{"id":327176,"date":"2021-08-18T23:05:00","date_gmt":"2021-08-18T20:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/quant-arweave-and-avalanche-soar-while-bitcoin-searches-for-support\/"},"modified":"2021-08-18T23:05:00","modified_gmt":"2021-08-18T20:05:00","slug":"quant-arweave-and-avalanche-soar-while-bitcoin-searches-for-support","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/quant-arweave-and-avalanche-soar-while-bitcoin-searches-for-support\/","title":{"rendered":"# Quant, Arweave and Avalanche soar while Bitcoin searches for support"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a299d580b2b1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a299d580b2b1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/quant-arweave-and-avalanche-soar-while-bitcoin-searches-for-support\/#AR_continues_its_hot_streak\" >AR continues its hot streak<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/quant-arweave-and-avalanche-soar-while-bitcoin-searches-for-support\/#QNT_rallies_33\" >QNT rallies 33%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/quant-arweave-and-avalanche-soar-while-bitcoin-searches-for-support\/#Avalanche_integrates_with_Aave_and_Curve\" >Avalanche integrates with Aave and Curve<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Quant, Arweave and Avalanche soar while Bitcoin searches for support <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The cryptocurrency market once again entered a period of uncertainty on Aug. 18 as the price of Bitcoin (BTC) struggled to find momentum below $46,000 and large-cap altcoins pulled back slightly.<\/p>\n<p>Several projects did manage to buck the trend and post double-digit gains thanks to cross-chain integrations and protocol upgrades that excited their respective communities and provided traders with lower-fee Ethereum network alternatives. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/6aa4f1ad-9638-49b4-9f5c-7ca5c33a9d66.png\"><figcaption style=\"text-align: center;\"><em>Top 7 coins with the highest 24-hour price change. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the biggest gainers over the past 24-hours were Quant (QNT),\u00a0Arweave (AR) and Avalanche (AVAX).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"AR_continues_its_hot_streak\"><\/span>AR continues its hot streak<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Arweave&#8217;s AR token has been one of the top-performing coins over the past week, with activity on the decentralized storage network <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/samecwilliams\/status\/1427041260368547848\">continuing<\/a> to set new record-highs in daily transactions. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for AR on Aug. 14, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/7ccaf1f3-43a7-4f33-bc5d-4b2e9b0ae44f.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. AR price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for Arweave was elevated into the green zone earlier in the week and reached a high of 71 on Aug. 14, around 19 hours before the price of AR increased 106% over the next four days. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"QNT_rallies_33\"><\/span>QNT rallies 33%<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The enterprise-focused Quant protocol specializes in facilitating interoperability across separate blockchain networks, and on Aug. 18, the QNT token posted its second-largest gain, according to data from Cointelegraph Markets Pro.<\/p>\n<p>Data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/QNTUSDT\/\">TradingView<\/a> shows that after hitting a low of $149.61 on Aug. 17, the price of QNT rallied 33% to an intraday high at $200.18 on Aug. 18 as its 24-hour trading volume spiked 436% to $179 million. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/16b2f9f3-c8de-45d6-8d8a-0ee5c80545ef.png\"><figcaption style=\"text-align: center;\"><em>QNT\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/QNTUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Momentum for the project has been on the uptrend since the formation of the Quant Developer program <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/QuantDevelopers\/status\/1427903094868873218\">designed<\/a> to help attract new developers to the project&#8217;s ecosystem. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Ukrainian ministry considering digital currency pilot for staff salaries<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Avalanche_integrates_with_Aave_and_Curve\"><\/span>Avalanche integrates with Aave and Curve<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Avalance is a layer-one blockchain protocol that claims to be the \u201cfastest smart contracts platform in the blockchain industry, as measured by time-to-finality.\u201d The project also boasts having \u201cthe most validators securing its activity of any proof-of-stake protocol.\u201d<\/p>\n<p>Data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/AVAXUSDT\/\">TradingView<\/a> shows that after falling to a low of $21.44 early on Aug. 18, the price of AVAX surged 33% to an intraday high at $28.47 as its 24-hour trading volume spiked 50% to $1 billion. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/8550c3f2-b14e-4400-b5f1-cce0a8762c83.png\"><figcaption style=\"text-align: center;\"><em>AVAX\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/AVAXUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The project received a boost on Aug. 18 following the\u00a0announcement that Avalanche had <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/avalancheavax\/status\/1427994599847563265\">partnered<\/a> with Aave and Curve to create a $180 million liquidity mining incentive program called &#8220;Avalanche Rush.&#8221;<\/p>\n<p>According to the announcement, the goal of the program is to \u201cbring blue-chip DeFi <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications to Avalanche, starting with two popular protocols, Aave and Curve.\u201d<\/p>\n<p>The overall cryptocurrency market capitalization now stands at $1.961 trillion, and Bitcoin\u2019s dominance rate is 43.9%.<\/p>\n<p class=\"post-content__disclaimer\">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, and you should conduct your own research when making a decision. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Several projects did manage to buck the trend and post double-digit gains&#8230;<\/p>\n","protected":false},"author":1,"featured_media":327177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvOGQ1MjE5NzktMTE1Ni00YmFiLWJjYTEtNGQ3OGY2YWQ4ZGIwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,74937,74863,74868,75150,105688,110482,73785],"class_list":["post-327176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-defi","tag-market-update","tag-markets-pro","tag-quant-network","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/327176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=327176"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/327176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/327177"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=327176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=327176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=327176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}