Cronos Surges 20% as Trump ETF Proposal Boosts Investor Enthusiasm

The Cronos (CRO) cryptocurrency, the native token of the Crypto.com-backed Cronos Chain, has seen a notable price increase, with gains of 20% over a 24-hour period extending the momentum observed on July 7, 2025.

On Wednesday morning, the price of Cronos reached a high of $0.099, coinciding with a 37% increase in on-chain transactions. This surge in activity has drawn significant attention from investors, who are optimistic about the token's prospects amidst a broader positive sentiment in the cryptocurrency market.

As of July 9, 2025, the CRO token continues to attract investor interest, with its price hovering around $0.095, marking a double-digit increase over the past 24 hours and an 18% weekly uptick. This performance positions CRO among the top performers in the 100 largest cryptocurrencies by market capitalization, outpacing other notable tokens such as SPX6900, FLOKI, and Raydium.

The surge in Cronos' price is largely attributed to heightened investor enthusiasm following Trump Media & Technology Group’s proposal for the Truth Social Crypto Blue Chip ETF. This ETF seeks to include an allocation of 5% to CRO, a move that has been met with positive reactions from investors. Additionally, on July 8, 2025, the Cronos Chain processed 137,000 transactions, up from 100,000 transactions on July 7, marking a 37% increase and a 30-day high that signals network activity and adoption.

The technical outlook for CRO is optimistic, with the daily chart showing the Relative Strength Index (RSI) at 68. While it’s near the overbought territory, it’s not extended to suggest bulls have room to explore more gains. Cronos’ daily chart also shows the Moving Average Convergence Divergence (MACD) with a bullish crossover, which suggests potential for further upside. If CRO sees another leg up, it could break above $0.10 and target $0.16 and $0.21. Long-term forecasts include a surge to the all-time high of $0.96 and the psychological $1 level.

On the flipside, Cronos’ price may give up gains and pull back to support around $0.087 and then $0.079. Analysts caution that while Bitcoin traders are leaning very bullish, with crypto’s top coin’s market value sitting just above $108.5K, it is important to be cautious as crowd FOMO can often lead to short-term corrections.

Cronos’ bullish potential could benefit from the growth of DeFi and web3 technologies, further enhancing its appeal to investors.