Despite the crypto market dropping in the last few days, Quantstamp (QSP) has shown remarkable growth, pushing up by over 10% in the last 24 hours. This has pushed up its market cap to around $132 million. So can it get to a billion, or even more in the near future? The answer is yes, and here is why.
Quantstamp is focused on securing smart contracts. At the moment, they have perfected this technology, and have audited millions of smart contracts. This gives Quantstamp a first-mover advantage in the smart contract security market. While others may come up along the way, Quantstamp will have already built a reputation in the market, making it hard to dethrone it. As the value of smart contracts in the market grows, and the value of the entire crypto market approaches a trillion dollars, Quantstamp will easily get to a valuation of a billion dollars or more.
The greatest pointer to the future growth of Quantstamp (QSP) is the increased adoption of smart contracts both by governments and the private sector. A few months ago, the government of Brazil announced that they were looking to try out Ethereum smart contracts in enhancing efficiency in their electoral systems. Sierra Leone too, has used this blockchain in enhancing the integrity of its elections in the past. Corporations across the world are also adopting blockchain technology. All this points to one thing, and that’s the fact that smart contracts will be a part of everyday life in the near future.
We are headed into a future where everything we interact with on the internet will involve blockchain in one way or another. Once that happens, the crypto market could easily be worth over $20 trillion dollars or more. Out of this a good chunk of it will be in the smart contracts segment. If just 20% of it were made of smart contracts, and Quantstamp were to be used in securing just 2% of them, it would have a value of $8 billion.
Ofcourse, that is pretty much on the lower side. Once blockchain becomes engrained in the fiber of society, the value of this market will be way higher than $ 20 trillion. Quantstamp too will capture more than just 2% of the smart contracts security market, now that it already has a headstart in this market. In the next 5 years, Quantstamp could easily have a market capitalization of $10 billion or more.
For someone looking to invest in a long-term project that has an actual use case, and a strong value growth potential, Quantstamp is the project to go for. It is targeted at one of the most promising aspects of blockchain technology, one that even governments are open to adopting, and that’s smart contracts.
With these factors at play, it is not hard to see why Quantstamp (QSP) is a steal at its current price of under a dollar. This is one crypto that will create millionaires in the next few years. Betting on Quantstamp is betting on future of internet itself.