Investment Disclaimer:
- I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
- Past performance presented here is not an indicator of future performance.
- This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.
- I do hold a long position in CRO as a token holder.
1A. Top 2 Good News for CRO HODLERS !!!
- $CRO Price Jumps After Crypto.com Reveals It’s Set to Run a Super Bowl Ad
Statistic as of 2022-01-03 02:07 AM EDT: 13 positive votes, 1 negative vote
The price of $CRO, the native cryptocurrency of the Crypto.org and the Ethereum Virtual Machine compatible blockchain Cronos, has jumped nearly 14% after it was revealed Crypto.com is set to run an ad in the 2022 Super Bowl in a bid to become a household name.
(Extracted from Crypto Panic) - Smart Money Whales Are Accumulating Three Crypto Assets – And Unloading Three Others, According to Analytics Firm
Statistic as of 2022-01-03 02:07 AM EDT: 5 positive votes, 1 negative vote
Smart money crypto whales are gobbling up three digital assets while selling three others, according to insights firm Santiment. Santiment tells its 120,200 Twitter followers that whales have bought 41% more CRO over the last two months. CRO is the cryptocurrency that powers the Crypto.com payment, trading and financial services platform.
(Extracted from Crypto Panic)
2. How Crypto.com Performs Relative to Other Cryptos ?
Performance of All Cryptos Under Quantdoge Watchlist in 2021 (Sorted by % Return)
CRO has undergone 902.91% return from USD 0.0585 to USD 0.5867 since 01 Jan 2021. CRO is the 12th best performing crypto assets among others here.
3. How Resilience Crypto.com Is Towards Bitcoin Crash Relative to Other Cryptos ?
Historically, all altcoins are somewhat dependent on Bitcoin price movement and it’s often the case where if Bitcoin falls, most altcoins would follow.
Top 3 Cryptos That Are Most Resilient To Bitcoin Crash During Each of BTC 4 Largest Crashes in 2021
CRO has proven resilience against BTC crash in 2 out of the 4 instances.
During the last 4 BTC market crashes,
When BTC dropped by -13.47 %, CRO returned -16.76 % at 20 May 2021,
When BTC dropped by -13.13 %, CRO returned -15.01 % at 22 January 2021,
When BTC dropped by -12.16 %, CRO returned -11.29 % at 13 May 2021,
When BTC dropped by -11.39 %, CRO returned -15.14 % at 22 June 2021
4. Technical Analysis on Crypto.com
4.1. Volume Weighted Average Price (VWAP)
VWAP is a technical indicator used by a trader to gauge the overall trend of an asset price movement. VWAP line (orange line) represents the volume-weighted average price (average price here is defined as the average of high, low and close prices) while close price line (blue line) represents the price when CRO is closed at the end of every single day.
Whenever blue line (close price) is above orange line (VWAP), it indicates that the asset is gaining momentum and being traded higher than its average price level. This would represent a 'buy' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'sell' opportunity, anticipating that the price of CRO (blue line) to fall to its average level (orange line).
Whenever blue line (close price) is below orange line (VWAP), it indicates that the asset is losing momentum and being traded lower than its average price level. This would represent a 'sell' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'buy' opportunity, anticipating that the price of CRO (blue line) to rise to its average level (orange line).
As of 02 Jan 2022, VWAP is suggesting that CRO is losing momentum.
4.2. Moving Average Convergence Divergence (MACD)
MACD is often used by trader as a momentum indicator. There are 2 lines that form the above charts, namely MACD (12, 26) lines and Signal(9) line, while the histogram is calculated by subtracting Signal (9) from MACD (12,26). Histogram would fall to the negative territory whenever MACD (12, 26) is trending at a lower level than Signal (9) and rise to the positive territory whenever MACD (12,26) is trending at a higher level than Signal (9).
MACD (12, 26) is computed by subtracting the 26-day exponential moving average (EMA) of CRO closing price from its 12-day EMA.
Signal (9) on the other hand is calculated as the 9-day EMA of MACD (12,26).
As MACD (12, 26) goes higher away from Signal (9), it signifies that CRO is gaining momentum and whenever it goes trends at a lower level than Signal (9),it signifies that CRO is losing momentum.
