Quant rallies 227% in a week as Bitcoin and Dogecoin decline

Quant (QNT) rose 227% in a week. QNT climbed from a low of $66 to a high of $358. Its market capitalization rose to $3.56 billion from $975 million a week earlier. QNT reached levels last seen more than five years ago. QNT powers the Quant Network, an interoperable operating system that connects different blockchains with traditional banking networks. Clearing House selected Quant last week to settle its new tokenized-deposit transactions. The selection provided a major impetus to QNT. On-chain analytics firm Santiment reported a sharp jump in on-chain activity. Santiment reported that QNT's new addresses reached 7,516 on Sep. 27. Santiment reported that active addresses reached 14,458 on Sep. 27. Bitcoin, Ethereum and Dogecoin recorded significant declines over the last seven days. Treasury yields hit multi-year highs.