QNT price movement after Quant and UST partnership

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.

Timeline of Quant, Terrausd-wormhole

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.

A third-party audit has revealed that the Luna Foundation Guard spent $2.8 billion to defend the peg of the algorithmic stablecoin TerraUSD (UST).  Audit Findings Reported The audit was conducted by JS Held, a Jericho, New York-based consultancy firm.

With the ongoing FTX collapse, some crypto investors nearly forgot about the Terra LUNA-UST collapse. In the aftermath of Terra's collapse, the Luna Foundation Guard (LFG) spent roughly $2.8 billion defending the UST's peg.

An on-chain audit commissioned by the Luna Guard Foundation (LFG) and Terraform Labs (TFL) to provide transparency into the actions of the two organizations in their unsuccessful defense of the TerraUSD (UST) peg has concluded that there was no embezzlement

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

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.

Crypto hedge fund Arca has shut down its Digital Yield Fund, a $20 million fund that had exposure to terraUSD.  The post Crypto hedge fund Arca shutters down TerraUSD-exposed fund appeared first on The Block.

The Singapore-based crypto lender has lost close to $190 million, as per reports, due to its exposure to Terra's algorithmic stablecoin UST. The crypto lender platform had downplayed its exposure to Terra's stablecoin UST despite the fact that it had suffered a huge loss from the recent wipe-out.

The Quant (QNT) crypto price is nearing the end of its short-term correction, after which a significant upward movement is expected. The post Quant (QNT) Price Prediction: Drop To $150 Will Be Followed by Massive Increase appeared first on BeInCrypto.