Why Cronos Is Skyrocketing Today

Cronos (CRYPTO: CRO) is flying higher on Wednesday, up 20.6% in the last 24 hours as of 3:49 p.m. ET. The spike comes as the S&P 500 and the Nasdaq Composite made modest gains.Cronos, Crypto.com's digital token, is continuing to rise after it was revealed yesterday that Trump Media & Technology and Crypto.com are teaming up to create a new entity that the companies will take public.Trump Media is teaming up with Crypto.com to form a new venture that will go public through a merger with Yorkville Acquisition, a special purpose acquisition company (SPAC). The new entity will trade under the ticker MCGA and will acquire Cronos as a treasury asset.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool