CRO is the native cryptocurrency token of Crypto.com Chain. Crypto.com is a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company.
Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app. This will highly impact CRO price.
CRO blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions. Token owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Crypto.com Chain. Within the framework of the Crypto.com Pay payments app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users.
Crypto.com has over 10 million+ users. You can trade over 100+ cryptocurrencies on crypto.com with a very low slippage. Crypto.com VISA card provides a cash back of up to 8%. The site also provides a lot of staking option where you can earn up to 14% interest on your cryptocurrencies.
Margin and Derivatives
Crypto.com allows Margin trading of select assets with up to 3X leverage and Futures trading of select assets with up to 50X leverage.
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CRO Price Prediction
CRO is currently trading close to the support at $0.0896. If it can hold this support, we could start seeing a move towards $0.1070, $0.1279, $0.1512, $0.1701, $0.1890, $0.2159 and $0.2502. If it can clear this resistance, we could start seeing a bigger move towards $0.3491 and $0.5091. Failure to hold the support at $0.0896 could lead to a drop towards $0.0790, $0.0634 and $0.0528.
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