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.
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:
Icy White France, Jade Green Finland, Ruby Steel Portugal… #MCOVisaCard is now shipping in Europe!
Reserve yours now: https://t.co/CMnaThfGsn
— Crypto.com (@cryptocom) May 19, 2020
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 May 23, 2021
CROUSDT – Butterfly Harmonic Pattern by Man0war1983 on TradingView.com
The analysis of the CRO/USDT trading pair shows that the virtual currency is moving in an upward channel with different waves that are currently shown in the chart. The analysis shows that there is a bullish butterfly pattern that indicates when traders should buy this virtual currency.
There is also a bearish butterfly that indicates when traders should sell the coin. The bullish and bearish butterfly patterns, explains the expert, have different characteristics that can now be seen in the chart. The price is now close to $0.10 but the range of the bullish channel is between $0.085 and $0.30.
CRO good days? by FRIV on TradingView.com
CRO has been traded close to $0.20 for several weeks now and this could continue in the near future. As per the analyst, CRO has done a partnership with “Coppa Italia,” which is a great way to spread some knowledge and awareness about this digital currency and the solutions offered by Crypto.com.
At the moment, the analyst sees that we are fighting with the 0.5 level of the Fibonacci Retracement and we would have to pass a very important level (the 0.618 fib). Additionally, he shows in the chart that the digital asset has also touched the $0.165 support already three times, and this could be a good thing for the future, as the price does not fall below this level.
Broadening Bottom pattern by blbenne0 on TradingView.com
This analyst performed a clear analysis of the virtual currency and the CRO/USDT trading pair. He showed that the virtual currency could eventually test the E point and move towards the higher part of the broadening wedge. Nevertheless, as we have seen, CRO plummeted as most of the virtual currencies in the market in the last few days.
There is support (which now became resistance) at around 0.18 USDT per coin. The same happens close to $0.17 per coin. The support that we have found was also at $0.145 where the virtual currency rebounded with larger volume and recovered its position inside the channel.
Crypto.com (CRO) Symmetrical Triangle by peacefuljustin on TradingView.com
The analyst considers that there is a symmetrical triangle formation on Crypto.com (CRO) traded against Tether (USDT). The virtual currency could break out of this formation and it could start a new bull run and a re-test of the current all-time high of $0.27.
In addition to it, it is also possible for CRO to continue moving higher and enter the price discovery region. This could happen in the near future if indeed it breaks through the previous all-time high. This would also be highly dependent on how Bitcoin behaves and whether the entire market continues to move higher in the coming weeks and months.
CRO is ready? by FRIV on TradingView.com
For the CRO/USDT trading pair, the analyst has shown that there is a channel in which the cryptocurrency is being traded between 0.20 USDT and 0.195 USDT. In this region, the market shows that there are strong support and resistance levels.
However, if the digital currency moves higher, it could find resistance close to 0.22 or 0.24 USDT per coin. If it is able to go through this resistance level, it might be possible for the virtual currency to move towards its target of 0.28 USDT at the top of the broadening wage. How long this could take is something that remains to be seen.
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.