Cronos price fails to recover despite network upgrade

Crypto.com’s Cronos chain completed its mainnet upgrade on Wednesday. The mainnet upgrade enhanced Cronos’ compatibility with decentralized applications. CRO price lost nearly 2% of its value in the past day. Cronos is an Ethereum Virtual Machine compatible chain in the Cosmos ecosystem. A mainnet upgrade was completed early on Wednesday and the asset’s price declined nearly 2% in the past 24 hours.

Cronos announced in an official tweet that the mainnet upgrade was completed on April 17. And we are back! the upgrade was completed smoothly and all services are online. Thank you for your support :) https://t.co/rMPqcnrkCY — Cronos April 17, 2024 CRO’s blockchain is one of the few chains that exist at the intersection of Ethereum and Cosmos and the open-source blockchain has now improved backward compatibility for dApps. The chain is known for its fast finality and low-cost transactions.

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