Is Profitable Trade CRO to ETH?
If you are asking yourself whether it is profitable to exchange CRO to ETH, it means you need more information on what CRO is and how it is different or similar to Ethereum. So, here we go, with both coins’ features, their main pros and cons, and some opinions about their future.
CRO coin, the native cryptocurrency of Crypto.com
CRO is the coin that is native to the Crypto.com exchange. It is a pretty versatile cryptocurrency. It can be used for trading as well as purchasing goods and services. It enables businesses to use this coin for receiving payments but the payments are performed in a stablecoin. Therefore, this coin allows businesses to eliminate the risks connected with the high cryptocurrency volatility.
Crypto.com is the ninth largest cryptocurrency exchange. The CRO future depends largely on it. Therefore, you can follow the Crypto.com updates if you want to know what is going to be the CRO trend.
Users who can earn some money as a passive income can stake CRO and get up to 10% of yearly income. Among other perks, Crypto.com users can enjoy all the benefits of using a VIA premium card.
For now, the coin, as well as the exchange, seem to be profitable enough to deserve your attention. The coin’s future though depends on the future of the exchange, therefore, we recommend being extra careful if you hold the coin and attentively follow the updates of regulators regarding crypto-exchanges and the progress of Crypto.com.
Some words about Ethereum
Ethereum is a blockchain. It is the first blockchain that enabled the creation of smart contracts, dApps, and now, Decentralized Finance. The Ethereum blockchain is powered by its native cryptocurrency called Ether, and a governance token called gas.
Despite the high cryptocurrency volatility, the ETH price is growing constantly. It is one of the most successful and promising blockchains for now. Even though it suffers now from such issues as high gas fees, scalability, and similar, these issues are going to be solved when the entire network completes the move to Ethereum 2.0. It is going to run on the proof-of-stake consensus mechanism (now, it runs on the proof-of-work consensus mechanism) and for sure it is going to make the ETH prices surge.
So, is it profitable to trade CRO to ETH?
CRO powers a cryptocurrency exchange, and ETH powers one of the largest and the most promising blockchain in the world.
The CRO value depends on the development direction and tactics taken by its company. It, in turn, depends on regulation, restrictions or their absence, and on the business success in general. Therefore, we can conclude that the CRO coin looks promising but it is very dependent to be a reliable investment.
Ethereum is dependent on its blockchain and its popularity. For now, the application cases of blockchain are growing exponentially, and with the shift to the PoS version, Ethereum is going to beat its competitors easily. It has many applications in the real world which only increases the coin value.
While we do not insist that we are right, we would definitely invest in ETH more whenever there is such an opportunity. Now, you can swap the coins profitably on LetsExchange – instant crypto exchange online, without registration or verification, and with the lowest fees possible. Now, the ETH price has already grown significantly. Later, it might be too late. Therefore, if you can invest in this coin, do it, and we believe that it will be one of the best investment decisions that you can ever make.
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George Brown is a main editor in Bitgraph Network Team.