Canto PriceCANTO

There are two schools of thought when it comes to determining the price of a cryptocurrency like Canto.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Canto, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Canto.
By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Canto on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Canto.
Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Canto and the broader cryptocurrency market.

Canto achieved the all-time high of $0.8602 in 2023-02-17, and is currently trading at $0.02475.

CANTO reached its all-time low of $0.00983 on 2024-09-02.

The current market cap of Canto is $15.05M, as 608.46M CANTO is trading at the price of $0.02475.

There are currently 608.46M CANTO circulating in the market. These Canto can be actively traded or used in the open market.

The maximum supply of CANTO is ∞ , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Canto is $24.75M. The FDV is calculated taking the assumption that all supply of Canto is circulation, multiplied by its current price of $0.02475.

Using an algorithm to automatically identify historical data trends, this Canto price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Canto offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Canto and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Canto.

You can buy Canto via Gate.io by following the steps on how to buy CANTO once you have funded your account.