Cronos presyoCRO

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🆘 What happened in Crypto in the last 12h? 🆘 • $BTC $ETH $SOL $XRP $ADA - Trump announced an executive order to create a crypto strategic reserve. The crypto strategic reserve will include $BTC $ETH $SOL $XRP $ADA and has hinted at the possibility of including others in the future. The announcement sent crypto markets into a bull run. • $BTC - Bitcoin gained around 10% to touch $95K after the announcement of the strategic crypto reserve. It is currently trading at $93K. • $ADA - Cardano, which is included in the strategic crypto reserve, was the biggest gainer, touching $1.17, up about 70%. $ADA will also be releasing a major update this year, #MidnightNtwrk. • $SOL - Solana had a big dip recently, but after the announcement of the strategic crypto reserve, it gained about 30% to touch $179. As a result, $RAY, which has seen a big drop recently, is also making a big move higher. • $XRP - XRP, which is included in the strategic crypto reserve, was the biggest gainer, touching $2.99, up about 33%. $XRP briefly flipped $ETH FDV with this gain. • White House A.I. & Crypto Czar David Sacks has hinted that a lot will be revealed at the upcoming Crypto Summit at the White House on March 7th. In mid-February, David Sacks hinted that some big announcements were coming soon. • $CRO - Cronos has announced that it will be putting forward a governance proposal to establish a Cronos Strategic Reserve. The proposal seeks to reissue the 70B CRO tokens that were burned in February 2021. • $STAR10 - Ronaldinho, the living legend of Brazilian soccer, has launched the official meme coin STAR10.

The latest news focuses on XRP encountering resistance at the 2.4 mark, suggesting that bulls must overcome this barrier to continue a bull run that has seen XRP's price increase significantly in recent trading sessions. This resistance point is critical for XRP, as overcoming it can signal a strong upward trend and rally investor confidence. XRP has been resilient, maintaining its position despite broader market fluctuations, notably during a time of general interest generated by announcements from influential political figures. For context, previous news has highlighted several pivotal events affecting the cryptocurrency market. President Trump’s recent announcement about a U.S. Strategic Crypto Reserve indicated a potentially bullish sentiment around multiple cryptocurrencies, including XRP, Ethereum (ETH), Solana (SOL), and Cardano (ADA). The market reacted positively to this announcement with a substantial influx of liquidity, increasing the overall market cap by $330 billion in just hours. This underscores an environment ripe for growth, especially for assets that can effectively claim a portion of this newfound investor interest. Moreover, the announcement of reintroducing 70 billion CRO tokens has somewhat revitalized interest in cryptocurrencies associated with the Cronos blockchain, indicating that investor sentiment can lead to spontaneous surges in specific coins, further adding to the ongoing volatility in the larger market. Additionally, XRP's recent price performance, where it surged over 37% within a day, can be attributed to positive sentiment surrounding its use case in global payments, especially with the increasing institutional demand for Ripple's services and their stablecoin, RLUSD. In summary, XRP is currently at a significant technical point just below a notable resistance level of 2.4. Its recent price movements reflect a robust bullish trend, supported by favorable news events that have positioned it strategically in the market. Given that bullish news surrounding liquidity injections, political endorsements, and positive price momentum generally correlate with increased bullish sentiment, the current developments surrounding XRP point towards a reinforcement of this trend.

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CRONOS Proposes Reissuing 70 Billion Burned Tokens with 5-Year Lock-Up to Establish CRONOS Strategic Reserve 💰Coin: Cronos ( $CRO ) $0.08932