Even though Quant (QNT), an enterprise blockchain operating system, skyrocketed last week, up over 340%, Jan Nieuwenhuijs, a popular Wall Street analyst, expects this cryptocurrency to escalate further and reach a target of $10,000.
Nieuwenhuijs — who urged investors to purchase at least 1 Bitcoin (BTC) on July 11, 2013 — set a price target for Quant at $10,000, according to his X post on September 26, which Finbold analyzed on September 28.
“Today I advise everyone to buy at least 1 $QNT. Risk: lose $120, potential: earn $10,000,” Nieuwenhuijs emphasized.
The analyst, who is also bullish on gold despite its short-term choppy consolidations, believes in a further uptrend in QNT due to its recent positive developments. Specifically, Nieuwenhuijs points to Quant’s major September 24 partnership with The Clearing House to power its United States on-chain money initiative.
The Clearing House is a core banking association and payments operator that is owned by several leading banks in the U.S., including JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corporation (NYSE: BAC), Citigroup Inc. (NYSE: C), and Wells Fargo & Co. (NYSE: WFC).
As such, Quant Network is well positioned to gain from the anticipated exponential growth in tokenization of real-world assets (RWA), catalyzed by regulatory clarity and mainstream demand. Furthermore, U.S. banks will be seeking to tokenize RWA assets for seamless trading through the Quant network.
Is Quant (QNT) a good crypto to buy?
At the time of writing, QNT had rallied roughly 258% over the past 30 days, trading at $220.27. Over the past 24 hours, Quant had a reported trading volume of approximately $1.44 billion, up 141%, as per data from CoinMarketCap.
The token’s market capitalization hovered at about $2.65 billion. Amid its strong fundamentals, including recent institutional adoption, Nieuwenhuijs believes that this mid-cap could rally 4,440% to reach $10,000.
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