CandleFocus Cronos price analysis: here’s why CRO could surge 40%
2024-11-08
Author: Content Editor
The price of Cronos (CRO) cryptocurrency has experienced a significant surge, reaching its highest level since August 9. This is attributed to several positive developments in the ecosystem, including the launch of a new blueprint for an artificial intelligence (AI) agent-powered ecosystem on Cronos. The developers aim for Cronos to become a prominent chain for developers building AI-powered networks. Additionally, Cronos announced a partnership with Google, with the tech giant joining the ecosystem as a validator and supporting developers. However, Cronos is facing challenges as it tries to catch up with other chains and lacks market share in areas such as decentralized exchanges (DEX) and non-fungible tokens (NFT). The developers hope that these updates will attract more users and developers to the network. Technical analysis suggests that the CRO price could continue to rise, with bulls targeting a 40% surge to the 50% retracement point.
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