CRO Coin price: How much the Crypto.com currency is worth and what experts predict will happen to its value – iNews

The cryptocurrency Crypto.com Coin, known as CRO, has been growing in value.

One CRO token is now worth around $0.45 after reaching a record high of $0.51 earlier on Monday.

The coin has more than doubled in value since the start of the month.

Here is everything you need to know about it, including predictions for the future.

CRO was launched by the Hong Kong-based payment and cryptocurrency platform company Crypto.com.

It is an intermediary currency which allows cryptocurrencies to be converted into their fiat counterparts at a heavily reduced cost.

The platform has a transaction time of less than one second, and promises to support 50,000 transactions per second.

It is currently the worlds 22nd largest cryptocurrency, with a market cap of over $11 billion.

The Crypto.com company says CRO is part of its vision of putting cryptocurrency in every wallet.

Some bullish experts have predicted CROs value to rise past $1 in the relatively near future.

Analyst Ardarsh Singh says: CRO price has formed a strong bullish engulfing pattern in the daily chart which can push the price to a new high. If the coin price jumps above $0.55 then a strong rally in the future can be seen.

People invest at their own risk and cryptocurrencies are not regulated by British financial authorities.

All crypto investments are risky, but meme coins like Shiba Inu are particularly volatile, and you should be prepared to lose everything you invest.

The Financial Conduct Authority (FCA) warned in January: Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors money.

If consumers invest in these types of product, they should be prepared to lose all their money.

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown previously explained the risks to i.

She said: On top of being extremely volatile, most cryptocurrencies are unregulated, which not only adds another layer of uncertainty but also means that investors have little or no protection against fraud.

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CRO Coin price: How much the Crypto.com currency is worth and what experts predict will happen to its value - iNews