Cronos Crypto News: Token Soars 30% After Trump Media Partnership

Cronos Crypto News: Token Soar After Trump Media and Crypto.com Tie-up

The native token of Crypto.com, Cronos skyrocketed over 30% in the past 24 hours, reaching $0.10. This price boom came after the announcement of Trump Media and Technology Group's partnership with Crypto.com to develop ETFs.

After the news trading its volume spiked from $21 million to $288.3 million. The partnership is only announced yet and still in the early stages, aims to launch ETFs featuring Cronos, Bitcoin, and other top cryptocurrencies boom the market.

The announcement created excitement. However, the ETF may face challenges. Rules and regulations could be a problem because of Trump's ties and his focus on "Made in America." Still, the market responded well. CRO’s volume and price hit record highs.

                                                       Source: X

Why Cronos is going up today?

CRO is experiencing a significant price jump, rising over 30% in the past 24 hours. The boom came after the Trump Media and Technology Group announced plans to launch cryptocurrency focused ETFs in 2025. The partnership with Crypto.com will make the platform, the official token supplier for these ETFs, featuring Bitcoin, Cronos, and other US based crypto. Investors are reacting positively and excited about the news, leading to a massive spike in trading volume.

The upcoming zkEVM v26 mainnet upgrade, set for Wednesday, is a key reason behind CRO's rally. The update lets users sign in with Google, Apple ID, or email, removing the need for seed phrases or private keys. This makes access easier and safer.

The update also includes the ZK Gateway, which improves blockchain communication and speeds up transactions. These changes will make it more efficient and useful.

With both the Trump Media ETF announcement and the zkEVM upgrade fueling excitement. The token’s trading volume has surged nearly sixfold, indicating strong investor interest. As these developments unfold, Cronos could see further price movement in the coming days.

                                           Source: CoinMarketCap

CRO is currently floating at $0.1098 and has had surged 32.54% in the last 24 hours, with the market cap og $2.92 billion increased by 32.54% in 24 hours. Its trade volume had reached up to $288.3 million with an amazing rise of 1341% in just 24 hours.

Cronos Price Prediction

Cronos (CRO) is climbing steadily. It jumped 32% after breaking a key resistance at $0.10. CRO stays strong and is now trading around $0.11.

If CRO stays above its weekly resistance of $0.10, it could rise to $0.133, similar to the January 31 high. The daily chart shows strong buying pressure, with the Relative Strength Index (RSI) at 71. But a pullback is possible since it is above the overbought level of 70.

If the RSI stays high, traders should watch it closely. CRO could keep rising if it stays above 70. But if selling pressure increases, a price correction may happen before the next move up. Announcements by Trump has boosted confidence in the crypto market, making it more bullish.