Connect with us
Active Currencies 14712
Market Cap $2,670,247,746,023.50
Bitcoin Share 51.51%
24h Market Cap Change $4.20

Identifying CRO’s hike potential on the back of Ukraine crisis

2min Read

Share this article continues to build its brand on the back of its social presence. Notably, by partnering with the Red Cross Red Crescent, is making the most of the ongoing hype for crypto donations to Ukraine. 

The platform has already donated $1 million to the victims of the Russia-Ukraine conflict. for Ukraine

For the same is making full use of ‘The Art of Giving’ collection of 40 NFTs, each worth $50 to $100. Through the sale of these collections, along with 33 other artists will be donating 100% of the proceeds. 

Naturally, these efforts would capture the attention of multiple investors. This would, in turn, drive Cronos’ adoption which is very necessary at the moment. 

Furthermore, the network once had over 9k investors. However, in the last few months, the figure has dropped down to around 1.5k. daily active users | Source: Intotheblock – AMBCrypto

The lack of activity on-chain is pretty visible at the moment. Over the last three months, the total distribution of CRO supply has observed a shift from traders to cruisers. 

It seems that the cohorts that have been holding CRO for over a month have now changed their intention to hold it for a longer period of time. The increased adoption of has certainly played a massive role in changing their perception.  

It’s worth noting here that dominating about 60% of the supply these ‘could be HODLers’ can act as a huge support in CRO’s rise.

Distribution of Cronos’ supply | Source: Intotheblock – AMBCrypto

And, with the broader market signaling a bullish atmosphere, CRO would hugely benefit from its price. Up by over 9% (at press time) in 24 hours and 32.24% in the last 20 days, CRO is slowly but surely recovering from its 2022 losses. Thus, further attracting investors to bet on it. Price Action | Source: TradingView – AMBCrypto


Aaryamann is a freelance crypto journalist working with AMBCrypto. He is currently investing his time in the crypto-space. He has a keen interest in DeFi, the ever-expanding possibilities of blockchain technology, as well as the political impact they would have.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.