Altcoins

Why Cronos (CRO) Token Will Have Big Effect In 2022

Cronos (CRO) has been predicted as one of the several altcoins to watch out for in 2022. Formerly known as Crypto.com Coin, this token might become popular in a matter of months.

Bitcoin and Ethereum are the best and most popular crypto assets today. Several projects are being created to rival these top cryptocurrencies among which is Cronos.

Cronos has really shown the volatility nature known with other crypto assets alike. In the past months, the token has surged from around 10 cents per token to as high as 96 cents before falling back to earth.

In this post, we’ll see why Cronos has been predicted to have a big effect later in the year (2022). Before then, let’s know more about CRO.

What is Cronos?

Cronos is the native cryptocurrency token of Cronos Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company. The coin trades by the symbol $CRO.

Cronos was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao. The coin was officially debuted in November-December 2018 as Crypto.com Coin.

Cronos Token in 2022
Why Cronos Token will have big effect in 2Cronos Token in 2022

Cronos In Crypto Market

Cronos is one of the biggest cryptocurrency in the crypto space today. The coin is currently ranked 18th among thousands of crypto assets by CoinMarketCap.

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The live Cronos price today is $0.493107 USD with a 24-hour trading volume of $132,241,349 USD. It has a live market cap of $12,457,377,196 USD.

It has a circulating supply of 25,263,013,692 CRO coins and a max. supply of 30,263,013,692 CRO coins. The token is available on top crypto exchange worldwide.

What Makes Cronos Unique Among Other Cryptos

CRO blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions.

Users of the blockchain and holders of the CRO token has a lot to benefit which makes it a unique platform and token.

CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. The coins can also be used to to settle transaction fees on the Cronos Chain.

It doesn’t stop at that, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users.

As for crypto trading, the platform allows users to earn token rewards for select listings by staking CRO. Additionally, users can earn annual interest of up to 10-12% on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or Crypto.com’s metal Visa Card.

CRO acts as a tool that powers its platform’s drive to increase the adoption of cryptocurrencies on a global scale. The platform hasn’t stop to find and develop new uses cases to suits its users more.

Why Cronos Token Will Have Big Effect In 2022

CRO is already among the top crypto assets today as it is ranked among the top 20 cryptocurrencies by CoinMarketCap.

In its bid to rival the top crypto assets like BTC, ETH,  BNB, CRO has been involved in a number of high-profile marketing partnerships. Notable among its partnership is the renaming of the Staples Center to the Crypto.com Arena which was a massive deal.

Despite this is the price fall of the token. CRO is however regaining momentum on the back of another partnership deal. This time as an official sponsor of the biggest sporting event in the world, the FIFA World Cup which will hold later in the year (2022).

CRO’s partnership has made many crypto enthusiasts to watch out for its growth. Many have called to buy the token now as it has been predicted to pump later in the year.

No doubt, this partnership will make cryptocurrency as well as CRO itself to gain more popularity. It’s part in the Mundial will go a long way to stamp it’s presence in the crypto world but for how long is a question. The experts are mixed on providing Cronos price predictions for any length of time.

Either way, Cronos part on the global football stage will definitely have a big effect on the crypto community.

How To Buy Cronos (CRO)

CRO can be purchased in some of the top crypto exchanges in the world. The top cryptocurrency exchanges for trading in Cronos stock are currently OKX, CoinTiger, ByBit, FTX and BingX.

Here’s the simple steps on how to buy CRO. They are listed below in order

1. Compare the Crypto exchanges that support CRO

Cryptocurrency exchanges differ by fees, security and payment methods, so you’ll need to research which is the right fit for you. As a beginner, you don’t need a big range of features, and you can always change exchanges later.

2. Create an account on the exchange

You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address.

3. Deposit funds into your account

Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Cronos.

4. Buy Cronos

Complete your Cronos purchase and then find the best wallet to store CRO.

Conclusion

One of the more intriguing cryptocurrencies to watch right now is Cronos (CRO). The project has looked for ways to be better by being involved in high-profile partnerships.

Although it has been extremely volatile lately, its latest partnership as one of the sponsors of the FIFA World Cup in Qatar later this year will have a big effect. If this partnership drive another rally? Or is the party over with CRO? are questions to be answered with time.

Also Read- What You Need To Know About Stellar (XLM) Token

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You can buy and sell Cryptos such as BTC, ETH, USDT, Litecoin, etc on this platform at the best rates. If you ever find yourself in a position to buy or sell crypto coins in Nigeria or Ghana, Visit Prestmit, it’s the best platform for you.

 

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As a cryptocurrency and gift card expert, I am passionate about exploring the intersection of finance and technology. With a background in both fields, I bring a unique perspective to my writing, offering an in-depth analysis of the latest developments and trends in the world of digital currencies and gift cards.

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