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TürkçeCronos Bridged USDC (Cronos) Information
Cronos Bridged USDC is a key player in the expanding ecosystem of the Cronos blockchain, designed to facilitate seamless transactions and enhance user experience. By bridging the well-established USDC stablecoin with the Cronos network, it offers a reliable solution for users seeking to engage in decentralized finance and other blockchain applications. The integration of USDC within Cronos not only emphasizes stability but also fosters greater accessibility and liquidity in the growing crypto market.
Understanding Cronos Bridged USDC (Cronos)
Cronos Bridged USDC (Cronos) is a stablecoin that has garnered attention for its role in the expanding decentralized finance (DeFi) ecosystem. Aimed at providing a stable digital dollar, USDC operates on various blockchain networks, and its integration onto the Cronos blockchain expands its usability for investors and traders alike. With a current price hovering around $1.002 and a total circulating supply of 129,445,548 USDC, Cronos has shown resilience in maintaining its value close to that of a traditional US dollar.
Historical Performance
The price history of Cronos Bridged USDC reflects the overall stability one would expect from a well-established stablecoin. Its all-time high (ATH) reached $1.063 on March 5, 2024, which indicates a percentage drop of approximately 5.85% since then. Conversely, the coin's all-time low (ATL) was recorded at $0.940359 on April 13, 2024, showcasing its potential volatility despite being a stable asset.
The market capitalization of Cronos USDC currently stands at approximately $129.5 million. On average, its trading volume has seen fluctuations, with recent metrics indicating a total volume of about $4,865,694 over the last 24 hours. Such numbers point towards a moderately active trading environment that, while stable, can be sensitive to market sentiment.
Advantages of Cronos Bridged USDC
One of the primary advantages of Cronos Bridged USDC is its inherent stability, which is essential for users looking to avoid the inherent volatility of other cryptocurrencies. The interoperability of USDC across multiple platforms enhances its utility, especially within the DeFi space – allowing seamless transactions and liquidity provision.
Additionally, Cronos provides users access to a suite of decentralized applications (dApps) while ensuring the security of their assets. The integration of Cronos on the Crypto.com ecosystem adds credibility and promotes user confidence, as the platform has undergone extensive security audits. This trust plays a significant role in its adoption.
Challenges and Considerations
Despite the benefits, Cronos Bridged USDC also faces challenges. Being a stablecoin, it primarily relies on the governance and backing of fiat currencies, which can lead to regulatory scrutiny. Additionally, while its design promotes stability, the overall crypto market's fluctuations can affect user sentiment and trading activity. The relatively low market cap compared to other major cryptocurrencies could also influence liquidity and price resilience during market downturns.
Future Outlook
The future prospects for Cronos Bridged USDC appear promising, especially as the decentralized finance sector continues to mature. As more users adopt blockchain technology and seek stable alternatives for storing value, Cronos USDC has a solid foundation to capture a larger share of the market.
Moreover, with ongoing developments within the Crypto.com ecosystem and broader blockchain integration efforts, Cronos could see increased utility and broader adoption. However, it will be essential to closely monitor regulatory developments and market conditions that may impact its performance.
Conclusion
Cronos Bridged USDC presents a stable and viable option for those looking to participate in the cryptocurrency ecosystem without the rollercoaster of typical crypto assets. With its established position on the Cronos chain, it harnesses both the benefits of stability and the innovative potential within the DeFi arena. As we move forward, its ability to adapt to changing market conditions and regulatory landscapes will be critical for its sustained success.
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from price
$1
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General Information |
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Title
Cronos Bridged USDC (Cronos)
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Symbol
usdc
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Whitepaper
-
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Website
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Community
-
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
0.999272
$
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High 24h
1.018
$
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Low 24h
0.989184
$
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Price Change 24h
0.0052567
$
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Price Change % 24h
0.52883
%
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Market Data |
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Market Cap
129490895
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Total Volume
5596035
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Market Cap Change 24h
137070
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Market Cap Change % 24h
0.10596
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
129445548.31554
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Total Supply
129445548.31554
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Max Supply
-
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Historical Data |
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All Time High (ATH)
1.063
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ATH Change %
-5.88654
%
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ATH Date
2024-03-05 00:13
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All Time Low (ATL)
0.940359
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ATL Change %
6.41823
%
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ATL Date
2024-04-13 20:14
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