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CRO

CRO in 2024: one of the worst scenarioOne of the worst scenario is that Crypto.com in unable to find new applications for CRO in which case we can lose 95% of the value against BTC. It all depends on how well Crypto.com is able to utilise the Crypto market potential, execute new products and how well attract new customers, particularly organically. Currently, the new audience from organic channels and paid channels may be 50/50. Most loyal customers typically come from organic channels so how well Crypto.com can engage most loyal customers besides attracting new users without sacrificing quality is the key. No financial advice.
by hhhhhhhhh9
CRO in 2024?I have no simple answer to this: 1. if mass adoption continues as explosive as 2021Q4, it can beat BTC in which case the valuation can be extraterrestrial. 2. If mass adoption gets hindered and crypto will regularised, banned, then the prospects are minor. 3. Scenario: something inbetween? It is as important for an utility coin to find new users as to find new usage areas such as Defi, NFT, VISA -- we need to find broader set of applications to make CRO go to the moon besides new users. What could be the nnext applications, DEFI solutions set up CRO? CRO Name Services could be one like ETH Name Services, others? No financial advice.
by hhhhhhhhh9
CRO (Crypto.com Coin) Token Analysis 28/07/2021Fundamental Analysis: Crypto.com Coin (CRO) is the native cryptocurrency token of Crypto.com Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company. Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app. In the future, Crypto.com plans to expand the reach of the CRO platform to power its other products as well. CRO went live in November-December 2018. CRO blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions. CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Crypto.com Chain. Within the framework of the Crypto.com Pay payments app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users. When it comes to trading use cases, the Crypto.com App allows users to earn token rewards for select listings by staking CRO. Additionally, users can earn annual interest of up to 10-12% on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or Crypto.com’s metal Visa Card. Overall, CRO acts as an instrument that powers Crypto.com’s drive to increase the adoption of cryptocurrencies on a global scale. As such, the company is continuously working on finding and developing new use cases that will allow users to leverage the cryptocurrency to enhance the control they have over their money, data and identities. CRO is built on top of Ethereum’s (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function. Crypto.com Coin was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao. Kris Marszalek, an alum of the Polish Adam Mickiewicz University, has founded and headed three companies prior to starting Crypto.com: consumer electronics design and manufacturing business Starline Polska, location-based service mobile app and platform YIYI and the e-commerce firm BEECRAZY. Rafael Melo earned his bachelor’s degree in engineering from the PUC-Rio. Over his more than 15-year-long career in finance, Melo has worked with major companies in Asia and helped secure over 50 million AUD in funding for the Ensogo social commerce website. Gary Or is a software engineer with over nine years of fullstack engineering experience. Prior to co-founding Crypto.com, Or worked as platform architect at Ensogo and co-founded the mobile app development firm Foris. He received his bachelor’s degree in engineering, computer science from the University of Hong Kong. Before helping launch Crypto.com, Bobby Bao worked in the M&A department of the China Renaissance investment bank. Bao has studied at the University of Melbourne, NYU Stern School of Business and the College of William & Mary. The total supply of CRO is limited to 30 billion coins (following 70 billion CRO burned in 2021), all of which were created when the blockchain went live — making it a non-mineable cryptocurrency. The total supply of CRO will be allocated for five different purposes: 30% — Secondary distribution and launch incentives - released in batches on a daily basis over five years from November 14, 2018; 20% — Capital reserve - frozen until Nov, 7, 2022; 20% — Network Long-Term Incentives - frozen until Nov. 7, 2022; 20% — Ecosystem grants - frozen until the launch of Crypto.com Chain Mainnet; 10% — Community development. The live Crypto.com Coin price today is $0.123236 USD with a 24-hour trading volume of $41,467,222 USD. Crypto.com Coin is up 5.78% in the last 24 hours. The current CoinMarketCap ranking is #30, with a live market cap of $3,113,312,195 USD. It has a circulating supply of 25,263,013,692 CRO coins and a max. supply of 30,263,013,692 CRO coins. Technical Analysis: as we can see there exist a Hidden Bullish Divergence with MACD which is the sign of bearish trend reversal and as the price is currently reaccumulating at the 78.6% retracement level of Fibonacci which is a very powerful Pivot level and can turn the trend from bearish to bullish. there are 3 targets defined for the upcoming Bullish Cycles Fibonacci projection where the 3 TP gets its confirmation as the 2 TP gets triggered followed by some retracement and price correction
Long
by BitonGroup
9
Megaphone pattern at play as of now “BTC SHORT” This weekly candle we are in will be very important to the up coming weeks of btc … as of now 38.6k is critical piviot point to hold, seemingly less likely rejecting off every fib level on weekly tf, breaking the neckline of h&s pattern and confirming it to finish out and with with the Macro time frame megaphone pattern at play, currently on 4th swing IMO finishing out 55-60% correction from 69k most logical option till next run up which is normal for btc even being oversold fud usually overtakes bully’s with this kind of pa ….BEARY SEASON THOUGHTS?
