The Crypto.com token CRO/USD has been following the current market as even Bitcoin has fallen under the $30,000 mark, nevertheless, Crypto.com remains to be finishing up its DeFi mass-adoption mission.
Whereas the cryptocurrency token itself has skilled a drop in worth of seven% within the final 24 hours, it’d nonetheless preserve its worth long-term, and this is likely to be the right time for a lot of cryptocurrency buyers to purchase the token.
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On July 7, the UFC and Crypto.com announced a historic partnership, the place Crypto.com turned UFC’s first official Crypto Platform Accomplice, in addition to its first International Official Struggle Equipment Accomplice.
This can result in the next demand for the CRO token, as many UFC followers will lastly get the prospect to search out out what cryptocurrencies are, and Crypto.com would be the good entry level for lots of them.
On July 20, Crypto.com introduced the launch of Cronos, the Crypto.com EVM chain with its new testnet, which options sensible contracts, on the spot DApp portability, and a $100 million fund to assist builders that construct on Cronos.
This can provoke a bigger curiosity within the CRO token as properly, and with a rise in demand, the worth can improve.
Do you have to purchase Crypto.com (CRO)?
On July 20, CRO had a price of $0.099.
Whereas that is removed from its lowest level, it’s nonetheless at an reasonably priced worth vary that may appeal to the eye of a number of buyers.
To place this into perspective, in June, it noticed its highest worth on June 3 at $0.135, whereas it noticed its lowest worth on June 22 at $0.084.
The CRO token noticed its all-time excessive worth on February 22 at a price of $0.277.
All of this offers us some perspective as to how excessive the token has the potential of rising, in addition to how low it has fallen all through its current historical past.
With this out of the way in which, CRO is at its current lowest level, and as such it is likely to be a worthwhile buy, particularly with its UFC collaboration and launch of Cronos.
This can drive curiosity within the CRO token, and with this curiosity, we’ll see a heightened demand, bigger circulating provide, and as such, a bigger worth of the token.
In reality, by the tip of July, the CRO token has the potential to achieve a price of $0.200, which could make it top-of-the-line purchases you may make.
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