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Cronos coin value dips despite weekly gains, crypto market shows mixed results

EditorHari Govind
Published 18/11/2023, 01:12 am
Updated 18/11/2023, 01:12 am
© Reuters.

GLOBAL MARKETS - The cryptocurrency market presented a mixed bag of results today, with Cronos (CRO), the digital asset launched by's co-founders Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo on November 14th, 2019, witnessing a decline in value against the dollar. Despite a 3.9% decrease within the last day to a current price of $0.0962 per coin, Cronos has recorded an unspecified weekly gain. The coin's market capitalization stands at billion dollars with a daily trading volume in the millions.

In broader market movements, there has been a variety of performance among different cryptocurrencies:

  • Avalanche (AVAX) decreased to $21.83.
  • Cosmos (ATOM) saw its value fall to $9.54.
  • Hedera Hashgraph (HBAR) experienced growth to $0.0631.
  • Internet Computer (ICP) dropped to $4.32.
  • Near Protocol (NEAR) appreciated to $1.84.
  • Algorand (ALGO) declined to $0.14.
  • (FET) increased its value to $0.44.

Meanwhile, KAVA, Theta Fuel (TFUEL), and Akash Network (AKT) each faced minor losses in their valuations.

Cronos boasts a total supply exceeding 30 billion coins, information that can be found on various official platforms. The coin underwent rebranding in 2018 from a domain previously owned by Matt Blaze and is now accessible for trade on its official site and through indirect purchases using USD by first acquiring Bitcoin or Ethereum on exchanges like Coinbase (NASDAQ:COIN).

The cryptocurrency market continues to show volatility with some assets experiencing gains while others face declines. Cronos' performance this week illustrates the unpredictable nature of digital currencies, even as it maintains a significant market presence with its large supply and accessibility for investors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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