Crypto.com Coin is Both a Speculative and Sensible Investment. When it comes to cryptocurrencies, it isn’t exactly breaking news to state. That the market isn’t exactly having a good time right now. Bitcoin’s market value decreased by approximately 9 percent. In the preceding week on the final weekend before Thanksgiving. And just a few hours before the Qatar Grand Prix — according to CoinDesk. Crypto.com Coin, on the other hand, is up a mind-boggling 55.5 percent since its inception.
Let’s face it: we’re in a bind. When it comes to cryptocurrency volatility, despite the claims of blockchain asset proponents. That it is as unpredictable as the hands of an analog clock. We don’t typically see changes of 50 percent or more in a seven-day period on a consistent basis. Don’t get me wrong, it does happen, but when it does, it makes for compelling news.
Of course, what distinguishes Crypto.com Coin even more is the fact that it has an inverse relationship with the price of Bitcoin. It has been a long time since the difficulty that has hampered the better integration of virtual currencies. Has been that the wider market has tended to follow Bitcoin. This means that building credibility for a cryptocurrency initiative. Is tough because its underlying tokens will eventually look and behave like Bitcoin.
Consider what would happen if the S&P 500 index followed the ups and downs of a single stock. Eventually, the entire industry of financial analysis would come crashing down. Earnings? What is the difference between fundamental and technical analysis? You wouldn’t have to bother – you’d just take a look at the one stock and be done.
Crypto.Com Coin is All Business
Crypto.com Chain, according to Coinmarketcap.com, “is a decentralized. Open-source blockchain established by the Crypto.com payment. Trading, and financial services organization.” CRO is the native cryptocurrency token of Crypto.com Chain. Which is described as “a decentralized, open-source blockchain.”
“Crypto.com Chain is one of the products in Crypto.com’s array of solutions meant to promote. The global adoption of cryptocurrencies as a means of strengthening personal control over money. Preserving user data, and protecting users’ identities,” the popular website notes. “The Crypto.com Pay mobile payments app powered by the CRO blockchain. Which is its primary function.”
The Crypto.com Coin appears to be yet another decentralized payment and financial services ecosystem. Regardless of the semantics involved. In terms of differentiation from the competition. Though, I would point to what I would call the company’s “business-first attitude.”
As I’ve previously described in my coverage of Crypto.com Coin, the underlying platform. Recently secured a five-year sponsorship contract with Formula 1. Which came at a cost of more than $100 million to the company. Simply said, this move is wonderful in and of itself because Formula One. The world’s premier car racing league (sorry NASCAR lovers). Is a sport that is continually increasing.
CBS News said, using data from USA Today, that “Formula 1 in 2020. Experienced the biggest rise of any professional sporting entity. In engagements across social media platforms. Including as Facebook, Twitter, Instagram, and YouTube, demonstrating a 99 percent increase.” Considering that more than eight out of ten Americans acquire their news through digital devices. Having a strong online presence is a significant advantage for Crypto.com Coin.