Cryptocurrency Cronos Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cronos (CRYPTO: CRO) has experienced a 4.64% price drop over the past 24 hours, continuing a weekly decline of 7.0%. The trading volume for Cronos has increased by 67.0% over the past week, while the circulating supply rose by 0.46%, reaching 26.46 billion. Cronos is currently ranked #38 by market cap, which stands at $2.45 billion.
January 05, 2024 | 3:03 pm
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Cronos (CRO) has seen a significant decrease in price and an increase in trading volume, indicating heightened market activity and potential investor concern.
The price decrease of Cronos, coupled with an increase in trading volume, suggests a bearish outlook in the short term. The rise in trading volume could indicate a sell-off, which may continue to put downward pressure on the price. The increase in circulating supply could also dilute the value of existing coins, contributing to the price decline.
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IMPORTANCE 75
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