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Cronos introduces new prepaid card withdrawal features

Cronos , a leading blockchain ecosystem, has unveiled new prepaid card fund withdrawal features, according to the most up-to-date reports shared with Finbold on Thursday, February 27. Developed in partnership with Crypto.com, the new withdrawal feature is an important milestone not just for Cronos but the broader crypto industry , helping bridge traditional (TradFi) and decentralized finance ( DeFi ). Looking ahead, Cronos has also hinted at an automatic transfer system for DeFi yields, which would allow users to route their Cronos staking rewards and other earnings while topping up their Crypto.com prepaid card. New Cronos prepaid card withdrawal features By connecting their Web3 non-custodial wallets on the Cronos Ethereum Virtual Machine (EVM) or Cronos Zero-Knowledge Ethereum Virtual Machine (zkEVM) to a Crypto.com prepaid card, users can top up from Cronos EVM or Cronos zkEVM to Crypto.com crypto wallet and then back to Crypto.com prepaid card with just one click. Tokens not directly supported are automatically swapped into USD Coin ( USDC ) or Ethereum ( ETH ). Ken Timsit, Head of Cronos Labs, noted the convenience associated with seamless crypto cash-outs, stating: In eliminating the wait times and multiple steps usually required when cashing out, Cronos is bringing DeFi closer to everyday life. As a result, users can hold their digital assets for longer in the knowledge that they can easily withdraw funds at any time. Simplified crypto off-ramping Converting crypto to fiat is typically a multi-step process that entails transferring funds to a centralized exchange (CEX) and waiting for bank clearances. To tackle such issues, Cronos now allows users to off-ramp their crypto while topping up a Crypto.com prepaid card. The feature will be available on both the Cronos EVM and Cronos zkEVM, both high-performance Layer-2 ( L2 ) networks powered by zkSync technology . Ethereum users especially are well-positioned to benefit from it given Cronos zkEVM’s direct bridge to Ethereum, which enables seamless fiat off-ramping to the Crypto.com prepaid card. The post Cronos introduces new prepaid card withdrawal features appeared first on Finbold . CoinTurk News

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Is Dogecoin (DOGE) Ready for a Comeback? Analysts Share Insights

TL;DR Bullish signals suggest a Dogecoin revival, with a breakout above $0.29124 potentially pushing the price to $0.50-$0.60. However, concerns arise as DOGE’s network activity and futures trading volume plummet, with warnings of a potential crash to $0.06 if the valuation drops below $0.19. Can the Bulls Retake Control? The past few days have been devastating for the cryptocurrency market, with the prices of numerous leading digital assets crashing by double digits. One of the worst affected was Dogecoin (DOGE), whose valuation is down almost 20% on a weekly scale and currently trades at roughly $0.21. DOGE Price, Source: CoinGecko Some analysts , though, believe the bearish trend might soon be over. The popular X user Ali Martinez claimed that the meme coin appears ready for a rebound as the TD Sequential indicator flashes a buy signal on the daily chart. Rose Premium Signals also outlined a bullish forecast. The industry participant assumed that DOGE approaches “a key reversal zone,” claiming that a breakout above $0.29124 could confirm a rally toward new peaks. The X user thinks the long-term targets sit at around $0.50-$0.60, with the potential for further upside. “If momentum continues, Dogecoin could reclaim its meme coin throne and push toward higher levels,” they concluded. The Bearish Scenario Contrary to his optimistic prediction, Martinez recently presented some worrying data involving the biggest meme coin in terms of market capitalization. He estimated that Dogecoin’s network activity has dwindled in the past few months, with new addresses dropping from almost 1.3 million in November 2024 to just 30,815 as of today (February 27). Additionally, DOGE’s total futures trading volume has tumbled from $58.2 billion in November last year to just $992 million on February 26. These developments typically signal reduced user engagement, which could be interpreted as bad news from investors and hamper interest in the meme coin. Earlier this week, Martinez saw a probability of a DOGE price crash to as low as $0.06. He believes this could happen if the price plunges below $0.19. As mentioned above, the valuation plummeted substantially in the past few days but did not go below the depicted mark. The post Is Dogecoin (DOGE) Ready for a Comeback? Analysts Share Insights appeared first on CryptoPotato . CoinTurk News