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%.
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.
“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.
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Papa Pig