Canton: Undervalued?

[Abiky]

I've heard Canton is getting the attention of "Wall Street", now that the chain is built for Tokenized Assets (or Real World Assets). It's centralized, but much more capable than Ripple's XRP. At $0.15 USD per coin, I'd say it's pretty undervalued. Imagine if "Wall Street" picks this coin up. It will head all the way to the moon.

Let's say for once, that demand for Canton ramps up. What would be a realistic price for this coin? Will it hit the double digits someday? Your input would be greatly appreciated. Thank you very much.

[TastyChillySauce00]

Surprisingly this blockchain is being picked to handle rwa and institutional clearance amounting to billions and only two was officially announced by DTCC, stellar and canton, not XRP which is funny because XRP keep calling themselves institutional blockchain.
But I won't say it's undervalued, the coin was priced lower back then at around 0.06 and currently priced 0.15. Just a little information, canton foundation itself also got a stock CNTN traded on NASDAQ.

[o48o]

At $0.15 USD per coin, I'd say it's pretty undervalued.
-cut-

This is second time today, when i see you focusing on value of one full coin, and insinuating afterwards that number has something to do it being over- or undervalued.

Normally i would say that value of one full coin is insignificant metric in terms of valuation, but since this is coming from a legendary account, i would assume that you are informed already.

But since you are asking about double digits, that would imply that i need to say it anyway. Because it would need 2x Ethereum's market cap to get in double digits.

[asriloni]

Canton is basically another XRP in the making. It can potentially go up as big as XRP. It has real world utility, and so many real world entities are using it for RWA transactions. It has hundreds of billion as its daily transaction volume. So it makes sense to categorize this one as undervalued coin.

In some aspect, i can say Canton is just even better than XRP. No VC premined, and it's fully backed by the consensus, and distribution is based on what contribution delivered by any of its validators.

[TastyChillySauce00]

This is second time today, when i see you focusing on value of one full coin, and insinuating afterwards that number has something to do it being over- or undervalued.

Normally i would say that value of one full coin is insignificant metric in terms of valuation, but since this is coming from a legendary account, i would assume that you are informed already.

But since you are asking about double digits, that would imply that i need to say it anyway. Because it would need 2x Ethereum's market cap to get in double digits.

Canton coin is quite low liquid float and most coins are locked up, to pump the market cap it needs significantly less money compared to other coin with high circulating supply.

Double digit is really hard but going several time higher is possible on the long term with the nature of blockchain.

[Somegory]

With 38 billion criculating supply and 6Billiion marketcap? I think it's overvalued, even looking at the chart merely is scary I don't know why people can't see that it's hanging on a thread for its life, it should be under $0.06 right now to make it a interesting one to buy and keep.

[Odogwu-Blockchain]

If Canton is known for hosting and managing Real World Assets, then it has built a unique quality that sets it different in the crypto space, the same way DeFi, dex to a blockchain and infrastructural coins has their distinct features. Once you are different from others, the possibility of the native token to reach new ATH is always sure.

Isn't it Canton doing the same thing with ONDO wallet?

[bangjoe]

Caton is a very interesting project because of its services and the way it is launched that is different from the others, unfortunately this project does not have a limit on the supply of coins so over time it will obviously increase, even though they have a coin burning system, but what is confused for me personally is the ratio of the pursuit of fees earned for burning coins and the number of new coins printed? so whether the probability is more in the circulation of supply or reduction due to burning that can be massive.

This could be a big project if used by institutions to create a market by utilizing this Caton technology, it's just that the prospect of this coin price returns to demand and supply, even though it will be used by wallstreet but the interest in this token is bad, it's useless in my opinion, but if it is for short-term speculation when it will be used by large institutions, the price of the coin will definitely go up, especially if there are many people who are fomo.p