Gate News Bot news, on November 24, according to CoinMarketCap data, as of the time of writing, CC (Canton) is currently priced at $0.09, rising 13.25% in the last 24 hours, peaking at $0.11, and falling to a low of $0.07, with a 24-hour volume of $340 million. The current market capitalization is approximately $3.014 billion, an increase of $353 million compared to yesterday. Currently, CC ranks 33rd in the global Crypto Assets market capitalization.
Important news regarding CC (Canton) recently:
1️⃣ Canton Wallet announces phased shutdown of CC drip mechanism
Canton Wallet will completely stop the CC drip mechanism on December 25th. This temporary reward program aims to attract users to participate through small continuous CC token rewards. At the same time, Canton Wallet plans to launch multiple new products, including treasury, staking, Pool Party decentralized exchange, and CUSD stablecoin. 30% of application layer rewards will be reserved for community distribution, and there are currently 17,166,000 CC community rewards remaining in reserve.
2️⃣ 21shares launches the first Canton Coin ETP
21Shares has launched the world's first Canton Coin ETP (CANTN), providing investors with exposure to CC. This ETP has been listed on Euronext Amsterdam and Paris, with a management fee of 2.5%. This initiative is expected to enhance the market visibility and investment accessibility of CC, attracting more institutional investors' attention.
3️⃣ Société Générale issues digital bonds on the Canton Network
SG-FORGE, the crypto assets division of Societe Generale, has completed its first digital bond issuance based on the Canton Network in the United States. This issuance utilized the tokenization technology from Broadridge Financial Solutions, showcasing the advantages of the Canton Network in achieving instant settlement while retaining the traditional financial legal structure. This move provides a practical case for institutional applications in the CC ecosystem and helps enhance its influence in the fintech sector.
The strong rise in CC price may be related to these positive factors. The continuous development of the Canton Network ecosystem, the launch of new financial products, and the increased institutional participation have jointly boosted market confidence in CC. However, as the CC drip mechanism gradually closes, it may impact token distribution in the short term, and investors should closely monitor the potential effects of this change on the market.
This message is not intended as investment advice; investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Expert Claims Altcoin Metrics Are Being 'Gamed' to Mislead Investors
Crypto researcher Orbion raises concerns over the possible manipulation of key market indicators, including the Altseason Index and Crypto Fear and Greed Index, suggesting that inflated metrics create false optimism and mislead investors about the onset of altcoin season.
Coinpedia39m ago
XRP Holds $1.34 Support as $1.80–$2.00 Becomes 2025 Make-or-Break Zone
XRP is trading at $1.37 and its trading higher than the support of $1.34 but facing a heavy resistance at $1.38.
The critical structural pivot zone of $1.80-2.00 is the critical 2025 structural pivot.
March structure has the targets of $2.78 and 3.60, with anticipated
CryptoNewsLand41m ago
XRP Slides to $1.42 After Losing $1.80–$2 Neckline as $1.39 Support Faces Immediate Test
XRP dropped to less than the $1.80-2 neckline and a key support area became an overhead and the overall trend was altered.
The current short-term trading corridor is between the support and resistance of the asset which is between $1.39 and $1.47 respectively.
A price above $1.39 will
CryptoNewsLand47m ago
Dogecoin Prints Monthly Morning Doji Star — Will $0.097 Break Next?
Dogecoin is forming a "Morning Doji Star" pattern on the monthly chart around $0.09, indicating a potential bullish reversal despite a recent 1.9% daily decline. Key support is at $0.09036 and resistance at $0.09707, with current trading at $0.09010.
CryptoNewsLand51m ago
Solana at $84: Two Liquidity Clusters Might Decide Next Move - U.Today
Solana's payments volume surges 755%, but its price drops 1.40% amid profit-taking and a stronger dollar. Market sentiment remains cautious, with two liquidity clusters forming at $95 and $78-$85, indicating potential future volatility.
UToday1h ago
PEPE Price Coils Within $0.053385–$0.053517 Band as Momentum Stays Balanced
PEPE is trading within a tight range, with support at $0.053385 and resistance at $0.053517. The token shows minimal daily gains and balanced momentum indicators, indicating potential for volatility. Despite limited movement against USDT, PEPE appreciates against BTC and ETH.
CryptoNewsLand1h ago
