The Cosmos (ATOM) ecosystem is gaining traction, with specific altcoins identified by a renowned trader as poised for substantial growth.Prominent coins within the Cosmos network, such as Cronos (CRO), THORChain (RUNE), and dYdX (DYDX), stand out for their unique functionalities and contributions to the ecosystem.
n inRising Stars in the Cosmos Ecosystem
The Cosmos (ATOM) ecosystem, known for its groundbreaking vision of aterconnected blockchain network, is currently experiencing a surge in popularity. This upsurge is driven by the ecosystem’s innovative approach to blockchain technology, which simplifies development and facilitates cross-network communication.
Analyst’s Picks for Growth
A notable crypto analyst, Rekt Fencer, has turned the spotlight on several altcoins within the Cosmos ecosystem, projecting them to experience significant growth. Among these, Cosmos’ native token ATOM has already achieved a notable market cap of $3.9 billion, underscoring the ecosystem’s potential.
Key Altcoins to Watch
The analyst’s list of high-potential altcoins includes:
Cronos (CRO): Previously known as Crypto.com Coin, Cronos has garnered attention for its robust infrastructure and utility within the Crypto.com ecosystem. Its strategic position in facilitating payments, trading, and financial services makes it a key asset within the Cosmos network.THORChain (RUNE): THORChain stands out for its decentralized liquidity protocol, allowing users to swap assets across various blockchains in a trustless and non-custodial manner. This unique capability positions RUNE as a vital component in the DeFi space.dYdX (DYDX): As a decentralized exchange, dYdX offers advanced financial tools like perpetual contracts, leveraging the security and decentralization of blockchain technology. Its integration into the Cosmos ecosystem amplifies its potential in decentralized trading.
The Future of Cosmos and DeFi
The highlighted altcoins, each with distinct contributions to the Cosmos ecosystem, indicate a broader trend of diversification and specialization within blockchain networks. As Cosmos continues to grow and evolve, these altcoins represent critical facets of a more interconnected and efficient blockchain landscape, paving the way for advanced applications in DeFi and beyond.
In conclusion, the Cosmos ecosystem, with its array of promising altcoins, is poised for significant expansion. The insight provided by the crypto analyst offers a glimpse into the future trajectory of these coins, suggesting a period of accelerated growth and innovation in the blockchain sector.
#CRO #RUNE #DYDX

Cronos (CRO) surged 12% on news of the Titan Upgrade, promising innovation and scalability to its blockchain. This development has ignited excitement among investors and enthusiasts.
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Today, Cronos (CRO), the cryptocurrency token for Cronos Chain from Crypto.com, skyrocketed by 12% in the crypto market. This surge follows an exciting announcement about a big upgrade for the Cronos blockchain. This upgrade could change things significantly. Let’s explore more about this surge and what it means for Cronos.

Cronos Unveils Titan Upgrade
Cronos has created a buzz in the crypto world with the recent announcement of its upcoming Titan Upgrade, scheduled to launch on March 26. This upgrade promises a significant transformation, enhancing the performance and functionality of the Cronos blockchain.
The Titan Upgrade brings a wave of groundbreaking improvements, notably boosting transaction processing speed. This enhancement ensures smooth operation even during periods of high network activity. The focus on improving node and RPC performance is crucial for ensuring a responsive and efficient blockchain experience.

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One of the highlights of the upgrade is MemIAVL, a cutting-edge technology aimed at streamlining blockchain synchronization and block execution. This innovation leads to a remarkable tenfold increase in speed. Additionally, RPC performance will see a substantial improvement, with response times reduced by 78%, enhancing user experience and transaction reliability.
Beyond immediate enhancements, the Titan Upgrade lays the foundation for future advancements, drawing inspiration from the best practices of both Cosmos and Ethereum ecosystems. Features like Interchain Accounts and Account Abstraction are on the horizon, promising greater interoperability and expanding the scope of decentralized applications (DApps) on the Cronos platform.

