Cronos price fails to recover despite network upgrade

Source Fxstreet
Apr 17, 2024 12:22
  • Crypto.com’s Cronos chain completed its mainnet upgrade on Wednesday. 
  • The mainnet upgrade enhanced Cronos’ compatibility with decentralized applications. 
  • CRO price lost nearly 2% of its value in the past day. 

Cronos (CRO) is an Ethereum Virtual Machine (EVM) compatible chain in the Cosmos ecosystem. A mainnet upgrade was completed early on Wednesday and the asset’s price declined nearly 2% in the past 24 hours. 

Cronos completes mainnet upgrade 

The Cronos mainnet upgrade that was completed on Wednesday improved the backward compatibility and Remote Procedure Call (RPC) enhancements on the chain. The Cosmos-based chain allows for the porting of apps and smart contracts from Ethereum and EVM-compatible chains. 

Cronos announced in an official tweet that the mainnet upgrade was completed on April 17.

CRO’s blockchain is one of the few chains that exist at the intersection of Ethereum and Cosmos and the open-source blockchain has now improved backward compatibility for dApps. 

The chain is known for its fast finality and low-cost transactions. The chain competes with Ethereum and offers multichain interoperability for users. 

CRO price is down nearly 2% 

CRO, the native token of the Cronos chain, has seen nearly 2% decline in its price on Wednesday. CRO price is down nearly 15% in the past week. At the time of writing, CRO price is $0.1237 on Crypto.com. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
XRP rallies past $0.53, SEC Chair Gensler says the regulator has done very well in court casesThe ruling of the Ripple (XRP) lawsuit is pending, and holders await the court’s decision in the legal battle between the US Securities and Exchange Commission (SEC) and the payment remittance firm.
Source  Fxstreet
The ruling of the Ripple (XRP) lawsuit is pending, and holders await the court’s decision in the legal battle between the US Securities and Exchange Commission (SEC) and the payment remittance firm.
placeholder
XRP sustains above $0.50 over the weekend, Ripple backs research on blockchain and quantum computingXRP price holds steady above the $0.50 key support level and edges higher on Monday, trading at 0.5130 and rising 0.70% in the day at the time of writing.
Source  Fxstreet
XRP price holds steady above the $0.50 key support level and edges higher on Monday, trading at 0.5130 and rising 0.70% in the day at the time of writing.
placeholder
Ethereum could see slight increase, institutional whales make hefty deposits on Coinbase.Ethereum (ETH) sustained its weekend sideways movement on Monday following a quiet market.
Source  Fxstreet
Ethereum (ETH) sustained its weekend sideways movement on Monday following a quiet market.
goTop
quote