2021-8-27 16:14 |
Crypto.com Coin CRO/USD is a native cryptocurrency token used on the Crypto.com Chain, a decentralized and open-source blockchain developed by the payment, trading, and financial services company Crypto.com.
The DRESSX collaboration as a catalyst for growthThat being said, Crypto.com NFT is the latest addition to it, where they are collaborating with a digital fashion company known as DRESSX with the intention of offering the fashion industry’s first-ever NFTs. This partnership will establish the DRESSX store on Crypto.com/NFT alongside multiple NFT collections.
Furthermore, On August 24, Crypto.com also expanded its global USD Bank Transfers to over 60 countries, where users have the opportunity to transfer USD from their bank account and in-turn, receive USDC. This expansion includes Mexico, U.A.E, Thailand, Argentina, the Philippines, and India.
Alongside all of this, Crypto.com exchange users can transfer U.S. dollars from their bank account through SWIFT.
Should you invest in Crypto.com Coin (CRO)?On August 25, Crypto.com Coin (CRO) had a value of $0.150.
To get a better perspective about its all-time high value so we can evaluate its current price point and growth, we will be going over its performance in July and its all-time high-value point as a point of comparison.
Its all-time high value was achieved on February 22, with a value of $0. 277. This made it 84% higher in value.
In terms of July’s performance, it had its highest value point on July 12 with a value of $0.129, while it had its lowest point on July 20 with a value of $0.099. Here, we saw a drop in value of 23%.
However, when we compare the value of July 20 to the value of August 25, we can see an increase of 51%. According to data from IntoTheBlock, the CRO token has seen $23.04 million in transactions greater than $100,000 in the last seven days.
Furthermore, in the last seven days, CRO saw $11.72 million in total exchange inflows as well as $8.69 million in total exchange outflows. The network itself saw a 30-day average activity of 110,250 addresses.
With all of this in mind, we can expect the value of CRO to increase to $0.200 by the end of September, making it a worthwhile investment.
The post Is CRO worth investing in after the collaboration with DRESSX to offer NFTs for digital fashion? appeared first on Invezz.
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