Cronos Hits $0.35 After Surging 58% in 24 Hours: Best Altcoin to Buy?

The broader crypto market is recovering from the August 25th dip, growing by $150 billion in just 48 hours. With sentiment transitioning from neutral to bullish, utility tokens are rapidly attracting attention.

Among the biggest winners, Crypto.com’s native token Cronos (CRO) has exploded in value this week, growing by 58% today alone. The sudden surge came after Crypto.com partnered with the Trump Media Group to establish a massive CRO treasury.

With the partnership enhancing CRO’s utility and the token’s spot ETFs on the horizon, it seems well-positioned for long-term growth. Let’s take a closer look at the now fifteenth-largest cryptocurrency to explore how high it could go in this current cycle.

Trump Media Group’s $6.4B Planned Investment Propels Cronos – How High Can it Go?

Entering August 21st priced at $0.1419, Cronos has achieved tremendous gains over the week. Following today’s 58% gains, it is up 151% in the past seven days.

The move helped Cronos breach the $0.35 level after it spent over three years consolidating below $0.21. Additionally, it saw CRO flip Stellar (XLM) and enter the top 15 cryptocurrencies list, boasting a market cap of $11.9 billion.

The news of a partnership between Trump Media Group, Yorkville Acquisitions, and Crypto.com sparked the rally once Crypto.com announced it on August 26th.

🚨 Breaking News:

Today is a historic day for $CRO

Trump Media Group CRO Strategy has announced $6.4B in funds to build America’s Cronos Treasury.

At closing, Trump Media Group CRO Strategy is expected to be the world’s largest holder of CRO.

Read the press release for more… pic.twitter.com/QQrSZLlKu4

— Crypto.com (@cryptocom) August 26, 2025

The three companies entered an agreement to establish the largest CRO corporate treasury via Trump Media Group CRO Strategy Inc. According to Crypto.com, the newly established entity will become the world’s largest holder of CRO, investing at least $6.42 billion into the token.

Earlier this year, the same companies partnered to support an “America-First” ETF basket. These ETFs consist mostly of US-based cryptocurrencies, including Cronos. If approved, they could open the doors to billions in institutional investments for Cronos in the future.

While the partnership makes headlines with its massive investments, Cronos’ expanding utility may also positively impact its price.

Following the August 26th update, Cronos is now also a utility token of Truth Social and Truth+. As such, it lets the social media platform’s users convert their in-app rewards into CRO. Plus, CRO’s integration into the platform introduces free or discounted subscriptions and service payments via Crypto.com’s digital wallet infrastructure.

While these bullish developments pave the way for Cronos’ surge in the long term, the current buying pressure is slowly becoming exhausted. Reaching a Relative Strength Score (RSI) of 82.61 following today’s surge, CRO now stands in overbought territory. Additionally, its long/short ratio has plunged to 0.66, with over 60% of CRO traders maintaining short positions.

Despite the bearish pressure, crypto expert CW believes CRO has set its sights on $0.42. Calling the level a “sell wall,” he anticipates heavy resistance for buyers, which could mark CRO’s short-term top.

While short-term resistance may limit CRO’s immediate gains, the market’s growing interest in utility-driven opportunities puts a spotlight on another exciting project.

Best Wallet’s Utility Token Raises $15M in This Year’s Hottest Presale

As the demand for tokens offering tangible benefits, such as CRO, rises, the Best Wallet Token (BEST) thrives in presale. Like CRO, it offers real utility as it is central to Best Wallet, one of the fastest-growing crypto wallets on the market. The presale for its native token allows investors to get in early and reap the benefits of a potential CRO-like pump.

Designed to meet the growing needs of DeFi users, Best Wallet is a mobile-first, multi-chain wallet that saw its user count grow by over 842% since October 2024. It offers access to over 90 blockchains, 330 DEXs, and 30 bridges at cost-effective rates and fees.

Following its utility token’s release, users holding BEST will face even lower fees while buying, swapping, or selling tokens via its Best DEX. Plus, they will benefit from low-to-no fees while using the wallet’s upcoming crypto debit card.

Best Wallet’s presale-tracking feature, Upcoming Tokens, will also get a significant upgrade once BEST goes live. Holding BEST will help its users enter upcoming presales in “Stage 0,” giving them an edge in the market.

Beyond these benefits, analyst Borch Crypto points out that holding BEST unlocks governance rights, higher staking rewards, and more.

Raising $15 million in presale as Best Wallet grows at a rapid rate, BEST’s early days signal a promising future is ahead. Investors looking to join at the lowest entry point need to act quickly, though, as its per-token price is set to increase tomorrow.