Cronos (CRO) Price: Trump Media Partnership Fuels 30% Token Rally

TLDR

• Cronos (CRO) price surged 30-55% following a partnership announcement between Trump Media and Crypto.com to develop ETFs
• The proposed ETFs will offer exposure to Bitcoin, Cronos, and “diverse industries such as energy” under the “Truth.Fi” brand
• Trading volume for CRO increased nearly six times from $21 million to $126 million
• The rally coincides with an upcoming Cronos zkEVM mainnet upgrade scheduled for March 26
• Daily transactions more than doubled from roughly 40,000 to over 82,000 according to CronoScan

Cronos (CRO), the native token of Crypto.com, has seen its price jump over 30% in the past 24 hours, reaching $0.10 according to CoinGecko data. This surge follows an announcement that Trump Media and Technology Group (TMTG) has signed a non-binding agreement to partner with Crypto.com in developing exchange-traded funds (ETFs).

The partnership aims to create “inventive funds” that will focus on “rapid growth, technological innovation, and strengthening the U.S. economy,” according to TMTG CEO Devin Nunes. These ETFs will provide exposure to Bitcoin, Cronos, and other industries including energy.

Trading Analysis

Trading data shows that CRO’s trading volume exploded from $21 million to $126 million on Monday evening. Traders rushed to capitalize on the presidential connection, driving up both price and activity.

The daily transactions chart from CronoScan reveals that network activity has more than doubled. Transactions increased from roughly 40,000 to over 82,000 as interest in the token surged.

Cronos Price on CoinGecko

Products from this partnership will launch under the “Truth.Fi” brand. The ETFs will target markets across the U.S., Europe, and Asia, pending regulatory approval in each region.

This strategy aligns with President Trump’s economic agenda. Trump recently vowed to make America the “undisputed Bitcoin superpower and crypto capital of the world” during video remarks at the Digital Asset Summit conference in New York.

The arrangement places President Trump’s media company in business with Singapore-based Crypto.com. This comes just five months after the crypto firm faced SEC scrutiny over allegations of operating an unregistered securities exchange.

The SEC filed notice in October last year that it intended to sue Crypto.com. The company rejected these allegations and filed a counter lawsuit.

By December, Crypto.com had dropped its lawsuit around the same time its CEO met with then-President-elect Trump. SEC filings show that in December, Trump transferred roughly $4 billion worth of his stake in TMTG through a trust controlled by his son, Donald Trump Jr.

The CRO price rally also comes ahead of a scheduled Cronos zkEVM mainnet upgrade. This upgrade is set for March 26 and will involve a 1-2 hour downtime for the network.

The upgrade will introduce smart account single sign-on (SSO). This feature will make it easier for users to log in with Google, Apple ID, and Mobile authentication.

It will also lay the foundation for a zero-knowledge gateway. This technology will set the stage for fast zk-chains interoperability, which could enhance the network’s performance.

There are signs that the Cronos DeFi ecosystem has started to stabilize. The total value locked (TVL) has increased to $424 million from this month’s low of $330 million.

The biggest players in the Cronos ecosystem are VVS Finance, Tectonic, Orby Network, and Veno Finance. However, Cronos zkEVM has not yet gained much traction among developers and users, with its TVL dropping to $13 million.

Technical analysis shows CRO has formed some strong support levels. It has bottomed at $0.0715, a level it has struggled to drop below several times since August last year.

This pattern suggests it has formed a quadruple-bottom with a neckline at $0.2332, which was its highest point on December 4. The price has also moved above the 50-day moving average, while the Relative Strength Index (RSI) has trended upward.

Some analysts predict the CRO price will continue rising toward a resistance point at $0.133. This target represents about a 30% increase from current levels.

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