Coin Bureau Says DeFi Making Comeback As Uniswap, Aave, THORChain and Two Additional Altcoins Overperform

July 13, 2022 The Daily Hodl

3 reasons why Quant price has rallied 200% in the last month

September 8, 2021 Coin Telegraph

Increased interoperability between blockchain networks and the release of Overledger 2.0.5 are just a few of the reasons for QNT’s 200% rally in August.

Interoperability between blockchain networks has emerged as one of the most important concepts in the cryptocurrency ecosystem due to the fact that users are looking for the most cost-effective ways to transfer value across the ecosystem.

One interoperability-focused protocol that has seen its price skyrocket to a new all-time high is Quant (QNT), a project designed to help enterprises integrate and operate distributed ledger technology (DLT).

Data from Cointelegraph Markets Pro and TradingView shows that since reaching a low of $178 on Sep. 1, the price of QNT has surged 117% to a new all-time high at $387 on Sep. 6 as its 24-hour trading volume spiked to a record $740 million.

*QNT/USDT 1-day chart. Source:* *TradingView*

Three reasons for the bullish surge in QNT price include its recent protocol upgrade to Overledger 2.0.5, the launch of the Quant developer program and increased access to its supply after listing on the largest crypto exchanges.

Interoperability expands

The release of Overledger 2.0.5, the protocol’s DLT gateway for businesses, offers universal interoperability between various protocols and allows users to connect any system to any network or DLT.

Overledger 2.0.5 released to bridge ecosystems with Stablecoins, DeFi, NFTs & popular ERC20/ERC721 digital assets for clearing & settlement.
 
The new Payment API settles between different digital asset types with a few lines of code.
 
More: https://t.co/Qte4ot49yJ #NFT pic.twitter.com/R7NybtFZIS
— Quant (@quant_network) September 7, 2021

According to Quant, the release of Overledger 2.0.5 marks a key milestone in the development of a “bridge that connects institutional and enterprise ecosystems with stablecoins, DeFi, NFTs and popular ERC20 and ERC721 digital assets for clearing and settlement.”

The Overledger Payment API supports clearing and settling between different digital assets, stablecoins, collateralizing NFTs with stablecoins and the ability to conduct multi-DLT DeFi payments by combining lending and staking products with new settlement options.

QNT offers incentives to developers

A second reason for the growing strength seen in Quant is the launch of the Quant developer program which is designed to entice new developers to join the ecosystem.

Active communities are a hallmark of a successful blockchain ecosystem and developers play a crucial role by creating on-demand applications and protocols that attract users and encourage on-chain activity.

Successful networks like Polkadot, Ethereum and Cosmos all have extremely active developer communities so if Quant is able to replicate this level of activity the network could thrive.

Major exchange listings boost trading volumes

A third reason for the strong performance from QNT is the token's availability on the largest cryptocurrency exchanges in the sector.

In the last few months, QNT was added to Coinbase and Binance, which helped its 24-hour trading volume jump from a daily average of $9 million to over $740 million on Sep. 6.

QNT is launching on https://t.co/bCG11KveHS & in the iOS & Android apps within the next 15 mins. You may need to update your app to buy, sell, convert, send, receive or store QNT. We will update when all are fully live. https://t.co/8JSiuLsAmJ
— Coinbase ➡ #CoinBeastSweepstakes (@coinbase) June 24, 2021

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for QNT on Sep. 4, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

*VORTECS™ Score (green) vs. QNT price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for QNT climbed into the green on Sep. 4 and reached a high of 72 just as the price of QNT began to increase 102% over the next three days.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Quant, Arweave and Avalanche soar while Bitcoin searches for support

August 18, 2021 Coin Telegraph

Altcoin Watch

Bitcoin's price is losing its bullish momentum, but this did little to stop QNT, AR and AVAX from notching double-digit gains today.

The cryptocurrency market once again entered a period of uncertainty on Aug. 18 as the price of Bitcoin (BTC) struggled to find momentum below $46,000 and large-cap altcoins pulled back slightly.

Several projects did manage to buck the trend and post double-digit gains thanks to cross-chain integrations and protocol upgrades that excited their respective communities and provided traders with lower-fee Ethereum network alternatives.

*Top 7 coins with the highest 24-hour price change. Source:* *Cointelegraph Markets Pro*

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Quant (QNT), Arweave (AR) and Avalanche (AVAX).

AR continues its hot streak

Arweave's AR token has been one of the top-performing coins over the past week, with activity on the decentralized storage network continuing to set new record-highs in daily transactions.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for AR on Aug. 14, prior to the recent price rise.

