- Crypto Market Over the Weekend
- Cardano and Quant Wallet Activity
- Role of Cardano and Quant in the Industry
Cardano and Quant prices rose on Sunday, September 8, as the recent crypto sell-off eased slightly.
Crypto Market Over the Weekend
Quant (QNT) token rose for the second consecutive day, reaching $70, its highest level since August 26. Despite this, it remains 54% below its highest point this year. Cardano (ADA) increased to $0.3390, much higher than Friday’s low of $0.30. ADA has dropped by almost 60% from its year-to-date high. These tokens saw slight gains alongside Bitcoin, which bounced back from $52,900 on Friday to $54,500 on Sunday.
Cardano and Quant Wallet Activity
Cardano and Quant prices also rose with the increase in address activity. According to data from Santiment, this indicates accumulation by some investors, which often leads to price rebounds. Cardano's futures open interest also rose to $177 million on Sunday. Active addresses for Cardano exceeded 31,000. Quant saw a significant rise in futures open interest as well, reaching $12.15 million, the highest since June 7.
Role of Cardano and Quant in the Industry
Cardano and Quant are significant players in the cryptocurrency industry. Cardano has a market cap of $12 billion, making it the 11th largest cryptocurrency. However, the network has struggled to attract developers and users. Recently, Cardano developers launched the 'Chang' hardfork, hoping to increase network activity. Quant helps companies build blockchain-enabled applications, particularly in payment services, and is a leading player in the growing field of real-world asset tokenization.
The rise in Cardano and Quant prices reflects overall improved sentiment in the cryptocurrency market and increased activity within their ecosystems.
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