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Canton Network ETF launch boosts CC token, sparking bullish momentum and potential price gains.

Market News
12 May 2026
AMBCrypto
Bullish
pluang ai news

Canton Network's token (CC) has gained 4.57% in 24 hours and 7.2% over the past week following 21Shares' announcement of the Canton Network ETF (TCAN) on Nasdaq, the first ETF providing direct exposure to CC. This launch has attracted institutional interest due to the network's focus on privacy-preserving infrastructure for capital markets. Technical indicators show CC breaking out of a sideways range with increased volume and momentum, suggesting potential price targets of $0.170 and $0.177 if bullish momentum sustains. However, a drop below $0.158 could signal a reversal. Continued demand is crucial for maintaining the upward trend.

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