Coin Bureau, the million-subscriber Youtube altcoin analysis channel, summarizes the expected price movements for Crypto.com and explains the reasons for the continued upside potential of the CRO. In us, cryptocoin.com We have compiled the highlights of the video. Here are Guy’s $1 CRO goals…
Crypto.com (CRO) overview
Crypto.com offers a range of crypto-related products and services, including trading, lending, borrowing, staking, DeFi, wallets, and payments. Guy, one of the analysts of the channel, emphasizes that the most famous product of the project is probably up to 8% instant cashback, free Netflix, Spotify and VISA debit cards with various functions. Also, there were no pre-sales, public sales and ICOs for the CRO. In February of this year, Crypto.com announced that the company would burn 70% of its CRO accounting for nearly the entire supply of CRO.
Altcoin CRO price analysis
CRO has been rising for weeks and recently reached ATH above $0.50. According to the analyst, this rally begins in July when Crypto.com announced its $175 million marketing deal with the UFC. Then came another price boom in October, when Crypto.com announced the launch of its global brand campaign, which included an ad entitled “Fortune Favors The Brave.” The Coin Bureau analyst adds that it is somewhat surprising that the CRO can be viewed as a security in the eyes of the SEC.
As for the potentials of the project, don’t be fooled by the low price of the CRO, according to the analyst. Although its CRO is less than $1, its market cap is more than 10 billion. The analyst says that because individual investors see CRO only as a cryptocurrency, the price can only increase with speculation. But now Crypto.com’s brand awareness gives it a huge edge over other exchange tokens in particular. Finally, since Crypto.com is owned by a Blockchain with smart contract functionality, this additional size of demand causes the analyst to believe the CRO will rise to $1 before the current crypto bull market ends.
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