Crypto.com Coin (CRO) is the Crypto.com Chain’s native token.
The Crypto.com Chain was established to create a network of cryptocurrency projects. It let retailers accept bitcoin as a means of payment. The Crypto.com Chain is a high-performance native blockchain system. It will furthermore make transactions between cryptocurrency users and businesses that accept cryptocurrency easy, cost-effective, and secure.
Customers can utilize the Crypto.com Wallet App. They can finish checkout and pay for products and services with cryptocurrencies using Crypto.com Pay Checkout and/or Invoice. All business payments are made promptly in CRO, stable coins, or fiat currency. On the DeFi Swap, CRO is now available. When staking CRO, users can swap CRO, become CRO Liquidity Providers to earn fees, and increase their yield by up to 20x.
The CRO Coin price page is part of the Crypto.com Price Index, which includes the top cryptocurrencies’ price history, price ticker, market cap, and live charts.
The native token that drives the multi-functional Crypto.com blockchain, Crypto.com Coin (CRO), is currently garnering a lot of attention from investors, thanks to outsized increases over the last few days, fueled by a high-profile partnership with one of the NBA’s top sponsors.
Crypto.com Helps Users Explore Defi
To refresh your memory, CRO is a multi-purpose website that intends to accelerate the adoption of cryptocurrencies by providing consumers with a simple way to pay merchants, trade cryptocurrencies on an exchange, and explore the emerging Decentralized Finance (De-Fi) space. The native Crypto.com Coin powers the platform boasts 10 million members.
The platform has a multi-layered blockchain with different nodes serving another purpose. Each node also runs in a Trusted Execution Environment (TEE), such as Intel SGX, ARM TrustZone, and so on. TEEs provide a secure environment by concealing private data from node administrators. It is also allowing local and remote attestation of any code that the nodes interact with. Check out this whitepaper for additional details.
We’ve arrived at the root of the problem. The CRO Coin is now benefiting from a high-profile deal that will see the STAPLES Center, home of the Los Angeles Lakers and the WNBA’s Sparks. It renamed the Crypto.com Arena next month in a $700 million, 20-year arrangement. The partnership connects Crypto.com Coin with one of the NBA’s most well-known businesses. It is providing a valuable source of marketing and brand exposure in the process.
Crypto.com Coin gained almost 70% since last Tuesday during the announcement of the deal and currently trades at $0.6778.
Furthermore, the Crypto.com Coin is now at the top of the leaderboard when it comes to investor interest.
Is CRO the End of Crypto Graze?
While investors are clearly bullish about Crypto.com Coin as a result of this news, some are concerned that the transaction may have signaled the end of the crypto craze.
After all, the internet business CMGI had purchased the naming rights to the New England Patriots’ football stadium in a similar high-profile deal during the dot-com era, only for the market to crash shortly after.
Regardless of this ominous sign, the CRO Coin will soon become one of the top 10 cryptocurrencies in terms of market capitalization if it continues on its current path. Keep in mind that the CRO now ranks at 13th on this list, behind Dogecoin and Shiba Inu’s SHIB currency.
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