*VORTECS™ Score (green) vs. AR price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for Arweave was elevated into the green zone earlier in the week and reached a high of 71 on Aug. 14, around 19 hours before the price of AR increased 106% over the next four days.

QNT rallies 33%

The enterprise-focused Quant protocol specializes in facilitating interoperability across separate blockchain networks, and on Aug. 18, the QNT token posted its second-largest gain, according to data from Cointelegraph Markets Pro.

Data from TradingView shows that after hitting a low of $149.61 on Aug. 17, the price of QNT rallied 33% to an intraday high at $200.18 on Aug. 18 as its 24-hour trading volume spiked 436% to $179 million.

*QNT/USDT 4-hour chart. Source:* *TradingView*

Momentum for the project has been on the uptrend since the formation of the Quant Developer program designed to help attract new developers to the project's ecosystem.

Avalanche integrates with Aave and Curve

Avalance is a layer-one blockchain protocol that claims to be the “fastest smart contracts platform in the blockchain industry, as measured by time-to-finality.” The project also boasts having “the most validators securing its activity of any proof-of-stake protocol.”

Data from TradingView shows that after falling to a low of $21.44 early on Aug. 18, the price of AVAX surged 33% to an intraday high at $28.47 as its 24-hour trading volume spiked 50% to $1 billion.

*AVAX/USDT 4-hour chart. Source:* *TradingView*

The project received a boost on Aug. 18 following the announcement that Avalanche had partnered with Aave and Curve to create a $180 million liquidity mining incentive program called "Avalanche Rush."

According to the announcement, the goal of the program is to “bring blue-chip DeFi applications to Avalanche, starting with two popular protocols, Aave and Curve.”

The overall cryptocurrency market capitalization now stands at $1.961 trillion, and Bitcoin’s dominance rate is 43.9%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, and you should conduct your own research when making a decision.

Altcoins and DeFi tokens push higher as Bitcoin price falters at $40K

August 4, 2021 Coin Telegraph

Altcoins and DeFi tokens push higher as Bitcoin price falters at K

Altcoin Watch

QNT, SFI and XYO gained more than 20% while bulls attempt to push BTC and ETH back to their local highs.

Bitcoin (BTC) price has recovered from its recent $37,500 low and the digital asset's run back toward the $40,000 mark spurred bullish activity from many altcoins.

Data from Cointelegraph Markets Pro and TradingView shows that the top gainers over the past 24-hours are XYO Network (XYO), Saffron Finance (SFI) and Quant (QNT).

XYO/USD

In the past 24-hours, XYO Network, a location-based data network that uses blockchain to track and record location information, rallied by 72%.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for XYO on Aug. 2, prior to the recent price rise.

*VORTECS™ Score (green) vs. XYO price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for XYO began to register in the green on Aug. 1 and climbed to a high of 71 on Aug. 2, around 22 hours before its price increased 72 percent.

The growth seen in XYO comes on the heels of a teaser announcement that the developers are working on a “big change to improve how minting works.”

SFI/USD

Saffron.finance, also broke out with a 20% gain, a trend seen among many DeFi tokens today.

*VORTECS™ Score (green) vs. SFI price. Source:* *Cointelegraph Markets Pro*

As seen on the chart above, the VORTECS™ Score elevated into the green zone and reached a high of 75 on Aug. 1, around 55 hours before its price increased 20% over the next day.

Excitement for the project has been building over the past week as community members prepare for the release of Saffron v2 which will offer perpetual SFI staking and an expansion of price protection.

QUANT/USD

Quant (QNT), an interoperability-focused project designed to help enterprises integrate and operate distributed ledger technology, also rallied today, and data from Cointelegraph Markets Pro, market conditions forQNT have been favorable for some time.

As seen in the chart above, the VORTECS™ Score for QNT has been in the green for the majority of the past week and reached a high of 79 on Aug. 3, just seven hours before its price increased 25%.

Bullish momentum for QNT has been in an upswing since the July 30 announcement that the token would be listed on the Binance exchange, a development which was registered by the NewsQuakes™ alert system on July 28 and again on July 30.

Altcoins pump while traders anticipate a lower support test from Bitcoin

July 29, 2021 Coin Telegraph

Altcoin Watch

RUNE, QNT and PERP continue to gather strength even as analysts expect a lower support test for Bitcoin price.

Bitcoin (BTC) bulls are locked in a battle with bears in order to take control of the $40,000 level and dovish comments from U.S. Federal Reserve Chair Jerome Powell suggest that loose monetary policies will remain in place for the foreseeable future.

Generally, the crypto ecosystem is “cautiously optimistic” about further price rises as the fallout from China’s miner purge begins to subside and displaced miners begin to establish mining operations in other countries, resulting in a rebound of the Bitcoin hash rate.

