Why is the crypto Quant (QNT) moving today?

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Quant is a cryptocurrency that has outperformed the rest of the cryptocurrency markets during the current market downturn. Investors are optimistic about the actual use case presented by the Quants OverLedger system, as it connects several decentralized ledger technologies for institutional use.

What is Quant?

Quant is an Ethereum-based token that aims to bring interoperability between blockchains, specifically aimed at institutions. The token is used to pay for Quants services, pay transaction fees, and secure the OverLedger network.

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

Quant (QNT) is up 5% in 24 hours

Typically, a 5% move in 24 hours is not a noticeable move in the cryptocurrency industry. However, it is impressive for an altcoin like this to move against the market. Typically, altcoins follow Bitcoin price action, and it is a rare event when altcoins deviate from the market.

Quant is one of 2 projects in the top 100 cryptocurrency by market cap that has not depreciated in the past 24 hours. Over the past 2 months, QNT has significantly outperformed the rest of the cryptocurrency markets, appreciating over 80% since May 21.

Why is QNT moving?

Quant was recently added to Coinbase, allowing many retail investors to invest in this digital asset. In addition, the network has just released a technology upgrade, allowing 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 new and decentralized way.

Where to buy Quant (QNT)

Unless you are 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 just to educate you about the technology!

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