🌎 CANTO Crypto Sees 200% Surge After Trump’s Inauguration

CANTO Crypto Sees 200% Surge After Trump’s Inauguration

Market Performance and Trading Volume

CANTO crypto experienced a significant surge in value, rising by 200% shortly after President Donald Trump’s inauguration. Although the token’s value has retracted to around 125% at the time of writing, it occasionally rises near 135%. CANTO is currently trading at $0.0336. The token’s trading volume has also seen a massive influx of traders, with a 24-hour trading volume of $11.5 million, representing a 1,876% increase compared to the previous trading day.

Recent Price Trends

In the past week, CANTO has seen a rise in value by more than 90%. Over the past month, the cryptocurrency has increased by nearly 50%. However, in the past year, CANTO has experienced a drop of 87%. Despite this, the recent surge in value has positioned CANTO as one of the top gainers in the market.

Market Capitalization and Supply

CANTO crypto has a market capitalization of $23 million, with a fully diluted valuation of $33.5 million. The token’s circulating supply is over 608 million CANTO tokens, with a total supply of 1 billion tokens.

What is CANTO Crypto?

CANTO is a utility token linked to a permissionless layer 1 blockchain of the same name. Known for its compatibility with the Ethereum Virtual Machine, Canto’s token was launched to be “completely decentralized,” without a core foundation, presale, or ventures.

Canto leverages Tendermint Consensus and Cosmos Software Development Kit and is secured by its own validators. Canto also uses the Ethermint system to gain EVM compatibility, enabling an EVM execution environment and facilitating the deployment of Ethereum smart contracts.

Key Features and Use Cases

CANTO is not a governance token and claims to enable users to engage with its offering for “free.” The Canto DEX itself claims to be ungoverned and cannot implement additional fees or launch new tokens. The CANTO crypto is used to facilitate liquidity mining and staking on the Canto blockchain.

Tips for investing in CANTO crypto: