Crypto Market Movers in Last 6 Hours: Alchemix, Manta Network, Quant
Alchemix (ALCX) +13.54%
Alchemix (ALCX) is a DeFi protocol known for its self-repaying loans and synthetic assets. It recently experienced a significant price surge, rising 46.15% to $13.65 on November 6, outperforming the broader crypto market.
#ALCX has gained renewed investor interest amid a broader resurgence in decentralized finance. The rally was supported by bullish technical indicators and growing optimism around DeFi innovation, pushing the token price further to $14.23 with a 49.73% increase in the past 24 hours.
Given the strong momentum and positive market sentiment, ALCX is likely to maintain upward pressure in the short term. However, some profit-taking could occur after such rapid gains, so a slight correction toward $12.5 might happen before any sustained rally continues.
Manta Network (MANTA) +12.42%
Manta Network (MANTA) is a privacy-focused Layer 2 protocol enhancing Web3 transactions. The token has seen notable volatility recently, including a +0.5% rise in the last 24 hours and a substantial 576.92% surge over one month following protocol upgrades.
#MANTA’s recent gains are attributed to successful Layer 2 scalability improvements, privacy feature enhancements, and strategic token burns that reduced supply by 15 million tokens. Additionally, an upcoming token unlock event valued at around $20.87 million on March 18 could impact price dynamics.
While MANTA’s fundamentals remain strong with ongoing development milestones, the imminent token unlock may introduce short-term volatility. If demand sustains post-unlock, prices could continue climbing toward the projected maximum of $3.60; otherwise, some retracement is possible.
Quant (QNT) +7.37%
Quant (QNT) is an interoperability-focused blockchain platform facilitating cross-chain communication. It recorded a modest 0.66% price increase to $83.33 over the past day, outperforming an otherwise flat crypto market.
#QNT benefits from institutional interest and bullish technical patterns that have supported steady price appreciation. Earlier trading activity saw QNT briefly surge to an all-time high of $1.70 during initial circulation phases, highlighting early enthusiasm for the token’s utility.
Given its solid fundamentals and growing adoption, QNT is expected to maintain a stable upward trajectory in the near term. However, with relatively smaller daily gains recently, any sharp breakout will likely depend on broader market catalysts or new partnerships.
