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Is The Crypto.com Coin (CRO) A Good Investment? - (x100 Altcoin?) - YouTube
Channel: MDX Crypto
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yes guys welcome back to the channel as
always so guys in today's video we're
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going to talk about one of my favorite
projects
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we're going to talk about crypto.com and
the cro token we're going to talk about
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whether it's a good investment
short term long term the whole thing i'm
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going to go through the fundamentals and
the technicals in this video
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so and and also basically if you stay to
the end i'm gonna give kind of my like
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strategy on what i'm doing with cro
uh also guys i'm a little bit ill i've
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got like something in the back of my
throat but
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i'm gonna crack on and keep doing this
video like i'm not gonna get
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let this illness go i don't know i don't
know what it is either guys but i should
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be all right
uh but basically yeah guys if you're new
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here please like please subscribe
really help support the channel and in
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this video like i said yeah we're gonna
go through the technicals
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and the fundamentals cro uh and also
because we had that swap between mco and
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cro we'll talk about that as well
but uh just whether it was a good
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investment guys uh and i'll see you on
the screens let's dive into it
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now okay guys let's dive straight into
this and talk about the cro token and
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whether it's a good investment so
i'm on the website guys we're going to
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start with the fundamentals like is the
cro token fundamentally a good buy
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for its utility like what's this utility
value
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then we'll get into the technical
analysis and the technical sides as well
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because that's different but there's two
ways of looking at this so
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here's the website guys um let's go from
the top so the cro token can be used in
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the exchange you can use it in the app
you can use it for the cards we'll get
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into that in a second as well you can
use
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in the earn scheme the credit basically
you're kind of getting the gist you can
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use
the cro token in every single facet of
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the cro of the crypto.com platform
and we just had the mco swap into cro so
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and put some stuff on the screen now
guys basically
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cro token was gonna be what it is the
utility token for the blockchain for the
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payment network
the krypto.com blockchain coming up you
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could also get
really good rewards in the exchange with
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the cro token as well they're doing up
to 16
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rewards on that token in the exchange
with the syndicate a few other things
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like that
um but what i'm gonna put on the screen
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now so the mco token is now the cro
token so
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the mco token used to do uh crypto
credit uh these do crypto earn
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and the card so let's go through those
three things so basically the first
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thing uh
let's go take the thing which gives me
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the most value so so here you go guys
here are the cards and these actually
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bring a lot of value to me because i
actually use these cards every single
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day
in you know spending in store so you can
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see it says here five percent back when
you spend and you get in cro
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roads that used to be mco rewards now
it's cro rewards
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and as you can see guys these are all
the cards so um i've actually got one of
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these i'll show you which one i've got
so this is the ic white
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i'm actually thinking about upgrading to
this one here because now you can get
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this card here for spotify netflix for
10
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000 in um cro tokens which i'll show you
in a second but right now i've got this
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one here so i've got the red card uh
getting two percent back and it's um
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yeah it's a great card it's made of
metal guys i really enjoy this service
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and every single thing i buy
i get two percent back which is pretty
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darn
literally guys i keep coughing it's like
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something in my throat but as i was
saying i can't remember what i was
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saying now yeah i've got one of these
cards and it's it's
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it's it's better than like most legacy
banks what they're offering so
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really like this stuff now let's say all
the utility of the cro has now moved
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into what the mco token used to do so
i'm thinking about upgrading to this one
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here you get three percent cash back you
get free spotify netflix
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and all you have to stake is 10 000 cro
which is actually cheaper
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than what it was with mco and also it's
only a thousand cro for the um
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the ruby red card which used to be more
expensive as well i
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think this is very very good actually
guys i think that now they've done this
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they had it at 5000 cr but they put it
down to 1 000. i think this will attract
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a lot of people staking
also when you stake 10 000 cro tokens to
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get this card
you also get 16 back in cro tokens
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annually so you're actually getting a
reward for staking those tokens unlike
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it was before and in my opinion guys i
can see a lot of people doing this into
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the future and um
basically to get one of these cards you
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have to stake i've also got a link below
i always shield this link but i've got a
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link below guys if you use if you use
that link to sign up to
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the crypto.com platform and order a card
you get 50
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free with it as well and i get 50 as
well guys so it's a win-win we all win
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and uh you can use that to get 50 free
in the platform for signing up
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um but i'm thinking about upgrading to
this because of that 16 you're going to
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get as well
and you can go up to like a million cro
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guys we get a whole host of different
things but
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this is a good this is a good thing guys
so i'm going like i said we're going to
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go through the utility of the token then
we're going to the technicals but
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now there's going to be more demand for
cro and it's not going to be split
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between mco and cro so
a lot of you guys watching this might
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not even know what the mco token was you
know might
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you might watching this in a year but
basically the token is now all
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encompassed into the platform so
also another thing i'm just going to go
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through the very specific things which
give me the most value
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i do use the earn scheme guys i actually
have money in this account right now i
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did
