Altcoin Watch: Top 3 Tokens for Better Entry- QNT, HT & AR

The digital currency ecosystem is currently experiencing a massive valuation plunge as the cryptocurrency industry is still trying to find a balance after the United States Bureau of Labor Statistics (BLS) released the inflation data in September. 


The Consumer Price Index (CPI) came in at 8.2% for the past month showing the ongoing interest rate hikes, the last of which was 75 basis points, are not yielding good fruits at this time. The resultant reaction plunged the traditional market into chaos, and the resultant ripple effect was experienced in the broader digital currency ecosystem.

The combined crypto market cap was down 0.31% at the time of writing and pegged at $921 billion. With the seemingly bearish trend, here is a brief rundown of altcoins entering the new week with impressive weekly performance.

Quant (QNT)

For the second time in a row, Quant is trending as one of the top performers in the ecosystem with a 22.46% to $192.68 per data from CoinMarketCap. The coin has been on a massive uptrend for the better part of this month, and investors may need to watch well before leaping into acquiring this token moving forward. This is because a mild correction may be underway in the short term.

Huobi Token (HT)

Huobi Token is the native coin of the Huobi Global exchange. The coin has printed as much as 72.16% to $7.07. The Huobi token is flying on a massively bullish trend with the news of the exchange being acquired by About Capital Management, with reports of links to Tron’s founder, Justin Sun.

With the change of ownership, investors believe the exchange may be well-capitalized and positioned to finance its current global growth.

Arweave (AR)

Arweave is a decentralized storage network that seeks to offer a platform for the indefinite data storage. Since its inception, the protocol’s adoption has grown remarkably; thus far, this adoption has been reflected in its token price growth.

The coin is changing hands at $10.06, up 13.50% over the past week.

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Top 3 Crypto Gainers as Market Sees Flat Recovery: XRP, QNT, and CSPR

The digital currency ecosystem is seeing a general flat growth over the past 24 hours, evidenced by the combined crypto market cap, which was up 0.25% to $945.82 billion. 


The past week, as usual, has been filled with a lot of ups and downs for the top digital currencies, all of whom have managed to pare off some of the steep losses accrued in the trailing 7-day period. 

With bankruptcy rocking the crypto world and known companies losing their top executives, the upset in the industry is only climbing more. However, amidst all these, XRP, Quant (QNT), and Casper Network (CSPR) have stood out over the past week.


Arguably one of the most resilient tokens since the start of the crypto winter, further compounded by the fact that it is at the centre of the legal battle between the United States Securities and Exchange Commission (SEC) and its associated blockchain payments company, Ripple Labs Inc.

At its current price of $0.5403, XRP has seen a 16.98% growth over the past week, reiterating how much of a bullish run it has printed in that time frame per the chart below.

Quant (QNT)

Quant is consistently top-performing and is known to have featured in the previous Blockchain.News altcoins watchlist. Currently changing hands at $157.63, up 6.57% in the past 24 hours and by 17.20% over the past week, the token is notably one of the altcoins to watch for the coming week.

Quant is notably expanding its ecosystem and relevance by a large factor as a protocol to connect blockchain protocols on a global scale.

Casper Network (CSPR)

The Casper Network recently made it to the top 100 biggest cryptocurrencies list by market cap. Investors have taken their time to ascertain how revolutionary the protocol has been since its token sale in Q1 2021.

Branded as a functional, highly efficient, low-energy consuming layer 1 protocol, Casper adoption and token price growth took a new dimension this past week.

While its price is slightly below its weekly high, the current $0.03634 came by following a 24.94% growth over the past 7 days, the highest of the top 100 coins surveyed over the same timeframe.

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Best Performing Altcoins Review: FLOW, QNT, DCR

The general outlook of the digital currency ecosystem is one of positivity, which is evident by the combined crypto market cap pegged at $1.1 trillion, up 0.22% over the weekend.


Despite the recorded weekend dip, many altcoins were still in the green compared to the weeklong performances.

With varying fundamentals driving their inherent growth, Flow (FLOW), Quant (QNT), and Decred (DCR) are the three altcoins leading the next wave of bullish momentum in the crypto ecosystem.

Flow (FLOW)

Flow is one of the most important protocols designed as a fast, decentralized, and developer-friendly blockchain. It is designed as the foundation for a new generation of games, apps, and the digital assets that power them. 

The relevance of the protocol, designed by Dapper Labs, is becoming more evident by the day, with Meta Platforms announcing that its Instagram users who own Non-Fungible Tokens (NFT) on Flow can now showcase them on the platform alongside Ethereum and Polygon. 

The news fueled the massive uplift of FLOW since it came out last week, and in the week-to-date period, FLOW was up 32.59% to $2.64. While a correction might be natural for FLOW, the digital currency has unique potential for more bullish growth in the near to long term.

Quant (QNT)

Quant was launched to connect blockchains and networks globally without reducing the efficiency and interoperability of the network. Since it launched in June 2018, its ecosystem has grown remarkably, and its users have continued to fuel a rally in the protocol’s token, QNT.

QNT is amongst the major coins that have led to the market’s growth this past week and has surged by 23.80% to $127.06. Besides being among the best performers, it is also a key token to watch in the short term.

