Cronos Hits Multi-Year High After Trump Media Group Joins with Crypto.com
TLDR
- Cronos (CRO) surged 40% after the announcement of Trump Media’s $6.4B treasury deal with Crypto.com.
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The $1.5B worth of CRO under Trump Media’s umbrella has contributed to the recent price spike.
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Despite gains, Cronos remains 300% below its all-time high of $0.97, recorded in November 2021.
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The price surge has sparked mixed reactions, with some skeptical about political influence on the token’s price.
Cronos (CRO), the native cryptocurrency of Crypto.com’s Cronos Chain, experienced a remarkable 40% price increase following the announcement of a $6.4 billion crypto treasury by Trump Media and Technology Group. This news lifted CRO to a multi-year high of $0.23, a level not seen since May 2022. The surge…
