Home Crypto news Cronos price extends gains as on-chain transactions spike 37%
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Cronos price extends gains as on-chain transactions spike 37%

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The Cronos (CRO) cryptocurrency, is the native token of the Crypto. Com-backed Cronos Chain has experienced a significant price surge, with 24-hour gains of 20% extending the momentum seen on July 7, 2025. 

Cronos price reached highs of $0.099 on Wednesday morning, with the token also gaining as on-chain transactions rose 37%.

Notably, trading volume was up more than 2,200% as buying pressure rose amid anticipation surrounding a high-profile exchange-traded fund (ETF) filing. 

As of writing on July 9, 2025, the CRO token continues to draw attention from investors amid a broader positive sentiment in the cryptocurrency market.

Cronos price surges 20% – Why is CRO up today?

The price of Cronos (CRO) hovers around $0.095, up double-digits over the past 24 hours, which also has a weekly uptick at 18%.

According to CoinMarketCap data, this performance positions CRO among the top performers in the 100 largest cryptocurrencies by market capitalization.

Cronos is outpacing SPX6900, FLOKI, and Raydium, with its 20% gain putting its current market cap at $2.94 billion.

The surge is largely attributed to heightened investor enthusiasm following Trump Media & Technology Group’s proposal for the Truth Social Crypto Blue Chip ETF.

Bitcoin, Ethereum, Solana, and XRP are the major assets in the ETF. However, it also seeks to include an allocation of 5% to CRO, a move that investors have reacted to positively.

Additionally, on July 8, 2025, the Cronos Chain processed 137,000 transactions, up from 100,000 transactions on July 7.

That’s a significant 37% increase, a 30-day high that signals network activity and adoption.

Cronos’ bullish potential could benefit from DeFi and web3 growth.

CRO price prediction

The technical outlook for CRO is optimistic, with the daily chart showing the Relative Strength Index (RSI) at 68.

While it’s near the overbought territory, it’s not extended to suggest bulls have room to explore more gains.

Cronos’ daily chart also shows the Moving Average Convergence Divergence (MACD) with a bullish crossover, which suggests potential for further upside. 

If CRO sees another leg up, it could break above $0.10 and target $0.16 and $0.21. Long-term forecasts include a surge to the all-time high of $0.96 and the psychological $1 level.

On the flipside, Crono’s price may give up gains and pull back to support around $0.087 and then $0.079.

On the possible pullback, analysts at Santiment say:

“Bitcoin traders are leaning very bullish once again with crypto’s top coin’s market value sitting just above $108.5K. Be cautious while crowd FOMO is pouring in, as it can often lead to short-term corrections.”

The post Cronos price extends gains as on-chain transactions spike 37% appeared first on Invezz

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