Crypto.com project (previously known as Monaco) was established in 2016. The cryptocurrency showed significant growth in 2020 and continues to remain stable in 2021. Such popularity came with the proliferation of services provided by the developers of the project, including an exchange, a defi wallet, a plastic card, and others.
All these products provide an opportunity for the growth of the CRO crypto asset. Let’s find out what experts think about the future of this cryptocurrency and whether it is worth investing in the Crypto.com coin.
What is Crypto.com (CRO)?
Crypto.com Coin is the cryptocurrency of Crypto.com startup founded in 2016. Developers offer market participants technical solutions for buying and selling crypto assets, as well as calculating them in everyday life. In addition to Crypto.com Coin, the startup has another token – MCO. It participated in the startup token sale in 2017, during which the project raised $26 million. MCO is involved in solving some technical problems. Besides, MCO cryptocurrency holders get some privileges and discounts.
The main goal of the project is to integrate blockchain into all spheres of life and make cryptocurrency the same popular means of payment as fiat money. The platform includes a wide range of services for working with cryptocurrency – a payment system, a cryptocurrency wallet, a VISA bank card, an application, an exchange for trading, decentralized financial services, crypto loans, and deposits.
One of the most well-known products is the plastic card, which allows you to spend cryptocurrency anywhere without high fees and long processing times. It is accepted wherever VISA cards are accepted: in more than 50 million retail outlets around the world. The use of the card provides additional benefits to its holders. By paying for purchases with a CRO token, users receive up to 5% cashback from card transactions, as well as earning on the interest rate on funds frozen for six months. Owners of over 100,000 CROs receive rewards and bonuses.
Another one, Crypto.com exchange, is a platform for trading cryptocurrencies that provides deep liquidity and moderate prices for order execution. It has a flexible and scalable infrastructure for institutions. CRO token staking brings a yield of up to 20% per annum, as well as discounts on commissions for placing orders.
The Crypto.com platform and CRO token are in high demand due to the wide range of modern financial services, including those based on the principles of DeFi. Besides being just a convenient tool for storing and using cryptocurrency, it also provides many options for additional income. The immediate plans of the project are to expand the sphere of influence of bank cards, add margin trading, OTC trading, and decentralized loans.
CRO Coin Price Prediction 2021
First of all, the Crypto.com project is launching the mainnet on March 25. This event may definitely boost the price of the asset. As you may see on the chart below, the price has already hit a peak at the end of February.
According to the Wallet Investor website, the price of CRO coin will definitely increase this year. This rise won’t be very intense; however, it will change up to $0.2.
Gov.capital supposed that the price will go up by almost 160% and be $0.4 by the end of this year.
CRO Coin Price Prediction 2022
Next year, the price of CRO won’t change a lot. Wallet Investor claims CRO price to reach only $0.26 by the end of 2022. Digital Coin Price source expects Crypto.com coin to be worth about $0.24, which corresponds to the previous prediction.
Gov.capital suppose that if you invested $100 now, your current investment might be worth $213.407 by March 2022.
CRO Crypto Price Prediction 2025
According to Walletinvestor, CRO is an awesome long-term investment option. Walletinvestor predicts strong growth for CRO in 5 years and expects it to increase by up to +626.83%. In this case, your current $100 worth of investment will turn into $723. All in all, the price of CRO is expected to be around $0.4.
Here we have collected the answers to the most popular questions concerning the Crypto.com token.
Is CRO coin a good investment?
Any cryptocurrency is a volatile currency. If you want a stable investment, you should put your money in a stable coin such as Tether or BUSD. However, the CRO coin stays strong in the top cryptocurrencies list (thanks to its popular exchange and crypto card). The prediction sources claim CRO to be a good long-term investment.
Since the price for CRO is quite affordable, Crypto.com digital asset might become a great addition to the crypto portfolio. By the way, Changelly is a convenient place to exchange some coins for CRO.
How much will CRO be worth?
As we have already mentioned, the CRO price will grow throughout the following years. In five years, CRO can reach the $0.5 mark.
Why is the CRO price dropping?
CRO coin is a cryptocurrency that has a volatile nature. The price of any asset can go up and down depending on the overall market trend.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment instrument.