Quant and Ethereum Classic lead the top 100 cryptocurrencies in 24-hour gains

The majority of cryptocurrencies have traded positively in the final 24 hours, with some digital belongings recording strong gains, being led by Quant (QNT) and Ethereum Classic (ETC), amongst the top 100 digital belongings by market capitalization.

Particularly, Quant has superior 16.76% over the previous 24 hours and presently trades at $93.12, main the market in phrases of gains. The shut runner-up Ethereum Classic gained 14.74% in the similar time interval and presently is buying and selling at $27.17, as per information acquired from CoinMarketCap on July 27.

Furthermore, the two finest 24-hour performers are adopted by the stablecoin TerraClassicUSD (USTC) in third place, gaining 10.10%, Lido DAO (LDO) in fourth with 7.41%, and Monero (XMR) in fifth place, respectively, with a rise of 6.97% in the final day.

Ethereum Classic Jumps

Notably, Ethereum Classic is having fun with a robust rally, primarily as a consequence of AntPool, a crypto mining platform, lately asserting a $10 million funding to again high quality initiatives constructed on ETC. Endorsed by mining {hardware} producer Bitmain, Antpool is the third-largest Bitcoin (BTC) mining pool and 14th-largest Ethereum mining pool, based on data from btc.com.

Impressively, ETC value has rebounded by over 120% since mid-June, making it the standout performer over the previous month. Nonetheless, it’s nonetheless down over 85% versus its May 2021 file excessive of $185.

As for QNT, On June 20, the cryptocurrency broke out from a descending resistance line that had beforehand been in place since the September 2021 all-time excessive value, later reaching $107.

While QNT’s value has decreased barely since, it bounced at the $100 horizontal space, validating it as help in the course of. If Quant continues to extend, the subsequent closest resistance space can be at $155.

Despite some notable drops in the cryptocurrency market, the newer restoration may sign an finish to the crypto winter. However, it will depend upon quite a few different components, with inflation and rising rates of interest being the most notable.

Buy shares now with Interactive Brokers – the most superior funding platform

Disclaimer: The content material on this website shouldn’t be thought-about funding recommendation. Investing is speculative. When investing, your capital is in danger.