With a surge in price and market capitalization by more than 7% and 15%, respectively in the past 24 hours, Crypto.com Coin (CRO) has gained the 12th position in the world’s top-20 cryptocurrencies in terms of market capitalization. The coin has replaced Shiba Inu (SHIB) which has now slipped to the 13th position.
CRO took over SHIB recently but around 9 AM GMT+5:30, the SHIB regained its rank. But SHIB couldn’t survive for long in front of the burning heat of CRO. SHIB has slipped by 41% in the last 30 days after rising by more than 800% in the month of October.
On the other hand, CRO has risen from 0.65 to $0.92 this week, marking a new all-time high at $0.92, at the time of publication. It has seen five continuous huge green candles on the weekly chart and surged its price by more than 300% in a month.
CRO’s latest partnerships contributed to the surge
The market cap of CRO is roaming around $22.2 billion whereas SHIB currently has a market cap of $21.5 with a price down by 6.5%.
The continuous upward rally of the coin can be attributed to the partnerships platform has recently made. Crypto.com recently announced its partnership with the MMA promotion and is seeking to release UFC NFTs. The digital asset provider has also signed a huge $700 million deal with AEG to rename the Staples Centre for 20 years. These increased activities along with the use cases have surged the price of the token.
On the other hand, meme token Shiba Inu seems to be losing its craze. However, after going down one position in the biggest cryptocurrency list, the huge SHIB community is trying to cheer itself up. A user on Twitter claimed that SHIB is coming back to 8th position really soon.
As the bulls are returning after the recent market correction, we can expect CRO crushing some more spots to mark itself under the top-10 biggest crypto tokens.