Data from Cointelegraph Markets Pro and TradingView shows that while the momentum in Bitcoin has slowed down, several altcoins have gained more than 30% on the 24-hour chart, led by THORChain (RUNE), Quant (QNT) and Perpetual Protocol (PERP).

RUNE/USD

The top performer over the past 24-hours has been THORChain, a decentralized liquidity protocol that facilitates the exchange of cryptocurrencies across multiple networks while allowing the token holder to retain full custody of their assets.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for RUNE on July 24, prior to the recent price rise.

*VORTECS™ Score (green) vs. RUNE price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for RUNE first spiked to a high of 85 on July 24 and then pulled back slightly over the next two days and registered a high of 75 on July 26, around 18 hours before its price began to rally 65% over the next two days.

RUNE price has been hammered in recent weeks after a series of protocol exploits resulted in $7.6 million worth of funds being drained from the platform, but it appears as if the fallout from that has now subsided.

QNT/USD

The second-largest gainer in the past 24-hours was Quant (QNT), a project focused on interoperability between different blockchain networks.

According to data from Cointelegraph Markets Pro, market conditions for QNT have been favorable for some time.

As seen on the chart above, the VORTECS™ Score for QNT began to pick up on July 25 and reached a high of 81, around 24 hours before the price increased 75% over the next two days.

The NewsQuake™ alert system caught the announcement from Binance that it would be listing QNT just before its price began to significantly rise from $96 to an intraday high at $144.75.

PERP/USD

Perpetual Protocol, a decentralized perpetual contracts protocol that includes an on-chain DEX and up to10x leverage, also broke out today.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for PERP on July 25, prior to the recent price rise.

*VORTECS™ Score (green) vs. PERP price. Source:* *Cointelegraph Markets Pro*

As seen in the chart above, the VORTECS™ Score for PERP climbed into the green on Jly 25 and reached a high of 79 early on July 26, around 24 hours before the price increased by 52% over the next two days.

The building momentum behind PERP comes following the release of Curie, a second version of the Perpetual Protocol.

3 reasons why Quant (QNT) price rallied 125% this week

June 27, 2021 Coin Telegraph

Altcoin Watch

QNT price defied the bearish market trend by rallying 125% after a successful listing on Coinbase and endorsements from well-established tech companies.

Real-world use cases and delivered value are important when evaluating the long-term prospects of a cryptocurrency project, and this is especially true in down markets when sentiment is low and the possibility of an extended bear market is a reality.

One project that has been gaining momentum over the past month despite the market-wide downturn is Quant (QNT), an interoperability-focused project designed to help enterprises integrate and operate distributed ledger technology (DLT).

Data from Cointelegraph Markets Pro and TradingView shows that following a brief dip to $44 on June 22 as the entire crypto market faced a sell-off, the price of QNT surged more than 125% to establish a new record high at $99.11 on June 25.

Coinbase bump in full effect

The rapid turnaround in the price for QNT following the pullback was due in large part to its listing on Coinbase Pro, which began accepting deposits on June 23.

Inbound transfers for BOND, LPT & QNT are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Wed 6/24, if liquidity conditions are met. https://t.co/ozmX17nhsz
— Coinbase Pro (@CoinbasePro) June 23, 2021

Price action for QNT began to pick up on June 24 as trading via limit orders opened up on Coinbase Pro, and its addition to the front-side of Coinbase which includes the Andriod and iOS apps on June 25 saw another boost in trading volume and token price.

As a result of the momentum brought by the new listing, the average 24-hour trading volume for QNT soared on June 25.

Protocol upgrades attract attention

Prior to the Coinbase listing and market sell-off, QNT price began to gain traction around June 14 following the release of a mid-year technology update called Overledger 2.0. This is the project’s hallmark “DLT gateway that delivers interoperability across different systems, networks and DLTs,” according to the project’s website.

Excitement for the update had been building since early June as evidenced by the recognition Quant has received from several reputable sources including cloud infrastructure provider Oracle and the professional services network Deloitte, which included the project in its nominations for the Most Disruptive Fintech Award for 2021.

VORTECS™ data turned bullish ahead of Quant's most recent rally

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for QNT on June 22, prior to the recent price rise.

As seen in the chart above, the VORTECS™ Score for Quant actually reached a high score of 71 on June 22 as the market was selling off and was subsequently followed by a 125% rally in price over the next three days.

The NewsQuake™ service from Cointelegraph Markets Pro also highlighted the Coinbase listing announcement on June 24, which was followed by a 50% increase in the price of QNT over the next two days.

Quant Network