Quiztok (QTCON), the native token of the fast-growing chatbot challenge, has rallied by over 237% within the final seven days.
This substantial surge has solidified the token’s place as the highest gainer among the many 500 largest crypto belongings.
Commencing in July, QTCON’s current surge adopted a subdued first half of the 12 months. Regardless of intermittent upswings within the broader crypto market, the token lingered under the essential $0.0024 threshold, dampened by bearish sentiment and waning investor curiosity.
The asset’s preliminary upward actions started in June because it noticed a resurgence of curiosity from market individuals. Nevertheless, this ascent maintained a average tempo till July, coinciding with a sequence of ecosystem developments related to the challenge.
The Quiztok improvement group unveiled a variety of initiatives throughout Q2 2023. These encompassed an AI-driven quiz system and the Quiztok non-fungible tokens (NFTs). Amongst these endeavors, the introduction of a B2B2C enterprise mannequin was some of the pivotal.
These releases garnered appreciable consideration for the Quiztok challenge, spurring a notable surge in demand. The buildup development propelled the current rally, culminating in a worth of $0.01448 on the time of writing. The final time QTCON noticed this worth was in April 2021.
Quiztok seals the highest gainer spot
Amid the upsurge, Quiztok has remarkably gained by 237.82% over the previous seven days, firmly establishing itself as the highest gainer among the many prime 500 belongings within the final week. This current rally has pushed the token’s standing on CoinMarketCap’s (CMC) prime 500 listing to the present 259th place.
Curiously, the asset has develop into a prime gainer within the 24-hour and seven-day timeframes. Nevertheless, regardless of a formidable 482.81% surge, it has slipped to second place within the 30-day timeframe.
Quiztok’s transfer to 259th largest asset was triggered by a 96% surge in market capitalization over the previous 24 hours. The token now has a valuation of over $90 million. Furthermore, its 24-hour buying and selling quantity has elevated by 207%, signaling a surge in demand.