CRO Price Prediction

Crypto.org coin also known as CRO is the native token of Crypto.com. Crypto.com offers products along three verticals: Payment, Trading, and Financial Services.

CRO is used across most of the services offered by Crypto.com and its utilities keep on growing. This will soon start affecting CRO price. Let us review some fundamentals of CRO before getting into the technical analysis.

Payments

Crypto.com Pay is powered by Crypto.org chain which is a public blockchain delivering instant transaction confirmation with minimal fees. Crypto.com VISA card holders can enjoy up to 8% back in CRO, full purchase rebates, interbank exchange rates with no markups, and many more perks.

Trading

Everyone trading on Crypto.com website and their mobile application are offered rebates on the trading fee if they hold CRO. You can trade across 20+ fiat and 100+ cryptocurrencies on Crypto.com

Staking

You can stake CRO as well as other cryptocurrencies on Crypto.com to receive lucrative APY which, at times, is in double digits.

Formula One

Crypto.com has entered into a global partnership with the famous British Formula One racing team, Aston Martin. The partnership between Crypto.com and Aston Martin Cognizant Formula One Team comes ahead of the Formula One team’s 2021 car launch. This will drive a lot of attention of the global audience watching this sport and will open the door for new investments in cryptocurrencies through their trading platform. You can read more about this partnership here.

Crypto.com Mainnet

Crypto.com has announced the launch of Crypto.org Chain. The mainnet launch is scheduled for 25 March 2021. The chain will use CRO as its native currency. You can read more about this here.

Token Burn

Crypto.com will be burning 70 billion CRO tokens in order to help fully decentralize the network at mainnet launch. You can read more about the token burn here.

Now let us review CRO Price

CRO/USD Price Prediction

CRO is currently trading above the support zone of $0.1695. It was in an accumulation zone for almost 4 months after breaking the support of $$0.1451. Once it broke out of this accumulation and cleared the Support turned Resistance, we saw an impressive move. As long as it is above this support zone of $0.1695, we could start seeing a move towards $0.2175, $0.2398, $0.2620. If it can close above the previous weeks high of $0.2620, we could see a bigger move towards $0.2937, $0.3340, $0.4506 and $0.6392. Failure to hold the support at $0.1695 could lead to a drop towards $0.1550 and $0.1451.

Reference Links:

CRO is currently trading at $0.1935 with a market cap of $4,889,383,512. Its 24 hour trading volume was $273,050,609.

Join us on Telegram to receive free trading signals.

For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.

Images courtesy of TradingView.

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.