Will CRO coin surge any further?

3 min read | November 16, 2021 01:29 AM AEDT | By Manu Shankar

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Will CRO coin surge any further? — Image source: Ralf Liebhold, Shutterstock.com

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Highlights

Crypto.com Chain (CRO) is powered on an Ethereum blockchain and allows users to pay for goods and services with cryptocurrency.

The CRO blockchain main aim is to provide utility to Crypto.com’s users for various payment, trading, and financial services.

Currently ranked in the top 20 cryptos as per CoinMarketCap, CRO coin is trading at US $0.495163 with a 24-hour trading volume of US$841,763,939.

The Crypto.com Coin (CRO) has been on a surge of late. Ever since it was listed on the Coinbase exchange on 4 November, it has seen impressive gains over the past 10 days. Courtesy of the rally, the Crypto.com Coin touched its all-time high of US $0.38 on 5 November. Such has been its rally that the CRO crypto has jumped by 565%, bringing its total market capitalisation to more than US$11 billion.

Crypto.com Coin (CRO) is powered on an Ethereum blockchain and allows users to pay for goods and services with cryptocurrency. In return, the users can earn cashback and rewards for the use of the crypto. On Monday, it had registered gains of 25.42%, with a huge volume spike of 63.89%.

Also read: Can Illuvium crypto go past $1500 by end of 2021?

What is a CRO coin?

Launched in 2018 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao, CRO is an ERC-20 token. The CRO blockchain main aim is to provide utility to Crypto.com’s users for various payment, trading, and financial services.

Will CRO coin surge any further?

CRO holders can stake the coins on Crypto.com chain and earn fees for processing transactions on the network. Besides, the CRO coins can also be used during the transaction fees on the Crypto.com Chain. The users can earn cashbacks of up to 20% by paying merchants in CRO and can make peer-to-peer transfers with other users.

Also read: Why is Hokkaido Inu (HOKK) crypto grabbing eyeballs?

Is it a good investment?

CRO has been on a rising trend and has registered impressive gains of late. Currently ranked in the top 20 cryptos as per CoinMarketCap, CRO coin is trading at US $0.495163 with a 24-hour trading volume of US$841,763,939 at the time of writing (BST 11:45 am). The CRO coin was 25.42% with a live market cap of US$12,509,310,237.

CRO’s bullish run coupled with the investor interest makes it one of the most watched coins in the market. The Coinbase listing has given it the impetus to go beyond the US $0.2692 (its trading price on 2 November) to Monday's US $0.495163. With the parent company’s ambitious plans to expand, it won’t be a surprise if the coins gain further and break into the top 15 or even top 10 cryptos in the near future.

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Market experts are bullish on the CRO coin in the next five years, and market experts are betting big on its potential. Experts predict that the CRO coin in the next five years could yield gains by +30.38% and could see the price hitting US$130.38 by 2026.

Obviously, its first step would be to finish the year 2021 on a high note and hit the US$0.618 mark. Well, everyone will be watching that with keen eyes.

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