The Cronos (CRO) token is poised for further traction, thanks to a strategic alliance between Crypto.com and 21Shares.
CRO price hovered above $0.10 on Tuesday as the market braced for the Fed’s rate decision.
And with the partnership set to democratize access to the Cronos blockchain, CRO’s outlook could be looking at a new bullish catalyst.
According to details, the collaboration between Crypto.com and 21Shares marks a significant step in bridging traditional finance with blockchain innovation.
In their announcement, the two firms said the focus is on new investment products designed to provide institutional-grade exposure to CRO.
These include a dedicated CRO private trust and an exchange-traded fund (ETF), which aim to offer transparent, regulated avenues for investors to participate in the Cronos network.
By mainstreaming access to these assets, the initiative seeks to attract a broader spectrum of institutional and retail participants, fostering greater liquidity and adoption within the ecosystem.
Echoing this sentiment, Eric Anziani, President and Chief Operating Officer of Crypto.com, highlighted the alignment with broader industry goals:
Crypto.com has hit some notable milestones in the past few months, including the mega $6.4 billion Cronos Treasury deal with Trump Media Group.
As well as other initiatives to support the Cronos chain, this latest alliance brings more than further visibility for the token.
It positions CRO as a top asset for cross-chain activities, including DeFi lending and staking.
With Crypto.com’s vast user base and 21Shares’ footprint in the market, Cronos could see accelerated on-chain activity. This, in turn, could drive significant value accrual to the token.
Despite the latest market weakness, the Cronos token is exhibiting resilient price action.
In recent sessions, CRO traded to above $0.11. As Bitcoin and top coins dipped on Monday, the altcoin found notable support at the $0.10 level.
Possible drivers of bullish resilience for the token include broader market tailwinds.
There’s also the launch of the private trust and ETF products, stablecoin adoption, lending, and collaborations across real-world asset (RWA) tokenization.
From a technical standpoint, CRO needs a decisive close above the $0.12 level.
If this happens, bulls will target the $0.20 mark. On the flipside, a breakdown to $0.09 could open up a fresh onslaught by bears.
The post CRO price outlook as Crypto.com and 21Shares partner appeared first on CoinJournal.

