QNT was one of the top cryptocurrencies in the crypto market on Monday. The altcoin gained around 25% during the intraday trading session. In this way, QNT became the most profitable altcoin of the day among the top hundred cryptocurrencies. The Quant Network token has also achieved remarkable growth on a monthly basis: despite the extremely depressed state of the crypto market and its participants, it has increased its price by 150% since the beginning of September.
Moreover, altcoin trading volume has also seen a 136% explosion in the last 24 hours. Given the reported gains over this period, it’s clear that trading volumes are heavily dependent on an influx of buyers.
Koinfinans.com As we have reported, QNT is one of the potential beneficiaries of the rising CBDC trend. Quant Network has already made headlines for its work with the Bank of England on the digital pound, and last weekend executives attended Sibos, the SWIFT conference focused on digital payments.
Quant Network (QNT) price action
In addition to a large number of key factors, the QNT chart also looks to be in pretty good shape. While the bear market is characterized by extremely difficult resistance levels and fragile support levels, the QNT chart appears during the heyday of the bull market.
QNT initially managed to hold the $91 level, then smoothly crossed the $130-$150 region and broke the $180 level before climbing to $208. However, $208 is the same level QNT crossed almost a year ago to hit its all-time high. The cryptocurrency then rose 142% in two weeks to reach $430.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.