Crypto.com Cronos (CRO) price has taken center stage after the resignation of the Binance CEO and the company’s $4.3 billion settlement with the US DOJ. As a result, the holders of different exchange coins, including CRO, are speculating on which exchange will be the next target of the US regulators.
This year has turned out to be brutal for the centralized crypto entities in general and the crypto exchanges in particular. This is because the US regulators have come guns blazing after the digital assets bourses, filing lawsuits against major industry players.
Although Cronos blockchain and Crypto.com are not facing any allegations from the regulators, the recent event suggests it could be only a matter of time before the tide shifts. Nevertheless, CRO price has shown a remarkable rebound today, up 10.51% on Wednesday.
Cronos price prediction is still bullish despite this week’s pullback as the price is about to turn $0.086 resistance into support. Such flips often result in bullish surges which in this case could be toward the monthly highs around $0.012.
This post was last modified on Nov 22, 2023, 17:25 GMT 17:25