Cryptocurrency Quant has grown by 80% since the beginning of the fall, despite the overall market decline

According to cryptocurrency analysts, the Quant token (QNT) from Quant Network has grown by 80% since the beginning of the fall, despite the overall negative trend in the crypto market.

At the time of writing, the Quant cryptocurrency is trading at $ 158.5, ranking first among the digital assets that grew the most over the day. The growth of QNT quotes is influenced by the Sibos financial conference, which is attended by representatives of the Quant Network. It is at this event, on October 13, that QNT developers will talk about the project’s future prospects (so we should expect a significant increase in Quant’s volatility on this day).

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— Quant (@quant_network) October 7, 2022

As the developers explain, the Quant Network token provides ease of interaction when connecting any network to DLT (Distributed Ledger Technology). Quant has a closed source code that requires a license. Representatives of Quant Network have experience working with government cryptocurrencies (CBDCs) — Quant Network and the Bank of England conducted joint tests of the digital pound.

The cryptocurrency XRP, owned by Ripple, has also demonstrated significant growth. XRP rose in price by 57.7% in a month, all thanks to the litigation between Ripple Labs and the US Securities and Exchange Commission (SEC). At the end of September, when Ripple Labs filed a motion to dismiss the case, the token grew by 40%. Members of the cryptocurrency community hope that Ripple will succeed in obtaining a positive court decision.

As for other digital assets on the market, their value is currently either falling or moving horizontally without any noticeable activity on the part of traders. Anatoliy Yakovenko, co-founder of Solana (SOL), expressed his opinion on the future of the cryptocurrency market: «If we take into account macroeconomic indicators, the Fed will continue to raise rates for another 12−18 months. But it will eventually end. And it will be the same as during the last bear market.»