The coin I'm talking about in this post may not be new for some people, but let me tell you that it is actually not a new project in the crypto market. The coin name is CRO, which is the coin of a very popular crypto exchange operating globally, and the crypto exchange name is crypto.com. This is a popular exchange, and it is also known because of the aggressive marketing, and hopefully, you have seen it in the ecosystem.
The exchange has also got blockchain, which is called Kronos, and this token is heavily used there, but I really don't understand why the price for this coin is low, which is less than 7 cents this time, and I remember its all-time high, which was almost 70 cents in the last cycle. I was expecting a great increase in its price this time; however, that did not happen. But I'm still hopeful that things are going to be more valuable with CRO in the future.
Because the exchange has its own blockchain where a lot of projects are built, the utility for CRO is high, and the only reason I believe could be behind the low price for the coin is that this supply is very high. I expect the exchange to start burning programme, which will help the supply to get reduced, and that can result in the value appreciation for the coin, and I remember they have done it in the past, but it was a very long time ago.
Let's see how things turn out with CRO in the future. And since the current market is not in a very good situation, obviously, this coin cannot be left alone, and we can see a similar impact, which is also on the top coins in the market, so this is also impacted in the same way.
As far as I'm aware, the exchange has good adoption in the market and has a very big user base.
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