AlexLukyanin

Crypto com chain token

Long
AlexLukyanin Updated   
HITBTC:CROUSD   Cronos (old Crypto.com)
Certain accumulation can be identified by looking at trading volume during the last couple months. 80% move is almost inevitable. Further action is more unpredictable.

Considering that this is a token of a major crypto platform which provides interest on assets, this might be quite a major investment, as its market cap is at 2.2bln.
Comment:
Almost 25% profit since publication. Still no signs of reversal
Comment:
Target was reached and broken. The surge will go on, ~0.16 will act as support now.
Comment:
This played out better than expected. Still holding. Current target is obscure as we might be entering some kind of euphoria phase. Now I think that in case Crypto.com might reach market cap of BNB, it will cost around 3.85. But it is crucial to watch exchange turnover to market cap ratio in order to track similar cases. TBH midterm it won't reach that high, but over couple years it might.

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