Kronos: Since Crypto.com agrees with CZ advice, what is the position of the CRO?

  • CRO saw no price hike despite positive reaction to Reserve Proof Report
  • Despite this, the number of 24-hour coin addresses and seven-day circulation increased

Crypto.com joined other exchanges in following CZ’s proposal that these companies be open with their assets while following the Proof of Reserves model. The CEO of Binance called for an open scrutiny after the exchange FTX was involved in shady dealings with user funds.

According to Nansen, Crypto.com hold It had a cumulative $2.94 billion and no debts. As the details from the crypto Insight platform showed, Bitcoin [BTC] Other assets topped the list, accounting for 31.80% of the total.

Source: Nansen


Read Predict AMBCrypto prices for Cronos 2023-2024


The exchange’s CEO, Chris Marsalek, noted that the publicly offered assets were only partial. in tweetMarszalek has announced that a full review will be released and shared with Nansen. But despite the disclosure, the exchange code for Crypto.com, Kronos [CRO]She couldn’t take advantage of the positive reaction she received.

CRO, what is the adventure in the series?

Looking at its price, CRO has lost 13.39% in the last 24 hours. according to CoinMarketCapThe volume of the Cronos chain’s original token also declined over the same period, with a loss of 35.40%. This indicates that the cumulative number of tokens that participated in transactions over the previous day was modest. Interestingly, the chain had more than the price or volume that was revealed.

according to feelingsCrypto.com’s openness seems to have given it some confidence. This was due to an increase in active titles over 24 hours despite being in a much lower position on November 8th. At the time of publication, active titles have increased to 1,381. This case indicated that the unique deposits in the Cronos chain had improved and that interaction with the audience was at an impressive level.

CRO circulation also increased for seven days, rising to 777,000. This indicates that a large number of CRO tokens were used in transactions. Therefore, CRO may soon start attracting more investors into the crypto ecosystem.

Crono active addresses and trading

Source: feeling

Participation is still decreasing

Although higher in some parts, it has not led to increased interest in CRO in the derivatives market. according to CoinglassThe open futures price has taken a single and double dip on most exchanges in the last 24 hours. This means that traders remain wary of market volatility regardless of the movement of the stock market. However, new data from the Derivatives Information Portal showed increased interest.

Kronos futures price for each derivatives market

Source: Coinglass

In addition, CRO’s participation among its peers for each moving average faltered from its attempt to rise on November 3. At the time of writing this report, glass knot The data showed that the NVT signal was 193.76. At this point, it meant that the transaction size had exceeded the network’s value. In such cases, the token indicated an upward movement. Thus, CRO’s return to the green was indeed an opportunity.

CRO is bullish for every NVT signal

Source: Glassnode

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