CRO is an ERC-20 token launched by Singapore-based Crypto.com in 2018.
Over all this time, the company has managed to launch an application, an exchange, a DeFi wallet, and personalized Visa cards. Various celebrities were also actively involved in advertising, the most famous of them was actor Matt Damon.
But perhaps most impressively, Crypto.com struck the largest naming deal in US sports history, worth $700 million, and renamed the iconic Staples Center in Los Angeles to Crypto.com Arena.
My personal acquaintance with the coin took place in 2020. That was the first time I learned about staking coins on their exchange in general. Staking this coin, at the very beginning, brought about 20-30% per annum, which is not low even now.
In 2022, the coin changed its name from “Crypto.com Coin” to Cronos (CRO), accumulated a long list of features, and is now connecting to Cronos, the successor to Crypto.org Chain.
In the last cycle, in December 2021, the value of this coin increased 10 times. The price reached $1.
Will this coin be able to repeat the success of 2021, or have changes in the name and functionality still affected the mood of potential buyers?
When you look now at the Bitcoin chart in the candlestick timeframe - a month, a correction of $3000 does not look so scary😝
What price do you think we will reach in this cycle?)
I think we can reach $200,000, that would be great)
Let me explain why I think so.
The lowest point at the beginning of this cycle was in January 2023 ~$17,000. Taking into account the fact that at the last bullrun the price of Bitcoin increased by about x10, it turns out that the price in this cycle should reach $170,000 (purely mathematical calculation🫣 without fortune telling).
But as they say, you should, but you don’t have to)
Although it is worth noting that earlier both the capitalization and popularity of Bitcoin were different compared to the present. Therefore, anything can happen 😉
Wow, how tense the situation looks with #CKB 👀Despite the fact that this coin has already given more than 6 x from the bottom, purchasing power is not decreasing at all💰
The bears have less and less strength, and this is evidenced by the pressure below the level of $0.024.
In the near future, if the market is favorable, we expect a breakthrough of this level🚀
The answer lies in market psychology. Those people who purchased Bitcoin at good prices partially record their profits and pour their earnings into something that has not yet taken off and is at the bottom. The goal is simple - to earn as much money as possible🤑
By the way, today Bitcoin updated its historical maximum - $71,000 🥳🎉
This means we can safely buy alts now and during the corrective movement of Bitcoin we will already enjoy their growth 💹