It’s quietly climbed back above $200. Binance closed at $194.06 on 11/06, and QNT briefly surged to $205.23 intraday today. It’s now around $199. The 10,000 U bought at yesterday’s close is now worth 10,255 U, and would have reached 10,576 U at the high. Its market cap is about $2.9 billion, ranking 34th. It’s still down 23% over the past 30 days, and remains more than halfway below its all-time high of $427.42 in 2021.
The move was triggered by Quant being selected on September 24 as the interoperability layer for The Clearing House’s on-chain money initiative. On November 5, social media reports of an adoption deal emerged, and QNT briefly surged to $203.40 that day before tumbling back to $190. Neither party has confirmed the terms to date, so this is purely news-driven.
While BTC is still grinding around its 50-week moving average at $76,000, QNT, a long-established RWA infrastructure project, has instead started moving independently. Until the news is confirmed, it’s all paper gains. Before chasing the rally, think carefully about whether you’re buying into the narrative or the actual asset.#Quant #RWA
The move was triggered by Quant being selected on September 24 as the interoperability layer for The Clearing House’s on-chain money initiative. On November 5, social media reports of an adoption deal emerged, and QNT briefly surged to $203.40 that day before tumbling back to $190. Neither party has confirmed the terms to date, so this is purely news-driven.
While BTC is still grinding around its 50-week moving average at $76,000, QNT, a long-established RWA infrastructure project, has instead started moving independently. Until the news is confirmed, it’s all paper gains. Before chasing the rally, think carefully about whether you’re buying into the narrative or the actual asset.#Quant #RWA
