Yes, you should consider buying Crypto.com Coin (CRO) in 2022.
As we’ve already outlined in our Crypto.com Coin (CRO) guide, Crypto.com has evolved from a humble cryptocurrency exchange to a full financial service and blockchain juggernaut.
We’ve discovered that clients can obtain a wallet to buy/sell, apply for a crypto Visa card, receive brokerage services and even staking rewards by staking the native CRO token on either their CEX or Cronos blockchain.
This section of our guide goes over the token’s utility, takes a look at a number of expert price predictions and offers a final verdict on whether you should buy CRO in 2022.
Crypto.com ecosystem and CRO’s utility
In the company’s eyes, Crypto.com was also built in order to encourage the use of cryptocurrency as payment for transactions and to help build a network of cryptocurrency projects.
Initially, the CRO token was released to be the native token of the exchange, but it has since been used to offer clients rewards from staking, performing transactions and finally the world of DeFi via Cronos.
The entire Crypto.com ecosystem has seen major development thanks to the Cronos blockchain’s EVM capabilities, helping to provide cross-blockchain interoperability and providing a bridge between similarly compatible EVM blockchains.
Not to mention the fact that chains which support Inter-Blockchain Communication (IBC) are able to send selected coins from the Crypto.com exchange via Cronos and users of crypto.com can also bridge selected coins by using the Cronos network option within the exchange.
The CRO price history narrative
Since its release in 2018, CRO had seen some major growth.
From $0.02 as of January 2019, it had already risen to $0.09 by November that year.
Add another year and by September 2020, it climbed the price ladder to $0.17.
But CRO didn’t stop there, continuing to climb to $0.24 by April 2021!
For the rest of 2021, Crypto.com (CRO) saw some spectacular days, finding itself featured in both crypto and the mainstream news cycle.
There is no such thing as bad publicity after all!
First off there was the $100m deal between the company and Matt Damon, followed by the renaming of the Crypto.com Arena in downtown Los Angeles for 20 years and $700m.
This caused the price of CRO to reach an all-time high of $0.90.
While price has currently pulled back to around $0.48 at the time of writing, we’d rather attribute this fact to a wider market pause rather than any fundamental shortcomings of CRO.
Expert price prediction for Crypto.com Coin (CRO)
Expert price analysts have different price predictions for Crypto.com (CRO) over the coming years.
Let’s take a look at some of their predictions:
- PrecePrediction analysts have the farthest prediction of this token, analysing that it could get up to $18.56 in 2030.
- Gov.capital analysts predict that by 2022, Crypto.com might be worth about $0.94 and in 5 years the price should be $4.24.
- WalletInvestor analysts predict that the price to be $0.87 by 2022 and $2.07 in 5 years.
- DigitalCoinPrice analysts predict that Crypto.com would end this year at $0.82, end 2022 at $0.94, continuously have steady growth and close the year 2025 at the price of $1.63.
- Contrary to these predictors, CoinCodex predicts that Crypto.com will drop by the end of 2021 to a price of $0.31.
Final verdict on whether you should buy Crypto.com Coin (CRO) in 2022
As always, the decision to invest in a project is entirely personal.
From all indications, Crypto.com has the brand and money behind it, with plans of getting even bigger.
The Crypto.com Arena in LA has truly put the company on the map, but for them this is only the beginning.
Any future strength in CRO is poised to stem from both the exchange business and the Cronos network.
With this in mind, Crypto.com Coin (CRO) is worth considering as part of a balanced investment portfolio.
Best of probabilities to you.
Direct from the desk of Dane Williams.
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