QuarkChain (QKC) Price Prediction – 2023, 2025, 2030

QuarkChain (QKC) Overview

QuarkChain (QKC) Introduction

Blockchain adoption and use case are increasing rapidly. The most prominent financial institutions are researching the technology to position their services and products to benefit from the advantages of the blockchain. This expansion of use cases continues to increase the volume of transactions on blockchain networks, which is projected to continue.

For blockchain networks to keep up with the pace and demands of expansion, networks must be regularly scaled to accommodate more resources to increase throughput. For instance, in January 2018 transaction fee on the Ethereum network was 47 times higher than the May 2017 level due to the massive number of transactions and congestion on the Ethereum network.

The challenge to scalability is that it might compromise security and decentralization in what is now known as the blockchain trilemma. The blockchain industry has employed tradeoffs, sharding, lightning networks, and multiple blockchains strategies to scale networks. While these techniques have been successful in offloading transactions and increasing throughput while not compromising security and decentralization, they do not provide a lasting solution.

QuarkChain’s shard-based blockchain architecture, which can process an unlimited number of transactions per second, was created to solve this problem.

What is QuarkChain (QKC)?

QuarkChain is a permissionless blockchain network that aims to meet global commercial requirements with the capacity to sustain a secure, decentralized, and scalable blockchain solution to deliver 100,000+ on-chain transactions per second.

The following principles guide the QuarkChain Network:

• Enhancing network scalability without compromising security and decentralization
• Seamless Cross-Shard transaction for user quality of experience
• Flexible account management
• Open standard support for Decentralized applications
• Incentive driven ecosystem  

Blocks of current blockchain technology contain two basic functionalities: the Ledger and Confirmation. The Ledger performs transactions and documents data on the chain while the Confirmation function validates the records of the transaction recorded by the Ledger and mines blocks desired difficulty levels. The data-intensive ledger function creates constrain because there is a limit to the amount of data that can be packed into the blockchain. In contrast, the energy-intensive Confirmation function combines with the Ledger to limit blockchain scalability.

In contrast to current blockchain designs, QuarkChain splits the above-mentioned basic functionalities into two layers to ensure scalability and protect security. The QuarkChain network operates an elastic shardy blockchain layer. This layer contains a sum of minor blockchains that independently process minor transactions, thus, making it possible to process more transactions as the number of shards increases.

Secondly, QuarkChain has a Root Chain which provides an extra layer of confirmation for all blocks from the minor blockchain. QuarkChain makes it possible to increase the number of shards on an active network without compromising security. QuarkChain evenly distributes hash power among minor blockchains to ensure equal output, which increases speed and transaction efficiency as shards increase.

QuarkChain can prevent the double-spend attack by using its RootChain, which controls over 50% of the network’s hash power.

The RootChain is powered by the Proof-of-Work consensus algorithm similar to the Bitcoin, while the Shards run on the Root-Chain-First PoW consensus algorithm.

The native token of the QuarkChain is the QKC. It functions as a unit of exchange and payment for services within the network. In contrast to other networks, holders of the QKC enjoy no special rights.

QuarkChain Fundamental Analysis

QuarkChain provides a needed solution to the scalability problem of the blockchain without compromising security and decentralization like other networks. This puts the project in a strategic position as the blockchain. Continues its ride to global adoption.

Scalability

QuarkChain aims to support more than 100,000 on-chain TPS. The network uses a multiple Shard system that evenly distributes hash power for equal contribution to total output. Increasing shards, therefore, increases network speed and throughput. QuarkChain can increase throughput by about eight times the capacity of single shard networks. QuarkChain developers created an 18 node and 8 Shard network, which allows for flexible and speedy transaction verification.

QuarkChain is still a long way from reaching its 100,000 transactions per second. This implies that the network possesses huge capacities to handle even more transactions. With its pooled mining and dual blockchain layers, QuarkChain enables the dramatic scaling of its network. Its advanced sharding technology can increase the number of Shards in a network, increasing the capacity to process more transactions per second in real-time.