Short
by KoKoWitDaKrypto
CRO long set up#cro $cro looking for this long set up. If it can break diagonal and horizontal resistances, it could play for a nice 8:1 set up. Previous trade played out nicely and another breakout should retest green line. Wait for confirmation —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into a trade. Let it come to you. Don’t force it. 2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, know your target AND your exit strategy. 6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven. 7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Don’t enter a trade based on one indicator. 10. Horizontals > Diagonals Please note: - This is not financial advice. - I do not take every trade I post. - Never trade off of someone else's chart until you DYOR!
by DaCryptologist
1
UPDATE: CRO UP 470% after bull signal - What Next?Please Like or Follow if you enjoyed this content. UPDATE: The price jumped 470+% after the bullish Supertrend Ninja signal in Oct 2021. And 275% in July 2021. The Supertrend Ninja also predicted the heavy drops of April 2021 and Dec 2021. The price is ranging, which is visible from the sideways movement. RSI is in a range as well. Although CRO got a bullish signal from my indicator Supertrend Ninja. Right now the price is in the middle of two grey blocks. Supports and Resistances are highlighted as grey blocks. Next support around 0.48 USDT. Next resistance around 0.68 USDT. Profits can be taken at each grey block. Supports and resistances are drawn using the indicator 'Yo Show Me Some Support - and Resistances'. Pun intended. Thank you for reading. Namasté 🙏 What Indicators Do I Use: In the chart I am using my Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. With each trade proper risk management is essential. Either by using my script Trailing Stoploss Bottom Activation indicator, visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop. Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
BTC Game-on to 69k or 45k BTC CRO ETHBTC could fill support lower at VPVR 45–55k and below that at 41–45k. 45k is the support level “line to hold” for me.+48k is better. +52–53.5k is absolute digitalgold. Above 54k for a day candle and the bull trend is confirmed with pretty high certainty in my mind. Take profits along the way! Set stop-losses too. ;) FTX BTC-PERP are showing some larger interests around 48.5k, and some right under our current position at 47.1k. BTC coin lives continue to age nicely, as open interest cools off slightly. There’s a reasonable chance that we continue to see downwards pressure, given that is the general momentum as of recent weeks. BTC price needs to find support and some good news. BTC HODLers are doing what they do best. 6month and older is growing at a outre’ pace. MSTR continues buying. I continue buying. It’s small bits here, small bits there. If the narrative is correct, why shouldn’t we? But we’d still be <6 month short-term holders anyway, so… My buy-limits on a few crypto. A bit volatile these days. Lines are moving more frequently and I’m still trying to figure out a repeatable, readable system to track and share my calls. Your thoughts are welcome. There’s nothing I can do to slow the volatility down though, sorry. 👏 BTC CRO ETH LUNA
BYBIT:ETHUSD.PLong
by calmrat
I almost lost hope but I will follow my strategy until the endSometimes is hard to hold when you don´t a defined jump out strategy, some moments are really scary and indicators flip against us really fast. Not being able to have a defined strategy will always make you take bad decision in the worst moments. We are not out of the water just yet, but this jump actually shows some really bullish potential, not fast moves, but a good trend can be formed. 1. We found support over the bull cycle trend line and already broke the ascending triangle that was holding us back. 2. We found support over the weekly RSI, just like we did in the past dumps. 3. Dollar index is falling right now, at least in the short term. 4. Whales accumulated big time during that dump. 5. Number of BTC`s in Exchanges are decreasing
BITSTAMP:BTCUSDLong
by ViniciusBaccelli
Bearish Divergence, Bullish MomentumWith CRO vs BTC, I'm expecting a bullish breakout of the Falling Wedge. Having said that, there's also Bearish Divergence on the daily chart so I'm expecting a short-term cooldown, perhaps to the 1D 50 EMA, before ultimately breaking the wedge. Sidenote: Price action on CRO over the last three years looks heavily manipulated (more than most, anyway). Be careful. -------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
by mercury_rising