Tag: CRO token

  • Cronos Price Prediction September 2026: Can CRO Reclaim Its Bull Market Support Band?

    Cronos Price Prediction September 2026: Can CRO Reclaim Its Bull Market Support Band?

    Cronos Price Prediction September 2026: $CRO Tests Key Bull Market Support Band

    Cronos price prediction for September 2026 remains bullish above $0.0570, a critical level that $CRO must hold as it tests its weekly Bull Market Support Band for the first time since the broader downtrend began roughly a year ago.

    Cronos Price Analysis: Can $CRO Reclaim Its Bull Market Support Band?

    Not yet, but $CRO is testing the level right now. The token trades near $0.05816, up 3.21% today, pushing against the upper edge of a symmetrical triangle that has formed since early September. The triangle’s descending resistance line runs down from a spike high near $0.070, while its rising support line has held since a low near $0.049 in mid-August, with the two converging toward early October.

    The 20-day moving average at $0.05702 and 50-day at $0.05623 sit just below price, the 100-day at $0.05807 sits right at current levels, and the 200-day at $0.06663 remains well above as the bigger hurdle still standing in the way. Bull Bear Power backs that up, having cooled to just 0.00048 from a spike above 0.02 earlier this month, showing the initial burst of buying pressure has faded even though price is still holding up.

    Weekly Chart Analysis: The More Important Test

    The weekly chart is where the more important test is playing out. $CRO is pressing into its Bull Market Support Band, made up of the 20-week SMA at $0.05948 and the 21-week EMA at $0.06161, a zone it hasn’t reclaimed since the downtrend that began after last year’s peak. Weekly RSI sits at 43.43, above its own moving average at 37.45 and ticking higher after months spent near oversold territory, the clearest sign yet that momentum on this bigger timeframe is starting to turn.

    Cronos News: Cronos Rebrands Trading App to Ult, Commits All Revenue to $CRO Burns

    “The strategy we laid out brings clarity for users and developers across Cronos. Go check it all out at https://t.co/aaj1irUDpr (1) We’re naming our trading app @UltApp. Ult is short for Ultimate, the most powerful ability you unlock. Our goal is to give you the most powerful…”

    Cronos is overhauling its product strategy around a new trading app called Ult, launching globally today on iOS and Android, according to CEO Ryan Wyatt. The app replaces the Cronos-branded trading product, expanding into:

    • Prediction markets across 10 sports categories
    • Perpetuals, with around 40 leveraged markets at launch
    • Tokenized stocks, available across more than 100 countries

    Wyatt said most of what’s inside Ult doesn’t run on Cronos Network itself, which is why the team dropped the old name.

    The bigger change is tokenomics. Cronos Labs proposed sending 100% of revenue from both Ult and a new token launchpad, Cronos Launch, toward buying and burning $CRO on the open market, with the community burn process becoming automated. Operating costs will come from existing capital rather than that revenue. Wyatt said every other Cronos Labs project will be sunset over the coming months so the team can focus entirely on Ult, Cronos Launch, VVS Finance, and the underlying network.

    The strategy also gives developers a clearer path to a Crypto.com listing review, with published eligibility criteria, though meeting them won’t guarantee a listing. Cronos said it wants equal treatment for tokens launched through other launchpads and for projects already live on Cronos Network.

    Cronos Derivatives: Open Interest Builds as Volume Cools and Shorts Nearly Disappear

    $CRO derivatives volume fell 7.17% to $9.00 million over the past 24 hours, while open interest rose 12.08% to $27.80 million, suggesting traders are quietly building new positions even as overall trading slowed down, possibly tied to today’s Ult launch.

    Liquidations tell an even clearer story. All $811.17 in losses over the past 24 hours came from long positions, while shorts lost basically nothing, which means there’s barely anyone left betting against $CRO right now. OKX traders are leaning long too, with an account ratio of 1.21.

    Cronos September 2026 Weekly Forecast

    Cronos Price Prediction September 2026: Upside and Downside Targets

    Bullish Case, Target: $0.0666 (200-Day EMA)

    $CRO clears the triangle’s descending resistance and reclaims the Bull Market Support Band between $0.0595 and $0.0616 on a weekly close. Sustained attention from the Ult launch and the $CRO buyback and burn commitment could carry price toward the 200-day EMA at $0.0666 by month end.

    Bearish Case, Risk Level: $0.0498 (September Low)

    $CRO fails to clear the support band and slips back below the triangle’s rising trendline. A cooling in enthusiasm around Ult’s rollout or a broader crypto pullback would fit that scenario, exposing the September low near $0.0498 as the next real test.

    Cronos Price Prediction FAQs

    What is the Cronos price prediction for September 2026?

    $CRO could extend toward the 200-day EMA at $0.0666 if it clears its Bull Market Support Band between $0.0595 and $0.0616. Failing that, a slide back toward the September low near $0.0498 is the bigger risk.

    What is Ult, and how does it affect $CRO?

    Ult is Cronos’s rebranded trading app, launching globally on September 17 with support for prediction markets, perpetuals, and tokenized stocks. Cronos Labs proposed that 100% of Ult’s revenue go toward buying and burning $CRO on the open market.

