CC (Canton) increased by 11.28% in the last 24 hours

Gate News Bot reports that as of November 12, according to CoinMarketCap data, CC (Canton) is currently priced at $0.13, up 11.28% in the past 24 hours, with a high of $0.16 and a low of $0.10. The current market capitalization is approximately $4.394 billion, an increase of $445 million from yesterday.

Important recent news about CC:

1️⃣ Gate Instant Exchange Platform Adds CC Swap Functionality
On November 10, Gate’s instant exchange platform added the ability to swap CC tokens, supporting fee-free exchanges between CC and over 2,200 other cryptocurrencies. Additionally, Gate launched a one-week flash swap Airdrop event, where users who complete daily flash swap transactions can share 200,000 CC as rewards. This move significantly enhances CC’s liquidity and accessibility, helping to attract more users to participate in trading.

2️⃣ Gate Launchpool Launches CC Staking and Mining Event
On November 10 at 18:00, Gate started the 339th Launchpool event, a two-week campaign offering CC staking and mining. The total airdrop amount is 2,721,029.49 CC, and users can participate by staking BTC, GUSD, and CC. This event provides additional earning opportunities for CC holders and helps improve CC’s market liquidity.

3️⃣ Canton Network Clarifies Supply Model, Emphasizing Dynamic Balance Mechanism
Canton Network recently clarified misconceptions about the maximum supply of CC tokens, explaining its dynamic supply model. CC has no fixed supply cap; instead, it uses a transaction burn mechanism to balance new issuance, ultimately achieving a mint-and-burn equilibrium. The official estimate suggests that if balanced by 2026, the total supply by 2034 could be less than 50 billion tokens. This supply model helps control long-term inflation and maintain CC’s value stability.

From a technical perspective, CC’s price has shown strong upward momentum over the past 24 hours, breaking through recent trading ranges. This may be related to positive policies on the Gate platform, such as the launch of instant swaps and staking mining activities, which bring new liquidity and investment demand for CC. Additionally, the clarification of the supply model by Canton Network may also boost investor confidence in CC’s long-term value.

This message is not investment advice; please be aware of market volatility risks.