Touted as the ‘fastest growing’ app for investing in cryptocurrencies, crypto.com is fast gaining ground as a widely-used platform for crypto investments. And it looks like it will gain even more leverage over the next year.
At the time of writing this update in November 2022, crypto markets have crashed but investor confidence should probably remain strong in this coin, and it’s past technical analysis shows that it can bounce back in the long run. Further
Crypto.com CEO Kris Marszalek Statement (Nov 2022 Update):
It seems that many people believe that Crypto.com could crash like FTX, but the CEO has taken a positive step to disburse those fears and they’ll continue releasing several documents which will ease the fear’s of the people who hold their money with them.
While no one really knows what will happen in the long run, but for the short term this transparency is good news for crypto users.
What is Cronos Coin and Is it a good investment?
As a matter of fact Is Cronos Coin a good investment the answer is yes, but first, let’s get a better grip on what crypto.com (cro coin) is and what it does.
Crypto.com is a service that allows its users to trade digital assets conveniently and efficiently. Available as both a website and app, this service lets you buy or sell, trade or store, earn or borrow, and even pay bills with your cryptocurrency.
The platform is widely gaining attention as a trusted and secure service for investments. But you’ll still have to practice the basic precautions and diligence that online investments demand.
Today, let’s look at the top ten features for cro coin price prediction 2023 and reasons that make its prospects even brighter than before.
1. Token Utility
CRO’s token allows users to perform a variety of actions and enjoy various advantages when used correctly.
You can enjoy lower trading fees when paying with CRO on the crypto.com exchange or get priority allocation of tokens when new coins start listing.
You can also make use of DeFi features on the wallet or stake the CRO currency for profits of up to 18% p.a. Also, you can use CRO for a wide range of payments and get access to cashback offers on the exchange.
You can also use crypto.com to earn profits from your preferred digital currencies. The platform supports more than 40 different stablecoins and currencies.
Popular cryptocurrencies like Bitcoin and Ethereum can get you returns of up to 8.5% per annum. And for stablecoins like USDC, the rewards can go up to 14% per annum.
3. Exchange For Buying And Selling
As an exchange platform, crypto.com is among the fastest-growing and increasingly trusted services for crypto trading.
Crypto.com offers more than 200 pairs for trading, with some leverages being as high as 10x. The exchange also allows users to dabble in more than 40 different perpetual contracts and futures.
You can also stake coins and earn rewards or participate in trading pools that offer earnings equivalent to a million USD.
4. Wallet (App)
Crypto.com’s wallet is an app that comes with highly secured and deeply encrypted keys for convenience and privacy.
The wallet allows you to easily store and manage over a hundred different coins. Whether you prefer ETH and BTC or DOT, Apecoin (APE) and LTC, there are tons of tokens it supports.
If you wish to migrate from a different service’s wallet, you can get a recovery phrase that lets you import an existing wallet.
5. Referral Program
Crypto.com has a lucrative and comprehensive referral program that lets users earn even as they introduce new clients to the service.
There are no limits on the number of referrals you can make, and the referral bonus gets transferred immediately once the conditions are met.
Your new user will have to register (verified KYC) and successfully complete staking CRO on the exchange. Based on the amount he/she stakes, your referral rewards can reach up to $2,000 and/or enjoy a year of trading commission.
6. Visa Crypto Cards
The crypto.com app also allows you to manage and reserve a Visa Card for handling a variety of payments.
It’s essentially a prepaid card that you have to top up by adding funds. You can make transfers through your own bank account, existing credit or debit cards, or even your preferred cryptocurrency.
The cards come with additional benefits like support for online vendors (Netflix, Spotify, etc), access to airport lounges, and other bonus rewards.
7. Celebrity Advertising
A big reason why crypto.com is set to reach new audiences and wider markets is its marketing strategy that involves big names in the entertainment industry.
Their main ad stars Hollywood heavyweight Matt Damon and was overseen by Oscar-winning director Wally Pfister. Titled with a rousing catchphrase, ‘Fortune Favors the Brave,’ the ad is sure to continue turning heads and grabbing attention.
8. Sports Deals
Besides their celebrity marketing, crypto.com has also secured sports deals from a wide variety of leagues and sporting disciplines.
For instance, they’ve arranged a $175 million deal with UFC that will last for the next 10 years and a tie-up with Formula 1 for five years, worth $100 million.
They’ve also built partnerships with the Montreal Canadiens of the NHL and the Philadelphia 76ers from the NBA.
Crypto.com’s sports deals have also reached the world of soccer, with multi-million dollar deals being struck with Serie A (Italian league) and the PSG (French club).
9. Staples Name Right Deal
Staples Center has long been an iconic venue for not just the Lakers or the Sparks, but also for epic concerts and unmatched events.
In a deal that’s worth over $700 million, the Staples Center will be called the Crypto.com Arena by Christmas this year. Having such an iconic venue named after an exchange is surely going to turn new and exciting attention towards crypto.com.
Many believe that it’s the most expensive and lucrative naming right for a venue in the U.S.’s history.
10. Growing User base
Crypto.com has long been believed to be one of the fastest-growing, if not the fastest, crypto exchange in the industry today. Even now, it enjoys a user base that has exceeded the 10 million mark and quickly growing.
With over 200 unique cryptocurrencies, major sports and marketing deals, and attractive and lucrative features, the user base can only keep growing here on out.
At the time of writing this update, Crypto.com has rebranded itself to Cronos, and despite the recent crash we feel it’s a valuable coin to be held in one’s portfolio.
Conclusion: Will Cro Reach $0.5?
So, these are ten of the top reasons why cro price prediction indicates that it may reach up to $0.5 mark by the end of 2023.
Of course, as with any calculated predictions, this figure is not set in stone or guaranteed. So, one should not take it as strict financial advice.
As crypto.com continues revamping and enhancing its features and marketing strategies, there’s a chance that a huge growth is on the cards. Whether or not you join this prospective bandwagon is up to you, but knowing the reasons why it may inevitably grow is always the right place to start.
At Solutiontales we make it easy to understand the throes of cryptocurrencies, but our words should not be taken as a financial advice. Remember, a wise investor can make money in a bull or bear market when given the right data.