With the announcement from the crypto exchange Crypto.com, the price of the exchange’s local altcoin Cronos (CRO) increased. The price of the token has risen to its highest level since its debut on November 11 at 0.09 dollar and is trading at 0.8133 dollar at the time of this writing.
The concept of sustainability is becoming more and more important in the cryptocurrency industry. Ethereum switched to the Proof of Stake consensus mechanism last year to reduce overall energy use and become more environmentally conscious.
This trend has been echoed by other crypto blockchains and protocols, with the latest being Crypto.com’s eight-year decarbonization agreement with Climeworks to neutralize the platform’s direct carbon emissions. After the announcement was made on January 16, the price of CRO has seen a huge increase.