The cryptocurrency world has seen an insane surge in Crypto.com’s CRO Coin price as it rose by 11.7% in the past 48 hours. The value of CRO tokens almost tripled in November 2021. According to the ongoing internet talk, CRO coin might be the next Binance, and can even surpass Shiba Inu. But the crypto market is known for its unpredictability and can often backfire if you invest impulsively. Today we present to you all the details about the latest CRO coin price prediction, the latest news, where to buy CRO tokens and more!
Despite the general pullback in crypto prices, CRO coin price managed to hit a new all-time high. Although the price fell back slightly afterwards, CRO’s rise is significant as it went against the general tide. With over 10 million worldwide active users, Crypto.com’s CRO coin might actually be the next big coin to boom in value!
In fact, the Crypto.com coin (CRO) has managed to gain more momentum over Shiba Inu and most large-cap tokens right now. So, why has the news of Cro coin price rise flooded the social media platforms and what is this cryptocurrency?
What is CRO coin?
Crypto.com’s CRO coin is a cryptocurrency operating on the Ethereum platform used by customers to get discounted trading prices. The customers of CRO can also avail and qualify for better cashback rewards by using the token.
Crypto.com offers its customers a surfeit of services. These include payments, trading, financial services without any fees or deposit limits and even more. The CRO coin acts as a decentralized, open-source blockchain created by Crypto.com.
CRO coin has made a record of rallying more than 6,000 percent after its launch in December 2018. In November 2021, CRO coin price made the headlines in the crypto market hitting an all-time high of $0.9491. However, the cryptocoin soon ended up losing about 45% of its value in the latest round of price correction.
CRO Coin news
While the token has lost around 30% value from its all-time high, the CRO coin can last several rounds before truly reaching its peak. Crypto.com’s upcoming sponsorship deal will further extend its reach within the general public.
Over the past few months, there were back-to-back records of the rising CRO Coin price all over the internet. Crypto.com’s announcement of deals with a host of football clubs contributed a lot to this hike. It signed deals with clubs right from UFC to PSG.
Crypto.com has also secured leading spots in marketing within the crypto space. It secured a massive $700 million naming rights deal for the presently called Crypto.com Arena (formerly known as the Staples Center). Popular American Actor Matt Damon (starring in Jason Bourne, Interstellar and more) is also doing television advertisements for Crypto.com.
This latest CRO Coin news successfully convinced the major crypto exchange platform- Coinbase to list the CRO token on its platform. This has now furthered the hype of investors predicting a large growth in its value with time.
How and where to buy CRO Coin?
Convinced to buy the crypto coin after looking at the current CRO coin price but don’t know how? We have prepared a complete step-by-step guide that’ll help you to get your CRO tokens. Read below to know how to buy cryptocurrency. We will also share details of where you can buy CRO coin.
Step 1: Open an Online account on a crypto trading platform
The first step you’ll need to follow in order to get your crypto.com tokens is opening an account on a supported trading platform. There are a number of crypto trading sites that support buying and selling CRO coins. Some of the trading platforms with low fees and enhanced security includes Coinbase and FTX.
Step 2: Complete the verification processes and deposit funds
You can easily open an account on these platforms. Provide all your basic personal information as required and complete the verification processes. Once you’re done with that, you can now fund your account with funds you want to use for buying CRO coins.
Step 3 (Optional): Buy a crypto wallet for your CRO Coins
Centralized exchanges are your easiest way of purchasing crypto. But these platforms have many concerns regarding security. No investor would ever want to lose their crypto positions, especially when they are high in value. So we recommend buying a crypto wallet to store your CRO coins.
You can use either of the hardware or software wallets according to your preference. We personally recommend MetaMask as it offers a variety of decentralized finance (DeFi) features. This increases the number of ways in which you can use your cryptocurrency coins.
Step 4: Purchasing CRO Coin
If you have successfully managed to fund your account, you are all ready to purchase your CRO coin. Navigate to the CRO page on the exchange platform you’ve chosen. You just need to enter the amount of CRO tokens you’d like to buy and execute the trade.
Upon successful completion of the transaction, you can now find your CRO coins in your account.
CRO Coin Price Prediction and Analysis
The current CRO Coin price stands at Rs.43.38 in India ($0.5724) at the time of writing this. However, the price of CRO climbed from $0.21 at the end of October to an all-time high of $0.42 on 8th November. The rise in value didn’t stop there as CRO continued to grow to another all-time high of $0.59 on 18th November. When the CRO coin price hit the $0.96 mark within the next week, no one could ignore this token anymore.
According to CoinMarketCap, CRO coin is already listed as the 15th largest cryptocurrency with a market capitalisation of $18 billion.
According to Wallet Investor, CRO Coin price prediction shows some drop at the start of 2022 but can rise to $0.67 by the end of 2022.
On the other hand, CRO coin price analysis given by DigitalCoin predicts the token to hit $0.96 in 2022. The value of the crypto.com tokens can well raise over $2.49 by 2028.
Crypto.com however, predicts the CRO Coin price to climb to $17.63 by 2030. They are expecting the price to hit $2.62 in 2025. That is quite the increase in price they are expecting, but if the company has realistic plans in their arsenal, it is definitely not impossible.
Is Crypto.com’s CRO Coin a good investment to make?
With the plethora of coins that are available but don’t yield results, it’s a necessity to think before you invest in any cryptocurrency. Due to crypto.com’s success last month, many are left with the question of whether the CRO coin price makes it a good investment or not.
CRO Coin price is largely reliant on crypto.com’s marketing campaigns and hype. These two factors mostly provide opportunities for the short-term rise in the token’s value. As of now, it’s hard to predict the long-term outlook of investing in CRO. If the marketing campaigns are successful, then CRO coin price can reach new heights once again.
Crypto.com’s stadium deal and its forthcoming partnership with CONMEBOL Copa Libertadores, the highest level of club soccer team competition has really good potential. If the company’s “get rich” appeal and rising awareness can yield the results they are expecting, CRO Coin can definitely sport around a $100 billion market capitalization.
FAQs
1. What are the pros of CRO coin?
There are numerous benefits of the crypto.com coin. The platform has an extensive list of supported cryptocurrencies with transparent, competitive fees. You can often find discounts and get access to a number of perks like the platform’s own credit card, crypto wallet and NFT investment.
The payments you make are blockchain-enabled in a decentralized environment. This saves you from fraudulent transactions as well. The platform further offers 24/7 support for its user base.
2. What is the maximum supply of CRO coin?
According to CoinMarketCap, CRO has a total supply of 30,263,013,692 tokens. The circulating supply has already crossed 25,263,013,692 CRO coins.
3. What are the cryptocurrencies I can buy on Crypto.com?
Crypto.com has listed more than 150 crypto tokens that you can spot trade. Some of the most popular crypto coins available on the network include Ethereum (ETH), Bitcoin (BTC), Dogecoin (DOGE), Polkadot (DOT) and even Cardano (ADA).
4. Is the Crypto.com wallet safe?
You can undoubtedly use the DeFi wallet offered by Crypto.com without worrying about safety. Many people are actively using the platform to buy big crypto tokens like Bitcoin, Dogecoin and other assets. The company’s anti-fraudulent feature definitely makes the Crypto.com wallet a safe choice.
Conclusively, CRO Coin price may have a really bright future if the platform can actively and successfully pull off its marketing campaigns. Investors should always understand the fundamentals of investing in crypto, the crypto community and the projects before investing their money. What are your predictions about the CRO Coin price.
