Cronos Price Rallies 5% as Trump’s Truth Social Moves to Launch Prediction Markets With Crypto.com

Key notes

• Trump Media plans to launch a Truth Predict app that will allow users to trade prediction contracts related to politics, sports, and commodities.
• Truth Social users will convert Truth Gems into Cronos tokens to participate in prediction market contracts through the platform.
• Cronos’ market cap reaches $5.76 billion with trading volume up 249%, entering the top 25 cryptocurrencies ahead of Toncoin and Zcash.

Cronos

Crow
$0.15



24-hour fluctuations:
0.1%


Market value:
$5.42 billion



Vol. 24 hours:
$67.18 million

The price rose 5% on October 28, outperforming Bitcoin

Bitcoin
113 108 dollars



24-hour fluctuations:
1.1%


Market value:
$2.25 T



Vol. 24 hours:
$64.71 billion

And Ethereum

Ethereum
$3984



24-hour fluctuations:
3.5%


Market value:
$479.97 billion



Vol. 24 hours:
$34.54 billion

following Trump Media’s announcement that its social media platform, Truth Social, will offer prediction markets in partnership with Crypto.com.

According to the official statementTruth Social users will be able to trade prediction contracts related to politics, macroeconomic indicators, commodities and major sporting events through a new product called Truth Predict.

“We are thrilled to become the first publicly traded social media platform in the world to provide our users with access to prediction markets,” said Devin Nunes, Chairman and CEO of Trump Media. “Truth Predict will allow our loyal users to participate in prediction markets while leveraging our social media community to compare their ideas.”

Chris Marszalek, CEO of Crypto.com, added that the collaboration is perfectly in line with what users are looking for in social media. He described prediction markets as a “tens of billions of dollars industry,” emphasizing Crypto.com’s goal of integrating social engagement with blockchain-based market sentiment tools.

The feature will enter beta testing soon before expanding to global markets, allowing Truth Social and Truth+ users to convert Truth Gems earned on the platform into Cronos tokens to participate in Truth Predict contracts.

The initiative relies on previous agreements Trump Media and Crypto.com to create a CRO-focused digital asset treasury company and an integrated rewards ecosystem across Truth’s platforms.

Cronos approaches $6 billion market cap as traders react to October campaign

Beyond the Truth Social partnership, Cronos has taken another step towards consolidating its dominance in decentralized finance (DeFi). Through collaboration with Morpho Labs and Crypto.com earlier in October. The new Morpho Vaults feature enhances liquidity and lending capabilities by enabling users to lend pooled assets, strengthening the CRO use case among over 150 million Crypto.com users.

On October 24, Crypto.com has applied for a National Trust Bank charter From the US Office of the Comptroller of the Currency (OCC). If approved, this charter will enhance custody and settlement capabilities, and extend institutional services for assets built on the Kronos (CROUSD) network.

According to CoinMarketCapCronos is trading at $0.1598, up 5.38% in 24 hours, with a market cap of $5.76 billion. Trading volume increased by 249% to reach $73.16 million. The increased volume highlights intense buying activity following the Truth Predict announcement, pushing Cronos into the top 25 ranked projects, ahead of Telegram-linked Toncoin, and prominent privacy coin Zcash.

Like you
$318.3



24-hour fluctuations:
7.5%


Market value:
$5.18 billion



Vol. 24 hours:
$664.79 million

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Pepe node pre-sale is gaining momentum as token markets expand

The Kronos price surge extended the speculative momentum of early-stage meme projects like Pepe Node.

Pepe Node allows users to own virtual coin mining rigs, merge nodes for higher returns, and earn staking rewards of up to 652%.

Baby knot pre-sale

Currently priced at $0.0010, the presale has raised more than $1.97 million of its $2.14 million goal. Investors can still participate via the official Pepe Node website before the next price level update.

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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.

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Ibrahim Ajibade is an experienced research analyst with a background in supporting several startups and financial institutions in the Web3 space. He has his undergraduate degree in Economics and is currently studying for a Masters in Blockchain and Distributed Ledger Technologies at the University of Malta.

Check him out Ajibade on LinkedIn.