Can Crypto.com's Token Reach $1?
Crypto.com's (CRYPTO: CRO) Coin digital currency didn't get as much attention as high-flying meme coins like Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) last year, but it was still a top performer among cryptocurrencies in 2021.
Crypto.com Coin, from the crypto exchange of the same name, jumped 852% to $0.55, easily outperforming the largest cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Crypto.com Coin was up by almost 2,000% for the year by November, nearly cracking $1 at a peak of $0.96, but a sell-off across the crypto markets at the end of the year damped its annual return. The altcoin (essentially any coin other than Bitcoin) has also continued to slide this year as expectations of rising interest rates are deflating the asset bubble that grew during the pandemic.
But at a current price of about $0.48, is Crypto.com Coin a good candidate to cross the $1 mark in 2022 -- a milestone it surely will reach before Shiba Inu, which is the subject of similar speculation? Before we answer that question, let's take a step back and look at what makes the digital token unique.
Source Fool.com
