Can this shit up

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Recently Cronos Surged 39% as SEC Ends Investigation!

- CRO jumps 8% daily, 39% weekly, defying market pressure

- SEC officially closes investigation into Crypto.com

- Trumps’s Truth Social partners with Cronos, boosting investor confidence

- Analysts predict a potential triple-digit rally if the breakout holds!

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Cronos (CRO) is facing a tough time, dropping in value after the community’s proposal to reverse a major 2021 token burn. Meanwhile, VVS Finance sees a spike in volume as voting on a controversial token re-issuance proposal continues.

- Cronos Price Drop: Cronos has dropped 5.13%, despite the increase in volume on decentralized exchanges like VVS Finance, which saw a 140% spike in weekly volume to $123.2 million, mostly driven by VVS Finance.

- Proposal Controversy: The Cronos community is debating a proposal to re-issue 70 billion tokens, which would increase the total supply to 100 billion. The new tokens would be locked in a 5-year reserve for network growth, including investments in ETFs backed by CRO.

- Community Backlash: The proposal has faced strong criticism from the community, with concerns over increased token dilution and potential future issuances. Voting data shows a close race: 50.92% support the proposal, while 48.56% oppose it. The vote will continue until March 17, and quorum must reach 33.40% for the proposal to pass.

- Technical Analysis: Cronos’ price bottomed at $0.0700 this month, and a rebound is forming as key technical indicators suggest upward movement. If it surpasses the 50-day moving average of $0.1, the price may reach resistance levels of $0.14.

Cronos is in a delicate position as its community votes on a controversial proposal, with potential for further token dilution. Despite this, technical indicators hint at a potential price rebound if support levels hold strong. The future of Cronos is still uncertain as the vote unfolds.
https://coinpedia.org/price-prediction/crypto-com-cro-price-prediction/