CROUSD: buy setupCMC #18
" What Is Crypto.com Coin ?
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.
Who Are the Founders of Crypto.com Coin?
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.
What Makes Crypto.com Coin Unique?
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.
How Many Crypto.com Coin Coins Are There in Circulation?
The total supply of CRO is limited to 100 billion coins, all of which were created when the blockchain went live — making it a non-mineable cryptocurrency. Crypto.com did not rely on pre-sales, public-sales or an initial coin offering (ICO) — instead, the coins will only be distributed via secondary distribution.
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.
How Is the Crypto.com Coin Network Secured?
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." source: coinmarketcap
CRO
CRO Token Breakout!After Months of steady accumulation around deep value areas Fibonacci wise (between .786 .886), consistent higher lows and hidden Bullish divergence on the 1d, 3d, weekly and classic bullish divergence on the 2d on the MACD and RSI, the Crypto.com Token CRO is finally about to make a massive breakout, which could pump the token to its former ATH and probably even beyond if the macro stays strong.
The composite man seems to have all the tokens he needed and is now ready for take off.
Also fundamentally CRO is a very nice token since most of it gets staked by users of the Crypto.com Credit Card which is a very cool product if combined with the fair lending service that allows users to lend out their crypto in exchange for stablecoins which then can directly be topped up on their Visa Debit Card. For every transaction the user receive % of Cro tokens. If im informed correctly their Blockchain will soon go Public or make a Testrun of some sort.
After all the FUD around the MCO and CRO token Crypto.com seems to have manged all the Issues they had and probably will become very Popular among new Crypto users and also Veterans again.
Should have posted this Chart back in December when i started accumulating CRO, but i couldn't imagine that someone would be interested in my analysis. But i received so much positive feedback for my charts that i will now start to publish my ideas as much as i can. I appologize for the missed opportunity to give yall a good long entry :(
Update on CROA couple of weeks ago, i posted an idea thinking we reached the bottom. Now, i'm not so sure anymore. It looks like CRO is stuck in the red channel. It tried to escape but it made 3 tops. The fat green line was support, but it couldn't hold and became resistance (a little bit soon to say maybe). So there might be a buy opportunity at $0,05. Crypto.com is planning to tie a dollar value to it's debit cards in stead of a steady number of CRO. I think there will be less incentive to hold CRO followed by a lower price.
#CRO looking bullish in the near future / #BTC #uptrend #cryptoAccording to these 3 indicators, CRO is looking like it's back in business to go bullish. Buy the rumor sell the news.
Why did CRO dip to begin with? Well, since it started it hasn't been main net, including now, but it will within the next month or so (early bird special!). Prior to its dip, it was able to make its way to rank 9 in the world! So, it has candles waiting that high for future potential explosion gains at 17c, reputation, history, dependability and credibility (it has so many certs as a crypto exchange in terms of stability and fallowing laws in every country they work in, tons). That being said, to suffice for its future growth in creating a stable and streamline global exchange offering leverage trading as well, gift card offers, crypto to debit card offers ranging from 1% to 8% cash back depending on how much CRO you stake, staking in a long list of popular cyrptos, in-app customer service, etc, it had to reduce the amount of staking passive income per their CRO staking and other stakings they offer, which is a long list (I'll be honest, celsius wallet offers the most staking passive income but the list is minimal in comparison). Also, it used to carry a crypto called MCO but CRO is so multifunctional and had been so successful and was in a constant uptrend 3 quarters of in 2020 that they decided to migrate MCO into CRO and offer staking agreement migration from MCO to CRO plus an money air drop depending how much MCO you had. Some investors were upset about this because they LOVED their 16% passive monthly income staked in MCO which at the time had been sideways most of the year at roughly $3 to $5.50 compared to CRO's constant uptrend from 5c to 17c in just 3 quarters of 2020; yes, all of their drama was JUST because of staking passive income, nothing else, and investors were informed months in advance. The exchange is user-friendly and I've noticed on FB new crypto investors adopting CRO exchange app. Because of that, investors who were JUST interested in staking rewards abandoned them for Celsius, which as you can see is doing really good( they dont stake link or dot, one of those, thats a bummer if you pland to HODL them as they reach $100 by the end of the year)
That being said, with their newly developed wallet aps and much more, its getting close to releasing main net soon. Risk and Reward: the risk is over in my opinion, they needed to get people interested in the app to create their platform by offering crazy staking rewards at first, but the reward is a global exchange that allows people to use their passive income or sell crypto in order to make purchases through their Visa cards(this is the essential idea of what crypto is designed to be after all) and a "Omni-platform" for crypto investors and traders, like bells and whistles plus some. They do offer the ability to do your taxes, their HQ is in Hong Kong. They are a centralized exchange with many many certs which the upside to that is it won't experience an XRP scenario, but, ***************it is first in the game as far as stability goes in the crypto exhange field. ********************** That doesn't mean it's as prestigious as Binance, it just means theyre less likely to bump into walls long-term as far as legality goes.
