The Quant token saw significant gains in May, driven by increased demand in the real-world asset tokenization industry. As supply of QNT tokens decreased on exchanges, it suggested reduced selling pressure. The price reached a high of $119.67 in May, marking an impressive 101% jump from its lowest point in April. This surge propelled Quant’s market capitalization beyond $1.2 billion. Quant’s rise was further accelerated after the European Central Bank (ECB) selected it as a pioneer partner for its digital euro project. It’s one of seventy companies included in the program, with its role being to help secure the currency. This followed a partnership with Oracle, one of the world’s largest technology firms, where Quant’s technology plays a key role in enabling interoperability and cross-ledger orchestration on Oracle Blockchain Platform Digital Assets Edition (OBP DA). Quant is set to play a significant role as the real-world asset industry evolves. Tokenized assets have grown rapidly from less than $50 million in 2020 to now over $23 billion, highlighting the burgeoning potential of this space. Analysts predict that trillions more will be tokenized in the coming years. This growth likely explains why investors have reduced selling pressure on QNT. Santiment data shows a significant decrease in the number of QNT tokens held on centralized exchanges from 1.7 million to 1.67 million. Quant’s price has bounced back from a low of $59.24 in April to a high of $119.67 in May, forming a golden cross pattern as its 50-day and 200-day exponential moving averages crossed. This suggests further potential for price increases. Quant’s price chart shows a cup-and-handle pattern, with the current retreat representing part of the handle section, indicating potential future gains towards $150.