Quant

Cardano

Arbitrum

Holo

World

<p class="is-style-lead">Cardano and Quant prices drifted upwards on Sunday, Sep. 8 as the recent crypto sell-off eased a bit.</p> 
<p>Quant (<a href="https://crypto.news/price/quant/" target="_blank">QNT</a>) token rose for the second consecutive day, reaching a high of $70, its highest swing since Aug. 26. It rose by over 23% from its lowest point last week but remains 54% below its highest point this year.</p> 
<h2 class="wp-block-heading" id="cardano-and-quant-have-higher-wallet-activity">Cardano and Quant have higher wallet activity</h2> 
<p>Cardano (<a href="https://crypto.news/price/cardano/" target="_blank">ADA</a>) rose to $0.3390, much higher than Friday’s low of $0.30. Like other coins, it has dropped by almost 60% from the year-to-date high.</p> 
<p>These tokens rose slightly as Bitcoin’s (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) sell-off moderated. After falling to $52,900 on Friday, Bitcoin bounced back to $54,500 on Sunday as some investors bought the dip. In most periods, altcoins tend to track Bitcoin’s movement.</p> 
<p>Cardano and Quant prices also rose as data shows heightened address activity. According to Santiment, this indicates that some investors are accumulating, and that often leads to a rebound.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">📊 As traders await a potential Bitcoin/crypto rebound, Cardano, Quant, and Holo are three notable assets seeing a sudden surge in address activity. When coins that are declining in value suddenly see rises like these, it historically raises the likelihood of a bounce. 📈 <a rel="nofollow" href="https://t.co/udBULCmZYa" target="_blank">pic.twitter.com/udBULCmZYa</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1832469504418558013?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 7, 2024</a>
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<p>Another evidence is that Cardano’s open interest in the futures market is rising. Data by CoinGlass shows that its open interest rose to $177 million on Sunday, the third consecutive day of gains. </p> 
<p>It was slightly higher than Friday’s $167 million. Cardano’s active addresses have also risen to over 31,000, according to <a href="https://defillama.com/chain/Cardano?tvl=false&amp;addresses=true" target="_blank" rel="nofollow">DeFi Llama</a>.</p> 
<p>Similarly, Quant’s futures open interest went parabolic, reaching a high of $12.15 million, its highest level since June 7, and much higher than last week’s low of $6.50 million.&nbsp;</p> 
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  Quant futures open interest | Source: <a href="https://www.coinglass.com/BitcoinOpenInterest" target="_blank" rel="nofollow">CoinGlass</a>
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<p>Futures open interest is an important metric in the financial market because it shows the volume of unfilled orders.&nbsp;</p> 
<p> You might also like: <a rel="" href="https://crypto.news/bitcoin-flashes-indicator-that-often-precedes-higher-prices-cryptoquant/"> Litecoin sees higher whale activity: Santiment </a> </p> 
<h2 class="wp-block-heading" id="quant-cardano-big-players-in-crypto">Quant, Cardano: Big players in crypto</h2> 
<p>Cardano and Quant are some of the biggest players in the crypto industry. Cardano, with a market cap of $12 billion, is the 11th coin and its goal is to become the best alternative to Ethereum (ETH).&nbsp;</p> 
<p>However, over the years, the network has struggled to attract developers and users. As a result, it only has a handful of DeFi dApps and a total value locked of <a href="https://defillama.com/chain/Cardano?tvl=false&amp;addresses=true&amp;price=false" target="_blank" rel="nofollow">$191 million</a>. This makes it smaller than other newer layer-1 and layer-2 networks like Arbitrum and Sui. </p> 
<p>The developers recently launched the <a href="https://crypto.news/cardano-switches-to-decentralized-governance-with-chang-hardfork/" target="_blank">Chang hardfork</a>, which its developers hope will lead to more activity.</p> 
<p>Quant is a different network that helps companies build blockchain-enabled applications, especially in the payment services.</p> 
<p> It is often seen as one of the top players in the fast-growing industry of Real World Asset tokenization, helped by its overledger technology.</p> 
<p> Read more: <a rel="" href="https://crypto.news/cardano-remains-in-bearish-territory-despite-chang-hardfork/"> Cardano remains in bearish territory despite Chang hardfork </a> </p>

Quant, Cardano prices rise as wallet activity spikes: Santiment

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