Cardano and Quant Prices Surge Amid Crypto Sell-Off Relief
Over the weekend, Cardano and Quant prices saw an upward trend following a slight easing of the recent crypto sell-off. Quant (QNT) token experienced a second consecutive day of gains, reaching a high of $70, its highest point since August 26. While it has risen by over 23% from last week’s low, it still remains 54% below its peak for the year.
Increased Wallet Activity for Cardano and Quant
Cardano (ADA) also saw a rise, reaching $0.3390, significantly higher than the previous day’s low of $0.30. Like many other cryptocurrencies, Cardano has dropped by nearly 60% from its highest point this year. The surge in these tokens’ prices coincided with a moderation in Bitcoin’s sell-off, as the leading cryptocurrency rebounded from $52,900 to $54,500 on Sunday.
Growing Interest in Futures Market for Cardano and Quant
Amidst the price surges, data indicates heightened address activity for Cardano and Quant. Additionally, Cardano’s open interest in the futures market rose to $177 million, while Quant’s futures open interest peaked at $12.15 million. These metrics are significant in gauging market sentiment and potential price movements in the financial market.
