On August 5, the Cronos Price Modh shows the performance of the Bitcoin and most Altcoin.
Summary
- The Chronos Price has formed a fast penette and a golden cross pattern.
- The total value of decentralized finance ecosystems is increasing.
- The supply of Stabelcoin on Chronos has jumped on a record high.
Cronos (CRO) was trading at $ 0.1347, a run is reminiscent of the past. This price is about 74% above its lowest level this year, with technical more profit.
Chronos dex and stabelcoin ecosystem is increasing
The Defi LLAma data suggests that the decentralized finance ecosystem is performing well this year. StableCoin supplements in the network have jumped at a record high level of $ 168 million, which is above a year-over year of $ 18 million.
Most of these are Stabecrims USD Coin (USDC), which has increased by 7% in the last 30 days, which has increased to $ 154 million. This is followed by Orbi USD, which has more than $ 13.5 million in assets.
Further data shows that the decentralized exchange protocols with the network are becoming increasingly active. He processed the transaction of $ 142 million in July above $ 76 million in June. The amount of high Dex transactions is a sign that the network is becoming more active.
The total value located in the network is making a slower comb, which is reaching a high level of $ 710 million, its highest level is severe January. The biggest players in the ecosystem are VVS Finance, Tectonic, Orbi Network and Voo Finance.
The CRO price recently increased after applying to the Blue Chip ETF in a partnership with Crypto.com. The fund will have cryptocurrency like bitcoin, sulthana, chronos and XRP.
Canary Capital also applied for a CRO ETF, which can be approved by the end of the year. These approval may cause greater demand for CRO tokens.
Chronos price technical analysis
The daily chart shows that Cro -PRICE has revolted in the past. This mebier
The CRO Price has formed a golden cross pattern as a 50-day and 200-day exponent, which has crossed each other. It is also creating a rapid penette pattern, with a vertical line and a triangle formation.
Therefore, the chronos price would prefer a probrockout, $ 0.1498 with the next point, this is the high point this year. A motor above that level will promote further profit, reaching $ 0.200 at a powerful psychological point.