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Why Cronos Is Skyrocketing This Week

TheMotleyFool

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Cronos (CRYPTO: CRO) has been one of the hottest gainers in the crypto market over the last week of trading. The company's share price had risen 100% over the last seven days of trading as of 6:15 p.m. ET Saturday.

Cronos has seen massive gains this week thanks to news that the cryptocurrency will be a key holding for a new crypto-treasury company connected to President Trump that looks poised to launch in the near future. As of this writing, Cronos has a market capitalization of roughly $10.5 billion and ranks as the 17th-largest cryptocurrency by valuation.

Image source: Getty Images.

Source Fool.com

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