Quant Price Doubles in May
Quant (QNT) experienced a significant price rally in May, rising from around $59.24 in April to a high of $119.67 — a 101% increase. This upward momentum pushed the token’s market capitalization beyond $1.2 billion. At the time of writing, QNT is trading near $105.80, showing strong investor interest.
Strategic Partnerships Drive Growth
A key driver behind Quant’s impressive performance is its involvement in high-profile digital finance initiatives. The European Central Bank selected Quant to contribute to its digital euro project, focusing on secure integration. Additionally, Quant Overledger technology plays a central role in Oracle’s Blockchain Platform Digital Assets Edition, promoting seamless interoperability across different blockchain systems.
Real-World Asset (RWA) Tokenization Expands Rapidly
The market for tokenized real-world assets has surged from under $50 million in 2020 to approximately $23 billion. Analysts project that trillions in traditional assets could be tokenized in the coming years. With its strong technological foundation, Quant is well-positioned to capitalize on this growing trend and become a major infrastructure provider in the RWA space.
Technical Indicators Suggest More Upside
On the technical front, Quant’s chart shows a “golden cross” — where the 50-day moving average crosses above the 200-day average — often viewed as a bullish signal. Furthermore, a cup-and-handle pattern has emerged, typically suggesting the potential for a price breakout, possibly targeting the $150 range.
Conclusion
Quant’s sharp price increase, combined with its strategic positioning in major financial infrastructure projects and the rising adoption of tokenized real-world assets, paints a bullish picture. With supportive technical patterns and solid fundamentals, QNT remains a token worth monitoring as the broader digital asset ecosystem evolves.
