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Thursday, January 26, 2023

QNT Price Has Rallied By 125%

One of the few projects that have gone in a completely opposite direction to the downturn in the crypto market is QNT. For the uninitiated, Quant is simply a project that is interoperability-focused and specifically designed to utilize high-end enterprises integrate as well as operated distributed ledger technology.

The success of this project is due to the real-world where used cased help in evaluating the long term prospects of any crypto project. And the fact turns even truer when the markets have been on the down-low with sentiments running low.

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According to data from Cointelegraph Markets Pro and TradingView, it has been understood that there was a small dip in the price of QNT to around $44 on the 22nd of June where the entire market of cryptocurrency was veered towards a sell-off. Incidentally, after that, the QNT price did surge by around 125% where it established a new high of $99.11 on the 25th of June. 

Coinbase bump in full effect for QNT

The fast turnaround in the QNT price which followed the pullback was in part due to it being listed on the Coinbase Pro- which started accepting deposits on the 23rd of June. The Quant price action did start picking up on the action on the 24th of June with trading and limit orders opening up on the crypto storage.

Further, such features got foregrounded to the crypto storage which includes the iOS apps as well as Android on the 25th of June- seeing another boost in the trading volume and the token price. Now, this resulted in a big momentum coming in through the new listing- where the average daily trading volume for the project rocketed on the 25th of June. 

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Even before the market sell-off and the subsequent Coinbase listing, the price of QNT had started gaining major traction around the 14th of June. This was then followed by the release of the Overledger 2.0- the latest technology update.

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