The community has also held the hackathon session which aimed at covering the entirety of Cronos.
Three days ago, the mainnet beta of the Cronos chain was successfully deployed. The developmental progress with Cronos Chain could also be a factor behind the recent surge in the market valuation of CRO. Then, he also talked about ’s first global brand campaign, the partnership with Matt Damon, and some other crypto-related topics. On the same day, co-founder and CEO of, Kris Marszalek, was also featured on CNBC where he weighed in on the future of the leading cryptocurrency Bitcoin as an investment and currency. Image of a AD, “Fortune favors the brave” SOURCE: Twitter status This marketing campaign aims to reach customers in 20 countries. In the television ad for, he appears to be touting cryptocurrency’s ability to empower people around the globe with the tools needed to take control of their futures. Recently, it launched a $100 million global ad campaign featuring the actor Matt Damon. It’s worth mentioning that is out to expand its reach within and outside the cryptocurrency industry, which is bullish for the native cryptocurrency as well. What might be the cause of this significant price movement? To answer this question, one must check back on the marketing/social activities of on or before the day the market rally began.
From a price of $0.1838, CRO surged upward 25% on the daily time frame, beating the previous resistance to a price of $0.2305 before retracing back to the resistance area, which has now turned to support at $0.2040 levels.ĬRO has spiked by more than 100% since it took off from the $0.2040 price less than 2 weeks ago. The recent bullish momentum for CRO began on October 28. CROUSDT price chart showing an uptrend move from the 28th October 2021. During the time, the daily trading volumes were soaring to over $661 million, leading up to the ATH, and a market capitalization of around $9 billion. Over the past weeks, the price of the token surged significantly. Price analysis of CROĪt the time of writing, CRO was trading at the price of $0.378777 just after hitting an all-time-high (ATH) of $0.408171 and has retraced about 7.5% to the 0.5 Fibonacci ratios on the 1-hour time frame. Looking at the charts, it’s apparent that CRO has been on the run. Presently, CRO is the 23rd-largest digital currency with a market capitalization of over $8.5 billion. This switch unlocked more real use cases for CRO, as it has also become the utility token for Cronos, meaning all currency settlements on the chain will be settled with it. It previously was an Ethereum-based cryptocurrency but was recently migrated to Cronos chain, which is the native blockchain network of. The CRO token constitutes an integral part of ’s services. So far, supports more than 100 cryptocurrencies. The exchange aims to facilitate a seamless payment experience with digital currencies, which is very important to ensure mainstream adoption. CRO is the native cryptocurrency of the Hong Kong-headquartered exchange which was founded in 2016.