Quant Surges 500% Amid Growing Adoption, Near and Zcash Also Strong
Quant (QNT) has surged from below $60 to over $300 in just a few days due to growing adoption of its technology. The token's utility rose, with major British banks using it for tokenized deposits and Clear Street embracing the tech as well.
The surge was accompanied by rising demand for coins in the real-world asset (RWA) tokenization industry. QNT's 24-hour volume skyrocketed by 281% to $1.2 billion, while futures open interest continued its strong upward trend. CoinGlass data shows that the supply of QNT in exchanges has continued falling.
Quant price moved above all moving averages, indicating that bulls had prevailed. However, the upward trend may be overextended, as evidenced by the Relative Strength Index (RSI), which jumped to 94, a sign it has become highly overbought.