The Trump Group’s strategic layout has triggered the CRO market. What other targets on the Cronos Chain are worth paying

This significant surge stems from the positive news of Trump Media & Technology Group’s CRO strategy announcement. Yorkville Acquisition Corp., Trump Media & Technology Group, and Crypto.com announced on August 26th that they had signed a definitive agreement to merge their businesses to form Trump Media Group CRO Strategy, Inc., a digital asset treasury focused on acquiring Cronos’ native cryptocurrency (CRO). The treasury is expected to consist of $1 billion in CRO, $200 million in cash, $220 million in cash-exercisable warrants, and a $5 billion equity line of credit provided by Yorkville’s affiliate, YA II PN, Ltd. This structure will make it the first and largest publicly traded CRO treasury.

According to cronoscan data, the on-chain activity of $CRO’s chain Cronos has also increased. In the past 24 hours, the on-chain transaction volume of Cronos reached 386,767, a surge of 29.53%; the total transaction fee reached 24,325 CRO, a surge of 31.26%; and the average transaction fee reached 0.0164 CRO, a surge of 31.73%.

According to data from Coingecko, the CEX with the largest $CRO trading volume in the past 24 hours is Upbit, accounting for 32.72%.

In addition, the activities on the Cronos chain are mainly dominated by Chinese players, reflecting an interesting situation – due to the favorable news related to the US President, Koreans buy coins and Chinese people rush to the chain.

While $CRO is a new spin on an established blockchain due to unexpected positive news, we can still keep an eye on market trends. BlockBeats has compiled information about the Cronos ($CRO) chain.

How to trade on the Cronos chain?

$CRO can be traded on CEXs such as OKX, Coinbase, and Gate. After purchasing, you can withdraw $CRO to the Cronos Network.

OKX Wallet is a convenient way to trade Cronos Chain tokens. Simply copy the token contract address into the OKX Wallet exchange function to instantly identify the corresponding currency.

Use dexscreener to view the K-line chart of the currency on the Cronos chain.

Cronos on-chain tokens

PUUSH

The most discussed coin among Chinese gamers today is $CDOG, which had a market capitalization of nearly $1.5 million at its peak. However, its rapid rise and fall have led to a current market capitalization of only around $200,000.

The fact that this ticker is able to appear is quite consistent with the preferences of Chinese players, because before, whether on the OKX chain or in earlier inscriptions, the most direct way to attract Chinese players was with “cats and dogs”.

One of the reasons why players chose puush.fun, the launchpad that produced $CDOG, might be that Cronos’ official Twitter account had interacted with the launchpad on August 13th:

This platform also has its own token, $PUUSH, which has been issued for over a year and had a peak market capitalization of less than $5 million. Before the surge in $CRO, $PUUSH’s market capitalization was just over $400,000. Currently, it’s around $2.3 million.

Although this launch pad has received widespread attention in China, it actually has no close relationship with the official Cyrpto.com. This is because the projects introduced below are all listed on the Crypto.com exchange, which is a more suitable criterion for judging whether the target has a close relationship with Crypto.com.

LION

Loaded Lions is an NFT series officially launched by Crypto.com in 2021, with a current floor price of $1,500.

This NFT series includes the token $LION, which has risen by about 50% in the past 3 days and is currently close to its all-time high.

While the NFT series was released quite early, the tokens were only released in March of this year, so they are not considered old. Crypto.com also officially launched its second NFT land series at the end of April, directly promoting it with the $LION airdrop.

The token is listed on the Crypto.com exchange.

VVS Finance

VVS Finance is the largest DEX on the Cronos chain. Its token, $VVS, has been around since 2021 and has long been stagnant. However, in the past three days, it has seen a 100% increase, aligning with the $CRO market. Currently, $VVS has a market capitalization of approximately $330 million.

The token is listed on the Crypto.com exchange.

Capybara

A Telegram Tap to Earn game, but with its $BARA token issued on the Cronos Chain. The project has partnerships with Crypto.com, Cronos Chain, and Loaded Lions’ Mane City game.

$BARA was issued in November last year and has gained about 80% in the past three days. Its current market value is approximately US$167 million.

The token is listed on the Crypto.com exchange.

CorgiAI

CorgiAI went online in June 2023. It is the first AI project on the Cronos chain and was incubated in the Cronos accelerator program.

Simply put, this is a text-to-image generator that specializes in producing dog-themed comic images and supports seamless NFT minting on the Cronos chain.

The token $CORGIAI has gained about 60% in the past three days and its current market value is approximately US$67 million.

The token is listed on the Crypto.com exchange.

Conclusion

In fact, judging by the Cronos Chain token rankings on dexscreener, Cronos Chain assets have seen significant gains, boosted by the positive news from Trump Media & Technology Group’s announcement of its CRO strategy. Rather than expecting Cronos Chain to experience a meme-like surge like OKX’s X Layer, it’s more accurate to say that the performance of Crypto.com’s own assets has already surged since the initial positive news.

Therefore, a more rational approach may be to keep an eye on the chain while also paying attention to the risk of short-term prices being pushed up.

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