CRO has been growing as one of the hottest cryptocurrencies in 2020, powering Crypto.com’s ecosystem. In 2020, despite the current Coronavirus crisis, CRO has experienced an incredible bull run that pushed the digital asset to almost new all-time highs. This guide will be related to everything you need to know about CRO Price Forecast.
In just a year, CRO was able to surge over 760% compared to the February 2019 price and help investors enjoy massive gains in a year that provided mixed results. The digital currency became one of the best-performing assets after the recent sell-off in March 2020 due to the expansion of the pandemic and its effect on the economy.
In this article, we will share with you the most important things to take into account about CRO and what could help this currency move towards new highs in the near future. We will also be trying to understand the technical aspects of the price of CRO and how this cryptocurrency could behave in the future.
- Notable CRO News & Plans for 2021
- MCO Cards Visa Expansion, Crypto Wallet and More
- Crypto.com Coin (CRO) 2019 – 2020 Price Analysis
- Crypto.com Coin (CRO) Price Prediction – TradingView Analysis – Updated May 09, 2021
- Crypto.com Coin (CRO) Frequently Asked Questions (FAQ)
What is CRO?
CRO is the cryptocurrency that runs on the Crypto.com platform. Crypto.com is a cryptocurrency company that has been growing in recent years and that aims at making crypto available to everyone.
In order to achieve that, Crypto.com has been launching a wide range of products and solutions, including a crypto debit card that allows users to pay with their favourite digital currencies. At the same time, CRO has a crypto wallet and an exchange that individuals can use to trade and hold virtual currencies.
In the coming sections, we share with you some of the most interesting features about Crypto.com, the CRO digital asset and how the platform is trying to offer better and advanced services to its clients.
Notable CRO News & Plans for 2021
Crypto.com announced in May that they have been growing their ecosystem considerably. This happened even during the COVID-19 crisis that has affected the entire world. The Bitcoin (BTC) halving has also had a positive effect on the entire ecosystem attracting new investors and users to the space.
During May, Crypto.com was able to achieve several milestones, including the MCO VISA Card shipment in Europe, the introduction of the Crypto.com wallet and reaching 2 million users. Furthermore, there have been many new partnerships, updates and promotions that the entire community has been enjoying.
In 2020, Crypto.com is trying to onboard new users and bring cryptocurrency in every wallet, offer one of the best programs for individuals to invest in cryptocurrency easily, offer an amazing credit card which lets you spend crypto and many other things to come. Crypto.com is certainly one of the companies that are working the hardest in the world to promote the usage of digital assets and contributing massively to the adoption process of cryptocurrencies worldwide.
And even recently, CRO has received a twitter branded hashtag, making it the second, after Bitcoin (BTC), to get it .
More interesting though is the 4th Anniversary Special where users can buy BTC at a 50% discount. The sale will start on June 30th, 2020 and it will end on July 1st, 2020. Everyone can participate, but there’s a limited number of people, maximum 25,000. Having a stake in CRO can increase your allocation on how much BTC at 50% discount you can get.
MCO Cards Visa Expansion, Crypto Wallet and More
The MCO Visa cards are now available in 31 markets in Europe. The company has also now launched a new give away of $100,000 in Bitcoin that would start on Twitter and will keep and continue until June 30.
The new promotion aims at expanding the number of users that would know the platform and how it works. You can see all the information in the following tweet:
The Visa expansion will continue in the coming months and it will certainly be one of the main goals of 2020. This is going to be important to attract new users and help the Crypto.com ecosystem to expand and reach a larger number of individuals.
Crypto.com has also launched a new debit card white label program that is calling for exchanges and wallets that want to launch their own cards with their brand. Crypto.com provides the infrastructure and brands can enjoy shipments in the United States, Europe and Asia.
The latest Crypto.com wallet launched is a non-custodial wallet that allows users to get control of their cryptocurrencies. Users can simply get connected through their Crypto.com application and start enjoying higher security standards by holding the private keys of their virtual currencies they are holding.
