DigiToas Emerges as a Promising Meme Coin, While Quant and EOS Enhance Their Positions in the Crypto Market

The cryptocurrency sector faces numerous challenges, including regulatory pressures, valuation concerns, and high volatility, leading to a bearish trend. However, amidst this uncertainty, a few standout projects are making waves.

Timeline of Eos, Quant

The native currency of Quant, a blockchain platform that helps financial institutions incorporate digital currencies into their businesses, on June 15 soared 20% following its partnership announcement with the Bank of England for Project Rosalind. Quant Collaborates With BIS And The Bank Of England Project Rosalind is a central bank digital currency (CBDC) initiative, led by the Bank for International Settlements (BIS) and the Bank of England.

London-based enterprise blockchain solutions provider Quant has revealed its groundbreaking partnership with the Bank of England and the Bank for International Settlements (BIS) in their joint venture, the Rosalind project. The initiative aims to explore the potential of APIs for the development of CBDC systems.

We continue with our column related to prices and news of the crypto world, in particular today we will focus on three interesting projects, which we have discussed before: Stellar (XLM), Quant (QNT) and Shiba Inu (SHIB).

EOS, once among the top ten cryptocurrencies based on market capitalization, has seen a decline in its position and currently stands in the top 50. This journey, filled with setbacks, has become a topic of great discussion within the industry.

After setting the record for having the largest initial coin offering in history, the EOS network suffered various setbacks, including fines and allegations of market manipulation.

EOS Network Foundation, a nonprofit that oversees the progress of the EOS blockchain ecosystem, shares the most impressive accomplishments it has registered in the last 12 months. The blockchain celebrates the fifth anniversary of its mainnet operations with rocketing community growth, new technical developments and ecosystem incentives for developers.

Quant (QNT), an Ethereum-based token, has experienced a 15.15% increase in its price over the past seven days. QNT plays a vital role in Quant Network's Overledger, a suite of enterprise software solutions designed to connect public blockchains and private networks seamlessly.

The long-standing battle between the EOS Foundation and Block.one (B1), the company behind the EOSIO blockchain, is set to take a new twist. Over the weekend, the EOS Network Foundation's (ENF) founder and CEO, Yves La Rose, proposed some possible measures.

EOS (EOS/USD) price has come under selling pressure as a somber mood engulfs the stock and cryptocurrency market. The coin dropped to a low of $0.8578 on Tuesday, the lowest level since January 4 of this year. It has crashed by more than 35% from its highest level this year. EOS Foundation and Block.

In a recent development within the EOS Network (CRYPTO: EOS) community, its founder Yves La Rose urged community members to explore the possibility of initiating legal proceedings against Block.one (B1), a key investor in the network. According to La Rose, B1 has not fulfilled its commitment to a $1 billion investment, which it had promised at the time of the network's initial coin offering (ICO) in 2018.