Crypto.com is now well known by many in the crypto world and out.
They recently bought the name rights of a famous american stadium, the staple center. The price they paid is ashtonishing: 700$ millions.
They now own the name of this stadium for the next 20 years.
This shows you how is their view of the future, they clearly want to be here.
It's also very good for the folks who want to subscribe to their 12% interest on usdc. To do this you would need to lock 4000 CRO tokens for 6 months (current price 2000$). When a company like that decide to make a 20 year move, it's clear that they are very serious and they know very well what they are doing.
This will just improve their interest rate program and will take gradually add more and more liquidity and TVL with time.
Their program will allow for the first investors to sell (without creating financial disasters) and for new investors to have better buy opportunities.
The trend of CRO is also a very good one, if it holds from this position and continue higher i can see it eventually reach 5$ (maybe even more). It's important to note that CRONOS incentivize holding for long periods of time. So, It becomes more convenient to hold the locked tokens instead of selling them for profit. Your profit will be the interest rate paid weekly and holding the CRO will let you be paid.
TA:
The overall structure looks very good.
The trend reached the top of the channel and it broke it in november 2021. Then it consolidated and re-tested it succesfully (for now).
We can also notice (orange arrow) that everytime we had a double bottom the price always continued higher. WIll it?
The RSI is also screaming oversold and bottom in, notice how everytime the RSI went under 30 a bottom was subsequential.
As now this token look so full of potential. We will see if in the next months btc will be a good boy. If so, prepare because CRO is ready to shoot to the sky and beyond.
They recently bought the name rights of a famous american stadium, the staple center. The price they paid is ashtonishing: 700$ millions.
They now own the name of this stadium for the next 20 years.
This shows you how is their view of the future, they clearly want to be here.
It's also very good for the folks who want to subscribe to their 12% interest on usdc. To do this you would need to lock 4000 CRO tokens for 6 months (current price 2000$). When a company like that decide to make a 20 year move, it's clear that they are very serious and they know very well what they are doing.
This will just improve their interest rate program and will take gradually add more and more liquidity and TVL with time.
Their program will allow for the first investors to sell (without creating financial disasters) and for new investors to have better buy opportunities.
The trend of CRO is also a very good one, if it holds from this position and continue higher i can see it eventually reach 5$ (maybe even more). It's important to note that CRONOS incentivize holding for long periods of time. So, It becomes more convenient to hold the locked tokens instead of selling them for profit. Your profit will be the interest rate paid weekly and holding the CRO will let you be paid.
TA:
The overall structure looks very good.
The trend reached the top of the channel and it broke it in november 2021. Then it consolidated and re-tested it succesfully (for now).
We can also notice (orange arrow) that everytime we had a double bottom the price always continued higher. WIll it?
The RSI is also screaming oversold and bottom in, notice how everytime the RSI went under 30 a bottom was subsequential.
As now this token look so full of potential. We will see if in the next months btc will be a good boy. If so, prepare because CRO is ready to shoot to the sky and beyond.