Great period for Crypto.com
Where is the CRO coin located ? We will find out shortly in a dedicated analysis. But first we need to say a few words about Crypto.com, the company behind the well-known cryptocurrency.
The big news is that the exchange has officially launched its US branch, just hours after the election of the new President Trump. Specifically, the exchange launched an institutional-grade exchange for cryptocurrencies.
According to company statements, U.S. customers will be able to trade over 300 cryptocurrencies, with as many as 480 exchange pairs. The customer base will include retail, advanced and even institutional investors (new). This is a big step forward for Crypto.com, which has always been one of the most dynamic companies in terms of development and marketing.
CEO Kris Marszalek was very pleased with this achievement, anticipating that a variety of portfolio management features will be available , as well as copy trading strategies and trading bots.
Most likely, the future of this exchange will be positive. Indeed, let us recall that the plans go far beyond what has just been announced, and the ultimate goal of Crypto dot com is to become a full-fledged bank. The process is already in place, the roadmap is defined, and the products currently available suggest that the mission will be accomplished.
Although it offers fees higher than those of some prestigious competitors (such as Binance, Bybit and Bitget), this reality is distinguished by a varied offer that has as its spearhead the crypto.com cards, among the best around.
With that in mind, let’s leave it to the numbers.
Cronos CRO technical analysis
Information to know:
- Current value: about 13.2 cents on the dollar (2 p.m., Jan. 23, 2025);
- ATH: > 90 cents on the dollar, end of November 2021 (source TradingView, Crypto.com data);
- Total supply: 30 billion;
- Circulating supply: 26.57 billion;
- Market cap: about $3.51 billion; 40th largest crypto ever.
Let’s move to the chart and analyze the momentum of CRO.
As with many cryptocurrencies, CRO experienced a period of strong growth starting in early November 2024. About a month later, the coin went above 20 cents per unit, a level it had not touched since the spring of 2022.
After that, the price began to lose ground, even touching 12 cents. However, on a technical level we are in a good position. The current pattern suggests a possible break to the upside, provided certain conditions are met:
- Selling pressure must continue to reduce. Therefore, outflow volumes must remain low;
- The current level, around 13.2 cents, should be maintained;
- In case of a restart, there must be increasing buying volumes that can support the action.
Given the uncertainty, utmost attention should also be paid to the following factors:
- General performance of altcoins;
- Price action of bitcoin;
- Possible events or contingencies that can shake up the market. Let’s not forget the very particular moment we are experiencing.
In the coming days we will know the fate in the short term of CRO: rise or breakout of the downward structure?
As for the yearly performance, it remains good with over 70% gain.
Where to buy CRO
The natural choice for buying the CRO coin is the Crypto.com exchange.
However, since it is a cryptocurrency in the top 100 by market cap, it is also available on other CEXs such as Coinbase, OKX and KuCoin.
In the decentralized sphere, the Cronos blockchain, of which CRO is the native coin with which gas fees are also paid, is the perfect place. There are several DEXs where you can buy and sell this and other coins quickly and cheaply.