As of 02 Jan 2022, MACD is suggesting that CRO is losing momentum.
4.3. Bollinger Band
Bollinger band is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. Its chart made up of 4 lines, namely:
- SMA (20) (blue line), which is the 20-day simple moving average price of CRO
- Upper Band (orange line), which is computed by adding 2 standard deviations of CRO on SMA (20)
- Lower Band (red line) , which is computed by subtracting 2 standard deviations of CRO from SMA (20)
- Close (green line), which is the daily closing price of CRO
Whenever close line (green) touches the lower band (red), it indicates that CRO is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever close line (green) touches the upper band (orange), it indicates that CRO is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity.
As of 02 Jan 2022, Bollinger Band is suggesting that CRO is neither overbought nor oversold.
4.4. Relative Strength Index (RSI)
Just like Bollinger Band, Relative Strength Index is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. There are 2 psychological levels, i.e. 30 and 70 in RSI. Whenever the RSI reaches 30, it indicates that CRO is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever RSI reaches 70, it indicates that CRO is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity.
As of 02 Jan 2022, RSI is suggesting that CRO is neither overbought nor oversold.
Based on the technical analysis presented above, quantdoge holds a neutral stance on the short-term price outlook of CRO, but I could be wrong, hence please make your careful due diligence before making any financial decision.
5. Crypto.com Risk Profile
Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Crypto.com defined above, CRO seems to trade at a similar risk level on 02 Jan 2022 as compared to 10 days before on 23 Dec 2021, with its biggest pullback being seen at -19.73% on a single day during the last 100 days. However, I could be wrong, hence please make your careful due diligence before making any financial decision.
6. Price Simulation for Crypto.com
How did quantdoge simulation perform vs the actual CRO price movement over the last week ?
Over the last 7 days, BTC is trading below the median quantile of all quantdoge simulations, indicating that CRO is slightly undervalued.
7. CRO Community Analytics
Number of CRO Followers In The Past 24 Months
During the past 24 months, Crypto.com followers have grown 1,537.97 % from 92,042 to 1,507,623 on Twitter and grown 2,948.85 % from 4,585 to 139,790 on Reddit.
Monthly increment of Crypto.com Twitter and Reddit followers both peaked on Dec 2021.
Number of CRO Followers In The Last 30 Days
In the last 30 days alone, Crypto.com followers have grown 10.6 % from 1,363,177 to 1,507,623 on Twitter and grown 11.48 % from 125,399 to 139,790 on Reddit.
Daily increment of Crypto.com Twitter followers peaked on 27 Dec 2021 and its daily increment of Reddit followers peaked on 24 Dec 2021.
8. Google Trends Analytics
Crypto.com reached its peak in Google Search on 2021-11-21 with a Google Score of 100
Over the last quarter, Crypto.com Google Score has increased 15.79 % from 38.0 to 44.0
Over the last 6 months, Crypto.com Google Score has increased 225.93 % from 13.5 to 44.0
Over the last month, Crypto.com is most saught after on Google from Singapore, followed by Bermuda and Isle of Man.
9. Developer Activity Analytics
Fork
Fork refers to the amount of time where the Github repo of current cryptocurrency is being copied. Higher fork number could mean that this cryptocurrency project is getting more interest in the developers community who likes to explore more on the deep technical of this project.
Crypto.com forks increased 105.83% from 103.0 to 212.0 in the past year.
Star
Star refers to the number of developers who bookmark the Github repo of current cryptocurrency. Higher star number could mean that this cryptocurrency project is getting more general interest in the developers community.
Crypto.com stars increased 81.93% from 166.0 to 302.0 in the past year.
Pull Request
Pull request contributor refers to developer who has made a successful improvements/ modifications on the Github repo of this current cryptocurrency project. Higher number of pull request contributors could mean that there is a high number of commitment given by developers to this cryptocurrency project.
However, a low number also could mean that the developer community of this project applies a strict standard when it comes to code review, so only developers who have published a high quality code with highly impactful features got approved.
Crypto.com pull request contributors increased 33.33% from 12 to 16 in the past year.
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