Is CRO a good investment as a whole?....before I would've said wait. Personally, I love being able to spend my crypto, and personally, BUT I think the hard times they faced in 2020 q4 are behind them. They are the exchange that are & will usher in new investors into crypto and bitcoin 100%. Would I put all my eggs into CRO basket? NO, obviously there are way more profitable cryptos. Will it offer potential future gains? Absolutely. when they reach 17c again this year especially after releasing they main net soon in q1 or q2 you can expect CRO to be a good bag to have had early in the game, with price targets ranging from 20c to 50c and beyond if they keep up the pace, but I think they will considering money printer going brrrrrr, covid, and big banks transitioning into crypto creating more crypto hype.
I say all this NOT because I want you to buy into this not at all, but because I've been with them from q2 last year and have been up to date with them for the most part, and I continue to see more people not knowing what the F happend in q4 2020. I prefer to HODL with them because I think their exchange has meritable security and options compared to the many cyrpto apps that aren't coinbase or binance or phemex; its just good at being streamline and dependable. For people who don't know anything about CRO and its business, this is a good update to reference, and that is the reason for me writing this all out. Also their CEO Kris_HK on Twitter is extremely afficient on keeping folks up to date on the dime if any updates are taking place.
I love the Ichimoku indicator and on the Daily it's looking like its back in the limelight so I am happy to see it doing better now and look forward to seeing its progress this year. If you do decide to get one of their cards though, you will get passive income every week fyi. OK, that about wraps it up for this. My first time writing this much about a crypto so I hope I was clear in describing them.
CRO ready for a breakoutCRO has been in a devastating bear market since September. However, this past month or so has seen signs of a reversal breaking out of its ending diagonal. During the pullback in cryptos, CRO has shown strength and has exceeded resistance, but not yet closed above it. However, it does appear to be doing that very soon. And if it does, lots of runway for the bulls with only serious resistance at 0.155. Good luck all.
CRO USD- trend updatePossible levels of support and resistance as well as potential breakout and breakdown levels.
It allows identify the most powerful areas from which price can turn and to get more accurate trading signal.
The first wave of the trend has passed and the correction has clearly begun.
VERY BULLISH ! ! !
The CRO's LIVERMORE SPECULATIVE CHARTWhile everyone is hatin' on CRO and super bearish even saying cro is dead, I decide to bet against the contrarian.. I think right now CRO is pulling the "Livermore Speculative" pattern.. it may or may not be the bottom, regardless I think strong upside will happen again pretty soon!
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jstradingnotes.files.wordpress.com
#CRO vs #SXP Price Tracking#CRO vs #SXP Price Tracking
$SXP DUMPED MORE Silently then #CRO, as per its short life Vs price manipulation
HUOBI:CROUSDT
BINANCE:SXPUSDT
Crypto.com CRO - Another Contender for BinanceCrypto.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.
one of decentralized exchanger.
if u see the chart, it on the lowest point for support now.
commonly if it break the support then, it will go lower.
but if failed, it going up again.
i quite dislike decentralize exchanger today.
as now the put a very high minimum to but a crypto.
i never try this one myself.
i buy a token first. who knows might crossing Binance exchanger soon.
very cheap at the moment.
Current
rank 20
$0.063825 USD (-3.07%)
0.00000337 BTC (-0.60%)
0.00010834 ETH (1.06%)
Cro Crypto.com Will it be a Happy New Year $CRO Levels. This game has Levels to it.
$CRO looking to carve out a bottom and get back to highs by the end of the year.
We have 2 simple targets, first spend a little time in a channel between 360 - 420
Target 1: 750 by mid December, give CRO a couple of weeks to reaccumulate to break resistance .
Target 2: 1,400 by the end of the year.
Kris, the CEO for Crypto.com recently tweeted about some key points that is going to have a very positive effect for CDC.
Quote
"On 1) we just received a large batch of metal cards for EU/UK which will lead to a massive reduction in backlog over the next few weeks.
Having completed the transition to Railsbank, we are now moving forward with implementing virtual cards, which will allow for instant usage."
Also CDC have joined the VISA fast track program. Visa is helping its 60+ Million merchants to enable Crypto payments.
WalletConnect and MetaMask are now integrated with Crypto.com Pay! Again, increasing their user base.
