2022-1-6 15:43 |
Crypto.com CRO/USD is a cryptocurrency exchange which is based in Singapore. It lets users buy as well as sell popular cryptocurrencies alongside lesser-known altcoins, and supports trading, investing, staking, wallets, NFTs, and a lot more.
The Crypto.com Coin (CRO) is the native cryptocurrency token that’s used on the Crypto.com chain and provides access to numerous tiered benefits within the Crypto.com ecosystem.
The partnership with the National University of Singapore as a catalyst for growthOn December 14, we discussed if Crypto.com was worth buying after it dropped in value by 45%.
On January 3, Crypto.com became a part of a blockchain partnership with the National University of Singapore. In fact, they became a gold member of the Singapore Blockchain Innovation Programme.
As a result of this, Crypto.com will foster the development as well as the adoption of blockchain technology in previously untapped sectors.
As a result of this, we can see that the exchange is continuing to scale its presence within the United States, and we even saw a spike in transactions on the Cronos chain.
In fact, the Cronos testnet completed 15 million transactions in its incentivized testnet event, Cassani.
Should you buy Crypto.com Coin (CRO)?On January 4, Crypto.com Coin (CRO) had a value of $0.5586.
In order for us to get an indication as to exactly what this value point means for the CRO token, we will go over its ATH point of value as well as its performance in December.
In terms of the all-time high value of the CRO token, it was on November 24 when the token reached a value of $0.965407. Here we can see that, at its ATH value point, the token was $0.406807 higher in value or by 73%.
When we go over the performance of the CRO token in December, we can see that its highest point was on December 1, when it reached a value of $0.7668.
Its lowest value point of December, however, was on December 20, when the token decreased to a value of $0.4843. This gives us an indication that from December 1 to December 20, the token decreased in value by $0.2825 or by 36%.
However, from December 20 to January 4, the token increased in value by $0.0743 or by 15%.
With this in mind, we can expect CRO to reach $0.6 by the end of January, making it a solid buy.
The post Should you buy Crypto.com Coin (CRO) after it joined the SBIP? appeared first on Invezz.
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