Cronos price extends gains as on-chain transactions spike 37%
Main Idea
Cronos (CRO) price surged over 20% in 24 hours, reaching $0.095, driven by a 37% increase in on-chain transactions and ETF anticipation.
Key Points
1. Cronos (CRO) price rose over 20% in 24 hours, hitting $0.095, with trading volume up more than 2,200%.
2. On-chain transactions on Cronos Chain increased by 37%, from 100,000 to 137,000 transactions between July 7 and July 8, 2025.
3. ETF anticipation, including a potential 5% allocation to CRO in a proposed ETF, contributed to the price surge.
4. Technical indicators like the RSI (68) and MACD bullish crossover suggest potential for further upside, with targets at $0.16 and $0.21.
5. Cronos' market cap reached $2.94 billion, outperforming other major cryptocurrencies like SPX6900, FLOKI, and Raydium.
Description
The Cronos (CRO) cryptocurrency, is the native token of the Crypto. Com-backed Cronos Chain has experienced a significant price surge, with 24-hour gains of 20% extending the momentum seen on July 7, 2025. Cronos price reached highs of $0.099 on Wednesday morning, with the token also gaining as on-chain transactions rose 37%. Notably, trading volume was up more than 2,200% as buying pressure rose amid anticipation surrounding a high-profile exchange-traded fund (ETF) filing. As of writing on Jul...
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