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The Cronos price surged 7% in 24 hours as the token traded at $0.06651 at 1:30 a.m. EST.
CRO’s trading volume has also surged by 164% within 24 hours. This has, in turn, contributed to the high volatility levels on Cronos, as shown by the Bollinger bands drifting wider apart.
Looking at the 4-hour CRO/USD charts, the 15-day moving average has exceeded the 30-day moving average. This forms a golden cross, which indicates bull dominance on Cronos price.
Cronos Price: Technical Analysis
The Relative Strength Index (RSI) indicator is on an upward trajectory in the overbought region as the MACD also moves in the green zone. Both these show bull dominance on Cronos price. Bulls are holding on to the $0.062 support level and could soon send the Cronos price to $0.08 should they break the $0.067 resistance level.
Analysts suggest that the current bullish momentum might only be the initial phase of a more significant upward movement. Referring to a previously mentioned target of $0.8868. This target is still viable, with a potential increase of 1242%.
$CRO (#Cronos)' prices continuing to push forward on a MAJOR RUN but this may only be the beginning stages of something much GREATER!
With that $0.8868 target still in play, eyes remain on another +1242% increasing to reach it.
This is a more than 13.2X potential and it may… https://t.co/s7Mn9z3Uja pic.twitter.com/aVnBXvE9P7
— JAVON⚡️MARKS (@JavonTM1) November 2, 2023
Meanwhile, as Cronos price looks to explode in the short term, the new Telegram Casino, currently in its pre-sale stage, could post better stats upon release. This can be seen from the growing investor confidence in the pre-sale that has seen the TG.Casino community amass $1.6M in funding.
We have passed the $1.6 million checkpoint🎰$TGC is blowing up! pic.twitter.com/1RriRQSHPU
— TG Casino (@TGCasino_) October 31, 2023
TG.Casino Registering Impressive Growth
With the recent buzz surrounding Telegram trading bots and the rise of GambleFi, TG.Casino ($TGC) has garnered attention for its ongoing pre-sale, showcasing remarkable growth within a short span. Notably, players have collectively wagered over $10 million, with the casino boasting a robust player base of over 1,200 individuals. Moreover, the total deposits have surpassed $1 million, demonstrating the platform’s appeal and growth potential.
We've been quietly growing, it's time for our first public release of Casino numbers, from launch…
💰Players have wagered $10 Million+
🎖Casino players has surpassed 1200+
🚀 Total deposits has exceeded $1 MillionJoin our Community TG for more info. pic.twitter.com/OdJCCevITf
— TG Casino (@TGCasino_) November 2, 2023
Ecosystem Features and Security
TG.Casino has much to offer, like an extensive sportsbook, fun slot machines, roulette wheels, and live-player games. This has helped it get more and more users. With a no-KYC protocol and an easy onboarding process, the platform’s focus on user convenience and security has appealed to newcomers and seasoned crypto enthusiasts. Strong encryption protects user information and payments, and TG.Casino has ensured the gambling experience is safe and easy to use.
The TGC token is used for all TG.Casino transactions. With a 316% annual percentage yield (APY) on investments, the pre-sale saw a lot of tokens placed, indicating interest in the project.
The buyback mechanism guarantees price stability and attractive incentives, highlighting the TGC token’s vital role in creating a lively and dynamic gaming environment inside TG.Casino.
With a booming pre-sale, TG.Casino has shown that it is a real contender in the world of crypto gaming. As the platform grows, its goal is to offer a safe and varied game experience within the Telegram environment. As you keep an eye out for a Cronos price rise, joining the TG.Casino group could position you for massive future rewards.
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