Before adding QNT to your portfolio, consider these metrics

ambcrypto.com:

Quant, an Ethereum token, used to power Quant Network’s Overledger software showed tremendous growth over the past months. Furthermore, it has been showing positive numbers in its market capitalization and social media dominance as well.

Could this coin be the underdog asset that can boost the growth of a crypto investor’s portfolio?

According to a report by Santiment, a leading crypto analytics firm, QNT’s market capitalization had grown over the past few days. This uptrend in market capitalization was the result of various positive developments that QNT witnessed.

Consider this- QNT’s trading volume was the highest since September 2021. Additionally, QNT’s address activity has been consistent. This can be observed from the chart below.

Source: Santiment

Whales had also been observed lending a helping hand to QNT’s growth. Over the past five months, whale addresses holding up to $100 thousand have been observed to show their interest in the token. And, they have added 15.4% more to their addresses during this duration. 

Some of QNT’s growth could also be attributed to its powerful presence in the social media landscape. Over the past month, QNT’s social media presence saw a massive spike.

Its social media engagements appreciated by 78.81% and its social mentions grew by 31.25% in the last 30 days.

The attention that QNT received from social media was largely positive. As can be seen from the image below, QNT’s weighted sentiment metric was on an uptrend since the past week.

Source: Santiment

If Quant Network managed to capitalize on its growing social media presence, the QNT’s price may grow even further.

However, there are a few things that investors should consider before getting into a trade. QNT’s velocity had shown high