Will Crypto.com coin (CRO) touch $5 level by 2022?

3 min read | November 22, 2021 08:47 PM AEDT | By Manu Shankar

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Will Crypto.com coin (CRO) touch $5 level by 2022? — Image source: kan_chana, Shutterstock,com

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Highlights

CRO coin is the native currency of Crypto.com chain and is an open source blockchain protocol.

Due to its unique protocol, with the Crypto.com Chain, the users can seamlessly make the transaction flows between the merchants.

CRO token was trading at US$0.676461 with a 24-hour trading volume of US$2,336,455,862. It has a live market cap of US$17,089,441,015 with a circulating supply of 25,263,013,692 CRO coins.

CRO coin is the native currency of the Crypto.com chain and is an open source blockchain protocol. The CRO blockchain’s, which was floated in 2018, main onus is to provide utility to Crypto.com’s users for various payment services. Due to its unique protocol, with the Crypto.com Chain, the users can seamlessly make the transaction flows between the merchants.

Will Crypto.com coin (CRO) touch $5 level by 2022?

CRO coin has been on a bull run in November following its Coinbase listing on 4 November, which saw the price of CRO Coin jump by 565%. Then recently, the renaming of the Staples Centre also saw the token jump by 34% on 19 November, making it one of the top crypto gainers of the month.

Also read: Crypto, cryptography, Cryptocurrency: What’s in a name?

On Monday, the crypto saw a rally of well over 15.45% with a considerable volume gain of 477.90%. The recent spike was due to its announcement of a US$1 million ETH Supercharger, which will be distributed to CRO stakers. This pushed the CRO token to achieve its all-time high of US$ 0.7439, making it the top crypto from the top 13 to register gains.

ETH Supercharger

The ETH supercharger allows the Crypto.com users to have the benefit of getting ETH as rewards for staking CRO tokens, as per the official announcement. With the ETH Supercharger, which started from 21 November, the users who participated in the HBAR Supercharger staking event can earn cashback of up to 20% by paying merchants in CRO.

The users will be able to make the most of the staking and withdraw from the Supercharger pool without any gas fees. However, the reward token is decided at the end of the charging period, which is 45 days.

Price prediction & investment prospects

CRO is heading for a strong rally going forward and could well gain further ground. Buoyed by these two events, the CRO coin could well be the standout token to invest in. At the time of writing, the CRO token was trading at US$0.676461 with a 24-hour trading volume of US$2,336,455,862. It has a live market cap of US$17,089,441,015 with a circulating supply of 25,263,013,692 CRO coins.

Also read: Crypto.com Arena deal: Can cryptos be ignored anymore?

The rally is looking strong at the moment, and if it continues heading into next year, then we could well see it jump from its current position of 13 to the top 10, with its price reaching US$5 by 2022. The investors will be watching it with keen eyes in the coming days as we head into the end of 2021 and would hope that it has a strong finish to the year for the rally to sustain in January month as well, which traditionally is considered to be a good month for cryptocurrencies.

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