Santiment, an on-chain analytics platform, recently reported that the Quant Network (QNT) had experienced a high number of transactions from significant investors, or whales, in recent months. The most significant activity occurred on January 7th, when 187 QNT transactions worth over $100,000 were recorded, the largest such activity seen in 16 months.
The price of QNT has been declining since reaching record highs in September 2021 and hitting a yearly low of $94.3 on November 14th following the collapse of FTX. Despite this, the digital asset has shown some signs of recovery, forming a high-low structure and attempting to break through the $132.40 resistance level in December.
However, according to CoinMarketcap data, Quant is currently experiencing bullish momentum, with daily and weekly chart gains of 5% and 9%, respectively. The digital asset is trading at $117.83 and has seen a boost in trading volume of 102% in the past 24 hours. Its market cap has also increased by 4%.
Quant (QNT) Price Prediction
It’s always difficult to predict the future of cryptocurrency prices, as they are influenced by a wide range of factors. However, it’s possible that QNT could perform well in the future.
Many believe that Quant (QNT) has the potential to be a promising coin in 2023, while the token’s price has decreased by 40% over the past year. Santiment previously reported that “though their respective prices are down big, as is the rest of crypto, these are good signs for a better 2023” for QNT.
As the market begins to improve, Quant will reach a maximum price of $212.21 in 2023. The lowest anticipated price is $141.47, with an average price of about $176.84 per BitNation.
Outlook For The Crypto Market In 2023 From Quant CEO
“Gilbert Verdian, CEO & founder of Quant, discusses 2023 trends and forecasts with RBI editor Douglas Blakey.” According to Verdian, the crypto market has grown significantly in recent years and has the potential to impact the rest of the financial system.
As a result, governments and regulators will need to implement more stringent rules in 2023 to protect consumers and mitigate risks. Verdian also predicts that banks and asset managers will seek to hire blockchain specialists and that central bank digital currencies (CBDCs) will become a political issue but ultimately prevail.
He believes that the focus in 2023 will be on building CBDC infrastructure that values consumer protection, privacy, and interoperability but that politicization may continue to be challenging.
Additionally, Verdian expects to see the widespread introduction of cybersecurity principles and safe custody solutions in 2023, with regulations eventually catching up to these developments.
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