Canada soon able to use the Crypto.com Visa Card. Opening a huge market.
Margin trading in Beta, bring many more customer to its fantastic Crypto Exchange.
Plus many other smaller and just as important details.
Overall Very Bullish for $CRO
Maybe consider buying CRO when it hits the double bottomCDC has this policy where they release incredibly bearish news, lol at the CRO sell-off then they "listen to their customers" and toss a few peanuts out for the circus animals. My assumption is that this most recent rise will compel a few lingering bitter customers to sell off, then we'll see a double bottom, and then maybe CRO will consolidate. Maybe.
CRO near the bottom?In the past we had some bearish divergence, and a drop followed. Now we have some bullish divergence and a cross on the MACD. So i'm starting to think that we (almost?) reached the bottom. If not, 2.5 cents is the next bottem, and that's the only place where i would buy more but i don't think we will go there (cards would be very cheap then).
If you don't have a card yet, i think now is a OK time to buy a 2.5k or 25k CRO card. Higher than those is always a big risk. I'm a fan of the cards and i use it a couple of times a week. For those who are interested: I have an Icy white.
The reason why the price is pretty low is because of some bad decision from crypto.com(CDC) and they made the community a bit unhappy, i talked about it in my previous post about CRO. Now there are some more restrictions on cashback with the card, that's why it is still going down is my guess.
But not everything is negative, they are a crypto company with 5 million app users (this does not mean that every uses it, they just have an account) and working products: like the cards, exchange, earn, pay, ... So when all this negativity blows over, i think CRO will go back up. Best time to buy is when everybody is panicking. If you are planning to buy some CRO, maybe wait until we closed above the red line (20 day MA).
Also there is only 21.7 billion CRO in circulation, and 78.3 billion in the hands of CDC So the price can easily be manipulated.
let's wait and see!
CRO dump 400%Greetings,
The daily schedule of the CRO tool, quite an interesting project, has been developing since 2017. It has its own stock exchange, wallets, and many other interesting projects. 19th place in the CMC. It trades only on the spot, it's a pity because I was waiting for a dump from the August high, and even made an idea about it.
In August, the price formed a double top, the opposite of the double bottom patern, and very often if you see what. the market you smile he wants to take away your money).
After the high, the price has been corrected by 400% or to 1 Fibo. The price is testing the support area 350-370. Exactly from this zone, the last time, the rebound started. But this does not mean that this time, especially with an increasing bitcoin, may well draw a downtrend channel and in this case, the price will test a downtrend and this is bad, as the bottom may be very far away there is no support.
Trading options of the instrument
1) Cancellation and confirmation of support 350-370
Trading from the borders of the channel. 2. If the price leaves and gets fixed below the support zone, it will break away from the trend when an upward trend develops.
Always use Stop Loss and do not use leverage more than x3.
A trader should always have tomorrow.
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CRO USD Volatility Bounce / Short long termCRO has been dropping fast following a lot of community drama over changing interest rates for CRO staking. CRO may have a small short term bounce as speculators buy the dip, but the overall trend is likely to be downward int he medium term. CRO's actual utility is limited, and it's entire value at present is essentially tied to interest rates (which were dropped without warning) and trust in Crypto.com management, which has taken an unprecedented blow. Couple this with the history of MCO and Paypal competing in the same space, and there is simply not much reason this coin has any value at all.
TLDR: Coin has lost underlying value. Pure speculation keeping it afloat, likely to collapse further.
Cro Crypto.com Token How low can you Cro? Lets keep it simple.
We have 3 clear Target Zones.
Target 1 - 650
Target 2 - 593
Target 3 - 362
Then the last line of defence (which noone wants to see get broken)
As a trader you would want to see the following.
1- Price reaches 650 region (give or take a few sats) and becomes new floor. Price above would need to break previous resistance at 800.
2- Price falls through 650 but finds plenty of support at 590, tests it a few times before breaking previous resistance at 800 and turning that into support.
3 - Price drops to 360 region and unless there is some seriously wrong with CRO price should hold strong here and provide the perfect entry price.
Moral is low.
Faith in team is low.
Product (card cashback, perks) is strong.
Lets see how this theory plays out.
Mainnet by the end of the year (if released by then) should provide a much needed relief in the sell pressure.
Possible 5th wave incoming from CROOKEX:CROUSDT This will maybe play out. I think with the amount of volume in this run, it is hard not to see it as an impulse wave rather than a 3 part correction. If so this will hopefully lead to one more leg up. Pick it up soon or wait for the confirmation. It is extremely oversold with bullish rsi divergence. Strong support incoming at the .0710 range. This is the daily chart.