crypto.news 2025-05-07 14:25:38

QNT rises more than 10% following new digital euro partnership

Quant Network’s native token, QNT, has been on a rally in the days following the protocol’s institutional partnership with the European Central Bank’s digital euro project. According to data from crypto.news, QNT ( QNT ) has risen more than 11% in the past 24 hours. It has maintained a steady uptrend over the past few trading sessions, gaining more than 20% in the past week and over 50% in the past month. However, it remains nearly 80% below its all-time high. Quant’s token has reached a market cap of approximately $1.3 billion, with daily trading volume exceeding $30 million. Compared to the previous trading day, volume has increased by 5.7%, indicating a modest rise in market activity. In recent days, QNT’s consistent bullish sentiment has allowed it to outperform the broader cryptocurrency market, which is up 1.80%. This growing optimism may attract more investors, potentially fueling further price gains. Price chart for QNT in the past few days of trading indicates a bullish rally, May 7, 2025 | Source: crypto.news You might also like: Linea to wait out bear market before launching native token In fact, there has been a significant surge in daily active addresses recorded on the Quant network, going up by 25.27% according to data from TradingView. This indicates growing user engagement and interest in the platform, which often correlates with positive price movements. Not only that, this month QNT also broke through a long-standing bearish trendline and surpassed the $80 threshold. This technical breakout suggests a potential for continued upward momentum for Quant’s token. Most recently, Quant announced that has been tapped to partner with the European Central Bank on its project to develop a private digital euro. The ECB has been working on the issuance of a digital euro since as early as November 2023. “We are honored to have been selected, and as leaders in distributed ledger technology, programmability and interoperability, we have the technical expertise, strategic insight and extensive institutional experience to deliver a programmable payment use case as part of the ECB’s wider vision for a digital euro,” wrote Quant in its official statement. You might also like: Quant price rises as Oracle announces partnership, CEX balances dip

Related News

Core Scientific Reports Q1 2025: Bitcoin Mining De...
08 May 2025
Expert Claims XRP’s Price Is Still Heavily Underva...
08 May 2025
G7 Leaders to Discuss North Korean Hacking Group L...
08 May 2025
Bank of America Says Investors Pulled $8,900,000,0...
08 May 2025
Bitcoin Realized Cap Soars to New All-Time High
08 May 2025
Escaping the India-Pakistan Conflict With Wealth I...
08 May 2025

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

QNT rises more than 10% following new digital euro partnership

Most Read News

Related News