Crypto token cronos increases heavily according to Trump Media and Crypto.com-block-builders.de
The cryptom market is currently experiencing a remarkable upswing: the native token from Crypto.com, Cronos (Cro), recorded an impressive increase of 30 % within 24 hours on Monday and achieved a price of $ 0.10, as data from Coingecko show. This increase follows the announcement of a partnership between Trump Media and Technology Group (TMTG), the company behind Truth Social, and the cryptofirma crypto.com based in Singapore. Crypto investors flock to Cro, spurred on by the connection to Donald Trump and the prospect of innovative financial products.
Commercial activities literally exploded: Cro's trading volume rose from $ 21 million to $ 126 million by Monday evening-an almost six-time increase. At the same time, the transaction course on Cronoscan shows that the daily transactions have more than doubled from around 40,000 to over 82,000. This hype is no coincidence: TMTG announced that they are developing with Crypto.com Exchange-Traded Funds (ETFs) that should include both Bitcoin and Cronos.
ETFs and economic vision
According to Devin Nunes, CEO of TMTG, the partnership aims to create “innovative funds” that focus on rapidly growing companies, technological innovation and strengthening the US economy. The planned ETFs are to be introduced under the “Truth.Fi” brand in the USA, Europe and Asia – subject to regulatory permits. The inclusion of Cro is surprising, since earlier announcements did not mention the token. Now the funds should also cover industries such as energy and support Trump's economic policy agenda.
However, this cooperation also brings with it controversy. Crypto.com was only five months ago in the focus of the US stock exchange supervision SEC, which accused the company to operate an unregistered securities exchange. Crypto.com rejected the allegations and submitted a counter -complaint that was dropped in December – in terms of time to meet a meeting between the company's CEO and the then newly elected president Trump.
Trump's influence
Donald Trump himself remains a central figure: In December, he transferred shares worth around $ 4 billion-around 53 % of TMTG-to a trust that is controlled by his son Donald Trump Jr., with which he remains the biggest shareholder. The connection between his media company and Crypto.com could not only further influence the course of CRO, but also focus on the crypto industry as a whole – despite the regulatory uncertainties.
The partnership shows how strongly political and economic networks can move the cryptom market. However, whether “Truth.Fi” actually starts depends on the authorities. Until then, Cro remains a hot topic for investors.