Furthermore, the company continues to improve the rewarding services they offer to users that place their funds on the platform. Individuals can start earning 5% p.a. on Litecoin (LTC), 4.5% p.a. on XRP and 14% p.a. on ICX.
Crypto.com has also secured $100 million policy which is currently led by Arch Underwriting at Lloyd’s Syndicate 2012. In this way, Crypto.com was able to extend its insurance coverage to $360 million. At the moment, there are few crypto companies with insurance coverage and the entire market lacks a clear insurance strategy.
About it, Kris Marszalek, the co-founder and CEO of Crypto.com, stated:
“The crypto market is woefully under-insured, which puts both custodial firms and users at risk of theft or loss of their assets and presents a roadblock to mainstream crypto adoption. We have committed deeply to the security of our platform, a top concern shared by early adopters and those new to crypto.”
Furthermore, new Crypto.com exchange users that have signed up and completed the “Advanced” KYC level enjoy a 2% bonus on crypto deposits made on the exchange. This is a good way for users and traders to get additional funds and start using them to trade digital assets in the market and using the Crypto.com platform.
Finally, Crypto.com has also been working with Coinzilla in order for clients to place ads with Coinzilla and get up to 10% cashback using Crypto.com Pay. This is a great way to get some cash back when you invest in expanding your products, services or company.
Crypto.com Coin (CRO) 2019 – 2020 Price Analysis
As you can see on the image above since CRO hit $0.10 then it started a bear market that had three bullish times.
The first one was in mid-19 and it lasted a very short period of time, allowing CRO to surpass $0.10 again. The second one was at the beginning of 2020 as the entire crypto market was in a bull run. This time, CRO was not able to surpass $0.075. Finally, the last bull run is the one in which we are now with CRO surpassing $0.10 for the third time, with a 66% profit for the last month.
In BTC terms, we see that the bear market is clearly seen since 2019 and we are just now starting to move higher again.
Crypto.com continues to expand and attract new users with the platform and services that it is currently working on. As we have seen in the previous section, there are different projects on which the Crypto.com team is currently working on and that would allow new clients and users to start enjoying a wide range of services.
All of this could have a positive impact on the price of the cryptocurrency that has been growing in recent days due to recent developments. The team behind CRO is launching new initiatives and projects on a regular basis for the entire community to keep engaged and happy with the developments in the network.
For example, Crypto.com has launched its own Crypto Swap service on top of the Ethereum (ETH) network a few weeks ago. This is expected to attract a large number of users from the DeFi market.
Crypto.com Coin (CRO) Price Prediction – TradingView Analysis – Updated October 10, 2021
This CRO/USDT analyst is currently showing a chart with several indicators in which he shows that there are three levels that he is currently looking at. There are also key support and resistance levels that would help the virtual currency find pivot points in the coming days or weeks.
CRO was following the general trend of the market, until a correction that it experienced in September. The virtual currency is now again moving higher and it could eventually reach a price of 0.2050 USDT in the near future, where we currently find a strong resistance level. Everything would depend on how this virtual currency follows the general crypto market trend.
Now let’s move to CRO/USDT. This trading pair has fallen as the entire market in recent days. The virtual currency moved from 0.19 USDT to 0.15 USDT in recent hours. However, CRO price is currently in a region with different support and resistance levels.
These support and resistance levels are currently at 0.1458 USDT, 0.1560 USDT and 0,1650 USDT. CRO price is now standing at 0.1566 USDT, showing it is very close to one of these support levels. Additionally, if CRO ends up falling even further, the last support level would be close to 0.101 USDT. It would be very important to understand how the market reacts to China ban on Bitcoin.
Focusing on the CRO/USDT trading pair, the expert shows that there has been a strong bull trend over the last few months. This bull trend has reached a high of 0.2 USDT before retracing to 0.158 USDT. In addition, he explains that he has purchased a large amount of CRO as this could be one of the fastest-growing exchanges in the market.
