Should I buy Crypto.com Coin (CRO) in 2022?

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Should I buy Crypto.com Coin (CRO) in 2022?




Yes, you should consider buying Crypto.com Coin (CRO) in 2022.

As we’ve already outlined in our Crypto.com Coin (CRO) guide, Crypto.com has evolved from a humble cryptocurrency exchange to a full financial service and blockchain juggernaut.

We’ve discovered that clients can obtain a wallet to buy/sell, apply for a crypto Visa card, receive brokerage services and even staking rewards by staking the native CRO token on either their CEX or Cronos blockchain.

This section of our guide goes over the token’s utility, takes a look at a number of expert price predictions and offers a final verdict on whether you should buy CRO in 2022.

Crypto.com ecosystem and CRO’s utility

In the company’s eyes, Crypto.com was also built in order to encourage the use of cryptocurrency as payment for transactions and to help build a network of cryptocurrency projects.

Initially, the CRO token was released to be the native token of the exchange, but it has since been used to offer clients rewards from staking, performing transactions and finally the world of DeFi via Cronos.

The entire Crypto.com ecosystem has seen major development thanks to the Cronos blockchain’s EVM capabilities, helping to provide cross-blockchain interoperability and providing a bridge between similarly compatible EVM blockchains.

Not to mention the fact that chains which support Inter-Blockchain Communication (IBC) are able to send selected coins from the Crypto.com exchange via Cronos and users of crypto.com can also bridge selected coins by using the Cronos network option within the exchange.

The CRO price history narrative

Since its release in 2018, CRO had seen some major growth.

Crypto.com Coin (CRO) chart from CoinGecko.

From $0.02 as of January 2019, it had already risen to $0.09 by November that year.

Add another year and by September 2020, it climbed the price ladder to $0.17.

But CRO didn’t stop there, continuing to climb to $0.24 by April 2021!

For the rest of 2021, Crypto.com (CRO) saw some spectacular days, finding itself featured in both crypto and the mainstream news cycle.

There is no such thing as bad publicity after all!

First off there was the $100m deal between the company and Matt Damon, followed by the renaming of the Crypto.com Arena in downtown Los Angeles for 20 years and $700m.

This caused the price of CRO to reach an all-time high of $0.90.

While price has currently pulled back to around $0.48 at the time of writing, we’d rather attribute this fact to a wider market pause rather than any fundamental shortcomings of CRO.

Expert price prediction for Crypto.com Coin (CRO)

Expert price analysts have different price predictions for Crypto.com (CRO) over the coming years.

Let’s take a look at some of their predictions:

  • PrecePrediction analysts have the farthest prediction of this token, analysing that it could get up to $18.56 in 2030.
  • Gov.capital analysts predict that by 2022, Crypto.com might be worth about $0.94 and in 5 years the price should be $4.24.
  • WalletInvestor analysts predict that the price to be $0.87 by 2022 and $2.07 in 5 years.
  • DigitalCoinPrice analysts predict that Crypto.com would end this year at $0.82, end 2022 at $0.94, continuously have steady growth and close the year 2025 at the price of $1.63.
  • Contrary to these predictors, CoinCodex predicts that Crypto.com will drop by the end of 2021 to a price of $0.31.

Final verdict on whether you should buy Crypto.com Coin (CRO) in 2022

As always, the decision to invest in a project is entirely personal.

From all indications, Crypto.com has the brand and money behind it, with plans of getting even bigger.

The Crypto.com Arena in LA has truly put the company on the map, but for them this is only the beginning.

Any future strength in CRO is poised to stem from both the exchange business and the Cronos network.

With this in mind, Crypto.com Coin (CRO) is worth considering as part of a balanced investment portfolio.

Best of probabilities to you.




Direct from the desk of Dane Williams.

Why not leave a comment on whether you should buy Crypto.com Coin (CRO) in 2022? All comments that add something to the discussion will be upvoted.

