Crypto.com is a pretty well-known platform. Does this make its native coin, CRO, an attractive asset to buy and hold? To find out what are the use cases for this coin, as well as read the latest CRO price predictions, read the article below.
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Crypto.Com Fundamental Analysis
Crypto.com Chain is a decentralized open-source blockchain launched by Crypto.com company that specializes in trading and financial services. Crypto.com Chain is just one of the set of solutions made by Crypto.com. The goal of the company is to speed up crypto adoption as it represents increased personal control over finances, personal data exposed online, and protection of personal identity.
CRO blockchain was created in 2018 to power Crypto.com mobile payments app Crypto Pay, though the platform went on the mainnet only on March 21, 2021. In the future, it will also power other products of the company. The platform represents Crypto.com company’s idea of bringing crypto into every wallet.
The main goal of the CRO platform is to offer utility to the users of the Crypto Pay app. It is powered by the native CRO token. The holders of the asset can stake it on the platform in order to earn fees for processing transactions on the network. CRO token is also used as a matter of transaction payments on Crypto.com Chain. The users of the payment app also receive up to 20% cashback whenever they pay in CRO and up to 10% for peer-to-peer transactions and buying gift cards.
The platform now has more than 10 million users and is present in 90 countries. To reach the goal of global adoption, the company continuously works on discovering and developing new use cases for CRO and blockchain.
Crypto.com company was established in 2016 by polish entrepreneur Kris Marszalek, Brazilian engineer Rafael Melo, software engineer Gary Or and financier Bobby Bao.
Crypto.Com Live Price Chart
CRO started the year trading for $0.059 and showed mixed signals. The first week of the year the token was bearish, but the trend started to turn upwards. By the beginning of February, the price started to grow and then skyrocketed to $0.14 at the end of the month.
Despite that, CRO couldn’t keep the value at the same level and started to follow the market correction. For a few days, the price was declining but then continued to rise. Till the end of April, the market stayed bullish and CRO was traded between $0.24 and $0.20.
After April 17, the token lost its position, then fell to $0.16, quickly recovered but lost almost half of its value, and from the beginning of May till mid-August was trading between $0.12 and $0.16. At the beginning of September, the price started to grow again till it reached an all-time high of $0.798 on November 21, attracting lots of attention.
At the time of publishing the price was stable with the bullish trajectory. CRO price prediction is very optimistic as experts expect a coin’s value to grow further. At the same time, the CRO graphic shows that the currency is overbought at the moment.