Quant (QNT) Gains Over 34% In A Turbulent Week For Others

Quant (QNT) is the first blockchain OS that enjoyed continued gains in the last week despite other coins facing turbulent times. The top-30 coin has enjoyed a five-day upswing, gaining over 34%. As of writing, Quant’s price is trading at $198, although it broke its $206 resistance during the day. The token is experiencing a resurgence that has seen it beat Bitcoin (BTC) and Ethereum (ETH) over the same period. However, it’s still trading at about 50% below its all-time high of $427.42. Related Reading: Crypto Won’t See Bull-Run Anytime Soon, This Expert Explains Why Why Is Quant Gaining So Much? Santiment, a blockchain analytics startup, attributes QNT’s increase to “Volume, daily active addresses, and whale accumulation.” The company also said that whales had amassed 15% of the currency in just 5 months. Intotheblock data reveals that around sixty percent of coin holders acquired their coins between one and twelve months ago. However, it appears that the network’s recent changes are what piqued the interest of a new generation of holders. The network introduced the Tokenise mechanism in June, enabling the production of QRC20 tokens compatible with ERC20 tokens. The network also supported the QRC721 standard, allowing users to build and deploy safe, interoperable non-fungible tokens on its blockchain. Lunar Crush’s data also suggests that social media generally has positive attitudes toward ...