Cronos (CRO) has seen a 7% increase in price following the Interchain Hackathon, a platform for innovation and problem-solving in the crypto industry. The event, which requires an application to attend, brings together developers, designers, and enthusiasts interested in decentralized finance, gaming, and modularity. The hackathon will take place over two days in Seoul, South Korea, and will feature a technical workshop led by developer Jong Whan.
Cronos is significant in the Cosmos network and uses the Cosmos SDK platform to enable the creation of new blockchains. The collaboration between Cronos and Cosmos facilitates the Inter-Blockchain Communications protocol (IBC), linking Cronos’ Ethereum Virtual Machine (EVM) with the Cosmos chain. The native token, CRO, is used for mainnet usage, transaction settlement, and network fee payments.
The price of CRO currently stands at $0.052, with a 5% increase on the day. If the momentum continues, CRO could breach the 50-day Exponential Moving Average (EMA) at $0.054 and potentially reach the $0.100 target. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate a bullish market, but there is still a risk of correction.
For those considering investing in CRO, an alternative is Bitcoin BSC (BTCBSC), a new project built on the BNB Smart Chain. BTCBSC aims to provide investors with high staking rewards and is currently in the presale stage. The project offers interoperability with other Binance Smart Chain (BSC) dApps and features an eco-friendly stake-to-earn model. Don’t miss out on the BTCBSC rally.
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