Why Crypto.com's Coin Surged Over 30% This Week

It's been a bit of a rough week for cryptocurrency investors. One notable exception is Crypto.com Coin (CRYPTO: CRO), which has soared more than 30% this week as of midday Friday. That's in contrast to the downward movement of Bitcoin (CRYPTO: BTC), the most valuable coin, which is worth more than double Ethereum (CRYPTO: ETH), the next-largest token.  

Crytpo.com, the coin, has now become the 17th-largest cryptocurrency, according to CoinGecko. That list can be fluid as investors jump in and out of what they deem the next hot token. But Crypto.com Coin (CRO) jumped this week for a different, and unique, reason. CRO was launched in 2018 as a product of the Crypto.com company, which was launched two years earlier. This week's token move was driven by another action taken by the company itself. 

Continue reading

Source Fool.com