CRYPTO.COM Coin has attracted the attention of investors recently and soared in value.At the time of writing, the cryptocurrency is up by more than 13% over the past 24 hours and up by 148% over the last month, according to Coinbase.
1The value of Crypto.com Coin (CRO) has hit a new record high
However, investors should know that making money from cryptocurrencies is never guaranteed – and you may actually lose all the cash you invest.
That’s why you should never invest more than you can afford to lose, or into anything you don’t understand.
Cryptocurrencies are highly volatile, and their values can make large swings with no notice.
There’s also scant regulation for cryptocurrency firms, meaning you won’t have any protection if and when things go wrong.
What is Crypto.com Coin?
The Crypto.com Coin is the native token of the Crypto.com and Crypto.Org ecosystems.
Also known as CRO, it launched at the end of 2018.
The Crypto.com chain was created to build a network of crypto projects and to develop merchants’ ability to accept crypto as a form of payment, according to its website.
Businesses can use Crypto.com pay checkout and/or invoice to allow customers to pay for goods and services with crypto using the wallet app.
The firms then receive their payments in CRO, stable coins or in fiat currency, which is government-issued money like dollars or pounds.
Crypto.com itself is one of the fastest growing cryptocurrency businesses in the world.
Keegan Francis, crypto editor and expert of Finder, told The Sun the coin has many uses, but most notably is that it can be used to stake crypto on the mobile app in order to get the Crypto.com Visa debit card.
He added: “Staking higher amounts of CRO across the platforms rewards users with more features and rewards.
“Investors need to keep in mind that the token itself is tied directly to the success of the Crypto.com ecosystem.
“That being said, Crypto.com has taken the initiative to decentralize CRO by building it into their own decentralized blockchain called Crypto.org.
“This is a good step for them to take in order to ensure the longevity of their token.
“It creates less dependence on the company itself, and begins to build out an independent community of developers, and market participants.”
Crypto.com Coin price predictions
The Crypto.com Coin cryptocurrency has hit a record high today, reaching $0.4406 at …