Crypto.com Chain’s CRO Goes Berserk to Gain 468% in a Week

Crypto.com Chain might be one of the only nascent crypto projects that have maintained its upside hype for a straight week.

The project’s CRO token on Friday noted yet another massive movement to the upside. The CRO-to-dollar rate rose as much as 65 percent, bring the pair’s weekly return to a whopping 468 percent. In the said timeframe, the CRO price jumped from a meager $0.019 to a weekly high towards $0.108. At the same time, the CRO market cap surged from $65.736 million to as high as $428.14 million.

a line graph showing the price of crypt chips
CRYPTO.COM CHAIN CRO PRICE | SOURCE: COINMARKETCAP.COM

Crypto exchange Bittrex continued to host a majority of CRO-enabled trades. Based on a 24-hour adjusted timeframe, the exchange hosted $4.69 million out of the total $5.35 million CRO trading volume. That’s almost 88 percent of the overall daily volume. Interestingly, a majority of traders left Bitcoin for CRO, evident by the slow sideways performance of the king cryptocurrency in the recent weeks.

Strong Fundamentals

In our previous coverage, we discussed the key fundamental factors that were maintaining the bullish bias in CRO markets. First, it was the CRO listing announcements on Bittrex and Indodax. The Crypto.com Chain team also announced that it had partnered with an Indonesia-based dropship e-commerce company Yoshugi Media Group.

From the way it looks, those fundamentals stayed for dinner. Crypto.com Chain today announced that another crypto exchange, Upbit, would list CRO pairs.

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Last modified: March 18, 2023 12:39 AM
New Delhi-based Yashu Gola has been working as a financial/crypto market journalist since 2013. He is an information technology graduate, a cryptography junkie, a filmmaking enthusiast, and an avid reader of Jon Erickson, Agatha Christie, JK Rowling, and Isaac Asimov.
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