Quant Crypto Soars 18% as QNT Charges Toward $250

Quant’s QNT token rose 18.7% in 24 hours to $216, after climbing from about $181 to an intraday high of $221. The move lifted the blockchain interoperability project’s market capitalization to $3.16 billion and daily trading volume to $146.5 million; QNT was up 93.8% over 30 days and 150.7% over one year. Quant’s Overledger technology is designed to connect separate blockchain networks with existing financial systems, and The Clearing House recently selected Quant to provide the interoperability layer for its On-Chain Money Initiative, which is intended to support clearing and settlement involving tokenized bank deposits. A gap remains between institutional use of Quant’s technology and demand for QNT, with the token’s valuation depending on how that activity translates into demand.