Why Crypto.com Continues to Surge Today

Crypto.com Coin (CRYPTO: CRO) has surged more than 9% during the 24-hour period ending at 10:30 a.m. ET today. This surge has firmly placed CRO as the 13th-largest cryptocurrency by market capitalization, just below Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), in the 11th and 12th spots, respectively.

Today's surge appears to be a continuation of strong momentum from last week. Last Wednesday, Crypto.com signed the largest-ever naming rights deal in history, paying $700 million to put its name on what is now the Staples Center in Los Angeles (home of the Lakers of the National Basketball Association) for the next two decades.  

Image source: Getty Images.

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Source Fool.com