Why is Canton CC’s price up 12% today? Dead-Cat Bounce?

Canton (CC) price was the best-performing crypto asset in the last 24 hours. CC price gained as much as 15% from the previous day to reach its day peak of around $0.087 during the early Asian trading session on Monday, November 24, 2025, as per data provided by .

The Canton network has gained significant bullish traction today, as more institutional investors focus on its privacy-centric monolithic security to onboard trillions of U.S. dollars. The Canton network has strategic backing from top-tier traditional financial institutions, and web3 firms.

Moreover, the Canton chain has more than 600 validators, whereby 33 are super nodes run by institutional investors. Some of the notable institutions backing the Canton network include Goldman Sachs Group, BNP Paribas, Circle Ventures, Liberty City Ventures, and Citadel Securities.

Notably, CC price gained bullish sentiment today also due to its notable listings on major crypto exchanges. During the past 24 hours, the CC spot market recorded a traded volume of nearly $220 million on Bybit, and $119 million on MEXC exchange.

The mid-cap altcoin has also experienced bullish activity in the past 24 hours, as privacy-centric tokens rally amid the wider crypto market rebound. Criminalization of individual privacy by major jurisdictions positively contributed to the demand for privacy-focused crypto assets.

CC’s bullish outlook today was also fueled by its rising Open Interest. According to market data analysis from CoinGlass, CC Futures Open Interest (OI) has slithered higher in the past few days to hover around $19 million at press time.

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Canton price rebounded during a crucial period of the 2025 crypto bull market. The altcoin has seen its volume surge 334% during the last 24 hours to hover about $360 million at press time.

Source: CoinMarketCap

However, crypto traders have shown extreme fear of further capitulation, thus prudent to trend carefully with the CC’s bullish outlook. Furthermore, CoinMarketCap’s Fear and Greed Index has dropped to sub 15/100 on Monday, with the highest level of extreme fear this year recorded last week.