CandleFocus QNT Price Surges After Regulator Gives Green Light to Staking
2024-09-09
Author: Content Editor
The native token of Quant, QNT, has experienced a significant increase in value, rising by 17% after regulators approved its staking feature. This approval has prompted a strong rally in the altcoin market, with Quant trading at $70.82 at the time of writing. The inclusion of staking capabilities on the Overledger network has contributed to this rally, as it increases the token's utility and reduces its circulating supply. This news is viewed positively by investors, as it implies an increase in demand and a reduction in supply, potentially leading to further price increases. Quant's Overledger Network aims to connect different blockchain networks and enable the development of decentralized multi-chain applications.
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