riopal

CRO the beginning of the end.

Short
COINBASE:CROUSD   CRO/USD
CRO as many other PoS cryptos are now finding out; has a bear market burning rate issue. PoS is a return to the old central bank dilemma. You hold for more tokens/currency you burn for the advantages it provides. Without scarcity in times of Stag-Flation these tokens are best positioned to make ATL's. The problem with them from here is that banks are still getting money from the Central Banks and insurance protections. Crypto PoW used to be the biggest threat to banking due to scarcity but PoS now poses a threat that can be countered. I expect 98% of PoS tokens to face legal issues come 2023 due to the Infrastructure bill provisions which protect PoW (No Ethereum is not going PoS untill legal gets cleared. Anyone selling you its a update need is lying. Refer to the infrastructure bill to understand. Vitalik is smart, going PoS before the bill changes would be death.) and make it very easy for prosecurtors to go after PoS for a multitude of compliance challenges that border on the un-feasible.
Trade closed: target reached
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