Decred (DCR)

Decred is branded as an innovative project because it bets on blockchain technology’s decentralized nature to prevent monopoly over voting status in the project itself. The token is best described as ‘Money Evolved’, and many have come to appreciate its offering since its inception. The DCR coin is up 44.71% to $40.38, and despite its recent slip, Decred is a formidable token that must be on every trader’s watchlist in the near term.

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Crypto Gains Flattens But These Altcoins Are Set to Cool Off

For the first time in quite a while, many digital currencies closed the week in the positive zone, and prices at the time of writing are generally flattened. Bitcoin (BTC) is changing hands at $21,118.04, up 0.62% on the hourly chart despite a mixed percentage on the daily and weekly charts respectively.


With a series of fundamentals backing the ecosystem last week, many altcoins soared remarkably to new heights. Per the top 100 cryptocurrencies listed on CoinMarketCap, Aave (AAVE), Quant Network (QNT), and Convex Finance (CVX) recorded the most bullish growths within this time frame.


As is generally known, every massive spike in price is generally accompanied by bearish correction, the mildness of which is determined by the coin’s ecosystem.


Performance of AAVE, QNT, and CVX on the Chart


Aave is currently trading at a price of $77.32, down 3.33% in the past 24 hours and by 32.66% over the past week. As a lending protocol with an impending V3 upgrade, the Aave ecosystem is all but geared up for what the future currently holds for the protocol and its native token.


The Quant Network had a more positive growth curve over the past week. At a price of $79.93, the protocol which has the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network, is up 47.13% over the past week.


Convex Finance, a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there also recorded a massive growth uplift this past week. As users jostled to take up scraps from the crypto ecosystem amidst the yet-to-be-cleared crypto winter, CVX comes off as one of the most embraced altcoins for this week.

Changing hands at $5.95, it has recorded as much as 45.86% over the past week. While it is worth noting that these three altcoins are worth putting up on every trader’s watchlist, the probability that they can experience a bearish retracement this coming week is high. Based on this, all traders should bear this in mind and act accordingly.

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Total crypto market cap drops by 6.7%, but futures data finds a silver lining

Looking at the past 7-days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still, total market capitalization actually fell by 6.7% to $2.72 trillion as Bitcoin’s (BTC) price retraced 8.3% to $58,425.

Top winners and losers from the sector’s top 80 coins. Source: Nomics

The only connection between this week’s top gainers seems to be the Metaverse and gaming sector, which has been on a bull run since Facebook rebranded to Meta on Oct. 28, signaling its new focus on that segment. Further bullish news backing the current surge in Metaverse-related tokens is Gemini exchange raising $400 million on Nov. 19 to build a decentralized Metaverse.

Top performers had specific reasons for the pumping

Gala (GALA) pumped after its Coinbase and Huobi listing on Nov. 16. The utility token powers a decentralized gaming ecosystem that gives players a voice in the funding and development phases. (CRO) also had news of its own on Nov. 18 to justify the rally. The marketing department behind the Singapore-based exchange decided to splurge $700 million to purchase the naming rights to the stadium where the NBA’s Los Angeles Lakers play.

On Nov. 19, Elrond (EGLD) also announced a $1.29 billion incentive program to help attract users and liquidity to its decentralized finance ecosystem. The project uses sharding technology to achieve up to 15,000 transactions per second (TPS).

Decentralized exchanges tokens take a hit

Among the worst performers, there were two decentralized exchange utility tokens. The only negative news appeared to be the Nov. 9 paper by the United States Securities and Exchange Commission Commissioner Caroline Crenshaw. The study mentioned that the sector lacks market protections and raises concerns about pseudonymity and market manipulation.

Quant (QNT) continues in a downtrend after a 122% 7-day rally on Sept. 3, fueled by a protocol upgrade that allowed ERC-20 and ERC-721 token interoperability.

Vechain Thor (VET) retraced after a 38% 7-day pump on Nov. 2 ahead of its proof-of-authority (PoA) mechanism v2.0 testnet release on Nov. 5. The upgrade offers a more secure system to select the block producers.

The OKEx Tether (USDT) premium, which measures the difference between its China-based peer-to-peer (p2p) trades versus the official U.S. dollar currency, has slightly improved.

OKEx USDT peer-to-peer premium vs. USD. Source: OKEx

The current 99% indicator is slightly bearish, and it signals weak demand from cryptocurrency traders to convert cash into stablecoins—still a vast improvement from the 5% discount in mid-Oct.

Meanwhile, the cryptocurrency total futures open interest was negatively impacted by the generalized price drop. Nevertheless, the move was expected since the total market cap retraced and some $2.7 billion worth of liquidations took place during the week.

Total crypto aggregated futures open interest. Source:

Despite this, the indicator remained at a healthy $50.3 billion mark, which is 60% higher than two months ago. It is worth noting that an open interest decrease is not necessarily bearish, but maintaining a certain level is interesting as more liquidity providers and market makers enter the market.

The above data might not sound encouraging, but considering that Bitcoin (BTC) and Ether (ETH) suffered considerable losses this week, the overall market structure held nicely. Those betting on an “altcoin season” may have been disappointed, but at least there were no generalized 15% or higher losses.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.