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That way, if CRO's price falls dramatically, it will be disappointing, but it won't impact your overall financial situation too much.Īs an investor, it can be challenging to evaluate what is a pretty new and untested market. Cryptocurrency investments can be highly volatile and risky, so it's important to first cover your other financial bases and to only invest with money you can live without. Before you invest any money in 's coin, make sure your emergency fund is topped up and you're good on your retirement savings. Only invest money you can afford to lose.It looks likely that cryptocurrency exchanges and the decentralized finance industry will be impacted, especially if they have to follow stricter bank-like rules. is now inevitable, but it isn't clear what form it will take. Stricter cryptocurrency regulation in the U.S.

Be aware of the potential impact of upcoming regulation.

That could mean CRO still has room to grow, but it's important to understand what held it back before and how it might stand out from the competition in the future. FTX's token, FTT, was up 766%, and Binance's token, BNB, was up 884% for the same period. Before October, the coin had not performed as well as other exchange tokens.

Look at 's competitors and understand each one's strengths and weaknesses.

Look at the management team, what problem the coin solves, how many people might want to use it, and understand how the token works.

Research the coin carefully to understand its long-term potential.

If you're buying in the hope of another 180% gain in 30 days, you might want to think again. CRO may continue to rise, or it may stabilize around this price point. The cryptocurrency market is rife with speculation, which can often push a coin's value to unsustainable levels.

Be cautious when buying a coin that just hit an all-time high.

However, if you are buying CRO purely as an investment, here are a few things to consider:

CRO holders can earn better spending rewards on their visa debit cards, better interest rates on the earning product, and reduce trading fees. Staking is when you tie your coins up on a platform to earn rewards. If you're a user, owning and staking CRO can have benefits. 28 marked the start of a steady price rise for CRO. The commercial, entitled "Fortune Favors the Brave," is themed around what human beings have achieved throughout history by daring to pursue their dreams. Matt Damon is the face of its new ad campaignĪt the end of October, launched a global advertising campaign featuring Oscar-winning actor, Matt Damon. already has a string of sports partnerships, including Formula One, the NBA's Philadelphia 76ers, the NHL's Montreal Canadiens, and some European soccer teams. It will also make an official partner of the Los Angeles Lakers and the LA Kings, both of which call the Staples Center home. Press reports suggest the 20-year deal cost $700 million. From Christmas Day, the iconic sports and entertainment venue will be renamed the Arena. The Staples Center will soon be renamed the ArenaĬ grabbed headlines yesterday with news the company had bought the naming rights to the Staples Center. There are two main reasons for coin's positive movement: 1. But several exchanges don't list the native tokens of other platforms, so CRO isn't as easy to buy as other popular cryptocurrencies. CRO is its token, which customers can use to get discounted trading prices and qualify for better rewards.ĬRO is available from some top cryptocurrency apps and exchanges, such as Coinbase and (unsurprisingly). So what is the CRO token and why is it on the rise? What is CRO?Ĭ is a popular cryptocurrency exchange with over 10 million users worldwide. It means the coin is up over 180% in the past month and over 800% since the start of the year. The increase stands out because it goes against the crypto tide - there's been a general pullback in crypto prices in recent days. Indeed, CRO rose 28% yesterday according to CoinMarketCap data. The Coin (CRO) has just hit a new all-time high of $0.5931 before falling back slightly. Check out The Ascent's cryptocurrency apps for 2021