The Canton Network has experienced a remarkable surge in its price over the past few weeks, capturing significant attention by achieving nearly a 40% increase within just one week. This upward momentum intensified following the announcement of a strategic partnership with The Depository Trust & Clearing Corporation (DTCC) earlier last week.
This collaboration has placed Canton Network at the forefront of institutional discussions around tokenization, sparking renewed enthusiasm among investors.
Canton Network Partners with DTCC
Last week, DTCC and Canton Network officially revealed their alliance to facilitate the tokenization of assets held by The Depository Trust Company on the Canton blockchain. Their goal is to create a compliant and privacy-focused blockchain infrastructure tailored for regulated financial entities. This initiative underscores both parties’ dedication to promoting digital asset integration within traditional finance.
The partnership also reflects Digital Asset’s ongoing cooperation with DTCC in developing enterprise-grade blockchain solutions. Market analysts viewed this announcement as strong validation for Canton’s technical framework, which quickly boosted demand for CC tokens amid growing confidence in its potential role within regulated markets.
Canton Token Holders Surpass Chainlink Investors
Investor engagement remained robust throughout last week, supporting sustained price growth. On-chain metrics reveal that approximately 23,972 unique addresses were active during the previous 24 hours alone. These users collectively executed over half a million transactions—an indicator of vibrant network activity.
To put this into perspective, other well-known tokens showed comparatively lower activity: XRP had about 39,000 active addresses; Cardano registered near 25,000; and Chainlink recorded roughly 4,000 active participants. This data suggests that CC’s recent price appreciation stems from genuine usage rather than speculative trading or low liquidity conditions.
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Technical indicators further reinforce an optimistic outlook for CC’s trajectory. The Relative Strength Index (RSI) currently remains above neutral levels indicating positive buying momentum is intact. This aligns well with increased transaction volumes and overall network engagement observed recently.
Nonetheless, caution should be exercised as RSI approaches overbought zones—a condition often preceding short-term corrections. Provided it does not cross extreme thresholds, the broader upward trend remains technically sound.
Canton Token Reaches New Monthly Peak
At present writing time, Canton Coin (CC) treads near $0.106 representing almost a forty percent weekly gain.
The Parabolic SAR indicator continues signaling an ongoing bullish trend suggesting further upside potential if market conditions remain favorable.
A clear breakout beyond resistance at $0.109 could propel prices toward $0.118 followed by possible advances up to $0 .133 – reinforcing recent monthly highs while strengthening bullish sentiment overall.
However , risks exist if buying pressure diminishes . Overextended RSI readings or profit-taking may trigger downward moves . A drop below support at $0 .101 might expose downside risk targeting levels near $0 .089 , potentially invalidating current bullish assumptions .
Source : BeInCrypto – Original article titled “Canton Network (CC) Has Overtaken Top Coins As Price Hit Four-Week High”.