What Is The Top Crypto Gainer Of Today, October 17th

Crypto With The Biggest Gains In The Last 24 Hours

✍️ 17 October, 2022 - 16:18 👤 Editor: Jakub Motyka

  • Despite low transaction volumes, the cryptocurrency market does not rest on weekends.
  • According to data from CoinMarketCap, this has been the cryptocurrency that has increased its value the most in the last 24 hours. This is the top crypto gainer as of today.
  • The latest news about cryptos, in our Telegram channel.

During the weekend, the cryptocurrency market continued in constant movement, likewise, a cryptocurrency has risen surprisingly in the last 24 hours. Naturally, transaction volumes are much lower than the rest of the week, allowing us to see some “unexpected” spikes.

According to data from CoinMarketCap, the Quant Network (QNT) token has been the one that has shown the best performance in the last 24 hours, this means, it's the biggest crypto gainer today. What is it? What is it about? Follow us to learn more.

Quant Network (QNT) is a protocol that was launched in 2018 with the aim of connecting with different types of networks and blockchains. Its QNT token ranks 28th among the coins with the highest market capitalization. At the time of writing this article, it is in the range of USD 209, after having increased by 13.8% in the last 24 hours.

What Is Quant Network (QNT), The Top Crypto Gainer Today That Has Risen The Most In The Last 24 Hours?

Quant Network is a cryptocurrency ecosystem that was developed to allow protocol interoperability between different blockchains. It uses an operating system called Overledger OS, to design and run multi-chain applications (mApps). In this way, it is able to provide fluid communication, and even use smart contracts in networks that do not have this technology, as is the case with Bitcoin.

Quant Network is a closed source project and requires a license to use. Currently, it supports Bitcoin, Ethereum, Ripple, Stellar, EOS, IOTA, Constellation, JP Morgan blockchain Quorum and Hyperledger Fabric blockchain. However, its native token, QNT, is required to use and develop its multi-chain environment. It is also required to encrypt and sign transactions and transfer digital assets between the different supported blockchains.

How Is It That QNT Has Become The Cryptocurrency That Has Risen The Most In The Last 24 Hours?

In the last 24 hours, QNT, the native token of the Quant Network, has been one of the cryptocurrencies that has shown the best performance in the market. In the early morning hours it reached 21%, having touched the range of 225 dollars. After making a correction to 198, it remains at USD 209 per token, drawing a possible pennant pattern.

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