Why are Cronos (CRO) and Crypto.com in focus?

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Why are Cronos (CRO) and Crypto.com in focus?

Why are Cronos (CRO) and Crypto.com in focus?
Image source: © Shahurin | Megapixl.com

Highlights:

  • The CRO token is the native crypto of the Cronos Chain.
  • The CRO token is available for trading on exchanges like Bittrex, OKEx, etc.
  • It saw the highest price of US$0.427 in the last 30 days.

The Cronos (CRO) crypto gained traction on Friday as the broader market rebounded from its previous slide. The CRO token was up over 16%, while its volume declined 47% in the last 24 hours.

What is Cronos (CRO) crypto?

Cronos Chain, developed by payment and financial services firm, Crypto.com, is a decentralized, open-source blockchain. The CRO token is the native crypto of the Cronos Chain.

Cronos is one of the products of Crypto.com designed to accelerate the global adoption of cryptos. It seeks to boost personal control over money and protect users’ data and identity.

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The token is used for payments, trading, and accessing financial services on Crypto.com. CRO holders can stake their tokens to validate and earn fees from processing transactions on the network. Additionally, the tokens could be used to settle transaction fees on the Cronos blockchain. The CRO blockchain drives Crypto.com's mobile payments app.

The CRO token is available for trading on Bittrex, OKEx, Huobi Global, etc.

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The CRO token is ranked 20 on CoinMarketCap.com.

Crypto.com recently announced that LUNA and MIR token withdrawal services are available on its App. It also said that it would add a new ETH ERC20 token of Project Galaxy (GAL), along with some FANTOM-ERC20 tokens like FRAX, BIFI, AAVE, etc., to the Crypto.com decentralized finance (DeFi) Wallet. Notably, the DeFi Wallet listings are separate from Crypto.com's App and exchange listings.

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Cronos (CRO) crypto price and performanceData Source: CoinMarketCap.com

Bottom line:

The CRO token was priced at US$0.202 at 11:38 am ET on May 13, up 16.89%, while its volume for the trailing 24 hours plummeted 47.34% to US$73.73 million. It has a market cap of US$5.10 billion, and its fully-diluted market cap is US$6.11 billion.

The token's total and max supply are over 30.26 billion, and its current circulating supply is around 25.26 billion. It saw the highest price of US$0.427 and the lowest price of US$0.1696 in the last 30 days.

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