• CoinMarketCap reports that Cronos (CRO), has seen a drop of 5.5% in price
• Over the past week, CRO holders have been steadily increasing.
• This could indicate that investors are more concerned about the actual project and value than hype.

CoinMarketCap reports that the value of Cronos, a coin previously known as Crypto.com Coin (CRO), dropped by 5.5%. As of this writing, it is at $0.3816. The 24 hour price movement seems to be an extension of the trend seen in CRO’s price over the last 7 days, which saw it drop 8.64% over the last week.

Cronos’ price strength has been weakened in comparison to (BTC), at 0.000009927 BTC. It has been weaker against (ETH), where its value is approximately 0.000134 BTC.

As only $57.212,729 of CRO was traded during the day, so has CRO’s 24 hour trading volume.

CRO’s price dip has, of course, decreased the total market cap of Cronos. However, CRO’s market cap still places it 18th on CoinMarketCap’s list of the largest crypto market caps.

Many members of the crypto community raised concerns about Crypto.com’s excessive spending on its marketing campaign early this year. However, these concerns may not be the driving force behind CRO’s price dip seeing that the entire crypto market is in a bit of a retracement when looking at the bigger picture seen in larger time frames.

The number of CRO owners has increased despite a drop in prices. 254 new CRO holders were added in 24 hours. Investors favor value over hype in the CRO project and this could explain why there has been a steady increase in holders. It could indicate a long-term bullish investment outlook for CRO.

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