Crypto Briefing 2/1/22 - The Forecast

Crypto Briefing 2/1/22

Crypto Briefing 2/1/22

Bitcoin is beginning to move up to retest the $41,000 level. Altcoins will rebound especially hard as Bitcoin begins its ascent. From now into March, Bitcoin’s trajectory will be in conjunction with the stock market and head higher. Some consolidation will likely be seen in the days ahead, but after February 7, Bitcoin and crypto should be completely in the clear to begin a substantial rally.

In our opinion, assets that provide interoperability with legacy systems and other blockchain networks have the best chance of success in the crypto space. Assets such as Quant will play a critical role in the evolution of the financial system and business world. Over the past 90 days, Quant’s price has steadily declined from its peak of $428. However, we believe that it is close to beginning another impulse move higher. On the next significant advance, we expect $1,200 to be reached. Quant is a high conviction hold for The Forecast as its small token supply of only $14 million makes it more scarce than Bitcoin. Unlike most blockchains, QNT is being run as a private company, but has inroads to some of the most prominent financial institutions on the planet. For example, Quant’s CEO, Gilbert Verdian, has had experience at the Digital Pound Foundation (which is creating a CBDC for England), the Federal Reserve, and a number of other prominent block-based boards.

Leadership is one of the most important aspects of a company, and it appears that Quant has made the necessary connections to help Central Bank Digital Currencies interoperate via Quant. Quant is also using their Overledger technology to help bridge various networks together so that developers can pick and choose from their favorite features without being tied to one network. To use Quant’s Overledger service, customers will have to lock up a certain amount of QNT, which will in turn take it out of the circulating supply. This lockup feature will help create more demand for the network, and will help Quant become a 5-figure coin in the longterm.