Quant and Chainlink Surge as Tokenization Industry Booms

The tokenization industry has seen significant growth in recent times, and top projects are now reaping the benefits. Quant (QNT) has staged a remarkable comeback, surging over 40% in the last 24 hours after UK banks Lloyds, Barclays, Monzo, and HSBC UK executed the first tokenized deposits through the Great British Tokenized Deposit (GBTD) initiative powered by Quant's technology.

The QNT price has broken above $84.71, its highest level on May 16 this year, and is setting up a golden cross pattern, indicating potential momentum beyond the initial surge. However, the coin's Relative Strength Index (RSI) has reached 80, making it highly overbought, with a risk of retesting the key support level of $84.7.

Chainlink (LINK), another top oracle network, has also seen significant growth, rising by 12% in the last 24 hours as demand for tokenized assets continues to rise. The LINK price is already in a golden cross setup and has retested its key support level of $10.26, with a clear path towards $15 and potentially $20 if it clears resistance.