Cronos Continues to Rise, Will CRO Hit $0.1?

• Cronos (CRO) has seen massive gains in the last 24 hours.
• According to CMC CRO has increased by 6.27% at the time of writing.

Cronos (CRO), the native cryptocurrency of the Crypto.com exchange, continued to rise in value. The current Cronos (CRO) price is $0.07999, and there has been $107,189,403 worth of trades in the past 24 hours. In the past 24 hours, Cronos  has increased by 6.27% as per the CMC.

Layoff Continues

Cronos is an open-source blockchain that enables payments through the Crypto.com Pay mobile app. However, the project focus has been upgraded and redesigned to include Web 3 and NFTs using the Cronos blockchain, which is Ethereum-compatible. 

With its eight-year carbon removal agreement with Climeworks, Crypto.com recently made an important step against climate change. As per reports, CRO rose on Monday after knowing of the agreement. Intending to reduce emissions, the platform has partnered with a variety of companies that provide carbon removal services, government representatives, as well as some of its partners, like Shopify.

Due to ongoing economic difficulties and unplanned business events, Crypto.com revealed last week that it will be reducing its global workforce by about 20%. This is Crypto.com’s second significant layoff since mid-2022 when it laid off about 260 workers or nearly 5% of its staff. 

The cryptocurrency exchange announced a smaller 5% staff layoff in June of last year, which resulted in the loss of 260 employees. These layoffs, according to the CEO, helped the exchange to overcome the crypto winter.