The way forward for the web – web3 – will probably be powered by cryptocurrencies. It’s more likely to be truthful and equitable, owned by the builders, creators and the customers. To assist on this future, Crypto.com seeks to place cryptocurrencies in each pockets by way of its cost, buying and selling, and monetary options. Let’s find out how.

Crypto.com: An Introduction

• Crypto.com was constructed to speed up crypto adoption by way of its huge spectrum of companies, together with:
• A pay as you go Visa card that provides 5% worth again in Crypto.com’s native tokens, together with different advantages
• Digital wallets – software-based options that retailer customers’ cost info and passwords
• A platform/change for getting and promoting cryptocurrencies

A not too long ago launched NFT market

Moreover the above, its chain – the Cronos chain – is the decentralized open-source blockchain that hosts the Cronos Pay cell funds app and its Cronos (CRO) token. It is among the many merchandise developed by Crypto.com to speed up crypto adoption globally to assist folks lend better management over their cash, safeguard their information and consumer identities.

In 2021, Crypto.com  purchased the naming rights to a Los Angles area, dwelling to NBA’s Lakers and different professional sports activities groups, beforehand referred to as Staples Heart, in a $700 million deal in November 2021. Crypto.com can be creating waves with its new advert marketing campaign that includes Matt Damon referred to as “Fortune Favours the Courageous”.

CRO token

CRO is the native token of the Crypto.com change. It was rebranded final week from Crypto.com Coin to Cronos. It’s a versatile token supposed for use in funds. Cronos token provides the companies accepting the token the perk to obtain funds in stablecoins or fiat, eliminating the volatility dangers related to crypto. Cronos token holders can get reductions whereas buying and selling on Crypto.com. They will additionally stake their Cronos tokens to earn a ten% curiosity and even get a premium Visa card.  The present circulating provide of the Cronos token is over 25.26 billion, whereas its whole provide is hard-capped at 30.26 billion.

Quick Time period Technical Evaluation

CRO token is priced at $0.417 at the moment with a 8% achieve. It’s at present a prime 20 cryptocurrency with a market cap of greater than $10 billion.

CRO is buying and selling inside a broadening wedge it has shaped since December, and could also be developing for one more retest of the confluence of resistances from the wedge’s edge and the .236 retracement of its current drop (at $0.47).

Supply: TradingView, Huobi

One other rejection right here might ship it on its strategy to a possible double backside at $0.32.

Future Potential

CRO token was a prime performer amongst cryptocurrencies in 2021. It practically cracked $1 with an all-time excessive of $0.96 in November final 12 months. The sell-off on the finish of 2021 damped its prospects because it continues to slip in 2022. Regardless of the decline, Cronos is more likely to cross the $1 mark in 2022, given the truth that Crypto.com continues to develop its userbase. It’s at present the ninth largest crypto change globally by buying and selling quantity with a consumer base of over 10 million.

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Disclaimer: This text was authored by Giottus Cryptocurrency Change as part of a paid partnership with The Information Minute. Crypto-asset or cryptocurrency investments are topic to market dangers comparable to volatility and haven’t any assured returns. Please do your individual analysis earlier than investing and search unbiased authorized/monetary recommendation if you’re not sure concerning the investments.