Crypto.com CRO/USD is a popular online platform that allows investors to buy and sell popular cryptocurrencies and altcoins.
The Crypto.com Coin (CRO) is the native utility token of the Crypto.com Chain and is used for intermediary currency settlement across a variety of different assets.
The Twitch Rivals Partnership as a catalyst for growth
On November 3, the Crypto.com exchange started to bridge the gap between crypto and eSports further through a multi-year partnership with Twitch Rivals.
Twitch also added a tipping feature all the way back in December 2019, which allowed users to tip streamers with a U.S. dollar-pegged stablecoin known as MenaCash.
Twitch Rivals is an eSports tournament host that features Twitch streamers as well as pro gamers and has conducted a multi-year partnership with Crypto.com being an official partner in the Asia-Pacific Region.
The aim here is to increase the local crypto adoption within the eSports landscape.
The deal also provides Crypto.com with category exclusivity and in-stream branded segments, media placements, and other benefits.
Additionally, Twitch Rivals will feature Crypto.com branded advertisements on more than 250 broadcasts on a global scale.
Furthermore, Ubisoft has also expressed interest in building blockchain-centric games. The company is also working with blockchain companies to understand the technology’s impact on the gaming industry.
With all of these developments and Crypto.com being on the front, the CRO token could see a big increase in its value.
Should you buy Crypto.com Coin (CRO)?
On November 4, Crypto.com Coin (CRO) had a value of $0.27076.
To get a better perspective as to what kind of value point this is for the token, we will compare it to it’s all-time high value as well as its performance in October.
CRO reached its all-time high value on February 22, when its value was at $0.277020. This means that on November 4, CRO is worth just $0.00626 less or 2% less than its all-time high and has the potential to go over its current ATH point.
In terms of its performance in October, CRO had its lowest point of value on October 1, when it was worth $0.158.
Its highest point of that month was on October 29, when it reached $0.2291.
Here, we can see that the token increased by $0.0711 or 45% throughout the month.
According to data from IntoTheBlock, Crypto.Com Token (CRO) had $245.06 million in transactions greater than $100,000 in the last seven days.
Additionally, the token saw $70.35 million in total exchange inflows and $89.52 million in total exchange outflows within the last seven days as well.
With all of this in mind, the Crypto.com Coin (CRO) has the potential to reach $0.3, or in other words, reach a new all-time high value by the end of November, making it a solid purchase.
The post CRO Price Analysis: Is Crypto.com Coin worth investing in after the partnership with Twitch Rivals? appeared first on Invezz.
from Market Analysis – Invezz
