Quant [QNT] Price Analysis: 05 April

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.

Timeline of Quant

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.

 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.

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.

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.