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Cosmos (ATOM) ended yesterday with the biggest +6% gain in the top 30 cryptocurrencies, with the now former Crypto.com in second place. The developers renamed the project to Cronos, but left the letter designation of the CRO utility token unchanged.
ATOM yesterday updated the highs of the month with a result of +52%, thanks to the activity of developers in uniting many independent blockchains into one ecosystem.
It includes Cronos, and the Terra network became the largest project in terms of liquidity, where validators blocked $ 30 billion in staking, surpassing Solana in this parameter.
The reason for yesterday’s growth of ATOM is the presentation of new milestones in the development of Gravity Bridge. It is the main bridge for transferring digital assets from the Cosmos blockchain to the Ethereum blockchain. At the moment, users can use the native ATOM token in various DeFi projects of the second largest network in terms of capitalization.
The name Crypto.com disappeared from the cryptocurrency quotes table and Cronos appeared in its place. The multi-purpose cryptocurrency exchange decided to single out the Crypto.com Chain, a blockchain created on the Cosmos platform, as a separate brand.
The Cronos development team will introduce new network features in the near future. The CRO token will still remain the native cryptocurrency of this project, which is directly connected to the exchange. The rebranding raised its rate by 3%, the best second result is simple in the top 30 rankings.
CRO may continue this trend if investors are positive about Crypto.com’s acquisition of the Nadex derivatives exchange for $216 million. This American exchange has become known as the only licensed binary options trading platform.
Now they are banned in almost all countries, as well as their advertising on the Internet. The few forex brokers that provide access to binary options have had to change their name to various other terms.
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