.

Additionally, while QNT had 15 green days in the last month, it remains volatile, with a 4% 30-day volatility rate. Unfortunately, over the long term, it is still trading -44.95% below its 200-day SMA and has dropped 39% over the past year. Nevertheless, Quant continues to be an essential project for blockchain interoperability.