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HBAR and ALGO rally on U.S. institutional interest after QNT's sharp gains

Market News
28 Sep 2026
Tokenpost
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Bullish
HBAR and ALGO rally on U.S. institutional interest after QNT's sharp gains

HBAR rose about 30% and ALGO gained over 25% following a strong rally in QNT, which surged more than 300% after The Clearing House announced plans for a tokenized-deposit network using Quant's technology. The moves highlight growing market interest in tokens linked to U.S. institutional infrastructure and regulated use cases. HBAR's rise was supported by its identity platform's inclusion in the IBM Cloud Catalog, while ALGO benefited from a security upgrade, new leadership, and favorable regulatory news. However, actual increases in token usage remain uncertain, with the next major institutional milestone expected in 2027 when The Clearing House's project launches.

HBAR trades at Rp2.122 on Pluang, up 25.22% as of Sep 29, 2026 10:02 WIB, showing strong buying interest with 56% buy orders. ALGO is priced at Rp2.404, gaining 13.29% with balanced buy and sell activity. Meanwhile, QNT is down 16.54% at Rp4.061.669, reflecting some profit-taking despite its recent rally.

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