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Ethereum-Based Altcoin Soars 30% in One Week, Massively Outpacing Bitcoin and Overall Crypto Market

1 Ethereum (ethereum) base altcoins surged nearly 30% this week as they outperformed both King Crypto and the overall digital asset market.

Interoperable blockchain network Quant (QNT) has caused a rally over the past seven days, rising from $103.14 on Sept. 14 to $133.34 at the time of writing, up nearly 30%.

QNT is up significantly compared to top cryptocurrency Bitcoin (Bitcoin) and the total The market capitalization of all crypto assets has risen by 3% and 4% respectively over the same timeframe.

According to market research firm Santiment, trading activity centered on quants Rose It increased significantly over the last month and week, supporting the rise of crypto assets.

Source: Santiment/Twitter

“Quants have recently climbed the ranks in terms of market capitalization. Among the top 100 assets in cryptocurrencies, they are the second best earning asset in the past month and the best in the past week. Volume, daily active addresses, and whale accumulation are all underpinning QNT’s rise.”

more santimento find Traders who are currently buying QNT are not retail investors holding at least $1 million worth of digital assets, they are doing the opposite and selling their tokens.

“Looking at the distribution of holders, you may notice that retail holders appear to be buying QNT. owns Quant, [the] On the contrary, they are off-road. ”

Quant saw a big jump last week, but it’s still well below its all-time high of $311.72 set last September.

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Featured Image: Shutterstock/Papa ​​Pig

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