Cronos

Get Cronos (CRO) all time high price, historical charts, latest news and other information.

Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%.
XRP
XRP was higher for a second consecutive session on Friday, as the token moved to a fresh four-month high.
Following a low of $0.3398 to start the week, XRP/USD rose to an intraday peak of $0.5523 earlier today.
As a result of today’s surge, which saw the price climb by over 10%, XRP climbed to its highest point since May 9.

Looking at the chart, the move comes as the token raced past its long-term ceiling of $0.5000, sending the 14-day relative strength index (RSI) to a recent high.
As of writing, the index is currently tracking at 72.57, which is its strongest point since August 2021.
Since earlier highs, XRP has moved lower, as previous bulls appear to have liquidated their positions, securing gains in the process.
Should bears see this as an opportunity to reenter the market, we could see XRP begin to reverse course.

Cronos (CRO)
Cronos (CRO) was another notable gainer in today’s session, as the token rose past a key resistance level.
CRO/USD surged to a high of $0.1226 on Friday, which saw prices move beyond their recent ceiling of $0.1145.
Today’s peak is the strongest point that cronos has hit in the past ten days, pushing CRO close to a ceiling of $0.1260.

In addition to the breakout of the recent resistance level of $0.1145, there has also been a breakout of a ceiling of 50.50 on the RSI indicator.
As you can see from the chart, the 10-day (red) moving average also looks to be closing in with its 25-day (blue) counterpart, which could lead to an upwards crossover.
Overall, the token is currently trading nearly 14% higher from the same period last week.
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Will we see momentum in cryptocurrency markets rise this coming weekend? Let us know your thoughts in the comments.



























Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%. XRP XRP was ...

news.bitcoin.com

Biggest Movers: XRP Hits Fresh 4-Month High, Token Climbs 50% This Week

Singapore-based digital assets exchange Crypto.com is adding support for the native asset of a new non-fungible token (NFT) platform.
The exchange’s customers can now trade the native token of Minted (MTD) a Cronos Labs startup that allows users to list and purchase more than 10 million NFTs on the Cronos (CRO) and Ethereum (ETH) blockchains.

Cronos powers the Crypto.com payment, trading and financial services platform, and Minted launched its commercial platform in August in partnership with the exchange. The NFT collections launched on Crypto.com/NFT and minted on Cronos will be available for secondary trading on Minted, according to the NFT platform.
Says Matt Wan, director of brand and business partnerships at Minted,
“We will soon be announcing several upcoming and exciting collections that have chosen Minted as partner platform. With our launch and continued support from Cronos Labs thereafter, we are resolved to deliver the next generation of innovation to the NFT ecosystem. Our vision for Minted is to become a ‘Digital Bazaar of Wonders’ for new and experienced collectors alike.”
MTD is trading at $0.232263 at time of writing. The 699th-ranked crypto asset by market cap is up more than 1% in the past 24 hours. MTD is used to reward users via revenue from fees and may be used for governance in the future, according to Crypto.com.
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Featured Image: Shutterstock/jiang jie feng/Andy Chipus
The post Digital Assets Exchange Crypto.com Rolls Out Support for New NFT Platform’s Native Token appeared first on The Daily Hodl.


Singapore-based digital assets exchange Crypto.com is adding support for the native asset of a new non-fungible token (NFT) platform. The exchange&#8217;s customers can now trade the native token of Minted (MTD) a Cronos Labs startup that allows users to list and purchase more than 10 million NFT...

dailyhodl.com

Digital Assets Exchange Crypto.com Rolls Out Support for New NFT Platform’s Native Token

