- The CRO coin is a large cap cryptocurrency with a specific utility within the Crypto.com exchange
- The CRO blockchain, of which CRO is the linked token, powers Crypto.com applications
- A few price watchers are wondering if the CRO coin can reach US$10 in the coming months
Though most cryptocurrencies, including the biggest, Bitcoin, have rebounded lately, the success of the linked blockchain projects might be the biggest force that could influence the price appreciation of any crypto asset. In this light, the focus should not only be on the historical price data of any crypto, but also on the future of the project.
As we know all cryptos are linked to a particular project, for example, Ether is linked to Ethereum’s blockchain network. The long-term viability of the project matters as much as tweets by any influencers like Elon Musk.
One crypto asset that seems to have a defined utility with a project that has made strides is the CRO coin.
What is the Crypto.com coin?
As most enthusiasts would know, Crypto.com is an exchange for crypto assets. The exchange made big news when it partnered with Hollywood star Matt Damon for a commercial.
It is headquartered in Singapore, and Crypto.com claims to have millions of users. As is with Binance -- a leading crypto exchange, which has a blockchain network BSC and a native token BNB -- Crypto.com also has a blockchain named CRO, with the CRO coin acting as the native token.
The blockchain is said to be primarily used by the company to power its mobile payments app. CRO is a token that can be used for staking in order to validate transactions and for earning rewards.
CRO coin’s price
The CRO coin is a major cryptocurrency and is presently one of the top 20 cryptos by market cap, according to the CoinMarketCap listing. The price of the CRO token as of now is US$0.5, and the market cap is nearly US$12.8 billion.
Where can you buy the CRO coin?
CRO can be traded on multiple crypto exchanges including Huobi Global and OKX.
CRO coin price prediction
Though predicting anything about cryptocurrencies is near impossible due to the volatility that ails this space, the CRO coin may make strides in the coming months. The all-time high price of the CRO token is US$0.9, which it attained in November, last year.
In 2022 so far, the CRO coin has had a volatile run. But if the Crypto.com exchange adds more users, and the CRO chain is backed for its decentralized attributes, CRO would find more use. This may take the price to US$4 by the end of 2022.
Data provided by CoinMarketCap.com
CRO coin’s price prediction 2030
CRO has yet to reach US$1, but if Crypto.com shines, CRO might also surge in demand. This is because the CRO coin has utility within the exchange. By this measure, the CRO coin might even reach US$40 by 2030.
CRO coin’s price depends largely on the success or failure of the Crypto.com exchange and blockchain. It might surge sharply if both platforms attract more users in the coming months.