cryptonews.net
Quant, a popular cryptocurrency project in the real-world asset tokenization industry, continued its recovery on Thursday. The Quant token rose to an intraday high of $97.40, its highest since February 2 and 30% above its lowest fluctuation this month. The token jumped after Oracle, the 19th-largest company in the world, unveiled its Oracle Blockchain Platform Digital Assets Edition. OBP DA is a new enterprise-grade solution designed to help partners create and deploy digital assets.
The platform is built using Quant’s Overledger technology, which enables cross-ledger operations and workflows. Overledger is often seen as a better and more advanced alternative to the Chainlink Cross-Chain Interoperability Protocol (CCIP). It allows OBP DA to guarantee atomic settlement with immediate finality and bridge the gap between blockchains.
The daily chart shows that QNT price soared to a high of $171.3 in 2024 and retreated to a low of $72.54 last week. It bounced back and retested the key resistance at $95.57. Quant has strong technicals and is likely to resume its downtrend and possibly retest the support at $72.55.
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