QNT rises more than 10% following new digital euro partnership

The native token of Network, QNT, participated in a rally in the days which followed the institutional partnership of the protocol with the Euro euro project of the European Central Bank.

According to data of crypto.News, qnt (Qnt) increased by more than 11% in the last 24 hours. He maintained a regular increase in the last negotiation sessions, earning more than 20% last week and more than 50% in the last month. However, there are almost 80% below its top of all time.

The token of a market capitalization of around 1.3 billion dollars, a daily negotiation volume exceeding $ 30 million. Compared to the previous negotiation day, the volume increased by 5.7%, indicating a modest increase in market activity.

In recent days, the coherent bullish feeling of QNT has allowed him to surpass the wider market of cryptocurrencies, which is up 1.80%. This growing optimism can attract more investors, potentially feeding other price gains.

In fact, there was a significant increase in daily active addresses recorded on the network, increasing by 25.27% according to data TradingView. This indicates an increase in the commitment and interest of users in the platform, which is often correlated with positive price movements.

Not only this, this month, QNT also crossed a long-standing down trend line and has exceeded the $ 80 threshold. This technical break suggests a continuous rise in momentum for the token.

More recently, when announcement This was used to join the European Central Bank on its project to develop a private digital euro. The ECB has been working on the issue of a digital euro since November 2023.

“We are honored to have been selected, and as leaders in the technology of the great distributed book, programmability and interoperability, we have technical expertise, strategic information and in -depth institutional experience to provide a case of programmable payment use in the context of the wider vision of the ECB for a digital euro,” wrote in its official declaration.