Why Cronos Price Going Up Today and What It Means for Investors

Cronos Price Surges as Trump Media Crypto․com Join Forces on Treasury

CRO token is again trending in the crypto market. Cronos price surged more than 50% in the last 24 hours.  

Trump Media Group partners with Crypto.com for a project named as the Trump Media Group CRO Strategy.

The goal of this company is to create one of the largest digital treasuries focused on this token. 

Source: X (previously Twitter)

The plan is worth around $6.42 billion, making it one of the biggest crypto treasury moves so far. 

In this deal: 

• Trump Media will buy $105 million worth of CRO tokens. 

• Also, Crypto.com will get $50 million in DJT stock. Yorkville Acquisition Corp., a SPAC firm, will also be part of this plan. 

• Together, they will become the largest holders of CRO once the deal is completed.

The news has already moved the market. The CRO price jumped more than 64% in just 24 hours and gained over 146% during the week.

Price reaction and market mood

The Cronos price surge has caught the attention of many traders. The token broke through important technical levels, which gave more confidence to buyers. 

Trading activity also increased, with daily volumes more than doubling compared to the previous day.

Even so, experts warn that there may be short-term risks. The token is overbought, which could lead to a small correction. 

But the long-term outlook remains strong because of the new treasury and growing support for the network.

ETF speculation has also added fuel to the rally. The SEC recently delayed its decision on a Trump-linked “Crypto Blue Chip ETF,” which includes a share of CRO too. 

While the decision is pending, the possibility of its inclusion has boosted optimism and kept cronos price news in the spotlight. 

Cronos Network Growth 

This blockchain has been growing quickly. A new upgrade, Cronos POS v6, has improved both speed and security. This makes the network more reliable for payments, decentralized apps, and digital finance.

Price Prediction

Because of these changes, many analysts believe the cronos price prediction is positive for the months ahead. 

If the token can stay above $0.33, it could push higher toward $0.388. 

For many investors, the recent treasury announcement is a sign of long-term growth.

Source: CoinMarketCap

The coin is now trading at $0.3451 with an increase of 54%, while the trading volume has increased by 130% to reach $2.31 Billion in the last 24 hours. 

The establishment of this $6.4B treasury also indicates how conventional companies such as Trump Media are currently collaborating with crypto platforms to construct massive investment plans. 

This combination of conventional finance and blockchain has attracted world attention.

Conclusion

The Trump Media and Crypto.com collaboration has put cronos price on the spotlight. With a $6.4 billion war chest, new blockchain improvements, and ETF speculation, the token is picking up solid momentum.

Although short-term fluctuations are possible, it is establishing a strong foundation for long-term growth.

Disclaimer: This article is for information purposes only. Do not consider it as financial advice. Readers are recommended to carry out their own research prior to investment.