Quant: Could investors consider trending QNT as a long-term portfolio addition

Quantity [QNT] is one of the blockchain networks that have flown under the radar for the most part. Perhaps overshadowed by more popular networks such as Ethereum [ETH]. However, the Quant popularity number seemed to have changed drastically overnight.

Quant’s native cryptocurrency, QNT, entered the top cryptocurrency trending list in the early hours of September 16th. A healthy result in terms of publicity and exposure, and to be sure, it reflected QNT’s performance in the chain.

QNT recorded a large rise in social dominance, thus explaining why it was among the top digital currencies. This result was also positively reflected in the volume of sales within the chain, which recorded its highest levels in four weeks in the last 24 hours.

Source: Santiment

The increase in volume indicates strong activity and certainly the number of daily active addresses has also increased in the last 24 hours. A positive shift in QNT’s weighted sentiment preceded the increase in volume as well as steering activity.

Source: Santiment

On-chain analysis showed that investors were more bullish. This observation is reflected in its ability to resist the downside over the past three days. Moreover, QNT also managed to stay above the $100 price level after the mid-week rally despite prevailing bearish market conditions.

QNT traded at $102.2, representing a 2.46% uptrend in the last 24 hours. This performance combined with its uptrend since mid-week reflected observations on the chain. He also highlighted why QNT was able to overcome its association with Bitcoin.

Source: TradingView

The mid-week pivot took place before the price could fully retest the upside support line. However, it bounced back after previously falling below the 50% Relative Strength Index (RSI) level. This performance confirmed that QNT’s upside resilience became stronger, allowing it to overcome selling pressure in the market.

What does this mean for QNT traders?

QNT is definitely one of the cryptocurrencies that investors should consider having on their watchlist. Its most recent performance may be an indication that more traders are spotting Quant’s potential.

Moreover, this result can be based on the progress of the network in recent years. However, it points to QNT as one of the cryptocurrencies to watch in the next bull run.

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