Oh, the vagaries of the cryptocurrency market! One day, a token is languishing in obscurity, and the next, it’s soaring to dizzying heights on the whims of a certain erstwhile President. Such is the case with Cronos (CRO), the native token of the Crypto.com blockchain, which has seen a rather impressive 18% jump to $0.095. 🚀
- CRO rose to $0.095, leaving the broader crypto market in its dust, rather like a Bugatti speeding past a gaggle of geriatric golf carts.
- Trump Media’s proposed ETF would include CRO with a 5% weight, because who doesn’t love a good underdog story?
- Despite this price jump, CRO remains a shadow of its former self, a bit like a faded debutante trying to recapture her glory days.
It seems that the mere mention of Trump Media & Technology Group’s proposed ETF has sent CRO into a tizzy, rather like a teenager at a Justin Bieber concert. The proposed ETF, which is awaiting approval from the U.S. Securities and Exchange Commission, would track a basket of five cryptocurrencies: bitcoin, ether (ETH), solana (SOL), XRP (XRP), and, of course, cronos (CRO). If approved, CRO would make up 5% of the fund’s weighting, a bit like the token equivalent of a participation trophy.
While the bump is significant, CRO remains a far cry from its former highs, a bit like a has-been trying to cling to the coattails of its former fame. The token peaked at $0.69 in November 2021, during the last bull market, and saw a short-lived revival in December 2024, rising to $0.21 amid a market rally that followed Donald Trump’s election to a second term. That rally, however, faded faster than a Kardashian’s marriage.
The ETF development has brought new attention to CRO, a token that powers Crypto.com’s ecosystem, including its exchange and payments app. Still, the token has a long climb to reach its former highs, a bit like Sisyphus pushing his boulder up the mountain. Traders appear to be reacting to the possibility of increased institutional exposure, but the SEC has yet to approve the fund, so we’ll just have to wait and see if CRO’s star will continue to rise or if it will fade into obscurity like a flash in the pan. 🔥
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2025-07-09 20:40