Cronos: Few Updates and Dull Price Movements for the CRO Crypto

After the late August boom, another challenging period has begun for CRO, the cryptocurrency of Cronos. 

That boom was triggered by very positive news, which, however, has gradually diminished almost to the point of disappearing recently. 

It seems that the price of CRO is closely tied to news about Cronos. 

The Cronos Ecosystem

Cronos is a Layer-1 blockchain created and managed by Crypto.com, one of the largest crypto exchanges in the world with over 150 million users.

This is a blockchain launched in 2021 with the aim of ensuring high transaction speed and very low costs. 

It is based on Proof-of-Stake (PoS) and is compatible with EVM (Ethereum Virtual Machine).

As of today, it has a TVL DeFi of approximately 400 million dollars, which is significantly less than, for example, even just the billion dollars of Sui and Polygon.

It was created to be the infrastructure for DeFi, NFT, and payments of Crypto.com, but in fact, its use has never really taken off outside the exchange. Within the exchange, however, CRO still plays an important role. 

In the past, it was believed that it could have greater growth potential than what has been realized so far, but with a circulating supply of less than 40 million tokens and a total supply of 98 million, the tokenomics of CRO certainly do not favor its market value. 

The Latest News on CRO, Cronos, and Crypto.com

The news that literally skyrocketed the price of CRO in August was the announcement by Trump Media & Technology Group (Donald Trump’s company that manages Truth Social) of having invested over a billion dollars in CRO as part of its strategic crypto reserve.

Thanks to that announcement, within a few days the price of CRO rose from $0.15 to $0.32, after having already increased in the previous month from $0.08 to $0.15. 

In other words, in just over a month and a half, it recorded an incredible +380%, only to then return to $0.15 in less than a month and a half. 

The problem is that since then, few positive news about Cronos have emerged, and none particularly significant. 

About ten days ago, a partnership with CoincidenceAI was announced for the integration of automated trading with AI, and thus to create automated strategies. 

Around the same time, Trump Media also announced that it had expanded its holdings in CRO, despite the losses. 

Additionally, the “Smarturn” EVM upgrade has been completed with support for gasless transactions and advanced Ethereum compatibility. 

Finally, the integration with Morpho Labs for DeFi vaults and a focus on RWA (Real World Assets) has been announced. Cronos, for its 2025-2026 roadmap, is heavily focusing on the tokenization of real assets, AI agents, and the expansion of DeFi/GameFi.

The Price of CRO

Starting from October 10, the price of Cronos (CRO) crypto has resumed its decline.

In other words, it seems to have resumed following the downward trend that began at the end of August and appeared to have halted at the end of September. 

By mid-October, it had returned to $0.14, while at the beginning of November, it had even dropped to $0.12.

An additional phase of decline began on November 13, and it might have concluded yesterday at around $0.10.

It is noteworthy that the current levels align with those of mid-July, shortly after the beginning of the month and a half of significant rise that brought it to $0.32 just before the end of August. 

The issue is that the current $0.11 is also in line with both the peak at the end of 2023 and the low point of October 2022 before the crash caused by the collapse of FTX. 

In fact, between November and December 2022, the price of CRO plummeted even below $0.06, and it only recovered at the end of 2023 when it indeed returned above $0.10.

The all-time high of nearly $1, reached in November four years ago, still seems very distant.