Canton (CC) has surged into the top 30 cryptocurrencies, with its price increasing by 25-35% to reach $0.10-$0.11. The market capitalization of Canton now ranges between $3 billion and $3.5 billion. This rise follows significant institutional developments, including the Depository Trust & Clearing Corporation (DTCC) joining as a super validator and co-chair. Additionally, DTCC has partnered with Securitise to tokenize $1 billion in U.S. Treasury bonds on the Canton network by 2026.
Despite the recent gains, technical indicators suggest a potential short-term pullback as the asset consolidates. The involvement of major institutions like DTCC highlights growing interest in Canton's blockchain capabilities, particularly in the realm of asset tokenization.
Canton Climbs into Top 30 Cryptos Following Institutional Moves
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