Crypto.com Coin (CRO) Rises on Bithumb Official Promotion
CRO was selected as Coin of the Week at the Bithumb exchange, sparking a rally as the market recovered.
Crypto.com Coin (CRO), the native asset of the Crypto.com ecosystem, has received a boost from Bithumb’s program to promote selected coins at the end of 2019. CRO was one of the selections for Super Coin Week.
https://twitter.com/bobbybaocrypto/status/1209043793351065605
CRO rose by more than 8% overnight, outpacing the general market recovery, where altcoins added between 2-4%. CRO traded at $0.037, up more than 16% on a weekly basis. Moves like that show that altcoins have the capability to rally and activate their returns rate, at least temporarily.
CRO has been on an expansion lately, starting from $0.025 at the start of the month. The asset is rising in BTC terms as well, moving up from a low of 360 Satoshi to above 490 Satoshi.
The Crypto.com ecosystem has moved beyond a card issuer, and has added a reward system based on CRO. The international card, however, is one of the easiest ways for direct transfer of crypto worldwide, and a conversion to fiat.
https://twitter.com/dotkrueger/status/1208895298312929281
Following the news, MCO, the native asset formerly known as Monaco, traded about $4.16, up from lows of $2.75 in the third quarter of 2019. MCO rose after Crypto.com expanded its delivery of debit cards.
The project also expanded the assets available, after activating Stellar (XLM) transfers:
https://twitter.com/cryptocom/status/1207243871588995072
EOS was among the assets listed also on December 18, adding one of the most prominent coins to the international payment card.
In November, Crypto.com announced its proprietary exchange, listing most of the base assets available through the card. Users of the Crypto.com app will gain access to direct mobile-based trading in early 2020.
Overall, Crypto.com has been one of the relative success stories in the crypto space, as the project expands into spending, trading, and app-based peer-to-peer usage.