Quant Network’s QNT rose more than 16% in 24 hours, leading the top 100 cryptocurrencies by market capitalization as discussion of the network’s tokenized real-world asset operations returned.
The rally came alongside higher trading volume and increased network activity. However, it remains unclear whether banks participating in the tokenized deposit network need to buy or hold QNT.
MAIN CONTENT
Quant was selected to operate a tokenized deposit network for U.S. and U.K. banks.
Daily QNT transfers increased by more than 22%, reaching 5,640.
QNT successfully retested the $188 level and faces resistance at $213.
Quant Network and the tokenized deposit network
Quant Network has secured two agreements to settle bank transfers using blockchain within the Ethereum ecosystem. According to Quant, more than $2 trillion will be settled on the network after Quant was selected to operate a tokenized deposit network for U.S. and U.K. banks.
Banks are expected to gain access to the network in the first half of 2027. The partnership announcement in September was accompanied by a QNT rally from $100 to $370, before the price corrected sharply.
Gilbert Verdian, CEO of Quant, said following the announcement of its partnership with The Clearing House:
We are proud to partner with The Clearing House in the U.S. to establish a new standard for tokenized deposits worldwide.
– Gilbert Verdian, CEO of Quant
Quant also launched Multi-Ledger Rollup, dubbed Layer 2.5, to mark its 10th anniversary. The technology allows bank tokens to be used as collateral in DeFi without requiring a bridge.
QNT network activity and trading
Daily QNT transfers increased by more than 22% to 5,640, while the number of holders also rose slightly. Daily trading volume exceeded $112 million, more than double the previous day's level.
Metric | Record | 24-hour QNT price movement | Up more than 16% | Mentions and interactions from influential accounts over 24 hours | More than 9,430 | Daily transfers | 5,640, up more than 22% | Daily trading volume | More than $112 million, over twice the previous day's level
Source: Etherscan
QNT price levels to watch
QNT broke out of a falling wedge pattern and successfully retested the $188 level, but now faces nearby resistance at $213. Whether it can sustain its upward momentum after moving above $191 remains uncertain.
The Bull Bear Power (BBP) indicator turned green as the weekend came to a close. Chaikin Money Flow (CMF) rose from -0.30 to 0.10, indicating inflows.
QNT price level | Movement or role | $188 | Successfully retested | $200 | A level to hold to improve the chances of breaking through the next resistance zone | $213–$220 | Resistance zone | Above $250 | Next price zone if resistance is broken | Above $320 | Buyers' short-term target
Source: QNT/USDT on TradingView
Summary
QNT rallied sharply as network activity and trading volume increased, while Quant's tokenized deposit agreements continued to draw discussion. On the price front, holding above $200 and breaking through the $213–$220 zone are key levels to watch.
Source: https://tintucbitcoin.com/quant-tang-16-nho-rwa-ho-tro-200-usd-cua-qnt-co-giu-vung/
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