Quantstamp is an Etherium-based blockchain aiming to improve and decentralize smart contracts auditing process. They are backed by Y-Combinator and aim to create a smooth-running and effective system for smart contract audits on Etherium. Here, developers can submit their code for the review, pay for the audit, and get it from the platform’s validators for a bounty of QSP crypto.
After a series of controversies, Quanstamp prices began to fall, and we believe that these turbulent times require a price prediction on QSP.
Quantstamp (QSP) Fundamental Value
Quantstamp Inc. was founded by Richard Ma, its current CEO, and Steven Stewart, a CTO, back in 2017, as a company that will handle smart contracts audits. Both of them closely worked with IT and fintech, with Ma being a software engineer at Tower Software, while Stewart was a founder of Many Trees Inc. startup.
Quantstamp provides a new security protocol that will significantly speed up the verification process, which is sorely needed. Why is it so? Well, as it happens, blockchains are growing rapidly, but to verify their reliability, you need to audit them. Usually, it is done by hiring programmers to check the code. However, the number of auditors is significantly less than the demand for their services, and the work process is slow. This leads us to Quantstamp and its bounty-based audit protocol.
Basically, it relies on a decentralized network of contributors (those who provide code) and validators (those who audits it). Contributors post their code on the platform, then set up a bounty in QSP crypto tokens, which are ERC-20 tokens at their base, and validators check it and receive their just rewards. Another way to get rewards would be to provide computing power for validators through validation nodes.
Quantstamp relies on social outreach and communal solidarity, so they use a Proof-of-Caring scheme to encourage validators to further help out fellow users and/or spread the word about the platform.
|Network type||Ethereum Blockchain|
|Curr. Supply / Total Supply||617,314,171/976,442,388 QSP|
|ROI since launch||-84.52%|
Quantstamp (QSP) Price History
Starting out at $0.1 on its launch, Quantstamp’s price peaked at $0.65 on January 8, 2018. At the time Quantstamp coin market cap reached more than $430 million USD.
After that, though, it began its steady decline, before plateauing at its current price of $0.01, with only the minute changes in the QSP price. Now, let’s take a look at what awaits Quintstamp in the future.
Quantstamp (QSP) Technical Analysis
Right now, there is no existing comprehensive technical analysis available for Quantstamp. What we do have, however, is TradingView’s answer to the question “Is Quantstamp a good investment?” Let’s take a look, shall we?
Quantstamp (QSP) Price Prediction 2020-2025
#1. Coinfan Quantstamp Price Prediction 2020-2025
Coinfan’s forecast predicts that while QSP coin price will rise in the short term (in the next year), further on it will continue to fall to the current levels. Still, by their data, Quantstamp (QSP) makes for a good one-year investment, as it will grow up to $1.55, or an 8600% rise. So, what do other forecasts say?
#2. QSP Price Forecast for 2020-2025 by Wallet Investor
As it happens, Wallet Investor doesn’t believe that Quantstamp price will rise, at least not within a year. What it does believe, is that it will continue to go lower, down to $0.001 per token, which would be -89.7% decline. So, all in all, they consider it a bad investment.
#3. CryptoGround Price Prediction for Next 5 Years
CryptoGround, on the other hand, has a much brighter future for its Quantstamp price prediction. According to them, while QSP price may fall further short-term, in the long run it will rise and by 2025 will reach a whopping 4,309% growth! That means that QSP crypto will cost about $0.59 per token. Not that shabby, is it?
#4. Digital Coin QSP Price Prediction for 2020-2025
Digital Coin agrees with CryptoGround, and also predicts long-term growth of Quantstamp token. While their forecast is a little less optimistic, it still allows price rising up to $0.045 by 2025, meaning more than 400% growth. Once again, not a bad investment returns.
As we can see, QSP is a crypto token which started off as a strong contender to other blockchains. Sadly, it didn’t last long, and now the company behind it faces an uncertain future. While most forecasts agree that in the long term it will either rise or stabilize, it depends on how Quantstamp and its users handle the current situation.
For now, even the company’s audits are paid out in fiat, which only serves to confuse QSP users even more. Still, Quantstamp continues to improve and develop, so there is a good chance of it weathering the crisis and finding out how to escape the downward spiral they found themselves in. So we’ll have to wait and see, but for now, it would be wise to be cautious while investing in QSP crypto.