Trump Media and Crypto.com Deal Sends Cronos Sky-High: These 3 Altcoins Could Be Next

In a surprising move, Trump Media and Technology Group Inc. and Crypto.com announced a landmark partnership.

The new joint venture will be the ‘first and largest publicly traded CRO treasury company,’ with a value of at least $6.42B. The new company will trade under the ticker MCGA, which stands for ‘Make CRO Great Again.’

As part of the deal, Trump Media will purchase approximately $105M worth of Cronos ($CRO), the native token of the Cronos Chain. In turn, Crypto.com will buy $50M of Trump Media stock.

The new company plans to acquire 6.3B tokens right away, which is a huge 19% of the total supply. An affiliate of Yorkville will also support the venture with an additional $5B equity line of credit.

This unprecedented collaboration shows that major companies are starting to adopt digital assets as a core component of their financial strategy.

It also bodes well for top altcoins (like Best Wallet Token) due to increased attention from retail and institutional investors

The Market Reacts: $CRO Skyrockets

The announcement sent waves through the market, and Cronos quickly benefited with an impressive 135%, soaring from about $0.16 to a new yearly high of $0.376961.

This shows that investors are excited about the partnership and its potential for $CRO’s future.

Trump Media’s decision follows a previous announcement where the company declared its intent to buy $2B in Bitcoin.

1. Unlock Your Web3 Potential with $BEST

Step into the future of crypto with the Best Wallet Token ($BEST), the powerful engine behind the acclaimed Best Wallet platform. Best Wallet is a comprehensive Web3 crypto wallet designed to simplify and supercharge your crypto journey.

Buy, sell and HODL crypto tokens on 6 major chains (including Ethereum, Bitcoin, and Solana), with future staking features, and market analytics.

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2. Experience the Creator Revolution with $SUBBD

If you’re tired of traditional platforms taking a massive cut from creators, then get ready for a game-changer: SUBBD, powered by the $SUBBD Token.

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3. Waddle into a New World with $PENGU

The adorable, kawaii Pudgy Penguins have waddled off the Ethereum blockchain and into a new era with their official token, $PENGU.

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While the token currently serves as a meme and community asset, the team has outlined ambitious plans for its future utility, including as currency within the ‘Pudgy World’ virtual environment and for governance, giving holders a real say in the project’s direction.

With a limited supply and strong community backing, $PENGU is a ticket to a brand that has successfully transcended the crypto space and is becoming a mainstream cultural phenomenon.

Big Moves: Time for You To Plot Your Course

The groundbreaking partnership between Trump Media and Crypto.com isn’t just a single story, but a clear continuation that major institutions are jumping into the crypto world.

As these major players make their move, they pave the way for exciting new projects, like Best Wallet Token ($BEST), SUBBD ($SUBBD), and Pudgy Penguins ($PENGU). Each of these tokens shows a different part of this fast-moving market.

With the crypto world changing so fast, opportunities are everywhere, but so are the risks.

Remember, this isn’t financial advice, and before you invest in any project, you should do your own research.