Quant (QNT) Price Nears 47% Surge Amid Declining Exchange Supply and Rising Top Address Holdings

The price of Quant (QNT) is showing signs of significant growth, with a potential 47% surge on the horizon as it approaches its December highs. On Wednesday, QNT reached $116, marking a 95% increase from its lowest level in April this year. The token is now trading near its highest point since January.

Strong Fundamentals Back Quant’s Growth

Quant is gaining traction as the real-world asset (RWA) tokenization industry expands rapidly. Recent data indicates that over $23 billion worth of assets have been tokenized, with the number of asset holders increasing by 13% in the past 30 days to reach 113,794. This growing interest in tokenization is a significant driver for Quant’s adoption and price momentum.

Quant’s role in the RWA industry is powered by its innovative Overledger solution. Overledger is a blockchain operating system designed to enable seamless interoperability between various blockchains and traditional legacy systems. It is structured into three key layers:

  • Transaction Layer: Stores verified transactions.
  • Messaging Layer: Filters and organizes messages to ensure compliance with network rules.
  • Application Layer: Sets rules for blockchain interactions and enables cross-chain functionality.

Adoption by Key Organizations

Quant’s technology has gained recognition from prominent organizations, including the Bank of England, Oracle, Amazon, and BNY Mellon. Notably, the European Central Bank has identified Quant as a key contributor to the development of a potential digital euro, further underscoring its increasing role in the financial technology landscape.

On-Chain Data Highlights Positive Trends

Recent on-chain metrics reveal a bullish outlook for Quant. The supply of QNT held by top addresses has been steadily rising. These addresses now hold 3.58 million tokens, up from 3.54 million in March. Simultaneously, the supply of QNT on exchanges has decreased, dropping from 1.7 million on May 20 to 1.67 million currently. This reduction in exchange supply often signals increased investor confidence and long-term holding.

Additionally, Quant’s network activity has been on the rise. Active addresses within the last 30 days show a strong upward trend, reflecting growing user engagement and adoption.

Technical Analysis: QNT Price Chart

The daily price chart for QNT highlights a robust uptrend over the past two months. This rally followed a drop to $58.75, driven by broader crypto market sell-offs. Notably, the token has formed a golden cross pattern, where the 50-day moving average crosses above the 200-day moving average. Historically, this pattern is seen as a bullish indicator for potential long-term gains.

Currently, QNT faces a critical resistance level at $120, last reached on May 28. A breakout above this level could pave the way for further gains, with the next target being the November high of $171.48—a potential 45% increase from current levels.

Key Takeaways for Investors

  • Quant’s integration into the growing RWA tokenization market positions it as a strong contender in the blockchain space.
  • Decreasing supply on exchanges and increasing holdings by top addresses indicate strong investor confidence.
  • Technical indicators, including the golden cross pattern, suggest the potential for further price appreciation.

As Quant continues to gain traction and adoption, it remains a cryptocurrency to watch for investors interested in blockchain interoperability and real-world asset tokenization.

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