Cardano and Quant prices drifted upwards on Sunday, Sep. 8 as the recent crypto sell-off eased a bit

Quant (QNT) 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.

Cardano and Quant both saw their prices rise on Sunday, Sep. 8, as the recent crypto sell-off showed signs of easing.

Cardano (ADA) rose to $0.3390, which was significantly higher than Friday’s low of $0.30. However, like other coins, it has seen a drop of nearly 60% from its highest point this year.

Quant (QNT) token also rose for the second consecutive day, reaching a high of $70, which was the highest it has reached since Aug. 26. It rose by over 23% from its lowest point last week but remains 54% below its highest point this year.

Cardano and Quant prices rose higher as data showed increased address activity. According to Santiment, this activity suggests that some investors are accumulating, which often leads to a rebound.

Cardano’s futures open interest also rose, reaching $177 million on Sunday, which was the third consecutive day of gains, according to data by CoinGlass.

This was slightly higher than Friday’s $167 million. Cardano’s active addresses also rose to over 31,000, according to DeFi Llama.

Meanwhile, Quant’s futures open interest went parabolic, reaching a high of $12.15 million, which was the highest since June 7, and much higher than last week’s low of $6.50 million.

Futures open interest is a key metric in the financial market as it shows the amount of unfilled orders.

Cardano and Quant are both major crypto projects. Cardano, which is ranked 11th by market capitalization, aims to be the top alternative to Ethereum (ETH).

However, the network has struggled to attract developers and users, with only a handful of DeFi dApps and a total value locked of $191 million, which is smaller than other new layer-1 and layer-2 networks like Arbitrum and Sui.

The developers recently launched the Chang hardfork, which they hope will increase activity.

Quant, on the other hand, helps companies build blockchain-enabled applications, particularly in the payment services, and is considered a major player in the fast-growing industry of Real World Asset tokenization, thanks to its overledger technology.

The above is the detailed content of Cardano and Quant prices drifted upwards on Sunday, Sep. 8 as the recent crypto sell-off eased a bit. For more information, please follow other related articles on the PHP Chinese website!