$CRO
Looks to be breaking out of a diamond bottom.
Pattern target is noted above and then if it reclaims that it would likely have lots of open air above
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Leviathan News
21Shares launches CRO ETF after revives 70 Billion burned tokens, sparking debate as CRO’s Price-to-Sales ratio hits 1,873 with Just $2.05M in Blockchain fees last year.
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Cronos
#CROfam! @StargateFinance has landed on Cronos
Cronos is now fully connected to the Omnichain
Builders get access to unified liquidity, users get seamless, one-click transfers of unlimited size coming into Cronos ecosystem
Interoperability just got cosmic 💪
Stargate
Stargate has integrated @cronos_chain, a top 20 chain by DeFi TVL.
Home to 500+ DeFi, NFT, and Web3 gaming apps, Cronos is now fully connected to the Omnichain via Stargate’s Hydra.
Now connected to a unified liquidity network of $600m, users on Cronos get low-cost, unlimited-size transfer-ins from 50+ chains. Builders can now leverage Stargate’s network to power Omnichain solutions for their dApps.
Welcome to Stargate, #CROfam.
________
Please note: If you transfer USDC or WETH into CronosEVM you will need to swap that for the native alternatives via @VVS_finance. This is a temporary requirement until an automatic conversion has been built into the pathways.
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Blue 🐈⬛ reposted
Stargate
Stargate has integrated @cronos_chain, a top 20 chain by DeFi TVL.
Home to 500+ DeFi, NFT, and Web3 gaming apps, Cronos is now fully connected to the Omnichain via Stargate’s Hydra.
Now connected to a unified liquidity network of $600m, users on Cronos get low-cost, unlimited-size transfer-ins from 50+ chains. Builders can now leverage Stargate’s network to power Omnichain solutions for their dApps.
Welcome to Stargate, #CROfam.
________
Please note: If you transfer USDC or WETH into CronosEVM you will need to swap that for the native alternatives via @VVS_finance. This is a temporary requirement until an automatic conversion has been built into the pathways.
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Nebraskangooner
$CRO
Looks to be breaking out of a diamond bottom.
Pattern target is noted above and then if it reclaims that it would likely have lots of open air above
The current price of Cronos is $0.10107. Over the last 24 hours, Cronos has decreased by -0.88%. It currently has a circulating supply of 28,642,077,822 CRO and a maximum supply of 100,000,000,000 CRO, giving it a fully diluted market cap of $2.89B. At present, the Cronos coin holds the 22 position in market cap rankings. The Cronos/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Cronos is a blockchain launched in November 2021 by the cryptocurrency exchange Crypto.com. It is an Ethereum-compatible blockchain built with the Cosmos Software Development Kit (SDK), an open-source framework for creating Proof of Stake (PoS) and Proof of Authority (PoA) blockchains.
This enables Cronos to be compatible with the Ethereum and Cosmos blockchains, making it simple for Ethereum and Cosmos developers and users to migrate their projects or assets to Cronos and vice versa. Additionally, Cronos uses the Inter-Blockchain Communication Protocol (IBC), which allows it to communicate with other blockchains that use the same protocol.
Cronos was built to be scalable and interoperable without sacrificing usability. It also intends to communicate with other blockchains and enable users to transfer assets between Cronos and other blockchains in real-time. In other words, a Cronos-compatible blockchain user, such as Ethereum, can transfer tokens and other assets, such as non-fungible tokens (NFTs), from Ethereum to Cronos. They can also use their Cronos tokens on Ethereum.
Cronos' native ERC-20 token, CRO, is required for network transactions. It is also the network's governance token and can be used to vote on essential proposals that will shape Cronos' future. Furthermore, holding specific amounts of CRO tokens can qualify traders for different fee tiers when trading on Crypto.com.
CRO price and tokenomics
Cronos has a maximum circulating supply of 30 billion CRO tokens. All the Cronos tokens that will ever be in circulation were created along with the launch of the Cronos blockchain. This means no new Cronos tokens are being created, and no more can be mined. At the time of writing, there are currently 25 billion CRO tokens in circulation. This represents approximately 83% of the total supply.
While the total supply of CRO tokens was initially intended to be 100 billion tokens, the Cronos team conducted one of the largest token burns in blockchain history ahead of the launch of the Cronos mainnet. In an attempt to further decentralize the Cronos blockchain, 59.6 billion CRO tokens were burnt on February 22, 2021. In addition, another 10.4 billion CRO tokens were locked into a monthly vesting contract. As these tokens are released, they will be automatically burnt.
These sustained token burns aimed to address centralization and supply issues. The CRO token burn brought the circulating supply from a mere 24% to over 80%, considerably diluting the token supply and allocation. This helps to decentralize the CRO token and reduce the supply. This newfound token scarcity caused a surge in CRO price and renewed the token's demand.
About the founders
The Cronos network is a product of Crypto.com, a centralized exchange operating under Monaco Technologies GmbH, initially founded in 2016 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. The team brings many industry experiences, with a global background from Europe and China. Before founding Crypto.com, Marszalek had founded an e-commerce firm and a design and manufacturing company focusing on consumer electronics.
Or came from an engineering and computer science background, with over nine years of experience as a full-stack software engineer. Meanwhile, Melo and Bao bring experience from traditional financial and investment industries. Together, the well-rounded team launched Crypto.com, which led to the further development of the Cronos Blockchain.
Although still relatively young, the Cronos blockchain has seen massive adoption since its launch. According to Cronos Managing Director Ken Timsit, in less than three months after launch, Cronos processed 12 million transactions and had almost $2 billion locked in various services and protocols across the blockchain.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.6K new posts about Cronos, driven by 1.4K contributors, and total online engagement reached 2.3M social interactions. The sentiment score for Cronos currently stands at 87%. Compared to all cryptocurrencies, post volume for Cronos currently ranks at 1689. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Cronos.
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Posts
2,608
Contributors
1,389
Interactions
2,273,833
Sentiment
87%
Volume rank
#1689
X
Posts
1,956
Interactions
414,923
Sentiment
82%
Cronos FAQ
What is Cronos?
The Cronos blockchain is popular among developers for building highly scalable applications, services, and products that communicate with other blockchains. Cronos is well-suited for developing DeFi applications and blockchain games.
How can I use CRO?
CRO is Cronos blockchain's native utility and governance token. It is used to pay gas fees when completing Cronos network transactions. Additionally, CRO can vote on Cronos blockchain governance proposals and unlock different trading fee tiers on the Crypto.com centralized exchange.
What is the CRO price prediction?
While it’s challenging to predict the exact future price of CRO, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is 1 Cronos worth today?
Currently, one Cronos is worth $0.10107. For answers and insight into Cronos's price action, you're in the right place. Explore the latest Cronos charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Cronos, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Cronos have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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