Our crypto world analysis column is back, the assets to be analyzed today are Dogecoin (DOGE), Cronos (CRO) and Bonk (BONK).
Prices and market statistics of the crypto Dogecoin (DOGE), Cronos (CRO) and Bonk (BONK)
Let’s start with the price of Dogecoin (DOGE) which is currently at 0.16 USD, with a market capitalization of 23.3 billion USD and a trading volume of 1.5 billion USD in the last 24 hours. With a circulating supply of 144.2 billion DOGE, the average holding time is 85 days. Dogecoin is ranked 8th in popularity and has reached an all-time high of 0.74 USD. In the last day, the price has increased by 0.58%, while in the last week it has recorded an increase of 14.96%.
The price of Cronos (CRO) is currently $0.1323, with a market capitalization of $3,535,570,793 and a fully diluted valuation of $3,971,307,599. The trading volume in the last 24 hours amounts to $12,192,869, while the total value locked (TVL) is $3,148,514. With a circulating supply of 26,708,362,714 CRO and a total supply of 30,000,000,000 CRO. However, the price has experienced a decrease of 0.89% in the last hour. Over a day, it has increased by 0.58%, while in the last week it has seen a rise of 14.96%.
The price of Bonk (BONK) is currently 0.000026 USD, with a market capitalization of 1.7 billion USD and a trading volume in the last 24 hours of 260.5 million USD. With a circulating supply of 63.8 billion BONK, the average holding time is 31 days. Currently, Bonk ranks 58th in popularity, having reached an all-time high of 0.000055 USD. In the last hour, the price has recorded a change of -2.33%, while over the course of a day it has decreased by -2.18%.
The growth of DOGE after being included in TESLA payments
The renowned electric car company led by Elon Musk has officially integrated Dogecoin (DOGE) as a payment option on its website. This month, DOGE has risen by over 35%, with Tesla’s announcement significantly fueling its growth.
Tesla has officially embraced Dogecoin, with the payments page updated to include the famous meme cryptocurrency. The addition specifies that DOGE can only be used to pay for certain products, including items in the Tesla online shop. Users are instructed to look for the Dogecoin symbol next to the “order” button for eligible products.
According to the support page, individuals interested in making a purchase on Tesla’s shop using Dogecoin must first own a “Dogecoin wallet”. A notice also states: “It is the buyer’s responsibility to ensure that the Dogecoin is transferred to Tesla’s Dogecoin wallet accurately.”
Following the announcement, Dogecoin has risen by 21% to $0.1685, currently trading at $0.1672, marking a 4% increase in the last 24 hours, indicative of the market’s favorable response to Tesla’s adoption of the cryptocurrency for payments.
This is not the first time Elon Musk’s companies have experimented with cryptocurrency payments. In January 2022, Tesla started accepting Dogecoin as an experiment, offering various company items in exchange for DOGE. Following suit, SpaceX, another company led by Musk, has embraced payments with Dogecoin.
Looking ahead to March 2024, during Musk’s visit to the Giga factory in Berlin, where he suggested implementing payments with Dogecoin for Tesla’s electric cars. Musk’s statement immediately caused a 10% increase in the price of DOGE.
Analysts suggest that DOGE is on a bullish path. Various indicators related to the Dogecoin ecosystem have recorded significant increases, indicating a positive outlook for the future of the cryptocurrency.
Cronos launches Spring Odyssey
An integration between Layer 1 Cronos blockchain and Galxe, a community building platform, has been unveiled. Users who complete the activities will receive total rewards of $35,000 as part of the Cronos Spring Odyssey campaign.
After the completion of the full integration of Galxe, Cronos is hosting its first campaign, Cronos Spring Odyssey. Thirty projects, including DeFi, NFTs, memecoins, and games, have signed up for this initiative. Veno, Orby, Croskulls, CorgiAI, and Bore Candy are among the projects based on Cronos in the list.
To participate, users must complete a set of predefined on-chain and social activities to receive rewards such as tokens and NFTs. The six-week campaign will start on April 22nd and continue until May 31st.
The first application released on the Galxe platform after its integration with Cronos is Cronos Spring Odyssey. The initiative encourages users to participate in a variety of blockchain projects covering the four main web3 themes: gaming, NFT, DeFi, and Memecoins. Every 10 days a new theme will be introduced, pushing players to complete activities such as loans, lending, staking, and trading.
Participants who complete the tasks associated with each themed week will have the opportunity to receive unique NFTs in addition to token rewards. The purpose of this dual reward system is to enhance the user experience across the entire Cronos network and encourage active engagement. The campaign will promote the numerous projects and use cases that users can experience on Cronos, making their involvement with the platform’s dapps more enjoyable.
Galxe is the main platform available to establish web3 communities. Galxe’s reward-based loyalty programs, with over 14 million unique users, have fueled the expansion of numerous blockchains and over 4,600 partners.
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