Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session

Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday's volatile session. Monero was also higher on Saturday, as the token extended its recent gains for a fifth consecutive day.

Timeline of Quant, Monero

 QNT's price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $100.   QNT's price continues to look weak as bearish market sentiments increase, with things looking uncertain for most traders and investors.

Quant (QNT/USD), which is the cryptocurrency utilized as a means of powering Quant Network's Overledger software solutions, and is finance-oriented, has partnered with UST, a leading digital transformation solutions company. Quant is a solution that aims to connect different blockchains and enterprise software without requiring an infrastructure.

 Monero recorded decreases in its social volume and dominance, leading to a shrink in trading volume The decline, however, did not stop XMR from showing signs of leaving the bearish zone Privacy-focused cryptocurrency Monero [XMR] faced investor concern recently as its social metrics decreased.

Quant (QNT) may not be like the Bitcoin and some of its fellow altcoins like Ethereum, Dogecoin and even Shiba Inu in terms of social dominance but it is silently making its move to be included among the list of must-have crypto assets right now. The cryptocurrency, ranking 32nd in terms of market capitalization, seems to have recovered a bit after the broader market experienced a severe slump triggered by the collapse of FTX which used to be the third largest exchange platform in the world.

Unus sed leo was a notable gainer on Thursday, as the token surged towards a one-week high. The move comes as crypto markets seem to have settled, a week on from the turbulence caused by the FTX collapse. Monero also rallied, climbing above the $130 level.

As the market attempts to recover from the FTX cryptocurrency exchange liquidity crunch, several assets are standing out, defying the general downturn. In this line, interoperability-based crypto project Quant (QNT) appears to be building momentum aiming to reclaim previous highs.

 The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Quant's sway below its EMA ribbons exhibited a heightened selling edge, can the sellers continue to propel losses?  The altcoin noted a substantial spike in its network growth but its social dominance declined Quant [QNT] marked

Monero [XMR] could be seen on a strong bearish retracement this week after previously delivering a strong upside. The retracement was the perfect opportunity for short sellers to take advantage of and make some profits.

Following the sudden, unexpected and disastrous collapse of Terra/LUNA in May of this year, the already-suffering crypto market had its collapsing value exacerbated by more market turmoil. The “crypto winter” had certainly damaged the value of most, if not all coins on the market.

Monero (XMR), an open-source, privacy-oriented cryptocurrency launched in 2014, managed to reach the $151 marker on November 2 as it briefly rallied before it experienced slight price correction. Here's a quick glance at XMR trajectory: Over the last two months, Monero traded at a narrow range that peaked at $152 Surpassing the crucial $156 marker will enable XMR to climb all the way to $172 Failure in increasing trading volume will most likely pull the crypto down to $148 At the time of this writing, according to tracking from Coingecko, the altcoin is changing hands at $149.10, going down by almost 1% over the last 24 hours.