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Information about Cronos (CRO)
Crypto.com Coin is an open-source, decentralized blockchain project developed by Crypto.com. They are on a mission to accelerate the world’s transition to cryptocurrency, make it easier for users to buy, sell, trade an extensive list of currencies, and enjoy relatively low trading fees. Built on the foundation of modern technology, Crypto.com Coin pays great attention to protecting users’ data and identities, aiming for a world where each individual has complete control over their assets.
In addition, this project also has a unique feature that is developing sustainably, limiting carbon emissions, and becoming more environmentally friendly.
CRO is a native token of the Crypto.com Coin ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
News
Donald Trump’s focus on American digital assets through new ETFs raises concerns due to unclear inclusion of altcoins, which may risk investments and promote a false sense of superiority among American cryptocurrencies.
The theory of ‘America First’ contradicts the global nature of cryptocurrencies aimed at efficient transactions. This mindset may alienate developing nations where digital assets are increasingly adopted.
Instead of focusing on ETFs, regulatory advancements might better support America’s dominance in crypto. Current legislation could help integrate global cryptocurrency practices, reflecting a cooperative rather than isolated approach.
Cronos is showing bullish signs, maintaining a price above $0.0975 and targeting $0.1 as support. Significant buying volume further backs the upward trend.
The 1-day RSI and On-Balance Volume signal a solid momentum for CRO’s price. However, traders should be cautious of a possible dip due to the negative funding rate, indicating crowded short positions.
Crypto.com has drawn criticism for reissuing 70 billion CRO tokens, which contradicts its earlier commitment to burn them. Following a partnership announcement with Trump Media, CRO’s price spiked 35%, leading to accusations of market manipulation despite ongoing scrutiny.
Many in the crypto community are skeptical about the partnership with Truth Social, claiming that Crypto.com should collaborate with more established exchanges. Allegations against CEO Kris Marszalek suggest potential influence in securing the deal, while the mixed market sentiment around CRO raises further questions.
Trump Media, the media company affiliated with U.S. President Donald Trump’s family, has announced a non-binding agreement with Crypto.com to launch exchange-traded funds (ETFs) through its FinTech brand Truth.Fi.
The planned ETFs will include a unique basket of cryptocurrencies featuring Bitcoin, Cronos, and other crypto assets.
Following the news, CRO reacted positively, soaring by 28.66% in just 24 hours. Trading volume also spiked, reaching 5 times the 10-day average.
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