Canton Network (CC) Has Overtaken Top Coins As Price Hit 4-Week High
Canton Network (CC) surged nearly 40% weekly, driven by a partnership with DTCC, leading to high network engagement surpassing other major tokens.Summary
Canton Network (CC) experienced a sharp price surge, gaining nearly 40% over the past week, capturing significant market attention. This rally was primarily fueled by the announcement of a strategic collaboration with The Depository Trust & Clearing Corporation (DTCC) to support the tokenization of US Treasury securities on the Canton Network, which is seen as a major validation of its architecture for regulated finance.
Investor activity remains high, with on-chain data showing 23,972 active addresses executing over 500,000 transactions in 24 hours, activity that notably surpassed comparable metrics for tokens like XRP, Cardano, and Chainlink, suggesting genuine usage is driving the price increase.
Technically, the Relative Strength Index (RSI) signals positive momentum, though it nears overbought territory, which could precede pullbacks. At press time, CC traded near $0.106, and a break above the $0.109 resistance could propel it towards $0.133, reinforcing its recent four-week high.
(Source：BeInCrypto)