Crypto.com Coin Price in Shambles
Crypto.com coin Cronos (CRO) has suffered a major downturn in the crypto market. CoinDesk reported it is down by more than 96% since last year.
Apart from its price, Cointelegraph reported that the cryptocurrency's funding rates have reduced by more than 3%. Funding rates are recurring payments made by traders based on the difference between the spot and futures market prices.
In the past 24 hours, Cronos has increased by more than 4%, and investors will likely want it to continue in the pattern after a bad year.