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Time to take another look at the CRO token?

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by COINS NEWS 93 Views

I think the best is yet to come for the CRO token from Crypto.com, but I discuss pros and cons below. What do you think?

- CRO is grossly under-rated relative to other exchange tokens (like BNB). Why is that? They are certainly more US centric and legislated than Binance.

- A US exchange is about to launch (the crypto.com exchange is quite good and is used commonly outside the US).

- Successfully moved all the "locked" CRO for the visa cards to now be on chain staking, which helps improve tokenomics + validation.

- Meme coins (e.g. CAW "Crow with Knife") starting to gain popularity on Cronos. Personally think this is garbage, but it is helping grow the CROFAM community, and some are having fun with it.

- Titan upgrade coming March 26th which will dramatically improve performance (10x speed and swaps).

- Bitcoin halving in 3 weeks, and traditionally all alts, inclduing Cro, appreciate in price faster than BTC due to lower market cap.

CONS of CRO / CDC:

- Well documented that CRO is a CEX token, and it is arguable whether these are even required. Coinbase and Kraken don't have one (apart from "base").

- Visa rewards lockup / staking change all the time at the whims of the CEO, which can alienate users.

- While the Titan upgrade on Marhc 26th is very significant, it also represents a risk if it does not go according to plan.

Overall, I feel Pros outweigh Cons, but what do you think?

*Disclaimer: I am invested in CRO.

References:

  1. Crypto.com Review 2024: A Robust All-in-One Crypto Solution

https://www.coinbureau.com/review/crypto-com-review/

  1. Announcing the Cronos Titan Upgrade

https://blog.cronos.org/p/announcing-the-cronos-titan-upg

submitted by /u/OkSystem3281
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