Crypto.com (CCC:CRO-USD) has recently gained momentum as a network powerplay. It has also started to go public on a large scale thanks to its massive naming rights deal for the arena. A number of factors add up to drive up CRO crypto prices. Today the coin hits a new all-time high; Now investors are looking for new price predictions from Crypto.com (CRO) to see if the network can keep things going.
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The exchange Crypto.com is expanding its network. In the past few weeks, it has added many new cryptocurrencies to its trading rooms, making its offerings increasingly robust. It also adds credits backed by the superstar pupcoins Shiba Inu (CCC:SHIB-USD) and Dogelon Mars (CCC:ELON-USD). Today added scaling support for. added ether (CCC:ETH-USD) Deposits on its platform via a scaling network Polygon (CCC:MATIC-USD).
However, despite all of these additions and upgrades, the main thing that drives the mass adoption of the CRO of Crypto.com comes from the network’s formidable advertising campaign. In fact, the Crypto.com rally investors are seeing today comes from the platform’s recent naming rights deal with a major National Basketball Association stadium.
Crypto.com will be the new face of the Staples Center, home of the Los Angeles Lakers and Clippers, as well as a handful of other professional sports teams. The $ 700 million deal provides for the stadium to be renamed the Crypto.com Arena.
Crypto.com (CRO) price predictions are heating up with new, broad exposure
This isn’t the first time Crypto.com has clashed with the NBA. The Philadelphia 76ers’ jerseys feature Crypto.com logos as the platform is a sponsoring partner of the team. The move thus represents the network that is anchored more deeply in the room. The move is just one of many the network is undertaking to present itself to a new audience. The exchange is also launching its new ads featuring speaker and Hollywood movie star Matt Damon.
With all of these forces working in favor of Crypto.com, the platform’s CRO coin hits a new all-time high today. In fact, the coin is currently trading at over 86 cents after gaining 22% today. The new all-time high marks an increase of almost 1,400% since the beginning of the year. Can the coin maintain its momentum? Let’s look at some price predictions from Crypto.com (CRO) and see what analysts think:
- WalletInvestor’s 12-month forecast anticipates losses in the CRO value over the next year. The website expects the cryptocurrency to drop to 78 cents by November 2022.
- On the flip side, Gov Capital’s forecast is aimed at the $ 1 milestone. By November next year, the site expects CRO to break the $ 1 mark and a few more.
- The very optimistic DigitalCoin believes that CRO can rise well over USD 1 in the final weeks of 2021. The site is targeting a price of $ 1.32 for the cryptocurrency by the end of this year and a price of $ 1.51 by the end of 2022.
On the day of release, Brenden Rearick had no positions (either directly or indirectly) in any of the securities referred to in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s posting guidelines.
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