Crypto.com Coin (CRO) price update
CRO is the native token of Crypto.com, a decentralized payment, transaction, and financial services company. It has become the focus of attention when cryptocurrency has undergone major adjustments while setting a record high.
CRO hits a record high
On Thursday, November 18, CRO rose by more than 20%, setting a record high of US$0.5938. The rally began 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.
Crypto.com Coin (CRO) 7-day price chart. Source: Tradingview
After the news of one of the largest naming rights agreements in sports history, the CRO stock price jumped, ranking 15th in the highest market value in history, and the project valued at 14.56 billion U.S. dollars.
on the other hand
- Triggered the name change of the CRO rally Will not happen before christmas, When the Lakers played against the Brooklyn Nets at home.
Where is CRO now
Unable to maintain its bullish momentum when the crypto market faltered, CRO has succumbed to bearish pressure. At the time of writing, the CRO is worth $0.5102 and has lost 2% of its value in the past 24 hours.
24-hour price chart of Crypto.com Coin (CRO). Source: Tradingview
As of November 19, the market value of CRO has fallen from 14.56 billion U.S. dollars to 13.05 U.S. dollars, losing momentum, which means that Crypto.com Coin is now ranked the 19th largest cryptocurrency by market capitalization.
Why should you care?
The soaring price of Crypto.com Coin (CRO) in a bearish market shows how important positive development is for cryptocurrency and its growth.
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