CRO Price Soars Over 50%: Bulls Eyeing $0.40

CRO's price has skyrocketed more than 50% in a single day, driven by a surge in investor interest. Key factors behind this rally include a significant treasury initiative, whale investments, and the launch of a new strategic roadmap by Cronos.

Key Takeaways

CRO price surged over 50% in the last 24 hours.
The token hit a high of $0.37 before settling at $0.33.
A $6.4 billion deal involving Trump Media and Crypto.com has fueled interest.
Recent roadmap unveilings and whale activity have contributed to the price increase.
Open interest in futures has reached record highs, suggesting bullish market sentiment.

CRO Price Soars Over 50%: Bulls Eyeing $0.40

Main Content

CRO's price has risen for the third consecutive day, climbing by more than 50% in the last 24 hours as it draws increased attention from investors. This uptick is attributed to the recent CRO-focused treasury initiative, accumulation by large holders (whales), and other positive market factors.

As reported by crypto.news, Cronos has experienced a remarkable rally, gaining 76% to reach an intraday peak of $0.37, before stabilizing at $0.33 at the time of writing. Over the last three days, the token's price has soared nearly 106% and currently sits about 350% above its lowest point for the year.

CRO's market position has improved as it briefly ranked as the 16th largest cryptocurrency by market capitalization earlier in the day, before settling down to the 21st position, with an impressive valuation of $11.2 billion.

Today's gains were further bolstered by a notable increase in daily trading volume, which more than doubled from yesterday to hit $2.29 billion. A significant portion of this volume originated from the Upbit exchange, followed by Crypto.com and Coinbase.

The recent price surge of Cronos is notably backed by several critical developments, including a substantial $6.4 billion agreement involving Trump Media, Crypto.com, and Yorkville Acquisition Corp. This partnership aims to establish a crypto treasury firm focused on acquiring CRO tokens. The collaboration is set to involve over $1 billion in direct CRO purchases, with plans to integrate CRO into Trump Media’s platforms as a method of payment and rewards.

Another vital aspect driving CRO's price movement is the recent release of the Cronos team's roadmap for 2025-2026. This plan includes strategies to enhance its on-chain ecosystem and bolster user acquisition.

Moreover, there has been increased interest from whale investors in recent days. Data from Santiment shows that the number of addresses holding between 10,000 to 10 million CRO tokens has surged in the last three days. Such whale accumulation often incites "fear of missing out" (FOMO) among retail investors, prompting them to invest in anticipation of further price increases.

Analyses of derivatives indicate that the rally is also fueled by futures trading, with open interest reaching a record high of $181 million. The weighted funding rate has turned positive again, and the long-to-short ratio has remained above 1, both of which signify a prevailing bullish sentiment in the market.

On-chain metrics also indicate strong growth for Cronos. According to DeFiLlama, the total value locked in Cronos's DeFi ecosystem surged by 27% in the past day to $1.24 billion, and the total market cap of stablecoins on the network increased by 9% over the last week, reaching $183 million.

Additionally, revenue from its DeFi applications has jumped from $63,800 last week to $225,000 this week, with over $100,000 generated in the last 24 hours alone.

Together, these statistics highlight a rapid increase in user activity and capital inflow within the Cronos ecosystem, supporting CRO's recent gains and suggesting the possibility of continued upward momentum in the coming days.

On the daily chart, CRO has displayed three consecutive large-bodied bullish candlesticks, indicating strong upward momentum. Currently, technical indicators favor a continuation of this bullish trend. The Supertrend indicator has shifted to a bullish stance, showcasing a green signal line below the current price—a typical buy signal.

Furthermore, the MACD line has moved above the signal line, accompanied by expanding green histogram bars, reinforcing the optimistic outlook. Given this situation, CRO bulls are likely to aim for the psychological resistance level at $0.40. A decisive breakout above this level may pave the way for further price increases.

Disclosure: This article is not intended as investment advice. The content provided here is for educational purposes only.