3 Reasons Why Quant (QNT) Price Is Up 125% This Week

Real-world use cases and the value delivered are important in evaluating the long-term prospects of a crypto project, and this is especially true in bear markets where sentiment is low and the likelihood of an expanding bear market is a reality.

One project that has gained momentum over the past month despite a market-wide downturn is Quant (QNT), an interoperability-focused project designed to help companies integrate and operate technology.

Data from Cointelegraph Markets Pro and TradingView show that QNT price rose over 125% after falling slightly to $ 44 on June 22nd, when the entire crypto market was sell-off, and rose to $ 99.11 on June 25th reached a new record high.

Coinbase in full effect

QNT’s rapid price change after the pullback is due in large part to its being listed on Coinbase Pro, which has been accepting deposits since June 23rd.

Domestic transfers for BOND, LPT, and QNT are now available in regions that support transactions. The trader cannot place orders and no orders are executed. Trading will begin on June 24th at 9:00 a.m. PT if the liquidity conditions are met. https://t.co/ozmX17nhsz

– Coinbase Pro (@CoinbasePro) June 23, 2021

The price action for QNT began on June 24th when trading over limit orders opened on Coinbase Pro and their addition to the front-end of Coin base including Andriod and iOS apps on June 25 saw further increases in trading volume and token price.

As a result of the momentum brought by the new listing, QNT’s average 24-hour trading volume spiked on June 25th.

Attention-grabbing protocol upgrade

Prior to the Coinbase listing and market sell-off, QNT price began gaining traction around June 14th after its mid-year release. Technology update called Overledger 2.0. This is the trademark of the project “DLT Gateway brings interoperability between different systems, networks and DLTs”, according to the project website.

Enthusiasm for the update has been growing since the beginning of June, as evidenced by Quant’s recognition from a number of reputable sources, including a cloud infrastructure provider. oracle and professional service network Deloitte company, including the project in Nominations for the Most Breakthrough Fintech Award 2021

VORTECS ™ data bullish ahead of Quant’s latest rally

Cointelegraph Markets Pro’s VORTECS ™ data began to see a bullish outlook for QNT on June 22, ahead of the recent price rally.

The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of current and historical market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity.

As can be seen in the graph above, the VORTECS ™ Actual Volume Score hit a high of 71 on June 22nd when the market sold out and then rose 125% over the next three days.

Cointelegraph Markets Pro’s NewsQuake ™ service also highlights the announcement of Coinbase listing on June 24th, followed by a 50% increase in QNT price over the next two days.