There is also another trendline that he has shown in the chart. This trendline points towards a slower-pace bull trend with two main touches in June and July. Now, the question is to understand how long this large trendline would be able to support the price of this digital currency if the market turns bearish.
This CRO analyst has made a very detailed analysis of the situation for this virtual currency. As he shows in the chart, CRO has been moving higher for several weeks now and it might be possible to resume the bull trend.
There are some important resistance and support levels that were shown by the analyst. The first one is at 0.155 USDT, followed by 0.16 USDT, 0.1659 USDT and 0.1719 USDT. When we talk about support levels, we see 0.14173 USDT and 0.15223USDT.
In the chart, we also see that the volume has been recently falling. Thus, it might need some stronger volume to continue moving higher in the coming weeks.
The CRO/USDT analyst shows that the digital currency is moving towards its target of 0.21 USDT per coin. The expert shows that after breaking through support and resistance levels at around 0.11 and 0.13 USDT, the coin is now headed towards a new resistance level close to 0.16 USDT.
The digital asset might need some days before it breaks this level and moves towards 0.18 USDT and 0.21 USDT in the coming days or weeks. In order for that to happen, there might be a strong impulse from Bitcoin and other digital assets that would push the entire crypto market higher in the next few weeks.
Crypto.com Coin (CRO) Frequently Asked Questions (FAQ)
In this section, we will share with you some of the Frequently Asked Questions (FAQ) the community has about this cryptocurrency.
When was Crypto.com Launched?
Crypto.com was launched back in 2017 trough an ICO where they received $26,700,000. The company was called Monaco at that point, from where the name of their other cryptocurrency comes from (MCO). MCO is the cryptocurrency used to reserve the cards, stake the MCO and get the benefits for staking the MCO ( cashback, netflix & spotify rebates, etc) while CRO is used mostly on the Crypto.com Exchange, which is now in beta.
Which is CRO Utility?
Crypto.com Coin (CRO) is a cryptocurrency used to get discounted fees on the Crypto.com exchange, to get 20% bonus in CRO per year, to get cashback when buying gift cards and many other benefits that you can see here or in the picture below
Is CRO a Good Investment?
This will depend at the moment where you invest in CRO tokens and when you sell the currency. If you acquired the coin when it was just launched or during bear markets, then you may have the possibility to sell at higher prices and get a return on your investment and a profit. The coin’s ROI for the past month is 66%, but we recommend everyone to do a proper research before investing in cryptocurrency or probably consult with a CPA.
What is Crypto.com?
As we mentioned before, Crypto.com is a company that focuses on offering solutions in the cryptocurrency market for people to start using digital assets and blockchain technology. The company conducted the MCO token sale in June 2017 and it was able to gather 26.7 million to fund their operations.
What is Crypto.com goal?
Their main motto is “Cryptocurrency in every wallet”. So basically, to expand the usage of digital assets as means of payment and exchange. Of course, this can take some time before it reaches a larger audience but we can be sure that the company is doing everything possible to increase the adoption of cryptocurrency.
Will CRO go up?
We do not know what can happen with the digital currency. It will also depend on which price point we measure the currency upside potential. The lower the price, the higher the possibilities of this digital asset to move higher. In the last days, CRO has been in a bull market and it registered a large run that is close to surpassing its previous all-time high.
Although the market could continue growing, the volatility and uncertainty in the space makes it difficult to predict which is going to be the future of the CRO currency.
Where to buy CRO?
There are different exchanges where you can acquire the CRO cryptocurrency. Some of these platforms include OKEx, Huobi Global, Bittrex, ZB.com and HitBTC, among others.
However, we recommend Crypto.com exchange as the volume is enough to buy a large amount of CRO and you could also stake it for 180 days and get 20% p.a..Moreover, you can use CRO to pay for the exchange fees and get a good discount.