Collaborations 

Despite its novel technologies and solution to the problem of scalability, QuarkChain has struck a fine set of partnerships to further its course. In 2021, QuarkChain partnered with Knit Finance, a unique decentralized protocol for creating cross-chain wrappers for some of the biggest assets. The partnership will allow QKC integration into the Knit Finance multichain platform, enabling QKC users to transact the token across multiple independent blockchains in a wrapped K-QKC token.

In 2021, Dragon Vein partnered with QuarkChain to further its blockchain business through the Quark chain ecosystem.

Center Prime, a blockchain platform based on sharding. The partnership will see QuarkChain gain access to the Defi ecosystem through Center Prime’s Oracle perceptron Wallet SDK. This will make it possible for QuarkChain to provide financial services within the real-life economy in the areas like transportation, gift certificates, and overseas remittance fees.

QuarkChain also has partners with angel investors with whom the project has raised over $20 million. These investors include Chain Capital, Fission Capital, and Espeed Capital, among others.

QuarkChain (QKC) Current Price

QuarkChain is currently worth $0.012225 USD. QKC has moved 4.36% in the last 24 hours with a trading volume of $8,722,847. QuarkChain is currently ranked 860 amongst all cryptocurrencies with a market capitalization of $85,344,978 USD.

Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for QuarkChain (QKC) to decide wether it is going to have a bullish or bearish year.

QuarkChain (QKC) Current Price Predictions

The technical analysis and fundamental indicators of QuarkChain put the project on a ride to success. Also, its solution to scaling all combine to create a blockchain technology with the capacity to play pivotal roles in the coming years. let’s find out what our intelligent AI systems make of the QKC price in the future.

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

QuarkChain (QKC) Price Prediction 2023

QuarkChain, according to some, is one of the most amazing cryptocurrencies to rise this year (QKC). The QKC price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $0.018337.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.017115 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. QKC is expected to have a minimum value of $0.01467.

QuarkChain (QKC) Price Prediction 2024

In 2024, QuarkChain QKC 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 QKC will soon surpass $0.030562. However, we should wait to see if the QKC’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, QKC will trade with a minimum trading price of $0.024449 and an average trading price of $0.026894.

QuarkChain (QKC) Price Prediction 2025

If the upward trend continues until 2025, it could reach $0.042786 and QKC may profit. If the market experiences a decline, the goal may not be met. QKC is expected to trade at an average price of $0.039119 and a low of $0.036674 in 2025.

QuarkChain (QKC) Price Prediction 2026

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

According to our projections, QKC will be green in 2026. The QKC is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $0.055011, with a minimum price of $0.048899 and an average price of $0.051344.

QuarkChain (QKC) Price Prediction 2027

After some extensive forecasting and technical analysis, we estimate the QKC price is expected to cross an average price level of $0.063568 by 2027, with a minimum price of $0.061123 expected before the end of the year. Furthermore, QKC has a maximum price value of $0.067236.

QuarkChain (QKC) 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 $0.075793. If QKC manages to break the resistant level in 2028, we could see a maximum price of $0.07946, failing to gather the support QKC needs by 2028 could result in a low of $0.073348.

QuarkChain (QKC) Price Prediction 2029

While QKC 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 $0.085573 and a yearly price close above $0.091685 in 2029.

QuarkChain (QKC) Price Prediction 2030

By 2030, QuarkChain will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.097797 and potentially reach a maximum price value of $0.10391, averaging out at $0.100242.

QuarkChain (QKC) 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 QKC price in 2031 is projected to be $0.119802 in the event of a bull run, with an average price level of $0.114912.

Conclusion

The price forecast for QKC is based on its solution proposition’s value, technical analysis, and fundamental indicators. As blockchain use cases increases and traffic explodes, scalability will create severe problems to which QuarkChain’s solution would be essential.

Premium QuarkChain (QKC) Price Predictions

Create your account below to receive exclusive access to a wide range of trading tools such as premium QuarkChain price predictions, advanced QKC buy/sell signals and much more.

FAQ

Latest Predictions