CRO token

CRO token hits new all-time high by gaining more than 30%

CRO token hits a new all-time high by adding 30% to its price in a single day. Lakers Arena Deal has turned out to be a blessing for the token. Crypto.com has reached $0.57 in this price rally by breaking the previous ATH of $0.50.  

CRO token hits new all-time:

Data from the CoinGecko is showing that CRO token has added 30% to its price. This increase in price has made a new ATH at $0.57 price by breaking the previous record of $0.50 set on November 15, 2021. Surprisingly, the price of the CRO token tripled in the last month and rival exchange Coinbase made this token available for trading. Let’s see what could be the motive behind this price rally.

CRO token
The Price chart of CRO by CoinGecko

The Singapore-based exchange’s $700 million deal to purchase naming rights to the Staples Center, announced last night, has accelerated the exchange-based coin’s upward trajectory. The Staples Center is home to the four professional sports teams, Los Angeles Lakers, Clippers, Sparks, and Kings. Such a location for any exchange would be an opportunity to take on the firms like Binance, FTX, and Coinbase.

The CRO coin is one way for Crypto.com to compete for new customers who stumble across the name, whether that’s at the basketball game, on a TV when the firm’s Matt Damon commercial is playing, or elsewhere. The rewards are given to the users of the firms which can be used by the customers to access the services at a discount.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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