Quantum [QNT] It is among the blockchain networks that have mostly flown under the radar. It may have been overshadowed by more popular networks, such as Ethereum [ETH]. However, the quantitative popularity seems to have changed dramatically overnight.
Quant’s native cryptocurrency QNT entered the list of popular cryptocurrencies early on September 16. A healthy result from an advertising and visibility perspective and certainly reflected QNT’s performance on the chain.
QNT has recorded a significant increase in social dominance, which explains why it is among the most popular cryptocurrencies. This result also reflected positively on its volume on the series, which hit a four-week high in the past 24 hours.
The increase in volume indicates strong activity, and the number of daily active titles has also increased in the last 24 hours. The positive change in QNT weighted sentiment was preceded by an increase in volume, as did activity.
The series analysis showed that investors are more inclined to the upside. This observation has been reflected in its resilience in the opposite direction over the past three days. Moreover, QNT also managed to hold above the $100 price level after its mid-week recovery despite the prevailing bear market conditions.
QNT was trading at $102.2, which is a 2.46% increase in the past 24 hours. This performance, along with the uptrend since midweek, reflects the observations on the series. He also highlighted why QNT was able to overcome its association with Bitcoin.
The pivotal pivot occurred in the middle of the week before the price could fully test the ascending support line. However, it bounced back after earlier falling below the 50% level of the Relative Strength Index (RSI). This performance confirmed that QNT’s bullish resilience grew stronger, allowing it to weather the selling pressure in the market.
What does this mean for QNT traders?
QNT is definitely one of the cryptocurrencies that investors should consider having on their watch list. Its recent performance may be an indication that more traders are realizing Quantity’s potential.
Moreover, this result may be based on the progress of the network in recent years. However, it does highlight QNT as one of the cryptocurrencies to watch in the next bullish run.