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How high will CRONOS (CRO) crypto go after recent rally?

3 min read | February 26, 2022 12:10 AM AEDT | By Manu Shankar
How high will CRONOS (CRO) crypto go after recent rally?
Image source: © Shahurin | Megapixl

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Highlights

  • CRO coin is primarily an Ethereum-driven blockchain network, which is designed to expand crypto adoption by accelerating the way its users control money
  • The Crypto.com coin rebranded itself as Cronos (CRO) crypto on 23 February. 
  • Currently, the crypto is ranked 17th as per the market cap. The CRO token was trading at US$0.405173 with a trading volume of US$170,725,572 at the time of drafting as per CoinMarketCap.

Ever since the Crypto.com Coin rebranded itself as Cronos (CRO) crypto on 23 February, it has been grabbing eyeballs. The Crypto.com has been active in the cryptocurrency market after a series of marketing campaigns at Superbowl, NBA games. It got a further boost when it roped in American actor Matt Damon as its face for promoting cryptocurrency.

With the Russia invading Ukraine, the cryptocurrency market has been extremely volatile. In fact, the Russia-Ukraine crisis has resulted in global markets going down. However, the CRO crypto is maintaining a good run in the market. On Friday, it registered gains of over 10% with a volume spike of over 2%.

Also read: Will CRO coin surge any further?

CRO coin is primarily an Ethereum-driven blockchain network, which is designed to expand the crypto adoption by accelerating the way its users control money. Headquartered in Singapore, the Cronos crypto can be used for staking and earning rewards.

What is CRONOS (CRO) Crypto?

Why is CRO coin rallying?

The token has been rallying on the back of the news of its wallet service offerings on the Bittrex platform. With this wallet service, the users can now make the most from the BTC-CRO, ETH-CRO, USD-CRO, USDT-CRO trading pairs on the Bittrex platform. 

Also read: Russia-Ukraine crisis: How crypto mining will get impacted? 

Besides, it had has also announced that it will allow Pendle users to deposit and withdraw tokens using Cronos on the Crypto.com exchange. Founded by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao, the CRO token allows its users to earn cashbacks of up to 20% by paying merchants in its native token. The CRO blockchain offers utility to the Crypto.com users for various payment, trading purposes on its platform.

CRO’s price performance

Of late, CRO has been establishing itself as a strong token. It has been on a rising trend and has registered impressive gains in the recent past. Currently, the token is ranked 17th as per the market cap. The CRO token was trading at US$0.405173 with a trading volume of US$170,725,572 at the time of drafting. The CRO coin was 13.45% with a live market cap of US$10,228,717,198 and 25,263,013,692 CRO coins in circulation. 

With the crypto markets slowly showing signs of recovery, the CRO coin’s performance amid all the crisis is, in fact, heartening to see.

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