Quant Hype Spikes As Price Surges 15% – Is This A Top Signal?

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.

Timeline of Quant

Quant may derive significant growth from supporting governments' CBDC developments. As such, its native cryptocurrency QNT might benefit although this will likely be in the long-term.

Quant (QNT) token price recorded a 7.6% fall within a matter of a few hours on April 14 due to a hack in Bitrue (BTR) exchange. Seeing the sudden price dump, the crypto community suspected a hack at around 06:00 UTC on April 14.

Jane Street Group, Tower Research Capital, and Radix Trading have been revealed as the three unnamed "VIP" clients of Binance Holdings Ltd., mentioned in the Commodity Futures Trading Commission's (CFTC) lawsuit against the cryptocurrency exchange, according to a report.

As Ethereum [ETH] and Bitcoin [BTC] show bullish sentiment, it's time to analyze the Quant (QNT/USDT) pair and understand its potential for traders. With a market cap of $1.5 billion, Quant has been hovering around the $125 price level and presented mixed signals despite the bullish sentiment in the market.

As numerous cryptocurrency projects have been evolving with each passing day. It has become imperative for the space to ensure a secure and efficient blockchain network. The Quant protocol intends to mark its stance, by resolving the technical glitches related to the interoperability of blockchains.

Crypto insights firm Santiment says that one Ethereum-based altcoin just experienced its largest surge in whale activity in almost a year and a half. According to Santiment, interoperability blockchain Quant (QNT) had 187 six-figure transactions on January 7th, the most since September of 2021.

According to a report by Santiment, Quant (QNT) has just recorded its largest amount of whale transactions in 16 months. The on-chain analytics platform noted that 187 QNT transactions were executed today, culminating in a value of over $100,000, the highest the Quant Network has recorded since September 2021.

During the intraday trading session on 7 January, there was a noticeable increase in the number of large transactions (over $100,000) involving Quant [QNT], data from Santiment revealed.

Self-acclaimed future of finance, Quant [QNT] has had quite an interesting year since it conquered flat market conditions. Between June and August, the QNT price surged from $48 to $124.

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.