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

[BitDiscussion]

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?

The name sounds funny as in our country it means a stir fried noodle lmao . But it is not undervalued there, rather it is famous even back in 80's and 90's . Projects about RWA were not new anyway, although I think yeah that they are still undervalued. They are good or most are a success but you know that, they are not that booming as the others out there.

I think that being unique does not automatically mean as a success because people may also be intimidated on you. Being common is not a problem but not just we follow those that are bad projects. Others that you said there (defi, etc..) is another category of crypto, so this is why they can differ but projects under them, is where can now have in common.

[Abiky]

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.

It's still undervalued, because it's worth less than $1. Of course, the chain is centralized. But even XRP has a much higher valuation than Canton. Yet, the chain doesn't have any RWAs or "De-Fi" apps built on top of it. Networks such as Canton and Ondo have potential to radically transform centralized finance. "Wall Street" is betting big on crypto/Blockchain tech.

Between Canton and Ondo, I think Canton will emerge as the clear winner. Only time will tell. The market is extremely-bearish right now, so it might be a good time to buy. Do your own research and decide for yourself. Just my two sats.

[TastyChillySauce00]

It's still undervalued, because it's worth less than $1. Of course, the chain is centralized. But even XRP has a much higher valuation than Canton. Yet, the chain doesn't have any RWAs or "De-Fi" apps built on top of it. Networks such as Canton and Ondo have potential to radically transform centralized finance. "Wall Street" is betting big on crypto/Blockchain tech.

Between Canton and Ondo, I think Canton will emerge as the clear winner. Only time will tell. The market is extremely-bearish right now, so it might be a good time to buy. Do your own research and decide for yourself. Just my two sats.

One biggest advantage canton have is the privacy feature honestly. Transaction can only be known between parties, I've used USDCx inside canton blockcahin and nobody could see my transaction however it's not real privacy since validator can still see it I guess (?) but basically it's privacy tailored for an institutional settlement.

Canton is already showing sign of winning with DTCC choosing it over any other chain. Canton is institutional first chain unlike other, so it will no doubt attract institutional to deploy in the ecosystem.

[JamesDaniel90]

Canton is being shilled everywhere on Youtube.

I do not see value in it at $6B market cap - many other better opportunites right now below $1B that will see much better returns next few years from these bear market lows.

[shinratensei_]

Canton Network isn't really great. There were fights between them and ETH maxi on X about how centralized Canton Network is. Big company get free pass to become super validator while the average joe needs approval for their application or sponsored by super validator. You also need to be approved by validators through consensus to deploy your dapps so i heard, hence i think it represents dystopian version of crypto to me.

[tokeweed]

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.

LOL bro...  Same with your Cardano post, Canton is another dead chain.  Wall Street interested in Canton?  Are you kidding me?  I mean you were around when Omise Go and that other Asian blockchain the claim to have some partnership with McDonald's.  Lolol. 

Remember that?  Yeah...  This is what this 'Wall Street's attention' feels like. 

If I were you guys I'd stick with what's working and with the project that's getting a lot of traction right now.  I won't say which one it is tho...

Hyperliquid

[FinneysTrueVision]

Canton Network isn't really great. There were fights between them and ETH maxi on X about how centralized Canton Network is. Big company get free pass to become super validator while the average joe needs approval for their application or sponsored by super validator. You also need to be approved by validators through consensus to deploy your dapps so i heard, hence i think it represents dystopian version of crypto to me.

I don’t see a permissioned blockchain token being a great long term investment. It is obviously not meant for retail users, so why would anyone want to hold something which they can’t really utilize? The market cap of Canton is very high, but it has really low trading volume, which means there isn’t that much demand.

Circle issued a private version of USDC on Canton, USDCx, and so far it only has 3.7 million total circulating supply. It is still very far from gaining significant traction. Canton is still interesting as a testing ground for privacy features that could someday be used on chains that have far greater adoption.