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The CRO, the original token of Crypto.com, a decentralized payment, commercial and financial services company, stole the spotlight while setting a new high for all time while the crypto underwent a major overhaul.
The CRO sets a new high for all time
On Thursday, November 18, the CRO jumped more than 20% to an all-time high of $ 0.5938. The rally began when the company paid approximately $ 700 million for a 20-year design rights agreement for the Staples Center in Los Angeles.
Crypto.com Coin (CRO) seven-day price chart. Source: Tradingview
In response to news of one of the biggest naming rights deals in the history of the sport, the CRO jumped to 15th place in the market cap rankings, as the project was valued at $ 14.56 billion.
On The Flipside
- The name change sparked a CRO rally it won’t happen until Christmas Day, When the Lakers take on the Brooklyn Nets.
Where is the CRO now
Unable to sustain its momentum as the crypto market tilted, the CRO has put downward pressure on it. At the time of writing, the CRO is valued at $ 0.5102, losing 2% of its value in the last 24 hours.
Crypto.com Coin (CRO) 24-hour price chart. Source: Tradingview
If it loses its strength, the CRO’s market capital will fall from $ 14.56 trillion to $ 13.05 as of Nov. 19, which is when Crypto.com Coin is ranked 19th in terms of market capitalization.
Why should you care?
Crypto.com Coin’s (CRO) price hike showed in the midst of a booming bear market what positive developments are taking place for cryptocurrencies and their growth.
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Fusion Media or anyone involved with Fusion Media will not be liable for any loss or damage as a result of relying on the information contained in the data, estimates, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading in the financial markets, which is one of the most risky forms of investment possible.
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