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Commitment to Transparency and Innovation
Cronos demonstrates its dedication to transparency and innovation through its detailed roadmap and upgrade guide, providing stakeholders with valuable insights into the platform’s evolution. With Cronos Labs leading these initiatives, the stage is set for Cronos to solidify its position as a prominent player in the rapidly evolving cryptocurrency landscape.
Also Read:   Crypto Whale Nets $44.3M Profit as FLOKI Surges 50%
Countdown to Launch: As the countdown to the Titan Upgrade launch on March 26, 2024, commences, all eyes are on Cronos as it navigates towards a future defined by unparalleled performance, interoperability, and user-centric innovation.

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Cronos (CRO) Price Chart
Current Market Performance: At present, the Cronos price reflects an 11.90% increase, trading at $0.1493, with a trading volume decrease of 33.86% to $43.79 million. Notably, the CRO price experienced a high of $0.1509 and a low of $0.131 in the last 24 hours. Despite today’s gains, the price witnessed a 7% decrease this week, while boasting nearly a 65% increase over the last 30 days.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#CRO #Cronos #Altcoin #Cryptocurrency #CryptoNews $BOME $BTC $ETH

1 Cronos price is currently trading at $0.0609 while observing an increase of +0.83% during the intraday session.

2 CRO price trades below 20,50,100 and 200-Day EMAs.

3 The year to date return of Cronos is 9.34% while three-month return is -22.02%.

The bullish rally for Cronos price began at the starting of 2023 as CRO price gained bullish momentum from the low of $0.0548. The rally led to formation of a high at $0.0935 level on February 21. CRO price then corrected the move and bears pushed price down to $0.062 level.

The cryptocurrency price again gained bullish momentum for retesting the annual high but the move was halted at $0.08 level. The rejection caused a melt down in the price and Price formed support at $0.0615 level.

Recently, CRO price shattered the support of $0.0615 which held it twice. The price has formed a recent support at $0.059 level after the breakout started to gain bullish momentum and retested the price zone. If bulls can push price back into previous consolidation by rising above $0.0615, there is probability for the price to head toward $0.0665.

This move can cause a rise of roughly 8% in the price. While on the other hand, if bearish momentum strikes the market, Cro price may fall to the recent support of $0.059. If the recent support gets wrecked, Cro price will head toward yearly low and lose all of its gains.

Cronos Launched Second Cohort of Accelerators Program

Cronos launched its second cohort of accelerator programs with a $100 Million investment. This cohort will majorly focus on AI and blockchain projects. The program mission is to help and support early stage crypto currency projects by offering funding opportunities and mentorship.

Cronos has handpicked projects which includes Omnus, DeMe, Furrend, Solace, Sakaba, Eisen Finance, Earn Network, and CorgiAI. All of these projects received seed funding of $30,000 and will go for a 12-week program.

Cronos has also partnered with Amazon web services (AWS) to provide AI-related workshops and mentorship sessions to the projects participating in the second cohort.

Will CRO Price Rise Above $0.0615 level?

Chaikin money flow score is 0.03 indicating mild strength in the market. CRO price trades below 20,50,100 and 200-day EMA indicating strong bearish momentum in the price. The RSI almost reached near the 30 mark but did not dip. RSI is currently trading at 37.83 and is consolidating below the 40 mark indicating bearish sentiment still prevails in the market. The long/short ratio is 1.02 with 50.55% longs and 49.45% shorts indicating increased participation of buyers in the last 24 hours.

Conclusion

The market structure and price action is bearish as of now. Price did gain bearish momentum in the price week but it was not sustainable. The technical indicators are favouring the selling side as the previous candle closed as a strong bearish candle.

Technical levels

Major support: $0.059 and $0.055

Major resistance: $0.0665 and $0.08

#CRONOS #CRO #crypto2023 #Binance