Crypto.com Chain (CRO) continues to outperform major cryptocurrencies on renewed interest in the burgeoning sector. As other cryptocurrencies shed more than 20% in market value, CRO continues to gain ground depicted by an 18% spike last week. Trading volume has also surged to highs of $11 million.
CRO Price catalyst
CRO token price spike comes as a surprise, as most altcoins continue to lag the flagship cryptocurrency Bitcoin. It thus comes as a surprise that Crypto.com Chain (CRO) has continued to gain in both dollar and BTC terms. The fact that the coin is still languishing near its lows could explain the spike.
With a market cap of more than $799 million, Crypto.com Chain has seen its value against Bitcoin surge to 645 Satoshi. Continued listing in a number of crypto exchanges is one of the catalysts that appear to be fuelling the crypto price action activity.
Crypto Exchange Listing
Okex is the latest cryptocurrency to add support for Crypto.com Chain, a month barely after Bithumb and Bibox added support. Listing in cryptocurrencies is a plus for the virtual currency as it goes a long way in adding a layer of liquidity key to driving demand for the token.
CRO Price action activity also appears to have received a boost in anticipation of the upcoming Huobi Fast Track trading program. Crypto.com Chain and Egretia (EGT) are set to achieve listing status in the exchange. The listing order will depend on the amount of votes each project garners from a scheduled vote.
A spike in CRO and EGT market price underscores the impact on Asian exchanges. The Exchanges have continued to boost the interest of small digital assets. The roll-out of crypto powered cards that limit the danger of seeing virtual currencies as unregistered securities have also had a positive impact on such assets prices.
Crypto.com Chain bills itself as the next-generation public blockchain for enabling fast transactions between merchants and cryptocurrency users. The native CRO Token enables intermediary currency settlement for the underlying Crypto.com Chain. Follow us below and never miss breaking crypto news.