Why is Quant (QNT) Crypto Moving Today?

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Quant is a cryptocurrency that has outpaced the rest of the cryptocurrency markets during the current market downturn. Investors are bullish on the real-world use case that Quant’s OverLedger system presents, as it connects multiple decentralized ledger technologies together for institutional use.

What is Quant?

Quant is an Ethereum based token which aims to bring interoperability between blockchains, specifically aimed at institutions. The token is used to pay for Quant’s services, pay transaction fees and secure the OverLedger Network.

OverLedger is the backbone of Quant, and it’s what allows institutions to seamlessly integrate multiple distributed ledger systems in their businesses.

Quant (QNT) is Up 5% in 24 Hours

Typically, a 5% move in 24 hours isn’t a notable move in the cryptocurrency industry. However, it’s impressive for an altcoin like this to move against the market. Typically, altcoins follow Bitcoin’s price action, and it’s a rare occurrence when altcoins deviate from the market.

Quant is 1 of 2 projects in the top 100 cryptocurrencies by market capitalization that haven’t depreciated within the past 24 hours. Over the last 2 months, QNT has greatly outperformed the rest of the cryptocurrency markets, appreciating over 80% since May 21st. 

Why is QNT Moving?

Quant has recently been added to Coinbase, allowing many retail investors access to investing in this digital asset. Plus, the network has just released an upgrade to its technology, allowing for interoperability between different distributed ledger technologies. 

Cryptocurrencies with clear real-world use cases often do better in bear markets. For example, Chainlink outperformed most other cryptocurrencies last year for this reason, as it connects real-world data to blockchains in a novel and decentralized way.

Where to Buy Quant (QNT)

Unless you’re an experienced DeFi user, the easiest place to buy Quant is on Coinbase. Coinbase not only allows you to trade a variety of cryptocurrencies, but the Coinbase Earn program gives you free cryptocurrencies for simply learning about the technology!

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.