Quant [QNT] started the new week highly as it ranked number one out of 3928 altcoins according to LunarCrush. The coin rallied 16% in the last 24 hours according to CoinMarketCap and was trading at $207.75 at press time. However, the glory would be unsung without the exceptional impact of the ERC-20 token. According to […]
With the current momentum, it was likely that QNT investors might expect the rally to maintain status quo throughout the week. Therefore, it was necessary to assess the QNT ecosystem if the probability was high or investors might need to halt loading their bags.Apart from the social metrics, there were other parts of the Quant ecosystem that contributed to the uptick. According to Santiment, QNT’s network growthThis rise implied that there was massive adoption of QNT during the said period.
While the decrease might be considered minimal, it was noteworthy to consider if less liquidity was entering the Quant system.As of this writing, the QNT volume was a 47.65% increase to 109.85 million. So, theBefore you leap, gaze this way… Per its network activity, there have been some changes that might require watching closely. Based on Santiment data, QNT’s active addresses in the last 24 hours had decreased from the highs on 16 October.
At press time, the active addresses count was 2,137, meaning that the rate at which investors were adding QNT had subdued a little. ThisThe on-chain data tool revealed that the one-day circulation decreased from $107,000 on 15 October to $48,800. The implication of this decline could reflect on the QNT price as less involvement in trading the token could end with a fall off the current bullish trend.Interestingly, it seemed that the QNT rally was an aftereffect of retail investors’ drive.
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