Quantstamp (QSP) Price Prediction – 2023, 2025, 2030

Quantstamp (QSP) Overview

Quantstamp (QSP) Introduction

Quantstamp launched with great success in 2017. The Quantstamp project has since been developing its protocol and has completed several high-profile audits but got caught up in major controversy in 2021. 

Since then, many Quantstamp users have lost their trust in the token, leaving its position in the market today up for debate. If you’re curious about the platform’s future prospects, look no further.

In this Quantstamp price prediction, we’ve summarized everything you need to know about the price of Quantstamp, from the current price to maximum price, Quantstamp price today, average forecast price, minimum price, market cap, and beyond. 

We also consider whether Quantstamp will likely be a good investment for the future. Keep on reading to learn more from our updated Quantstamp price forecast.

What Is Quantstamp (QSP)?

Quantstamp is a blockchain-based, smart contract security auditing protocol built to make the decentralized internet more secure. The platform scans smart contracts to detect security gaps, and the Quantstamp team claims the system has managed to safeguard over $100 billion in digital assets. 

Quantstamp can be used as a building platform for developers and trading and exchanging cryptocurrency, alongside securing blockchains.

The platform employs a transparent proof-of-audit protocol to build a network connecting investors and developers, with automated checks to pinpoint any vulnerabilities in shared smart contracts. The network automatically rewards developers who detect vulnerabilities in smart contract codes.

Quantstamp or QSP are the native tokens of the project used to power the network. QSP tokens are used to compensate individuals for scanning smart contracts for vulnerabilities and purchasing audits on the platform.

The Quantstamp protocol has two main components. The first is the automated software platform that verifies code, and the second is an automated bounty system. This helps reward developers for manually scanning and verifying the code and detecting any bugs. The manual bounty system is a filler until a fully automated system can be employed.

The Quantstamp (QSP) Team

Heading the Quantstamp team are co-founders Steven Stewart and Richard Ma. Stewart has been a prominent figure in the developing space, having held a position in the Canadian Department of National Defense as a systems analyst at a young age. 

Richard Ma began his career as an engineer and has been an early investor in blockchain security, having held positions in Visa, Zoosk, and Yahoo.

Besides the founders, the Quantstamp senior research team also comprises illustrious experts in the blockchain and finance departments, as well as computing modeling professionals and serial entrepreneurs.

Quantstamp (QSP) Fundamental Analysis

We conducted a thorough analysis of the Quantstamp protocol. Below, we’ve highlighted some of the best features of the network.

Partnerships & Use Case

Despite its fair share of controversy, the Quantstamp protocol has managed to secure partnerships with several industry giants. It has gained sponsorships and funds from Y Combination, Plug and Play and partnered up with Binance, Cardano, OmiseGO, and many other prominent names. These partnerships not only provide credibility to Quantstamp’s future, but the platform is also backed by an ever-rising demand for smart contract security, which could propel future growth.

Ethereum Compliance

QSP tokens are ERC-20 token compliant, meaning that as long as ERC-20 remains in use, using Quantstamp will also be convenient. Ethereum’s success and popularity also allow QSP users to choose between a great variety of crypto wallets to store and transfer their QSP tokens.

While the project is backed by an innovative, expert team and has solid fundamentals, it has unfortunately been surrounded by some controversy which has left Quantstamp’s future looking rather bleak. We’ve discussed this in more detail below.

Quantstamp (QSP) Technical Analysis

When it was first launched, Quantstamp had one of the most active, vibrant communities in the cryptocurrency market, but that is unfortunately no longer the case. This is a result of a controversy that took place in June 2018, where QSP token holders uncovered that Quantstamp had accepted USD and Ether tokens in exchange for its audit services.

Token owners were rightfully frustrated and upset, accusing the team of engaging in practices that undermined the utility of the QSP token. Since then, QSP’s price has been on a downward trajectory. The QSP use case has not managed to recover significantly since 2018, and with an unclear use case, an increase in the token’s value is also unlikely.

Quantstamp also has actively avoided commenting on the situation, which has further led many investors to abandon the token. Only if the project heads take a transparent approach and manage to increase the QSP use case can the token get back to the position it once held in the crypto market.

Quantstamp (QSP) Current Price 

Quantstamp is currently worth USD. QSP has moved in the last 24 hours with a trading volume of . Quantstamp is currently ranked amongst all cryptocurrencies with a market capitalization of USD.

Quantstamp (QSP) Price Prediction

Our Quantstamp price predictions are formulated on detailed technical analysis. We employ real-time Quantstamp market data to update our website with a dynamic Quantstamp price forecast.

Curious about the price of Quantstamp? Check out our Quantstamp price prediction below.

Our price prediction forecasts use real-time Quantstamp (QSP) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

Quantstamp (QSP) Price Prediction 2023

Quantstamp, according to some, is one of the most amazing cryptocurrencies to rise this year (QSP). The QSP price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching .

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. QSP is expected to have a minimum value of .

Quantstamp (QSP) Price Prediction 2024

In 2024, Quantstamp QSP price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of QSP will soon surpass . However, we should wait to see if the QSP’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, QSP will trade with a minimum trading price of and an average trading price of .

Quantstamp (QSP) Price Prediction 2025

If the upward trend continues until 2025, it could reach and QSP may profit. If the market experiences a decline, the goal may not be met. QSP is expected to trade at an average price of and a low of in 2025.

Quantstamp (QSP) Price Prediction 2026

If Quantstamp successfully boosts market sentiment among cryptocurrency enthusiasts, the QSP coin price could remain stable for the next five years.

According to our projections, QSP will be green in 2026. The QSP is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth , with a minimum price of and an average price of .

Quantstamp (QSP) Price Prediction 2027

After some extensive forecasting and technical analysis, we estimate the QSP price is expected to cross an average price level of by 2027, with a minimum price of expected before the end of the year. Furthermore, QSP has a maximum price value of .

Quantstamp (QSP) Price Prediction 2028

Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around . If QSP manages to break the resistant level in 2028, we could see a maximum price of , failing to gather the support QSP needs by 2028 could result in a low of .

Quantstamp (QSP) Price Prediction 2029

While QSP is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at and a yearly price close above in 2029.

Quantstamp (QSP) Price Prediction 2030

By 2030, Quantstamp will finally surpass its previous ATH values and record new price levels. The minimum price could be and potentially reach a maximum price value of , averaging out at .

Quantstamp (QSP) Price Prediction 2031

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum QSP price in 2031 is projected to be in the event of a bull run, with an average price level of .

Conclusion

There is a major security gap in the smart contract system, and Quantstamp was founded as a promising and innovative project to help fix this major issue. In its early days, the platform announced an ambitious program to automate smart contract code validation, eliminate dangerous vulnerabilities in smart contracts on blockchains and reward node operators for their contribution.

With smart contract usage expected to reach sky-high figures in the near future, an auditing platform like Quantstamp becomes a necessity to ensure security. If the platform stands its ground, it has the potential to help create a future reality of bug-free smart contracts.

However, since the 2018 controversy, Quantstamp’s position in the market has been severely compromised. QSP token holders have lost their faith in the protocol, and it is unlikely that QSP’s price will manage to recover from this setback.

Considering the significant drop in users and current market sentiment, this Quantstamp price prediction estimates that QSP tokens could be a risky investment. It is vital to conduct your own research before deciding if buying QSP could be a good investment for you.

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