Cronos Crypto Surges 30% Following Trump Media Partnership News!

By / / Crypto News, Daily News
Cronos Crypto Surges 30% Following Trump Media Partnership News!
Table Of Contents
  1. Cronos Crypto Rallies After Trump Media & Crypto.com Collaboration
  2. Why Is Cronos Pumping Today?
  3. Cronos Price Analysis & Prediction
  4. Final Thoughts

Cronos Crypto Rallies After Trump Media & Crypto.com Collaboration

The native token of Crypto.com, Cronos (CRO), has skyrocketed7 over 30% in the past 24 hours, pushing its price to $0.10. This bullish momentum comes after the announcement of a strategic partnership between Trump Media and Technology Group and Crypto.com to develop crypto-focused ETFs.

Following this news, Cronos’ trading volume exploded from $21 million to an astonishing $288.3 million, signaling9 strong investor interest. While the partnership is still in its early stages, the plan is to launch ETFs featuring Cronos, Bitcoin, and other top cryptocurrencies, further boosting market confidence.

Despite the excitement, regulatory hurdles may pose challenges due to Trump’s political ties and his “Made in America” agenda. However, the market has reacted positively, with both CRO’s price and volume hitting record highs.

Why Is Cronos Pumping Today?

Cronos’ impressive 30% price rally in the last 24 hours is fueled8 by two key factors:

  1. Trump Media’s Crypto ETF Announcement
    • Trump Media and Crypto.com’s ETF partnership aims to integrate Bitcoin, Cronos, and other U.S.-based cryptocurrencies, driving massive interest.
    • Investors are anticipating higher demand for CRO, leading to a surge in buying pressure.
  2. Upcoming zkEVM v26 Mainnet Upgrade(Set for Wednesday)
    • This update introduces Google, Apple ID, and email logins, eliminating the need for seed phrases and enhancing security.
    • The ZK Gateway feature will improve blockchain communication and speed up transactions, making the Cronos chain more efficient.

These combined catalysts have led to a sixfold surge in trading volume, highlighting strong market enthusiasm. As both developments unfold, Cronos could see even more price action in the coming days.

Cronos Price Analysis & Prediction

📊 Current Price: $0.1098 (+32.54%)
📈 Market Cap: $2.92 billion (+32.54%)
💰 24H Trading Volume: $288.3 million (+1341%)

Cronos (CRO) has broken key resistance at $0.10, signalingz strong bullish momentum. If CRO holds above this level, the next target is $0.133, which aligns with its January 31 high.

🔹 Technical Indicators:

  • RSI (Relative Strength Index): 71 (Overbought)
  • Support Level: $0.10
  • Next Resistance: $0.133

If RSI remains high, a further price increase is possible. However, if selling pressure kicks in, a short-term correction may occur before the next leg up.

Final Thoughts

The Trump Media announcement has injectedz fresh optimism into the crypto market, positioning Cronos as a key player in the ETF narrative. With the zkEVM upgrade just around the corner, CRO’s bullish trend could continue. Investors should closely monitor RSI levels and price action, as the next major move may be on the horizon.

Also Read: