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How will the Data Protection Trust Mark impact the price of CRO?

By:
on Dec 7, 2021
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  • Crypto.com acquired the Singapore Data Protection Trust Mark (DPTM) certificate.
  • This makes the exchange the first FinTech company that’s DPTM certified.
  • This has the potential to boost the CRO token in value as more users come to the exchange.

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Crypto.com CRO/USD  is one of the largest cryptocurrency exchanges which has been making a lot of moves towards mass adoption and security.

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The Crypto.com Coin (CRO) is their native cryptocurrency token, which provides the users with a lot of benefits.

The Singapore Data Protection Trust Mark (DPTM) certification as a catalyst for growth

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On December 5, we made predictions about the price of the CRO token, estimating that sell-offs are likely.

On December 6, Crypto.com made an official announcement that they are the first FinTech company to achieve the Data Protection Trust Mark. 

This was awarded by Singapore’s Infocomm Media Development Authority (IMDA). 

This means that their customers are now assured that Crypto.com has put in place responsible data protection practices for their personal data.

This has the potential to boost the value of the CRO token.

Should you invest in Crypto.com Coin (CRO)?

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On December 7, Crypto.com Coin (CRO) had a value of $0.649. 

To get a better perspective as to what kind of value point this is for the token, we will go over its all-time high value as well as its performance last month.

When we look at last month’s value points, CRO had its lowest point of value on November 1, when it fell to $0.197 in value.

The all-time high value of the CRO token was on November 24, when the token reached a value of $0.965.

Here, we can see that the token grew in value by $0.768 or by 389% throughout November.

However, from its ATH value point to its value on December 7, the token fell in value by $0.316 or by 32%.

This makes it an excellent time to invest in the CRO token while its value is still low.

According to data from IntoTheBlock, CRO saw $2.53 billion in transactions greater than $100,000 in the last seven days.

Additionally, CRO saw $254.65 million in total exchange inflows as well as $219.52 million in total exchange outflows within the last seven days.

Alongside all of this, the trading volume of CRO increased by 75% in the last 24 hours, and its market cap saw an increase of 26%.

With all of this in mind, we can expect CRO to reach $0.90 by the end of December, making it a solid investment.

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