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Reasons for investing in CanYa after price drops 90%

Why I Invested in CanYa

Cryptocurrencies are grabbing the news headlines, and their performance has exceeded many a speculative investor’s wildest dreams. Blockchains remove the shady side of digital currencies by making all transactions fully traceable, but despite addressing the concerns raised by those who are uncomfortable with the possible ethical implications of supporting cryptocurrencies, few of them are particularly stable.

CanYa seems to be bucking the system by offering a genuinely promising investment opportunity that could yield excellent returns. How safe is CanYa? Its recent selection by China’s online retail giant, is evidence of the trust that CanYa engenders, and it’s the cryptocurrency-specific accounting setup that’s one of the biggest contributors to this vote of confidence. The company admits that, following its launch, it found itself in an “accounting and compliance hole,” but its subsequent actions have dug it well and truly out of that hole.

JD president Yongli Yu says that whole-process traceability is important, and that CanYa’s blockchain meets it and its clients’ requirement for transparency. And in case you’ve never heard of, we’re talking about a China-based retail platform with revenue of nearly $50 billion and over 266 million active users.

Why Consumers and Investors are Turning to CanYa

There is no shortage of reasons to get involved with CanYa. The blockchain-powered marketplace allows for cryptocurrency-based business transactions covering freelance services. The platform allows users to choose between currencies like Bitcoin and Ethereum and its own token, the CAN.  And if users still prefer to transact using Australian Dollars, there’s room for that option too.

CAN might sound like just another crypto, but CanYa says that its coin can’t be created out of thin air. The number of coins in circulation will decrease over time as a result, and that will boost the value of the currency still further.

The company purchased a stake in crowdfunding and bounty service Bountysource, an established platform that first began to do business back in the 2000s and CAN coins can be used as an actual currency that nevertheless manages to duck the currency exchange fees that would ordinarily apply to international transactions.

With stability and value assured, consumers and investors around the world are turning to CanYa as a viable and trustworthy alternative to traditional transaction platforms and currencies.

It’s a Real Business

The cryptocurrency boom has given rise to a lot of hype, and there are almost certain to be casualties, but CanYa is a real business with concrete assets at its disposal. Investor trust is evidenced by the $12 million in investment already raised, while the company itself is probably significantly undervalued at a worth of $15 million when its successful projects to date are taken into account.

CanYa is achieving worldwide recognition, and’s recent endorsement of the blockchain is CanYa’s latest triumph. I’m confident that it won’t be the company’s last. With JD’s business development acumen, marketing power, and existing network to boost the business, CanYa seems destined to grow from strength to strength. Will CanYa disrupt the services platforms industry by providing a peer to peer platform that doesn’t charge ridiculously high commissions to freelance service providers and their clients? It’s already doing so, and with cryptocurrencies becoming a mainstream means of payment, CanYa’s own digital currency is sure to thrive.

You may be asking how low can it go?

Valid point, while you may be concerned about how much further the price of CanYa can go, you have to go back to market fundamentals before making the decision of buy or sell. Sure, the crypto market is falling at the time of writing this blog (BTC: $8,900 ETH: 691 XRP: 0.80). You need to remember the blockchain markets are just like any other financial market, plus some. In February 2018, the Dow Jones [DJIA] dropped close to 10% in only a week of trading and every investor started hitting the panic button; however what followed was nearly a full recovery which is still in progress.

The point being when you are investing in an asset, you have to look at two things, the market conditions and the fundamental value of the asset. For CAN, it can be argued at this level they are nearly cash backed, which leaves very little room for potential price failure.

Taking the current market cap of $15m (USD), the cash they hold from the cap raise, the $2m CAN buy-back, the joint venture potential with, the investment, and the upcoming launch of the CanYa platform, there’s lots to look forward to!

Another important factor when looking at price action on any financial market is the volume. In the instance of CAN, the volume is averaging 0.6% of the market cap which is relatively low compared to its peers. Price drops on low volume generally don’t sound the panic buttons for investors.

That’s all for now, we will keep you updated with our views for CAN as things develop further over the next few months with some exciting developments coming.