A major announcement has sent shockwaves through the crypto market. A partnership between Trump Media and Crypto.com has sparked a significant 29% surge in CRO’s price, according to Santiment data.
Price Trends and Sentiment Correlation
CRO’s price showed fluctuations over recent months. In early October, the asset maintained low price levels with minimal volatility. The situation changed dramatically in early November, when price and social dominance increased sharply. By late November, the price peaked, but in December, a downward trend began, and interest in the token waned.
February and March: Shifting Market Trends
February presented multiple price fluctuations without significant uptrends. Social dominance and trader interest remained low, reflecting a lack of significant news. However, late March saw a sudden shift, with both price and social dominance spiking, though discussions were temporary.
Market and Social Sentiment in Spring
Despite March’s sentiment surge, lower social dominance suggests fleeting discussions rather than sustained trader engagement. This points to a temporary interest in CRO driven by unexpected news.
The partnership between Trump Media and Crypto.com had a substantial impact on CRO, causing a spike in price and discussions. However, due to low social dominance, this interest may be short-lived.
