Crypto.com coin ( CRO CRO is witnessing a strong bullish trend as the crypto service completes the shift from MCO to CRO tokens; such impressive momentum has catapulted CRO into the upper echelons of the market cap hierarchy.
The price rally of CRO hasn't been without its share of drama, with some MCO token holders suspecting Crypto.com of foul play in the token swap agenda. Yet, MCO itself has managed a recovery in value during August.
CRO up 460% Since Black Thursday
According to data According to data from Coingecko, CRO has soared by more than 460% since the market turmoil on Black Thursday in March 2020, a crash that disrupted its late 2019 rally.
During that chaotic period, CRO wasn't the only one to plummet; investors were cashing out due to the coronavirus scare, causing the entire crypto market to lose about half its value, though it has since rebounded.
For CRO, the post-crash recovery journey has been outstanding in the crypto realm, seeing around a 470% leap year-to-date, positioning it as one of the standout performers this year. Crypto.com Crypto.com revealed an MCO to CRO token exchange plan in early August, offering MCO holders the chance to trade their tokens for CRO.
The swap window extends until early November. Those jumping in before September 2 have an opportunity for a 20% rewards bonus in CRO, which can be leveraged by staking for half a year.
Per Crypto.com's latest update, the token exchange occurs solely within its wallet app, compelling holders to migrate their MCO to the Crypto.com environment to proceed with the swap.
The buzz around the token exchange has further fueled CRO’s price ascent, situating it as the ninth-largest digital asset with a valuation nearing $3.3 billion.
Critics have voiced concerns over the token exchange management, accusing the platform of market manipulation by halting MCO purchases, thus depreciating its value in anticipation of the scheduled swap.
Token Swap
Crypto.com As MCO values dipped, traders boosted their MCO portfolio, eager for enhanced Crypto.com Visa debit card benefits, though fears about the devaluation of MCO coins led to fervent criticism from some investors.
For Crypto.com, 2020 has been exceptionally eventful. As reported by Blockonomi, the exchange implemented a significant upgrade in June 2020, striving to establish a foothold in the burgeoning cryptocurrency derivatives space.
Osato, passionate about Bitcoin, frequently shares his perspectives on breaking Bitcoin stories. When not immersed in market news, he entertains himself by trying to outscore his record in scrabble or ponders deep existential questions. Reach him at [email protected]. reported Following their latest foundation announcement, Compound (COMP) experienced a 6% price tumble as the market reacted. Despite dominating DEX trading volumes, Ethereum (ETH) has seen a 45% drop in the first quarter of 2025. .
