Crypto.com (CRO) is up over 20% yesterday and set the ATH level at $0.7984. This makes it the star of the day and is currently the 13th largest cryptocurrency in the market with a market cap of $17.14 billion and a 24-hour trading volume of $1.27 billion. Let’s take a look at the latest Crypto.com news and see why the altcoin CRO price is soaring.
Crypto.com (CRO) opens Ethereum supercharger pools!
- The biggest news on Crypto.com is their recent acquisition of $700 million for the naming rights to the largest american football stadium in the US state of Los Angeles. On December 25, Staples Center will be renamed Crypto.com Arena.
- In more recent news, Crypto.com announced ETH supercharger pools, allocating over $1M in ETH to be distributed to CRO stakers.
As a note; The US market will not be able to stake CRO through the official Crypto.com exchange. However, US users will use the Crypto.com DeFi Wallet to stake their CRO. While staking CROs do not have any lock-in period, there is an unbonding period of 28 days after staking is removed.
Altcoin CRO price expectations
ETH supercharger The announcement seems to have contributed greatly to the CRO price. Along with the $700 million stadium purchase, Crypto.com continues to dominate the cryptocurrency markets and has huge long-term plans for 2022. If we take a look at the past weeks, the price of CRO has more than tripled due to the impressive marketing campaign launched by the platform. Crypto.com is a perfect example of how a well-executed marketing strategy can be productive.
With the price continuing to seek ATH levels, its community still seems to have enough enthusiasm to keep pushing the altcoin price higher. cryptocoin.com On the other hand, Paul Brabus, whose analysis we share, reveals the price expectations of 1 dollar for the end of the year.
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