CRO -Resuming Parallel Channel Uptrend after parabolic blowoff-
Updated
CRO has resumed trading in its parallel ascending price channel after a brief explosive break out upwards. Unlike the Related Idea below for MCO tokens, CRO has been an excellent buy as this platform offers staking some CRO with an impressive 18 percent yield, add that to the incredible price appreciation we have seen, you are going to need all of that to offset all your losses on MCO tokens. Cryto platform referrals are welcome if my chart helps you make a hard decision in the short term. Referral: 3pfx3etpmk
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Wow, soooo many people are butt hurt about the MCO->CRO token swap. Here's the thing folks, new platform users will now need to buy CRO tokens going forwards, you converted into CRO. There may be an initial short term sell off as the butt hurt people who purchased MCO @ $11 take their exit, but medium and long term, there will be more price appreciation on this token that also has a 16% to 18% yield baked in. For those of you who staked 500 MCO for the debit card, you will still get all of the benefits as long as you leave your now 13,500-ish CRO locked up in the stake at 16% APY, where new users will need 50,000 CRO to get the same debit card. This is a $5,000 early adopter bonus falling in your lap. For anyone concerned with them dumping CRO on the market to lower the prices, how could that possibly be a benefit to them? Why would you tank the price of something you hold so much of? Besides, the full amount of CRO they have is locked up in an Etherium smart contract that only unlocks a very small amount each day for their internal operating expenses and platform development funding. They cannot dump on the market as that smart contract is audited and held by 2 different 3rd party auditors. Make the switch or sell so someone else can swap your tokens for you, that is your call an an investor as is loosing money when you buy at the top and sell at the bottom. I am still bullish on this token and will be taking some profits in early September as the price begins to go up again.... Only I will have received even more by then in staking rewards. CRO CEO makes a public announcement sometime today to clarify what their game plan is/was. Good luck everyone!Note
Good news this morning. Crypto dotcom has lowered the tiers for the debit cards based on community feedback. You now only need 10,000 CRO instead of 50,000 CRO for the Jade Green or Inigo Purple Debit Cards. I get the feeling this is a temporary offer while they discontinue MCO. I would suggest converting your MCO and locking in this deal before it goes back up again.
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