Cronos’ price surge by 35%— Here’s what’s driving It
The post Cronos’ price surge by 35%— Here’s what’s driving It appeared on BitcoinEthereumNews.com.
Crypto.com’s new roadmap spurred a rally in Cronos. The futures market points to a dominant bullish sentiment. In a notable development, Cronos [CRO] surged by double-digits following the unveiling of Crypto.com’s ambitious roadmap. The announcement propelled it upwards by over 35% according to CoinMarketCap. At the time of writing, CRO exchanged at $0.085, down by 1.20% in the past day. Its 24-hour trading volume also dropped by 46.70%, settling at $40.48 million. Unpacking the roadmap AMBCrypto delved deeper into Crypto.com’s roadmap and found that the platform is set to introduce new services such as stock trading, banking, and enhanced card offerings. Starting in Q4 2024, Crypto.com will launch the Level Up program and Cronos AI development tools to boost user engagement and enhance platform features. A web-based app will be introduced for easier user interaction. Additionally, debit card services will expand to Latin America, the Middle East, and Africa, extending through Q2 2025. Throughout 2025, Crypto.com will enhance accessibility and investment options. In Q1, it plans to extend exchange services to the U.S. and global markets, improve fiat on/off ramps, and introduce Bitcoin [BTC] rewards, stock, ETF trading, and personal multi-currency accounts. Q2 will feature a rewards maximizer, yield-generating cash options, institutional custody solutions, stock options trading, and upgraded credit card services. In Q3, Cortex AI, a proprietary stablecoin, Cronos One, FX commodities trading, derivatives, and rapid global transfers will be deployed. By Q4, offerings will include margined derivatives, a Cronos ETF proposal, the Singularity API, international accounts, and a 10% travel rebate program. CRO’s market dynamics in the crypto sphere Meanwhile, on the daily chart, CRO’s fortunes shifted dramatically as the token surged from $0.070 to a peak of $0.095. Thus, reversing the long-standing downtrend. The rise was preceded by a continuous decline triggered by a rejection at $0.088…
Filed under: News - @ November 8, 2024 5:12 am