i did move a little bit over to block
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five recently because i think block five
some very good rates
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but i do use this platform as well for
this and now guys as you can see here
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when you stake ten thousand mco sorry
cro tokens 10 000 cro tokens which i am
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probably gonna do you can see that you
can get eight percent um pa
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on your cryptocurrency that would be
bitcoin for looking up for three months
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so it says to eight
on your crypto 10 000 cro isn't that bad
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guys that's actually cheaper than what
it was when if you were buying it with
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mco so
i see a lot of i see a lot of people
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doing this as well guys eight percent is
a ridiculous rate
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uh unstable coins are getting 12 percent
if you've got a bank right now with jp
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or whatever or natwest in the uk or
lloyd's
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you're getting like less than one
percent if you have a stable coin which
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is exactly the same
as the dollar you or a pound or whatever
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you want you can get 12
on it in this platform right now right
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now guys that is going to
whether you like it or not attract a lot
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of no coins into the space
who are going to hold us dollar and when
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it gets more legitimized uh stable coins
this is going to explode guys and bring
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a lot of staking
to cro again which is going to limit the
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supply we're going to get into the
technicals in a second like i said a
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million times but
i do believe that cro now has even more
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utility going into the future so really
really good guys
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and the last thing i wanted to go
through is the credit so i'm just going
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to go through things specifically
give value to me i also use this as well
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guys i put like i think uh
i think it was a half a bitcoin i got
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like 2 500 credit
uh paid it all off now and the great
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thing about this is you can choose
whenever you
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want to get you know basically get that
low pay that loan off sorry so there's
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no like fixed rates like a credit card
you must pay this every month
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you get a year that's it pay it off when
you want
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uh this is gonna bring more utility as
well guys so like i said the deposit ten
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thousand dollars get five thousand
dollars
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in free credit what's not free you do
pay for it obviously uh and you pay
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these rates so guys without uh any
so less than one thousand uh state cro
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you're going to pay 12
on your collateral so pa that's an
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annual rate so if you you know you
borrow say a thousand dollars you're
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going to pay 12 percent of that 120
that year uh and if you've got 10 000
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states you're only paying eight percent
which is very very low as well guys
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another thing adding more more utility
to
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cro token and i believe just generally
uh the card the earn and the credit
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are going to be the things which bring
in the most new users into crypto.com
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into the future i get the syndicate's
great and i get the exchange is great
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but most people aren't going to do any
the trading side of it and most people
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aren't really going to be getting into
syndicates and doing that kind of stuff
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like i get that's a very very that's a
good thing it's a good it's a it's
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almost like an exclusive banking product
you know
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most people just want to spend earn and
you know use this the limited
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that kind of the simple things right
obviously this is all encompassed in the
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app
so all you've got to do guys is come
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download the app uh and that's what i
like about it as well guys it's not
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gonna lie like they have a very very
good app and i think everyone's going
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mobile aren't they so
uh check out the app guys download it
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now let's look at some the technical
side of it and look at whether you know
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the cro token is going to be a good
long-term investment into the future so
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let's start with coin market cap then
we'll go on to trading view and do some
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more deep analysis but guys
overall guys you can come check this out
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obviously crypto.com so the first red
flag i'm thinking about the technical
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side is this guys and it it comes out
it is putting itself out like a sore
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thumb on the website there's a hundred
billion cro tokens right so
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if you guys didn't know the mco token
was a very limited supply
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i saw a lot of upside in the mco token
because of its limited supply
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uh knowing there was gonna be more
demand but guys that's changed there is
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a hundred billion tokens out there in
the market guys
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and only 18 billion are out there in
circulating supply so that means
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that crypto.com have the power at any
point to bring out another 80
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or more percent eighty percent of the
total circulating supply so they can
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dilute
inflate whatever you wanna freaking call
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it they can bring new tokens into the
ecosystem which is good smart it's a
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smart move long term i get it
because they know that this is a long
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play there's gonna be probably thousands
if not millions of more people are going
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to use this product
but guys this does mean that the token
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price you're seeing right now
actually you know in the long term could
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be 80 less not saying it
it won't be a higher or lower price i'm
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not saying it has to be a higher lower
price
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but at some point in time if they do
release these tokens it will be diluted
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by 80
meaning there will be a change of the
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price i'm not saying it has to be higher
or lower i'm just saying there will be a
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difference in purchasing power on that
token so
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this is a big red flag in my opinion
guys i'm not saying this is going to
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dilute the token supply tomorrow and
also if you're only staking
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10 000 cro it doesn't really matter
you're getting great benefits as well
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say you're staking
for the card and you're getting 16 on
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that that 16
will probably cover you anyway through
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inflation and also
you're going to be getting those
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benefits that free spotify that free
netflix i
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personally you know if i for 10 000 cro
this isn't really aimed at you if you're
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holding a bigger stack than that a big
part of this your portfolio is an
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investment
into this token for long-term growth
