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