    Is $CRO’s long-term downtrend actually reversing?

    It’s too early to say. $CRO is testing its weekly Bull Market Support Band for the first time since the downtrend began roughly a year ago, but it hasn’t reclaimed that zone on a weekly close yet.

    Are $CRO derivatives traders bullish or bearish right now?

    Bullish leaning, though cautiously. Nearly all recent liquidations have hit long positions with almost none on the short side, while open interest has been rising even as trading volume cooled.

  • Crypto.com Repeatedly Rewrites Terms for CRO Holders

    Crypto.com Repeatedly Rewrites Terms for CRO Holders

    Crypto.com Slashes CRO Lockup Rewards by 25% or More

    Crypto.com announced it will reduce annual rewards on new $CRO lockups starting Thursday, cutting rates by at least 25% across its premium card tiers. The move marks another chapter in a multi-year pattern of roadmap revisions, retracted promotions, and altered token economics that have frustrated retail holders.

    New Lockup Rates Effective Thursday

    According to the update, the revised annual percentages for new lockups are:

    • Obsidian/Private tier: 6% (down from 9%)
    • Icy/Rose/Private tier: 5% (down from 8.5%)
    • Jade/Indigo/Pro tier: 3% (down from 4%)

    These reductions follow a 75% price decline for $CRO over the past year. Since its all-time high in November 2021, the token has lost 93% of its value, a drop that coincides with repeated benefit cuts, layoffs, and the recent Cronos blockchain outage that erased several hours of on-chain activity.

    From Monaco to Crypto.com: A History of Shifted Terms

    The current reward structure traces back to Monaco, Crypto.com’s predecessor. Monaco originally sold MCO with an “asset contract” funded by a 1% fee on certain card transactions, allowing holders to burn MCO for a proportional share of that contract. By late 2017, Monaco removed the asset contract from its roadmap, citing regulatory changes, and replaced it with a cashback rate of up to 2%.

    In November 2018, Crypto.com promised 60 monthly $CRO airdrops to eligible MCO holders over five years. The program ended in June 2019—roughly seven months in—with more than 50 scheduled distributions never delivered. The remaining allocation was redirected elsewhere.

    During 2020, the company pushed MCO holders to migrate to $CRO on a new blockchain contract, then ceased support for unswapped MCO across its product suite. While the MCO token technically survives on Ethereum, its company-backed utility does not.

    Card Benefits Continue to Contract

    In May 2022, Crypto.com cut cashback rates and initially planned to eliminate card staking rewards entirely after 180-day terms expired. Community backlash prompted a partial reversal within days, allowing existing users to retain prior rates until expiry.

    Since then, premium perks have steadily diminished:

    • Vendor rebates: Airbnb, Expedia, and Amazon Prime rebates—advertised for top tiers in 2020—will be removed from Icy, Rose, and Obsidian rewards programs by 2025.
    • Non-staking spend rewards: The 1% and 2% cashback on cards issued before November 6, 2024, has been eliminated.
    • Lounge access: Restricted in September 2025 to users with an active $CRO lockup, stake, or annual subscription. This month, Pro users saw annual visits halved, and Private tiers lost complimentary guest access in most markets.

    Token Burn Reversed: 70 Billion CRO Re-minted

    Perhaps the most consequential shift involves token supply. In February 2021, Crypto.com conducted a 70 billion $CRO burn, framing it as a step toward full decentralization. In 2025, the Cronos ecosystem—aligned with Crypto.com—announced plans to re-mint those same 70 billion tokens into a “Strategic Reserve,” effectively reversing the burn.

    Combined with the latest lockup reward cuts, the decision underscores a broader trend: retail investors have absorbed significant supply inflation and repeated benefit reductions while institutional partners appear to receive preferential treatment.

    As Crypto.com prepares to implement the new rates on Thursday, the community watches for further signals about the platform’s long-term commitment to its token holders and the stability of the Cronos network.

  • Cronos Halts Blockchain After $75 Million Exploit Hits Lending App Tectonic

    Cronos Halts Blockchain After $75 Million Exploit Hits Lending App Tectonic

    Cronos halted its entire blockchain on Sunday after an attacker exploited Tectonic, its largest lending platform, in an incident estimated to have drained roughly $75 million.

    How the Tectonic attack unfolded

    Cronos was launched by Crypto.com in 2021 and remains closely linked to the exchange, which uses the blockchain to provide lower-cost transactions for its products. CRO is the token Crypto.com promotes as the centre of its ecosystem. The network also hosts a small group of lending and trading applications, led by Tectonic.

    Tectonic allows users to deposit cryptocurrency and borrow other assets against it, similar to using a house as collateral for a loan.

    One of the tokens accepted as collateral was TONIC, Tectonic’s native token. TONIC had approximately $1.34 million in liquidity and around $11,000 in daily trading volume. Tectonic’s documentation warns that assets with low liquidity can be especially vulnerable to price manipulation.

    Blockchain data indicates that this weakness may have enabled the attack. The attacker drove TONIC’s price up by roughly 100 times in about 20 minutes, deposited the suddenly more valuable tokens into Tectonic and borrowed real assets against them.

    Source: cryptonews.net