{"id":201942,"date":"2021-11-23T19:00:59","date_gmt":"2021-11-23T13:30:59","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=201942"},"modified":"2021-11-23T11:46:55","modified_gmt":"2021-11-23T06:16:55","slug":"mapping-how-cro-managed-to-hike-by-244-in-november","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/mapping-how-cro-managed-to-hike-by-244-in-november\/","title":{"rendered":"Mapping how CRO managed to hike by 244% in November"},"content":{"rendered":"

The cryptocurrency industry is still at a nascent stage, regardless of its ascendence on the charts. And because that’s the case, the route to price discovery for various assets remains as variable as ever.<\/p>\n

In a similar context, Crypto.com or CRO token has made an exemplary statement in terms of cultivating its own growth without becoming a mainstream asset. In fact, the native asset for Crypto.com exchange grew by a whopping 244% in November 2021.<\/p>\n

Planting the seeds early but keeping it consistent?<\/strong><\/h4>\n

Well, the genius behind the token’s rise has been brilliant marketing and taking advantage of the bullish landscape. The initial coup came into being when Crypto.com and the UFC announced a historic partnership.<\/p>\n

Ultimate Fighting Championship is at the forefront of mixed martial arts competitions around the world. The organization has a global fanbase of more than 625 million, across 175 countries.<\/p>\n

Crypto.com first became UFC’s sponsorship partners, with the name ‘Crypto.com’ printed on all athletes’ merchandise – A splendid way of marketing.<\/p>\n

In fact, following the UFC deal, Crypto.com announced a partnership with Paris Saint-Germain, a premier European football club. Besides a partnership, Crypto.com also announced that a significant portion of the sponsorship fee will be paid using CRO.<\/p>\n

However, later announcements may have finally propelled CRO tokens’ valuation.<\/p>\n

Well, the initial announcement<\/a> came from Coinbase after one of the world’s largest crypto-exchanges listed CRO on its platform. Here, it’s worth noting that it is extremely<\/a> rare for an exchange to list an opposition exchange’s native asset on its platform. CRO’s listing, one can argue, was apparently led by customer demand.<\/p>\n

To add to this growth story, Crypto.com also bought naming rights to Lakers’ Staples Center in a $700 million deal. The deal between Crypto.com and LA Lakers is the richest naming rights agreement in sports. Curiously, CRO’s value jumped by 30% right after the announcement.<\/p>\n

How long will it continue?<\/strong><\/h4>\n

At the end of the day, bullish momentum eventually tapers down. Well, that might just be the case with CRO right now.<\/p>\n

\"\"<\/a>
Source: Santiment<\/figcaption><\/figure>\n

CRO breached the $0.30 range after months of consolidation, before surging by more than 200% over the past couple of weeks. Now, the short-term MVRV profit term for investors is reaching an alarming level. This could potentially lead to investors incentivizing their returns over the next few trading sessions.<\/p>\n

Network growth and Active Addresses have also aligned. This suggests that eventual decline inaction would lead the price down as well. In fact, for Crypto.com and CRO, this has been a masterclass in terms of bringing a new class of investors under their umbrella.<\/p>\n

The competition was already stiff with Binance and Coinbase around. However, marketing brilliance and hitting the iron when it was hot has led to a rally. One that is sustainable and possibly consistent going forward.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency industry is still at a nascent stage, regardless of its ascendence on the charts. And because that’s the case, the route to price discovery for various assets remains as variable as ever. In a similar context, Crypto.com or CRO token has made an exemplary statement in terms of cultivating its own growth withoutContinue reading “Mapping how CRO managed to hike by 244% in November”<\/span><\/a><\/p>\n","protected":false},"author":13,"featured_media":202065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-201942","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nMapping how CRO managed to hike by 244% in November - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Crypto.com or CRO token has made an exemplary statement in terms of cultivating its own growth without becoming...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/mapping-how-cro-managed-to-hike-by-244-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mapping how CRO managed to hike by 244% in November - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency industry is still at a nascent stage, regardless of its ascendence on the charts. 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