You are currently viewing Investigating Crypto.com’s bullish case after the integration of Google Pay

Investigating Crypto.com’s bullish case after the integration of Google Pay

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  • Crypto.com introduced an integration of Google Pay for crypto funds

  • The cryptocurrency has been posting positive aspects in the final week

  • CRO nonetheless lacks a robust bullish push as the cryptocurrency consolidates

Crypto.com trade continues to make headlines. On Thursday, the trade stated it was integrating Google Pay. The integration will likely be for its crypto pockets and buying and selling platform. The integration will enable Android customers to pay for cryptocurrencies utilizing Google Pay. 

On Friday, Crypto.com was authorized by the Cyprus regulator to supply its services in the nation. That expands the crypto trade’s presence in Europe. Crypto.com has acquired comparable approvals in international locations equivalent to Singapore and Italy. 

Despite the newest developments, crypto.com token CRO/USD stays in the trenches. As of the time of writing, the token was up by 5%. The positive aspects mirrored total market restoration somewhat than optimistic developments. CRO’s positive aspects in the week have been 13%; nonetheless, a median achievement as most tokens boomed. We consider CRO will take time earlier than buyers see lasting positive aspects. Still, the present worth is engaging.

CRO lacks purchaser curiosity after breaking previous a key resistance

Source – TradingView

Technically, CRO has damaged previous key resistance at $0.13. The MACD indicators are bullish on the cryptocurrency. However, CRO nonetheless lacks a robust bullish momentum at the present stage. The token is consolidating at or barely above the resistance zone. That signifies an absence of purchaser curiosity. Investors may be turning consideration to different cryptocurrencies equivalent to Bitcoin.

If CRO manages to carry above the $0.13 stage, that units it heading in the right direction to say $0.168. We nonetheless consider CRO is attractively priced for buyers trying to maintain it long-term. The optimistic developments are a catalyst for the token’s positive aspects.

Summary

CRO has introduced the integration of Google Pay. The token is but to cost the information as the worth stays in consolidation at or barely above $0.13.

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