There are now hundreds of cryptocurrencies that investors can choose from and hence, it may not always be an easy task at all. One of the cryptocurrencies that emerged as a major mover yesterday was the Crypto.com Coin (CRO) token.
Yesterday, the token had managed to clock gains of as much as 9% in a 24 hours period that had ended at 10-30 a.m. Eastern Time. In addition to that, the rally had also taken the Crypto.com Coin token to 13th place in the list of cryptocurrencies with the highest market caps. It goes without saying that the token is likely to get more attention from traders and investors in the coming days.
The rally in Crypto.com Coin yesterday was possibly the result of the momentum that it had displayed in the previous week and it appears that it had been carried forward. In this regard, it is important for investors to keep in mind that last Wednesday it had been announced that Crypto.com Coin had signed a naming rights deal for the iconic Staples Center in Los Angeles worth as much as $700 million. That had been a major trigger behind the rally last week.