Quant Defies Crypto Market Decline With 227% Price Surge
Quant (CRYPTO: QNT) has emerged as one of the top-performing cryptocurrencies over the past week, bucking the trend of declining large-cap names. Despite a struggling market for Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), Quant's token price exploded by 227% in just seven days.
The token's price climbed from $66 to a high of $358, pushing its market capitalization to $3.56 billion, up from $975 million the week prior. This surge has pushed Quant's token levels to those not seen since over five years ago.
The Quant Network, an interoperable operating system connecting different blockchains with traditional banking networks, is behind the token's success. A recent partnership with Clearing House, a banking association and payments company, saw Quant selected to settle its new tokenized-deposit transactions.