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then this would be something to look at
um and also guys the price today is
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massively i
you know i i don't want to say
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overbought because you can look at
bitcoin right now you can say bitcoins
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overbought
but long-term bitcoins probably very
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very low in comparison to what it could
be
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i believe bitcoin can go to over a
hundred thousand dollars in the future
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so
i this is this is this is a this is a
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gray area right now guys i do believe
there will
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need to be some type of pullback and
guys when you're trading
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cryptocurrencies
you know at the end of the day it's
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pretty much tied to bitcoin anyway if
bitcoin dumps to 10k tomorrow
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goes down say 3 000 all the other tokens
are gonna follow it
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uh just like how if apple took a dump of
you know
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like a thousand points tomorrow
everything else is gonna go down with it
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as well markets trend the same way so
as you can see guys like market cap in
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general it's three billion right the
whole entire market cap of crypto.com
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uh think about this as well like
crypto.com is a company which are going
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after
basically they're the cryptocurrency
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bank and they're better than obviously
legacy banks because there's much more
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ownership of your assets for the user
but it's a three billion dollar
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market cap right for this token and
because the token is so
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intrinsically linked to the utility of
the platform so if you want to
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participate in crypto.com you need
tokens
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um this means this is for me i believe
it's actually
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for long-term purchases today this
token's probably going to be a lot
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higher in the future obviously guys is
in financial advice but
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the token uh is three billion look at
apple it's a trillion dollar market cap
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okay i'm not saying that
crypto.com is going to be as big as
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apple but look at some of these banks
out there some of these banks have
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multiple hundreds of billions dollars
market cap as well in you know obviously
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equity price so if you believe that
cryptocurrency as a whole
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all of these tokens is the future of
finance which i do believe
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then i don't see any reason for a
company in the top 10 or 11
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right having a market cap of its token
of hundreds of billions of dollars as
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well into the future
so uh this could easily 10x or 100x
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long term depending on the company
successful right now i believe
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crypto.com do have a very good chance of
being successful they're doing great
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things they're on board and new years
they've got five minutes
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the the all of the graphs are showing
that crypto.com is growing massively and
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incentivizing you just to participate so
i'm rambling on but guys at the end of
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the day there's two ways you can look at
it
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right there's a lot of tokens out there
it's a negative in my opinion
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it's still very low in the long term
perspective what this company could go
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um so it's i'll say it this way guys
like
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short term let's have a look at trading
view so here's crypto.com on trading
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view as you can see guys it's massively
it's been going up a lot and the reason
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this has been finding support all the
way along here so well
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it's because there's so many there's so
many incentives to stake the token right
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there's a few good examples of this like
say eos the blockchain for instance
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there's only about 50 of tokens in
supply because everybody stakes it for
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rewards within the platform and a lot of
people get very good rewards doing that
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that means there's a less supply on the
market so the price you know when it
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goes up and down it's more volatile so
what you're kind of seeing right now
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is a lot of volatility to the upside
just because everybody's there's none
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there's nothing on this there's nothing
on the books guys everyone's staking
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these tokens so they're not in supply
and if everyone keeps staking and no
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one's selling obviously the price goes
up so
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let's just go through this let's just
let's just go through what i'm thinking
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guys like personally short term
i believe there could be a pullback in
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the price of cro tokens
um just because i do believe that
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bitcoin and this is obviously very
exclusive till today i do believe
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that bitcoin is probably due a pullback
at some point maybe to re-test 10k so
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if that happens guys i think there
probably will be a better price to get
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into cro in the short term
but long term guys i know there's a lot
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of tokens out there and i know it's
annoying how you know
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this mca token was so limited but guys
you've got there's a few things you got
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to say volume is only going one way
uh long term i do believe that this
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token has a long way to go and like if
you zoom out so you got like a monthly
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chart
you know at the end of the day guys this
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this token could be you know in the
future we could be looking at
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a move like this you know this thing
could come back down re-test and
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you know into the future this thing
could just keep going to the moon and
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it's a
it's a blue sky breakout from this level
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here which we're at the moment
sorry and long-term guys looking at
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market cap looking at all these things
i do believe that you know this this
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project if it keeps doing what it's
doing
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is going to have a higher market cap
into the future so long term it's good
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keep drawing all over the screen but but
basically guys the utility the sierra
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token is there so long term it's a good
buy personally in the short term i think
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that probably it's a better price to get
him and my personal strategy is probably
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going to have 10 000
no less than 10 000 cr tokens state in
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the platform at any time
so i'm always gonna have ten thousand in
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there and then uh in the future we'll
see how much more i allocate into the
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product into the platform so
really really cool guys i'll put some
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videos on the screen now to some more
videos about cro or whatever or
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krypto.com
uh use the links below to get 50 free in
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the platform and i'll see you guys in
the next video have a good day
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cheers bye
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