Cronos CRO/USD topped the daily gainers list Tuesday after the Trump Media & Technology Group DJT filed for an exchange-traded fund that would offer exposure to the token.
What happened: CRO, the native token of cryptocurrency exchange Crypto.com, soared over 18% in the last 24 hours, reaching levels last seen nearly a month ago. The coin's trading volume exploded a whopping 1911.41% to nearly $224 million, signaling high liquidity and trader interest.
In doing so, CRO outgained Bitcoin BTC/USD, Ethereum ETH/USD, Dogecoin DOGE/USD and other high-value tokens.
The rally comes after Trump Media, co-founded and majority-owned by President Donald Trump, filed to launch the “Crypto Blue Chip” ETF that would directly hold a basket of major digital assets, including CRO.
Price Action: At the time of writing, CRO was exchanging hands at $0.09513, up 18.7% in the last 24 hours, according to data from Benzinga Pro.
Shares of Trump Media were down 0.47% in after-hours trading after closing 2.83% higher at $19.26 during Tuesday’s regular trading session.
The Trump Media & Technology Group stock ranked low on the Momentum and Value scores. Visit Benzinga Edge Stock Rankings to discover how it score across these vital metrics.
Photo Courtesy: ddRender on Shutterstock.com
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