Why Is Canton (CC) Price Pumping?

The Canton (CC) price is sharply higher today, jumping almost 20% and trading near $0.150 at writing. Trading volume is also up close to 50% over the past day, making CC the top gainer in the market right now. 

This move is not coming out of nowhere. Several major catalysts hit at the same time, and the chart is starting to reflect that shift.

The biggest trigger came from confirmation that Nasdaq is joining the Canton Network as a Super Validator. This is a major credibility boost. 

Canton already handles large-scale institutional settlement flows, but Nasdaq’s involvement strengthens the case that the network is being built for regulated finance, not retail speculation.

This news reinforces the idea that Canton is positioning itself as core infrastructure for tokenized assets, especially U.S. Treasuries and other real-world financial instruments.

Moreover, momentum picked up further after CC flipped both SUI and AVAX by market cap, pushing it into the top 20 on CoinMarketCap. That ranking change brought more visibility and short-term momentum traders into the market.

At the same time, Bitwise filed for a basket of crypto ETFs that includes CC. While this does not guarantee approval, it places Canton firmly on the institutional radar and adds to the broader narrative around regulated on-chain finance.

In addition, on-chain data supports the price action. Canton processed more than 500,000 transactions in the last 24 hours, with monthly activity now above 15 million transactions. Active addresses are up sharply since mid-December, pointing to real usage rather than just speculative churn.

Canton (CC) burn mechanism also ties network activity directly to token supply. Over 450 million CC has already been burned this year, adding a deflationary element as usage grows.

What the Canton Chart and Indicators Are Showing

On the chart, a strong breakout above recent resistance levels has been seen for the CC price. The price is consolidating around highs instead of dropping sharply, hence a clear dominance by buying pressures. 

The level of volatility has increased, confirming that the markets are leaving a stage of consolidation.

Funding rates are stable, indicating that the leverages have not overheated yet. Momentum indicators are high but not extremely high, which provides for further continuation on strong volume.

Read Also: ChatGPT Predicts the Best Cryptos to Buy in January (Hint: SOL and XRP Do Not Make the List)

Source: Coinank

As long as the CC price holds above the $0.14 area, the structure remains constructive. A clean hold above $0.15 could open the door to further upside, especially if follow-through news around DTCC timelines or additional institutional validators appears.

If momentum fades, the $0.13–$0.135 zone is the first level where buyers are likely to step back in. For now, the move looks driven by real catalysts, not just hype, which is why the Canton (CC) price is standing out today.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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