2022-2-26 19:42 |
Cronos CRO/USD is the native cryptocurrency token for the Crypto.com exchange.
Cronos can be used as an intermediary token or utilized as a means of converting crypto into FIAT at lower, more affordable rates.
The token can also be staked, and staking CRO offers several rewards, such as access to Crypto.com Visa Cards, Cashback Rewards, and Higher APRs.
Crypto.com developments as a catalyst for growthOn January 4, we covered if CRO was worth buying after it joined the SBIP.
There have been numerous recent developments within the Crypto.com ecosystem.
On February 25, 2022, Crypto.com NFT announced the start of the AMR22 NFT drop, which will occur on February 28.
We also saw an announcement that Crypto.com had made a $1 million donation to the Red Cross as a means of supporting humanitarian efforts.
Additionally, the Crypto.com Market Maker Programme was also announced, which allows users to become an institutional liquidity provider and get access to exclusive trading fees, an interest-free credit line, and dedicated 24/7 support.
All of this can lead to an increase in the value of the CRO token.
Should you buy Cronos (CRO)?On February 26, 2022, Cronos (CRO) had a value of $0.4192.
In order for us to get a better perspective as to what this value point represents for the CRO token and to see how far the token can climb in the future, we will be going over it’s all-time high value alongside the performance the token showcased throughout the previous month.
The all-time high value of the Cronos (CRO) token was on November 24, 2021, when it reached a value of $0.965407. This means that at its ATH, the token was $0.546207 higher in value or by 130%.
When we go over the performance of the token throughout the previous month, Cronos (CRO) had its highest point of value on January 3, when It reached $0.5877.
Its lowest point of value was on January 22, when the token decreased in value to $0.3314. Here, we can see that from January 3 to January 22, the token saw a decrease in value of $0.2563 or by 43%.
However, from January 22 to February 26, the token saw an increase in value of $0.0878 or by 26%.
With this in mind, we can expect CRO to reach a value of $0.5 by the end of March 2022, making it a solid token to buy.
The post Cronos price movement: how will the recent developments impact the value of CRO? appeared first on Invezz.
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