Crypto.com’s Cronos price recovers from slump as daily transaction count increases

Crypto.com’s Cronos price could make a recovery as the daily transaction count and on-chain activity on the network increases. Analysts have predicted a trend reversal in Crypto.com’s token driven by a rising number of large volume transactions. 

Crypto.com could make comeback with rising large volume transactions

Crypto.com’s recent partnerships and sponsorships have increased its token’s relevance among investors. Crypto.com powers the F1 Miami Grand Prix, and the event kicked off its campus passes launch today. 

Proponents believe the sale of campus passes has fueled a bullish narrative among investors. There is an increase in the number of large volume transactions in Crypto.com’s network; the daily count increased to 12. This is considered key to Cronos adoption among large wallet investors. 

The rising number of large volume transactions has contributed to an increase in on-chain activity in the Cronos network. 

Analysts have evaluated the Crypto.com CRO price trend and predicted a bullish outlook. A trend reversal in CRO could wipe out losses incurred by holders since the last week of March 2022. 

Gert van Lagen, a crypto analyst, believes Cronos price reveals a bull market structure. The analyst notes CRO price witnessed a flat correction, followed by a higher high and a steep correction. The analyst's targets for CRO price are $1.61 and $2 in the current rally.