Bitcoin (BTC) is shaking... Why are Quant (QNT) and Bitway (BTW) surging?

▲ Quant (QNT), Bitway (BTW), XDC Network (XDC)/AI generated image

Even amidst Bitcoin's price correction, the altcoin market has shown a differentiated trend, with specific tokens leading double-digit surges, driven by interoperability and Real-World Asset (RWA) tokenization technology. Expectations for institutional financial infrastructure adoption and expanding partnerships have put Quant (QNT), Bitway (BTW), and XDC Network (XDC) in the market's spotlight.

According to virtual asset specialized media BeInCrypto on September 28 (local time), three altcoins led an explosive rally while the overall virtual asset market was shaken as Bitcoin fell to the $83,000 level. In particular, Quant surged over 35% in 24 hours, breaking through the $118 level to the $160 level in one go. Buying pressure poured into Quant as expectations for technological integration with global banking payment networks grew, and the adoption of asset tokenization projects by financial institutions through its Overledger platform was prominently highlighted.

Bitway also drew a steep upward curve, exceeding 30%, leveraging infrastructure scalability using Bitcoin liquidity. News of the introduction of Layer 2 solutions and the expansion of staking pools in the Bitcoin-based decentralized finance (DeFi) ecosystem acted as positive catalysts. The diagnosis is that funds rapidly shifted to projects that absorb the added value of the Bitcoin ecosystem amidst Bitcoin's high-point consolidation phase.

XDC Network, specializing in real-world asset tokenization and trade finance, joined the bullish ranks with a rise of over 20%. The announcement of enterprise partnerships integrating blockchain into global supply chain finance and remittance infrastructure fueled its upward momentum. Analysts assess that its market share as an institution-friendly blockchain network is expanding due to increasing demand for inter-company trade finance automation.

Market experts diagnosed that liquidity is selectively flowing into projects with clear utility and institutional financial connections, rather than an indiscriminate rise across all altcoins. Even in a situation where overall market caution has increased due to macroeconomic tightening and increased Bitcoin volatility, infrastructure tokens that have proven their practical business models are establishing independent price movements.

Even amidst the selective bullish trend, the possibility of profit-taking sales due to short-term surges remains a volatility factor. Market attention is focused on whether the trio of utility altcoins, led by Quant, can maintain their institutional infrastructure adoption momentum and continue their rally.

[Article Key Summary]

-Even amidst Bitcoin's correction, Quant (QNT), Bitway (BTW), and XDC Network (XDC) surged by 20-35%.

-Quant's rise was driven by banking sector tokenization collaborations, Bitway by Bitcoin Layer 2, and XDC by trade finance expansion.

-Experts analyze that funds are selectively flowing into practical institutional financial infrastructure tokens, not mere speculative memecoins.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*