The Daily Breakdown takes a closer look at VeChain and Quant, then dives in the chart for QNT as bulls look for support.
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Crypto Corner
We’re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the 110+ cryptoassets offered by eToro. Today we’ll discuss VET and QNT.
VeChain (VET): Currently trading near $0.01 with a market cap of roughly $940 million
VeChain is an enterprise-focused blockchain launched in 2015 and rebranded as VeChainThor in 2018, designed for supply chain tracking, logistics, and sustainability use cases. It uses a Proof-of-Authority consensus model and a dual-token system, where VET supports value transfer, staking, and governance, while VTHO is used for transaction fees. VeChain emphasizes predictable costs, regulatory-friendly infrastructure, and real-world adoption, with enterprise partners including Walmart, BMW, and Deloitte. The network is governed by stakeholders and node operators, with utility-driven participation rather than profit-sharing.
Quant (QNT): Currently trading near $71 with a market cap of roughly $860 million
Quant is an enterprise-focused blockchain interoperability project founded in 2018 to connect multiple blockchains and traditional systems. Built on Ethereum, Quant’s Overledger platform enables financial institutions, enterprises, and developers to create multi-chain applications without modifying existing networks. The QNT token is used to pay for license fees, gateway access, and platform services within the Overledger ecosystem. Quant emphasizes security, compliance, and scalability, making it well suited for regulated industries. Token utility is tied to software access and usage, not profit-sharing or ownership rights.
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The Setup — Quant
When we look at the technical setup of Quant, we can see that it’s trying to find support in the $68 to $70 region. This area has been support going back to early November. If this zone holds, bulls might look for a rebound higher. However, if it fails, bearish momentum could accelerate, potentially putting the mid- to high-$50s in play.
What Wall Street’s Watching
Shares of Nio are trending higher this morning, up about 4% after CEO William Li offered an upbeat forecast for the fourth quarter. The midpoint of the company’s outlook suggests another monthly delivery record, which the company just hit in October. Shares are up ~22.5% so far this year. Dig into the fundamentals for NIO.
SLV
The SLV ETF remains in focus as silver and gold go through a spurt of volatility. Yesterday, SLV fell 7.2% — its second largest one-day decline this year — but it’s back up roughly 5% in pre-market trading. As for the GLD ETF, it fell 4.3% yesterday, but is also rebounding this morning. Check out the chart for the SLV.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.