Subreddit rewardsforcrypto has an exciting portfolio competition. Basically, readers choose a crypto that they think is most likely to increase in value over one month. All these cryptocurrencies will be placed in a hypothetical portfolio and their price movements tracked for one month. Hodlnaut has ended its sponsorship with the organisers but the crypto that comes in first still wins a prize of $25. Kudos to them for sticking it out!
Last month, I placed my bet on GMT and came in third place - from the bottom. But this “feat” will not repeat again! This month, I have decided to go ahead with Quant for the reasons below:
QNT is not a blockchain but a universal API that enables interactions and connectivity with various blockchains and bank/healthcare systems/ledgers.
Designed for institutional use, Quant provides interoperability for blockchains. As if this isn’t enough, Quant will also provide interoperability to the Metaverse and Web 3. It even allows developers to create smart contracts in blockchains that don’t support them (yes, even Bitcoin). This potential for interoperability is perhaps best illustrated in how people can use QNT to create multi-chain apps (mApps). These mApps can run on multiple chains concurrently because they require different features from different networks.
In short, QNT could hit the big leagues once businesses, be it physical or digital, start adopting it. Call it an all-rounder!
Regardless of whether I win or lose, I’m grateful towards this portfolio competition because it prompts me to do research on some of the hottest altcoins trending nowadays!