CRO skyrocketed in 2021. Is Cronos ready for a massive rally?
From taking on the title sponsorship of the famous former Staples Center in a $700 million deal to partnering with several established names in the market, Cronos (CRO) is introducing novel ways to lure the mainstream to the cryptocurrency. With a series of bold moves, Cronos crypto has garnered the attention of investors and institutions worldwide. Curious to know why Cronos will skyrocket in 2022 and beyond? Read on.
Why Choose CRO?
Thanks to the rapid expansion of the Crypto.com network, CRN would skyrocket to new highs.
The CRO token is the utility coin that fuels the entire Cronos ecosystem. It also acts as the utility token for the Crypto.com exchange. Cronos, the token of Crypto.com, was designed to speed up the global adoption of cryptocurrencies by simplifying access and utility. It also aims to enhance the security of the cryptocurrency space and ensure that people have absolute control over their identity, data, and money.
Cronos saw significant growth last year, reflecting Crypto.com's aggressive promotional activities. The token, earlier known as the Crypto.org Coin, was rebranded to CRO to reflect the growth of the whole ecosystem and focus on decentralization and decentralized applications (dApps).
Will Cronos Skyrocket In 2022?
The growing user base of Crypto.com solidifies Cronos’s position as one of the best cryptos to invest in now.
Cronos aims to position itself as a player in the expanding decentralized finance (DeFi), Web 3, and other blockchain industries. Founded in June 2016, first as Monaco, it was later renamed Crypto.com after buying the domain name in 2018. Right after the renaming, the crypto quickly embarked on aggressive campaigns to actualize its mission to accelerate the world’s transition to cryptocurrency.
Kris Marszalek, the co-founder and CEO of Crypto.com, claims that the purported mission of the company is to achieve mass crypto adoption. To ensure this, the platform focuses on two imperative factors, security, and data privacy. The team has already laid plans to expand security protection for their growing user base.
The company has developed mobile applications to permit people to buy and sell cryptocurrencies and non-fungible tokens (NFTs) at true cost. This is a significant step in actualizing the four key solutions of Cronos blockchain, payment, trading, financial services, and the metaverse. The launch of Crypto.com Pay helped businesses to receive and make cryptocurrency payments seamlessly.
Factors That Help CRN Skyrocket To New Heights
Coalition with established high-profile brands has positioned CRO as one of the best cryptos for profitable returns.
Cronos Chain’s Partnership With Chainalysis
One key factor that has skyrocketed the price of Cronos lately is its coalition with blockchain intelligence firm Chainalysis. The partnership would help in providing real-time prices for assets and transaction monitoring tools for the Cronos (CRO) token and all CRC-20 tokens running on the Cronos network.
Moreover, this unique integration is a key milestone in the development and institutional adoption of the Cronos blockchain, as well as the digital assets deployed on Cronos.
Advertising And Sponsorship Moves
Crypto.com’s strategic partnership and sponsorship deals in iconic places have helped in pushing the price of Cronos tokens to new levels this year. The company has invested heavily in advertising to establish its brand and attract new customers. Starting from a global ad campaign starring Matt Damon to buying the naming rights to the Staples Center, which is now called the Crypto.com arena, the company has signed an extensive list of sponsorship deals.
It has recently become an official sponsor of the FIFA World Cup Qatar in Qatar, marking the crypto's presence on the global scale.
DeFi Projects On Cronos
With the launch of Cronos blockchain, dozens of popular apps have emerged in the Cronos ecosystem aiming to shake up the DeFi sector. Some of the significant DeFi projects that have fueled the value and demand for CRO include Very Very Simple Finance (VVS). It aims to make DeFi easy and fun for a wider audience. MM Finance is the first AMM and decentralized exchange on Cronos that offers fee rebates through trade mining. These potential DeFi projects have significantly boosted the adoption of Cronos network, skyrocketing the price of CRO.
Why Cronos Will Skyrocket: Expert Predictions
With everything going on in its ecosystem, CRO would certainly skyrocket to new all-time highs in the coming years.
“Price Prediction made a similar Cronos crypto price prediction that in 2022 it would average $0.092. It would then rise to $0.14 in 2023 then its CRO prediction shot up to $0.84 in 2028 and $1.7 in 2030.”
“Our CRO coin price prediction suggests the price could hit $0.15 in 2023 and $0.3 in 2027.”
Should You Invest $1000 In Cronos Right Now?
Cronos has unveiled bold plans for its future, making CRO one of the best cryptos to invest in now.
The Cronos chain is tremendously expanding, and many interesting DeFi projects have boarded its ecosystem. As a result, Cronos will skyrocket in the coming years. It aims to position itself as a true finance company with top-rated security in key markets like the United States, Singapore, and more. Moreover, the Cronos ecosystem represents the next major phase in the adoption and utilization of Web 3.0 by hundreds of millions of users.
Cronos appears to be a solid coin with good prospects and exciting potential. Crypto.com is a significant player in the crypto space, and so is Cronos crypto. With all the strategic partnership and sponsorship deals, Cronos appears to be a cryptocurrency worth adding to your portfolio.
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