cryptonews.net
QNT, Quant’s native token, has seen a sharp rally over the past week, gaining over 17% in response to regulators approving its staking feature. According to price data from crypto.news, Quant is trading at $70.82 at press time. The altcoin hit an intraday high of $71.70, up 25.2% from its weekly low, showing strong upside momentum in tandem with gains in the broader altcoin market.
One of the main catalysts for QNT’s recent rally can be attributed to the long-awaited confirmation of staking capabilities on the Overledger network, announced by CEO Gilbert VERDIAN. With the platform’s terms and conditions updated to include staking, this development increases the token’s utility by encouraging long-term holding and reducing QNT’s circulating supply. This not only gives token holders the opportunity to earn rewards, but also strengthens the intrinsic value of each token by integrating it more deeply into the operations of the Overledger Network.
Investors often view these strategic improvements positively, as they imply both an increase in demand and a reduction in supply, potentially leading to increased price momentum. Quant operates the Overledger Network, which facilitates the connection of different blockchain networks. By holding Quant tokens, developers can build decentralized multi-chain applications. This is intended to overcome frictions between different blockchains, laying the foundation for the digital economy of the future.
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