This Crypto.com Coin (CRO) blog is exclusive to leofinance.io.

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21 comments
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Crypto is clearly becoming the alternative market and the interest is pretty good compared to traditional market.
Crypto.com is building slowly but surely.

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As a brand name, they're at the forefront.

Going to be a huge part of mainstream adoption of crypto in general.

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I'm a raving fan of Crypto.com and the entire project, so yeah CRO is something I most definitely will always try to accumulate. Best part is, we get it for just using our debit card. Win win!!

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I heard you mention on one of the pods how easy Crypto.com was to use in Canada.

Although they've now got the Australian regulatory license, I still haven't signed up myself.

I've wanted to start using the debit card, but I'm really nervous about tax time.

I'll take the plunge eventually.

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That's one token that is not part of my portfolio at the moment but not sure how much I can spread. Still, I am hesitant about new investments as bears might poke around the corner.

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Totally understand as I'm in the exact same boat.

I have a small exposure to CRO simply to be able to use DeFi on Cronos.

But my main investment focus is still elsewhere.

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I signed up to crypto.com a few weeks ago because of the airtime it seemed to be getting, but this your expository on its token is making me realize that it shouldn't be just a passing fancy but something to give a serious thought.

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Definitely check out Cronos too.

A cheaper Ethereum clone somewhat similar to Binance Smart Chain.

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I still don't get how the taxes work when you use the card, do they figure it out for you? It sounds like a lot of work to figure out all them transactions. I heard you need to use the card a lot for it to be worth it.

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For what I understood now… I don’t think they keep track of taxes with it as you can load fiat or crypto currencies from another account I guess

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So you get a letter someday from uncle Sam wanting to see more about how you spent and didn't claim it. You know they will send any and all info to him.

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They have reporting tools, but it's completely up to you to file your return properly.

Complete uncertainty around taxes is the whole reason I haven't used the debit card as well.

I'm letting a few more guinea pigs attract the attention of the tax office before I get involved haha.

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I'm letting a few more guinea pigs attract the attention of the tax office before I get involved haha.

I love that comment! lol

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I'm a fan since getting the app (although it's a bit funny to use), the credit card and playing around with the Cronos network, so it's all good so far.

Funnily enough I bought my first CRO on Osmosis for pooling over there! That's now out as I realised it was pumping and didn't want to lose too much of it, I should put it to some use!

Defo one to accumulate more of I think.

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I'm the same, just playing around with CRO on Cronos.

We've talked about trying to diversify our DeFi exposure away from BSC before.

But with Cronos essentially being another branded blockchain, I'm not sure CRO is our long term answer.

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I agree that they have done well. I use their crypto debit card and have therefore some CRO staked. Nevertheless, they have been fueling this entire growth by giving out CRO and cash back. They paid their marketing events by probably selling CRO on the market (ie. dumping on us).
As they did a few years back, I believe once they will not control most of the CRO supply they might change again token and screw us.
Btw, do you know CRO tokenomics ? I do not even know the inflation rate, if it is a limited supply or unlimited, etc…

I should dig into it.

Overall, great for the crypto space for sure though.

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Just gotta remember that it's still a centralised, branded coin backed by a centralised company.

We've seen the pros and cons play out already within BNB, and CRO is exactly the same.

It's going to be interesting to see if these huge company's ever truly decouple from the coins and what happens to them then.

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Just signed up and am trying to navigate the app. Am I right in thinking that I can get the blue visa debit card without staking loads of CRO? I like the idea of being able to use crypto to buy goods and services.

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I'm just looking forward to see Crypto.com become a thing in my country. My main interest is the card. There's alternatives to most other stuff. But that upto 8% cashback in CRO is insanely good.

Hive is a feelsess blockchain. Cypto.com card is a feeless card with tons of cool features. Imagine getting interest + cashback + Netflix + Spotify with a Visa Card with no fees. That alone is enough to see massive bull run.
!PIZZA

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