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Crypto outperformer: Quant (QNT-USD)
Crypto outperformer: Quant (QNT-USD)
Bitcoin (BTC-USD), which accounts for ~46% of the entire cryptocurrency market, is trading -40% below its 2021 ATH, a mere +1.5% higher in the past 7 days... Meanwhile, Quant (QNT-USD) has rallied to a new ATH price over the past week, up nearly +65%.
The Quant project has also seen a major influx of investor buzz -- Mentions of the network’s governance token, $QNT, have gained by an impressive +227% QoQ on a 30-day moving average.
So, what does it do? In short, the Quant team aims to solve the problem of blockchain interoperability with the world’s first blockchain-based operating system: Overledger Network. If properly implemented, it could solve many extant problems within the crypto space. However, the technology is still in the early stages of development.
With Bitcoin (BTC-USD) dragging the entire crypto market lower, the strong price trend for QNT suggests a promising degree of organic adoption and staying power for this unique project.