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Cronos Price Forecast: Trump Media Deal Could Send CRO to $0.30 Soon

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Highlights:

  • CRO is up over 30% in 24 hours
  • Price pump follows news of a SPAC deal involving Trump Media
  • Excitement around the deal has pushed CRO through multi-month resistance 

Cronos (CRO) is among the best-performing cryptocurrencies in the last 24 hours. In this period, Cronos has gained by 34.68% to trade at $0.215. Cronos trading volumes have also gone up exponentially during the day. They are up by 1331.6% to stand at $826 million. 

This is a strong indicator that FOMO is building up around Cronos at the moment, a factor that could see the price head much higher from where it is at the moment. The rising FOMO around Cronos has a lot to do with a strengthening of fundamentals after the latest news around Cronos. 

Crypto.com Enters SPAC Deal with Trump Media

On Tuesday, August 26, reports emerged that there was a SPAC deal for Cronos, involving the Trump organization. It was reported that Crypto.com and Trump Media had entered into a deal that would see the creation of a cryptocurrency treasury for Cronos. This will be done through a publicly traded CRO Treasury. This is a big deal as it would be the largest publicly traded treasury, the CRO token. The figures involved for the deals are impressive too, and explain why there is a lot of excitement around CRO at the moment. 

The deal’s funding structure will include a billion dollars’ worth of CRO tokens, $200 million in cash, $220 million worth of warrants, and a credit line worth $5 billion. Additionally, the Trump Media organization will be committing $105 million worth of Cronos tokens to the deal, with Crypto.com investing a total of $50 million in Trump Media shares. The deal positions Cronos as one of the favorite cryptocurrencies for President Trump, who has been pro-crypto from the day he took office. Investors betting on favorable US regulations find a cryptocurrency tied to the president highly attractive.

Trump Media Deal Paves the Way for CRO Integration Into Social Media Sites

Besides the association with the US president, the deal also paves the way for Cronos’ growth in adoption. That’s because as part of the SPAC deal, the Crypto.com wallet and the Cronos token will be integrated into Trump Media outlets, particularly Truth Social and Truth+. Through this integration, users of these Trump-related social platforms will earn CRO tokens from various activities on the platforms. Such could trigger a significant surge in Cronos adoption by a broader audience, further adding to the token’s intrinsic value.

Crypto.com Institutional Adoption Roadmap Excites Market

Besides the news around the SPAC deal with Trump Media, Cronos has revealed a roadmap that could accelerate institutional adoption for the token. As part of the Cronos roadmap for 2025-2026, Cronos will focus on initiatives that touch on tokenization, integrating artificial intelligence, and token and service distribution across the globe.

 This strategy makes Cronos attractive to institutions looking to integrate cryptocurrency payments into their systems. It also makes the CRO token attractive to institutional capital looking to invest in cryptocurrencies but wants to diversify away from Bitcoin and Ethereum. It explains why investor sentiment in Cronos is increasingly positive, as seen in the intraday trading volumes. 

Technical Analysis – Cronos In A Breakout as It Rallies Through Resistance

Cronos is in a strong bull rally and has today rallied through multi-month resistance at $0.20. The breach through resistance has been accompanied by strong volumes, an indicator that bulls are firmly in control.

CRO
Source: TradingView 

In the event that bulls sustain momentum, and Cronos ends the week above $0.20, then a rally to $0.30 or higher could follow in the short term. On the other hand, if there is a pullback due to profit taking, there is a strong chance that Cronos could consolidate around $0.20, which would now be support.

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