Crypto.com Coin CRO/USD is the native cryptocurrency token intended to power the Crypto.com Chain.
The Crypto.com Chain was created as a means of building a network of cryptocurrency projects, as well as allowing merchants to accept crypto as a form of payment.
The LeBron James Foundation partnership as a catalyst for growth
On January 28, we covered the LeBron James announcement that the LeBron Foundation would be partnering up with Crypto.com to help Akron kids learn more about technological careers.
While the exact terms of the deal were not fully disclosed, the partnership is said to run for multiple years.
On February 1, Crypto.com announced the appointment of Giuseppe Giuliani as Managing Director of the Crypto.com Exchange.
On February 4, 2022, Crypto.com introduced an extra layer of security known as SMS One-Time Password (OTP). This will give its users an additional level of peace of mind when using the platform.
Additionally, The Super Bowl will now be called the “Crypto Bowl” as upstart finance firms send millions on T.V. ads, one of these being Crypto.com.
All of these developments are significant and will increase the interest within the Crypto.com exchange, the Crypto.com Chain, and the Crypto.com Coin (CRO), which now has the potential to truly increase in value.
Should you buy Crypto.com Coin (CRO)?
On February 4, 2022, Crypto.com Coin (CRO) had a value of $0.4145.
The all-time high value of Crypto.com Coin (CRO) was on November 24, 2021, when the token reached a value of $0.965407. This means that at its ATH, the token was $0.550907 higher in value or by 132%.
When we go over the performance of Crypto.com Coin (CRO) throughout the previous month, we can see its highest point on January 3 at $0.5877, while its lowest point was on January 22 with a value of $0.3314.
This gives us an indication that from the span of January 3, 2022, to January 22, 2022, CRO decreased in value by $0.2563 or by 43%.
However, from January 22 to February 4, CRO increased in value by $0.0831 or by 25%.
With this in mind, CRO can reach $0.7 by the end of March 2022, making it a solid buy.
The post CRO price forecast: how will the various Crypto.com developments shape the value of CRO? appeared first on Invezz.
from Market Analysis – Invezz
