What are the latest crypto news and price performances of Dogecoin (DOGE), Cronos (CRO) and Ethereum (ETH)?
Below is a quick overview.
Summary
Dogecoin, Cronos and Ethereum: the latest crypto news
When it comes to Dogecoin, there doesn’t seem to be much movement. Viewing the official account dedicated to the memecoin par excellence, the last tweets date back to April, a full two months ago.
On the other hand, the one who has continued to consider it in his tweets followed by 143.5 million followers is Mr. Elon Musk.
Not coincidentally, just late last May, the Tesla CEO spoke in an interview with WSJ about how Dogecoin is his favorite crypto because it has “the best humor and it has dogs.” This came after his disclaimer about how he was not making any investment advice.
Earlier this month, Musk again received new insider trading charges against him for manipulating the price of DOGE from 2021 to the present.
With regard to Cronos, the Accelerator program supporting startups wanting to build dApps on the blockchain, it won a special sponsor this month: Google Cloud.
As for Ethereum (ETH), it was recently mentioned directly by its co-founder Vitalik Buterin, who talks about three elements needed to ensure the future of the crypto.
Basically, Buterin believes that Ethereum’s success will depend on three important technical “transitions” that will have to occur almost simultaneously:
- Layer-2 scalability;
- the security of wallets;
- privacy-preserving features.
Dogecoin, Cronos and Ethereum: the price performance of the 3 crypto assets
All the three crypto assets of Dogecoin (DOGE), Cronos (CRO), and Ethereum (ETH), have experienced a price dump in the past month, confirming the general bear market trend of cryptocurrencies.
Specifically, DOGE saw a -17% drop, with the price dropping $0.07218 to the current $0.06006. The largest drop in DOGE’s price occurred on both 5 June and 10 June.
Dogecoin is the eighth-largest crypto by total market capitalization, which amounts, at the time of writing, to over $8 billion.
Turning to Cronos (CRO), the crypto of the popular crypto-exchange Crypto.com, the price dump over the past month has been -18%, with the day of 9 June appearing to be the worst.
Overall, the price of CRO has dropped from $0.063 to $0.051. CRO is 34th in the crypto rankings by market capitalization, which, as of today, stands at over $1 billion.
Finally, Ethereum (ETH), recorded a 10% price dump from the previous month, but with a different curve than the other two previous crypto assets. And indeed, until 10 June, ETH was also reported to be in a bullish trend.
It has been since Monday that ETH has been on a downward trend, falling from $1830 on Sunday to the current $1630.
Crypto.com’s decision to stop operating in the US
Last week, the US Securities and Exchange Commission (SEC), targeted major crypto-exchanges Binance and Coinbase, also accusing them of offering crypto as unregistered securities.
In this regard, since the list of crypto-assets defined as securities by the SEC also includes SOL, ADA, and MATIC, Crypto.com has seen fit to become the agency’s next target.
It was just two days ago that, in a surprising twist, Crypto.com announced that the name of the sports and entertainment arena in Los Angeles will remain unchanged, but that the trading platform will no longer operate in the United States.
Specifically, Crypto.com announced that it will discontinue its institutional exchange service for professional customers starting 21 June 2023. In contrast, users of the mobile application will be able to continue using it.
Roger Ver: Ethereum is the leading crypto for mass adoption
Earlier this month, the nicknamed “Bitcoin Jesus,” Roger Ver, said that although Ethereum is not the leading crypto by market capitalization, it is nonetheless the leading crypto for mass crypto adoption.
Ver recounted how, in the beginning, Vitalik Buterin’s idea was rejected by the Bitcoin core developers and how it had then developed into the Ethereum Blockchain, with Smart Contracts and the Virtual Machine.
In addition to praising the Ethereum blockchain, the strong supporter of Bitcoin Cash, Ver, also expressed his positive thoughts for all EVM-compatible blockchains, such as Polygon (MATIC).
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