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 2022
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 Price in 2020 and 2021
CRO, the cryptocurrency of the Crypto.com platform and ecosystem has experienced a very positive year. The virtual currency reached a record high of $0.90, something that allowed investors over the last years to sell their coins at a profit in 2021.
Between 2020 and 2021, CRO experienced different bull and bear moments. For example, the first 10 months of 2020 were very positive for CRO despite the COVID-19 correction. This is because the Crypto.com was constantly expanding and attracting new users.
The coin was able to reach a high close to $0.18 in mid-2020. At the end of the year, CRO started a bear trend that ended in mid 2021. This is strange considering that in early 2021 every single cryptocurrency in the market was moving higher during that period of time.
The coin entered a new accumulation trend between May and October 2021. In October 2021, the virtual currency surged to $0.90 per coin, a total record for this digital currency. In recent weeks, the coin started moving lower and it is now very close to $0.45 per coin.
Crypto.com Coin (CRO) Price Prediction – TradingView Analysis – Updated May 21, 2022
For CRO/USDT, we see that this analyst shows that CRO has tested a very important support level that has worked for CRO since late 2020. That means that there is a large possibility for CRO to remain above this level if the market helps this crypto stay afloat. Another thing that we should take into consideration is that CRO has fallen in recent weeks from close to 0.50 USDT to 0.17 USDT.
The analyst explains that after seeing a capitulation, rarely do we see an immediate reversal back up. Hence, he says that it is currently not clear whether there could be a reversal in the near future getting formed for CRO/USDT. Furthermore, he stated that it was possible to see that there was “plenty of air” in the region shown in the charts between 0.17 USDT and 0.40 USDT per coin.
This CRO/USDT analyst shows that the virtual currency continues to move lower after a strong price drop a few days ago. This looks very similar to what happened to Bitcoin back in 2018 when the market fell from above 6,200 USDT to below 3,200 USDT in a matter of days. This is quite similar to what has happened now to CRO, with the difference that this virtual currency could continue to fall until reaching a price per coin of 0.21 USDT.
Another thing that is worth taking into consideration is related to the fact that this does not mean that CRO would simply enter a bear market. The analyst shows in the charts that there is an ascending trend that has been working as support for many years now. Therefore, we might see CRO sustain its current levels if the crypto market does not tank further in the next few weeks.
This CRO/USDT analyst showed a few days ago that the coin was in an oversold territory. This happened inside a wedge that started in early 2022 after reaching highs in late 2021. The coin has made an ABCD pattern inside the wedge and it could have moved towards the E price level at 0.6753 USDT per coin. However, this did not happen.
As you already know, Bitcoin moved below 40,000 USDT once again and this is pushing virtual currencies lower. Indeed, the coin remains very close to the lower boundary of the wedge but it could continue to move higher in the future. The volume profile shown by this expert is also signalling a strong support level in this region. It would be very important not to see CRO moving lower in the next few days as it could push it to very low prices.
CRO/USDT has created a recent double top on the daily time frame close to 0.50 USDT. At the same time, the expert says that on the 4-hour timeframe, the price is currently creating an M pattern, which is now testing the 0.50 Fibonacci retracement level on the 4-hour support.
Now, the question is how to properly approach trades. The expert says that if the price is going to lose support and retest it as a new resistance, then we could eventually open a position. Other important levels shown by the analyst in recent days include 0.42 USDT, 0.399 USDT and 0.3867 USDT. These are all the Fibonacci retracement levels shown by the analyst that could play out in the near future with CRO if it continues moving downwards.
This CRO/USDT trading analyst shows that CRO has been moving higher for several days now. This current trend could be very positive for CRO to continue its trend to new highs in the near future. However, there are some things to take into consideration about this virtual currency. For example, even if the trend continues, there is a resistance level at 0.4568 USDT per CRO. Therefore, it would be very important to see how CRO reacts to this.
The analyst says that we are in an ascending triangle that could test the above-mentioned resistance level at 0.4568 USDT. If this price is broken in the near future, then we could also see CRO heading towards the 0.54 USDT price region in the coming days. It would be very important to follow the general trend of the market and how Bitcoin behaves as well.
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.