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Crypto.com Coin (CRO) Price Updates

CRO, the native token for the decentralized payment, trading, and financial service company, Crypto.com, stole the spotlight for setting a new all-time high while the crypto suffered a major correction.

CRO Sets New All-Time High

On Thursday, November 18th, CRO jumped by more than 20% to set a new all-time high of $0.5938. The rally started after the company announced that it had paid approximately $700 million for the 20-year naming rights agreement for the Staples Center in Los Angeles.

The seven day price chart for Crypto.com Coin (CRO). Source: Tradingview

Reacting to the news of one of the biggest naming rights agreements in sports history, CRO jumped, reaching its highest-ever market cap ranking of 15th, as the project reached a valuation of $14.56 billion.

On The Flipside

Where is CRO Now

Unable to sustain its bullish momentum while the crypto market faltered, CRO has yielded to bearish pressure. At the time of this writing, CRO is valued at $0.5102, losing 2% of its value over the last 24 hours.

The 24 hour price chart for Crypto.com Coin (CRO). Source: Tradingview

Losing its momentum has seen CRO’s market cap drop from $14.56 billion, down to $13.05, as of November 19th, meaning that the Crypto.com Coin is now ranked as the 19th largest cryptocurrency by market cap.

Why You Should Care?

The soaring prices of Crypto.com Coin (CRO) amidst a progressing bearish market showed how important positive developments are for cryptocurrencies and their growth.

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    This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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    Author

    Milko Trajcevski has been in the crypto world for years, and as such has gathered both a skill for writing as well as a native prowess when it comes to understanding everything that occurs within that world. Through skilled writing and determination, he covers articles about cryptocurrency, tokens, blockchain, crypto-asset regulations, crypto wallets, exchanges, liquidity, DApps, forks, mining, security, and blockchain technologies. He is a professional with a track record of proven expertise within the crypto space.