Wall Street's darling Canton, it's time to dip your toes in with a small position~
$CC At the end of last month (October 31), it went on Binance contracts, opening at $0.14, and is now stabilizing around $0.15, with no significant movements so far.
However, Canton, as a solid institutional-level public chain specializing in privacy protection for RWA scenarios, has already been confirmed to be adopted by TradFi giants like Goldman Sachs, JPMorgan, Microsoft, and Morgan Stanley — this endorsement can be understood as Wall Street stepping in themselves.
Compared to similar privacy coins like ZEC and ZK, CC's on-chain data is much better. The trading volume is 10 times that of ZEC and 15 times that of zkSync, yet its market cap is still under $5.2 billion, which is completely undervalued.
The burning deflation mechanism of $CC will destroy or mint tokens based on usage or on-chain contributions. Simply put, every transaction reduces tokens, while each effective action increases tokens. The more the payment network is used, the more aggressive the burn will be.
From the distribution of holdings, CC's early chips are quite dispersed, but after institutional entry, it has started to concentrate, feeling like it's gathering strength. Once it goes live on Binance, it is likely to bring a wave of liquidity, and combined with the RWA privacy narrative, a surge to $0.5 shouldn't be a big problem.
The president suggests starting with a small position (around $0.15), setting a stop loss at $0.12, and keeping risk control within 20%. If the flow really explodes, seeing $1 in the short term is definitely not a dream!
