Crypto News- November 4 Cronos Crypto Price; Cronos, previously recognized as Crypto.com, has emerged as one of the standout performers in the cryptocurrency market during the past week. The token’s value surged to a peak of $0.070, marking its highest point since May 8th of this year. Impressively, CRO has managed to achieve a remarkable 40% ascent from its lowest point earlier in the year and has notably established a significant support level at $0.050.
In recent developments, Cronos has not only surpassed but comfortably sustained positions above both the 50-day and 25-day Exponential Moving Averages (EMA), underlining its bullish momentum. Concurrently, the Relative Strength Index (RSI) has ventured into the territory of extreme overbought conditions, underscoring the significant buying interest in the token.
November 4 Cronos Crypto Price Prediction
With these indicators in mind, the overall outlook for Cronos remains decidedly bullish. The next key level to keep a close eye on is at $0.081, representing the highest swing point observed on April 28th. However, it is prudent to consider an alternative scenario where the coin might retest the support at $0.060, should market conditions take an unexpected turn.
As Cronos continues its upward trajectory, it serves as a compelling example of the potential within the ever-evolving cryptocurrency landscape, offering traders and investors opportunities for both growth and volatility.
Cronos, a blockchain project firmly positioned at the intersection of the Ethereum and Cosmos ecosystems, has achieved a significant milestone with the launch of the Cronos Explorer on its testnet. This momentous announcement, which reverberated across various platforms, signifies a groundbreaking chapter in the realm of blockchain exploration. A comprehensive insight into this development was thoughtfully shared through an official blog post, highlighting the imminent impact it is expected to have.
The debut of the Cronos Explorer on the testnet marks the commencement of a year-long journey aimed at solidifying its place among the premier blockchain explorers. With a steadfast commitment to addressing the needs of developers and users within the Cronos ecosystem, the platform has ambitious plans to introduce a range of exclusive features. While the project may not currently encompass every facet of blockchain exploration for ongoing operations, it does hold the promise of enhancing the overall user experience in the months to come.
During this transitional phase, Cronos Mainnet users will continue to rely on Coronoscan without any interruptions. Although the exact timeline for the integration of the explorer with the mainnet remains uncertain, access to the Cronos Testnet will persist until the latest iteration of the Cronos Explorer achieves feature parity, emphasizing historical and real-time data.
The new features introduced by the project offer a diverse array of insights into the functionality of the Cronos chain, spanning both the Cosmos SDK and Ethereum Virtual Machine (EVM) layers. Notably, these additions address a previously identified concern in Ethereum-exclusive explorers by enabling users to monitor Cosmos transfer fees. A standout feature is the presentation of cumulative transfer fees from both Cosmos and EVM transfers within the “Block Rewards” field. The Cronos Explorer further distinguishes itself through its streamlined token transfer filtering, made more accessible with the inclusion of internal transfer analysis tools.
The path taken by this project serves as a testament to its unwavering dedication to enhancing user convenience and strengthening the connection between Ethereum and Cosmos technologies. The introduction of the Cronos Explorer on the testnet is a watershed moment, signaling a future filled with promising advancements and innovation that holds the potential to reshape and redefine the entire landscape of blockchain exploration.
By bridging the Ethereum and Cosmos ecosystems, Cronos has embarked on a mission to create a seamless and comprehensive experience for developers and users alike. This endeavor is not merely about improving the accessibility of blockchain data; it represents a forward-looking approach to harmonizing two prominent blockchain ecosystems, each with its unique strengths and capabilities.
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