In today’s article, we’ll be talking about Canto coin (CANTO) and understand the whole crypto world from its point of view. So, if you’re curious about questions such as “What is Canto?” and “Where can you buy Canto?”—this article is tailored just for you!
What Is Canto Crypto?
Canto coin is a permissionless Layer 1 blockchain within the Cosmos ecosystem, fully compatible with the Ethereum Virtual Machine (EVM). It aims to enhance the accessibility and transparency of decentralized finance (DeFi) through its Free Public Infrastructure (FPI) features, which include:
- Canto DEX: A zero-fee automated market maker (AMM) designed for liquidity providers.
- Canto Lending Market: A pooled lending platform based on a Compound v2 fork.
- NOTE: An ERC20 token that serves as Canto’s unit of account.
Further, with 5000 transactions per second, the Canto Coin (CANTO) is built on the best tech, giving it an edge over its competitors.
Key Features & Specialities
- CYCLONE STACK: A PARALLEL EXECUTION EVM
Speed and Efficiency: Canto’s Parallel Execution Cyclone EVM offers a high-performance platform with 5,000 transactions per second (TPS), sub-second block times, and 300ms time to finality, all at a swap cost of less than $0.01.
- LEVERAGE INNOVATIVE & NEOFINANCE
Several primitives make up the Canto neofinance ecosystem, which enables competitive, transparent terms for financing.
- CONTRACT SECURED REVENUE
This unique mechanism provides developers with a rebate of 20% of gas fees spent on an application, offering new methods of funding.
- FREE PUBLIC INFRASTRUCTURE
Canto’s native unit of account is backed by real-world assets (RWAs), in partnership with leading issuers like Hashnote and Fortunafi.
Canto Bridge: Enables seamless interoperability.
Current Price Of Canto (CANTO)
At the time of writing, the Canto coin was trading for $0.07104 showing an amazing 66.2% increase. The market cap of Canto is $42,178,782 with a 24-hour trading volume of $1,475,912.
Daily Trading Volume for CANTO (CANTO)
The trading volume for CANTO (CANTO) over the last 24 hours is $1,505,519. This represents a 134.90% increase from the previous day, indicating a recent surge in market activity.
All-Time High for CANTO (CANTO)
CANTO (CANTO) reached its highest price of $0.7645 on February 7, 2023. Currently, the price is 89.89% lower than this all-time high.
All-Time Low for CANTO (CANTO)
The lowest price ever recorded for CANTO (CANTO) was $0.03531 on August 7, 2024. The current price is 118.97% higher than this all-time low.
Where Can You Buy CANTO?
Tokens of CANTO are exchangeable on both decentralized and centralized cryptocurrency markets. With the highest trading volume of $32,620.61 over the past 24 hours, CANTO/USDT is the most traded pair on BingX, the most popular exchange for buying and selling CANTO. Additionally, well-liked choices are OrangeX and PancakeSwap V3 (Ethereum).
That’s all about CANTO!
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In A Nutshell!
Canto Coin (CANTO) is a Layer 1 blockchain in the Cosmos ecosystem, compatible with Ethereum’s EVM, featuring a high-performance platform with 5,000 TPS. Currently priced at $0.07104, it has seen a significant price increase and is traded on exchanges like BingX and PancakeSwap.
Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
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