$QNT has rallied by 200% in one week after The Clearing House announced that they will use Quant’s technology in tokenizing their interbank payments, which total to around $2 trillion in volume per day.
But here’s why I don’t think its pump will last…
Quant does not have its own native L1 blockchain!
It’s stupendously bullish that hundreds of trillions in dollars will be settled using programmable money and smart contract governance, but none of that creates direct value for
$QNT’s token.
Yes, they will likely setup the infrastructure for tokenization amongst smaller and bigger banks, and streamline interoperability.
But Quant is not where I’m planning to park capital, I think that the play here is
$ETH,
$SOL,
$BNB,
$AVAX and
$XLM.
L1 coins need to be purchased by the individuals who want to use their native chain, unlike QNT.
Once hype is over around the TCH news, and sustained purchasing of Quant drops, I see the pump fading away.