Cronos Chain is one of Crypto.com’s products aimed towards accelerating the global adoption of cryptocurrencies. The Crypto.com Pay mobile payments app is powered by the CRO blockchain.
CRO blockchain is primarily concerned with giving value to Crypto.com’s payment, trading, and financial services customers. CRO holders can stake their coins on the Crypto.com Chain to act as validators and earn fees for processing network transactions. The tokens can also be used to pay transaction fees on the Cronos Chain. Users can gain up to 20% cashback by paying merchants in CRO and up to 10% cashback by purchasing gift cards and making peer-to-peer transfers to other users through the Crypto.com Pay payments app. When it comes to trading, the Crypto.com App allows users to stake CRO to gain token payouts for certain listings. Let us review the CRO price
CRO Price Prediction
Bullish Scenario: CRO could retrace back to $0.20 support. If CRO manages to break over the resistance level at $0.25 after retracements, it will be mildly bullish. With considerable purchasing activity, a break above $0.31 will lead to moves towards $0.37 and $0.43.
Bearish Scenario: CRO has been in a decline for the past several months, therefore we don’t have a strong long-term bullish bias. If the $0.20 support level fails to hold, the price will eventually fall below $0.14, $0.08, and even lower.
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