Tokenized Deposits Surge: Quant, Chainlink, Ondo Prices Soar
The tokenized deposit market has seen significant growth in recent months, with several major UK banks participating. Quant (QNT), Chainlink (LINK), and Ondo have been among the top performers, with QNT jumping by over 40% in the last 24 hours.
Quant's price surged after several UK banks executed tokenized deposits through the Great British Tokenized Deposit (GBTD) initiative. The token moved above the crucial resistance level of $84.71 and is setting up a golden cross, indicating potential continued momentum. However, QNT has become highly overbought, with an RSI of 80, which could lead to a temporary pullback.
Chainlink's price has also seen significant growth, moving from a low of $7.15. The token is the core oracle layer for tokenized real-world assets and has formed a golden cross pattern. This suggests that Chainlink has more upside potential, with targets at $15 and then $20 if it clears resistance.
Ondo's price has jumped after partnering with BlackRock and receiving an innovation exemption from the SEC. The coin has moved above its key resistance level of $0.4843 and is showing continued momentum according to the Average Directional Index (ADX).