Cronos Surges on Ult App Rebrand and Buyback Proposal

Cronos (CRO) has seen a modest surge of 3.12% over the last 28 hours, driven by several project-specific catalysts.

The rebranding and expansion of Cronos' consumer app, dubbed 'Ult', is set to launch on September 17, which may attract speculative flows into CRO as traders position ahead of the date.

Cronos will also introduce prediction and sports markets inside the Ult app on September 17, allowing users to trade event contracts and sending activity through Cronos infrastructure.

A proposal to channel all revenue from Ult and Cronos Launch into CRO buybacks has been put forward, which could drive demand for the token over a 1-2 day window.