We're breaking ATH in UPtober
Lfg
$qnt
I'll be real, I didn't see this one coming ๐
ethereum:0x4a220e6096b25eadb88358cb44068a3248254675 was one of those coins everyone forgot about.
Barely anyone talked about it on CT for months then in a few days it ran from around $62 to $340
(+440% in a month)
Now it's the #33 coin with a $3.7B market cap so what happened?
On Sept 24, The Clearing House picked Quant for its new tokenized deposit network. If you don't know TCH, it's owned by the biggest US banks and it settles over $2 TRILLION every single day.
What Quant actually does?
They built Overledger, which basically lets bank systems and blockchains talk to each other. The old money world and on-chain money, connected and a few days later, 7 UK banks including HSBC and Barclays did live tokenized sterling transactions on it ๐ฆ
Add the tiny supply on top (only ~14.6M QNT exists and almost all of it is already circulating) and you get a move like this but I don't want to only tell you the bullish part.
The deal does not force banks to buy or hold QNT. Fees can be paid in fiat so right now this is a huge validation for the company but real demand for the token is still not proven and the chart already shows how wild it is. It hit ~$340, dumped to ~$200 and now it's around $250.
Whales are sending tokens to exchanges after 800%+ gains and I think this is one of the strongest real adoption on crypto has had in a long time and thats makes me happy.
Actually this is what we've been waiting for since 2017.
I'm not FOMOing here. I'd rather wait for a proper retest.
Are you holding ethereum:0x4a220e6096b25eadb88358cb44068a3248254675 or waiting for the dip? ๐