A cryptocurrency user and ambassador for Crypto.com has bought over $5,000 worth of the CRO altcoin, which he believes is undervalued. CRO, the native token of Crypto.com, currently sits at $0.08 with a market cap of approximately $2 billion, whereas its competitor Binance Coin (BNB) sits at $318 with a market cap of $50 billion. The user argues that CRO’s low price and limited supply make it attractive to whales looking to accumulate. Additionally, Crypto.com’s regulatory compliance, security, and privacy certifications, as well as its CRO green card, add to its appeal as a long-term player in the cryptocurrency space.
The Undervalued Cro Token: Why It’s Set to Explode
In the last month, one cryptocurrency altcoin has caught the attention of crypto enthusiasts, and that is the Cro Token. In a YouTube video, the speaker shared that they have invested more than five thousand dollars in this token and believe it is undervalued.
Crypto.com and Cro Token
Crypto.com is the world’s leading cryptocurrency platform with over 80 million users worldwide. The platform is known for its regulatory compliance, security certifications, and comprehensive insurance coverage. Additionally, it has verified their proof of reserves, making it a trustworthy platform.
At the time of the video, one Cro Token is sitting at eight cents, with a market cap of just around two billion dollars. Finance’s token, the BNB token, is sitting at 318 dollars with a market cap of 50 billion dollars.
Why the Cro Token is Undervalued
The speaker shared that they believe the Cro Token is undervalued, and here are some of the reasons why they think so:
Burning of Tokens
Last year, Cro burned 70 billion of their tokens ahead of the full blockchain launch. They’ve been burning even more tokens, and the total supply is capped at 30 billion. This means that if whales start accumulating this cryptocurrency, the coin could skyrocket as a majority of the tokens are already in circulation.
Circulating and Total Supply
According to Coin Gecko, the circulating supply today is at 25 billion with the total supply at 30 billion. This means that not a lot more of this total supply will be reached, making it a scarce resource.
Fair Value of the Token
At the time of the recording, the fair value of the Cro Token, according to data and analytics, is right around 12 to 16 cents. This means that if the Cro Token were to go back to its fair value, investors could double their money.
Other Reasons to Invest in Cro Token
Aside from the reasons mentioned above, the speaker shared that there are other reasons to invest in the Cro Token. These include:
Crypto.com is the first virtual asset platform to achieve ISO 2 27017 and ISO 27018 security and privacy certifications, making them an industry leader in regulatory compliance, security, and privacy.
Safeguarding Crypto Assets
Crypto.com introduced Ledger support for the crypto.com wallet extension, giving added security to investors.
Cro Green Card
One of the most appealing debit cards in the market is the Cro green card. If an investor stakes four thousand dollars worth of Cro Token, they can get this card, which offers two percent cashback.
In conclusion, investors who are looking for a promising cryptocurrency investment can consider the Cro Token. Although there is no guarantee of its success, the token’s current undervaluation, regulatory compliance, and security features make it an attractive option for crypto enthusiasts.