CRO 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.
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CRO at $0.078 as of writing. Trading remains open on this prediction as there is still $0.078 for CRO to fall before it reaches $0 in the inevitable future.
1 year prediction: CRO at $0.02 or below on 11/6/2021. Make sure you check back to confirm.
Trade closed manually
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CRO manipulated higher by token burn. Previous analysis did not include such a drastic shift in tokenomics. Further price analysis challenging or impossible without ability to predict actions by centralized crypto.com control of this coin.
I dont want to buy cro but since I still has fund from their app. I tecently sold my btc and after I finish the transaction, all my fiat convert to cro. Few hour after that, if drops a lot. I lost almost thousand dollar on this.