In the midst of a bearish crypto outlook, Cronos (CRO) has been feeling the pinch, dropping more than 35% since early December. Trading at approximately $0.128 on Monday, January 27, during the early New York session, this mid-cap altcoin has been forming a rising channel since late 2023.
However, fear not, dear reader! For the daily time frame of CRO price has been forming a falling wedge pattern, which is often followed by a renewed bullish sentiment. Furthermore, the weekly Relative Strength Index (RSI) has retested the 50% level, thus presenting long-term buyers a decent chance to purchase more CRO coins.
But what’s the real secret behind CRO’s potential resurgence? Look no further than the undeniable success of the Crypto.com exchange. With over 100 million globally registered users and key licenses from major jurisdictions, it’s no wonder that CRO has risen to become a major DeFi ecosystem, boasting a total value locked (TVL) of more than $479 million and a stablecoins market cap of over $18 million.
Crypto.com Fundamentals Secures CRO’s Future
The Crypto.com executives have been actively involved in the Donald Trump crypto team tasked with changing the context of digital assets regulations. The company has now received full approval to operate in Europe via the Markets in Crypto-assets (MiCA) regulations and has expanded its services to global markets, including the United States for all retail users.
But wait, there’s more! The cryptocurrency exchange has also announced a strategic partnership with Mastercard to launch its debut card in Bahrain, offering different tiers for users to lock up CRO tokens and enjoy rewards in everyday spending.
So, as we eagerly await CRO’s major bullish rebound, let’s raise a glass to the robust fundamentals of Crypto.com and its secret sauce for success! 🥂
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2025-01-27 17:37