The current trend around the crypto market is very unstable. Both BTC and altcoins are currently having a field day as they enjoy momentary price hikes and dumps (the last 12 hours was filled with it). The market is dull compared to the previous 24 hours trading session. Regardless of the current market trend, some alt increasing at a rapid rate. One such is QNT.
As of the time of writing, Quant is the top gainer in the top 100 as it gained almost 40% in the last 24 hours. The gain could be attributed to QNT experiencing a huge increase in its trading volume as the volume increased by more than 1000% over the last 24 hours. The 1000% increase in trading volume is a result of Binance, listing the coin.
QNT price surge ensured the coin reaches a new all-time high. A few hours to the time of writing quant hit its new ATH of $147. The barely three years old coin was created to connect blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It was the first project to solve the interoperability problem through the creation of the first blockchain operating system.
While living up to the expectations of its creator, it also thrilling traders with its volatility. After attaining its ATH, the 59th coin by market cap saw massive price correction and dipped to $111. As of the time of writing, QNT is recovering from the drop and is gearing up to retest its high.
Bitcoin is performing as expected. In one analysis during the last 24 hours, Coinfomania predicted that BTC hit $40,000 in the 24 hours. The struggle for a clear outbreak above $40k rages on between $39k and the price mark under consideration.
As the end of the week gets closer, we may see BTC reignite a price rally that may see it achieve a clear breakout above $40,000.
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