In a recent interview with CryptoPotato during EthCC 5 in Paris, Ken Timsit, managing director of Cronos chain and Cronos Labs, outlined the network’s advantages over other competitors, spoke about the current bear cycle and what Cronos is doing in preparation for the next bull run, the future of the Internet and crypto, and much more.
Cronos Chain Vs. Cronos Labs Vs. Crypto.com
Cronos chain is a relatively new blockchain network supported by the popular crypto exchange – CryptoCom – which interoperates with both the Ethereum and Cosmos ecosystems. It’s powered by Ethermint, allowing for the porting of dapps and smart contracts from Ethereum and EVM-compatible chains.
It doesn’t have a founder “because it is an open source project created by the Cosmos community that was subsequently grabbed by a team and put into production,” Timsit said.
Being supported by CryptoCom means that all exchange users can operate on the Cronos blockchain, as well as all CRO holders (the company’s native cryptocurrency). As such, Timsit estimated that the total number of addressable users is around 50 million at the time of this interview.
So far, though, only about one million “have migrated and created an account on Cronos chain,” and the number of third-party applications created on the blockchain is approximately 300.
Cronos Labs, on the other hand, serves as the foundation for promoting the Cronos ecosystem. It manages a $100 million Accelerator Program, released in June, that looks to invest in early crypto startups which are likely to create the most innovative projects on Cronos.
However, Timsit emphasized that his team doesn’t believe in “walled gardens” and encourages applicants on Cronos to also become multi-chain.
The exec also informed that not all projects wanting to take advantage of the program need to have their own native token because “oftentimes if you’re just using NFTs as in-game assets, just having NFTs is sufficient to create a business model.”
When it comes down to DeFi protocols, though, Timsit believes they should have a native coin as they generally have many stakeholders.
“You are using the token to make sure that each actor has the right incentives to behave in the way that you want them to behave. So, that’s why oftentimes, tokens are useful for that particular reason. But, on our side, what we’re really interested in are applications that find a way to charge transaction fees to their users or monetize the protocol.”
Ken Timsit, Cronos. Source: Cronos
Crypto.com Recent Layoff Effects
Asked whether Crypto.com’s staff reductions had any impact on the two projects he spearheads, Timsit reassured that they are separate organizations, saying, “Cronos and Cronos Labs are independent of CryptoCom in terms of businesses and entities.”
Nevertheless, the exec admitted that they were also affected by the declining market prices and user interest. The strategies have changed since spending too much on marketing doesn’t make sense now as it did until several months ago.
He added that the daily transactions right now are somewhere between 100,000 and 200,000 on the Cronos network, and they had peaked just before the most recent market crash at almost 500,000.
The Total Value Locked (TVL) peaked at a high of $5 billion, but it’s now down to $1.5 billion. Still, this makes it the fifth-largest EVM chain, Timsit claimed.
‘Do a Lot More Than Just Trade Crypto’
With so many giant VCs backing emerging projects from the often-praised Web3 gaming and metaverse vertical, Timsit touched upon the topic as well. He described it as a virtual realm that allows for “self-custody of assets and direct integration with smart contracts.”
“Our vision is that this is the future of crypto. So, for everyone who is currently trading crypto, buying, and selling crypto, we believe that the next step for them is to use DeFi and Web3 gaming so that they can do more than just trade crypto. They can borrow and lend assets that have meaning and utility in these virtual worlds; they can invest these assets in various yield-generating protocols.”
However, he asserted that Web3 could reach its full potential only in environments “where you have applications compatible and composable with each other, which is the strength of the EVM ecosystem..”
The post Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview) appeared first on CryptoPotato.

The head of Cronos and Cronos Labs believes Web3 is the future of the Internet and crypto, but only with interoperable chains. 

cryptopotato.com

Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview)

Cronos (CRO), the 24th-ranked cryptocurrency by market cap and the native token of the Crypto.com exchange, is among the top performers on the weekly chart and has made a significant gain of 10.02% over the past day. However, the announcement of the upcoming Cronos Chain mainnet upgrade is one of the main drivers of CRO’s strong performance.
The first blockchain network to enable DeFi, NFTs, and the metaverse on top of both the Ethereum and Cosmos ecosystems is Cronos. By giving developers the option to rapidly move applications and digital assets from other chains with minimal cost, high throughput, and quick finality, it seeks to expand the Web3 user base dramatically.

The price of Cronos is currently $0.146602, with a stunning increase of 716.64% in trading volume over the last day, reaching $163,572,518. According to Coinmarketcap’s data, its market worth is currently $3,836,821,843 and has increased 10.56% over the past 24 hours. Moreover, CRO has risen by 10.26% over the past 24 hours and 26.5% over the last seven days.
Since its ATH price of $0.965407 approximately eight months ago, the coin has fallen by 84.7%. CRO reached its highest point in November 2021 but then began declining. In January 2022, CRO dropped to $0.34, but it rapidly rose to $0.541955 on February 9. After that, the price fluctuated between $0.35 and $0.50 in March and April.
CRO is currently trading at $0.1510 on the daily chart | Source: CROUSDT From Tradingview
Unfortunately, the price kept falling steadily from May, hitting a low of $0.16267 for the month before decreasing to $0.10049 on June 18. The price fluctuated throughout July between $0.10 and $0.12, but it finally concluded the month with a slight gain in value at $0.135367.
Cronos Chain Mainnet Upgrade
In a blog post on August 1, Crypto.com revealed that the Cronos Chain’s next Mainnet Upgrade would occur at the height of block 3,982,500, set on August 3, 2022, 02:00 UTC. This upgrade includes a number of changes, the main goal of which is to increase network scalability and make system improvements.
The blog post also states:
To ensure the safety of users’ funds during and after the upgrade, we will temporarily suspend deposits and withdrawals of CRO and all CRC20 tokens in both the Crypto.com App and Exchange during the network upgrade.
Additionally, it ensures that trade in CRO and CRC20 coins won’t be impacted. When the network appears to be stable, they will restart deposits and withdrawals after closely monitoring the situation.

On their blog post on Medium, the Cronos team also made this announcement yesterday:
We are proposing a network upgrade for the Cronos mainnet beta to take place on August 3, 2022. On that date, node operators will need to upgrade their cronosd binary to the latest version at a specific block height.
According to their statement, all node operators will upgrade their node binary after the upgrade block height so that their node can keep up with the chain. The bulk of the validators will be updated before the chain is paused and brought back online.
           Featured image from Flickr, chart from Tradingview.com
 


Cronos (CRO), the 24th-ranked cryptocurrency by market cap and the native token of the Crypto.com exchange, is among the top performers on the weekly chart and has made a significant gain of 10.02% over the past day. However, the announcement of the upcoming Cronos Chain mainnet upgrade is one of...

Cronos price	$0.114333
Low - High 24H	$0.113846 - $0.118929
Market cap	$2.89B
Volume 24H	$29.78M
All time high	$0.965407 -88.14% November 24th 2021
All time low	$0.01212 845.03% February 8th 2019
Genesis date	N/A

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