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Crypto.com price awaits trigger as exchange joins blockchain innovation programme – FXStreet

Ekta Mourya Ekta Mourya
FXStreet

Crypto.com became part of a national-level blockchain partnership with the National University of Singapore. The exchange continued to scale its presence in the US, and there was a spike in transaction count on the Cronos chain. 
Crypto.com, a Singapore-based cryptocurrency exchange, has become a Gold Member of the Singapore Blockchain Innovation Programme. The National University of Singapore has collaborated with Enterprise Singapore, Infocomm Media Development Authority to foster blockchain innovation through the programme. 
As Gold Member, Crypto.com would foster the development and adoption of blockchain technology in previously untapped sectors. This could fuel a bullish narrative for the adoption and utility of Crypto.com token CRO. 
As the exchange continues to scale its presence across the US, supporting instant deposit services for users and acquisitions of crypto exchanges, Crypto.com is expanding its product offerings. 
Cronos testnet has completed 15 million transactions in its incentivized testnet event, Cassini. @ShardiB2, a pseudonymous crypto analyst, has predicted a spike in Crypto.com price. The analyst evaluated the Crypto.com price trend and revealed his bullish outlook. 
@Gregariou1, a crypto analyst and trader, compares Crypto.com price with Quant, drawing parallels between the price trend and predicting a bull run in the token. 
$QNT vs $CRO

This based solely on chart structure and the Livermore pattern thesis. pic.twitter.com/spWTFKR4ad
Analysts at the YouTube channel CryptoCache believe that if the next higher low is over $0.571, Crypto.com price could bounce and break into an uptrend. 

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Shiba Inu price is on the verge of a significant decline if the bulls fail to claim $0.000002817 as support. Sliding below the aforementioned foothold could put a 35% descent on the radar.  SHIB could fall further to discover reliable support before tagging the lower boundary of the governing technical pattern.
MATIC price seems to be running on fumes and is likely to see a relief bounce after the January 5 flash crash. The drop pushed Polygon to retest a crucial support level which could catalyze a minor uptrend. A breakdown of the $2 demand barrier will invalidate the bullish thesis.
Following fuel protests in Kazakhstan, the country reportedly experienced internet blackouts on January 4, leading to a nationwide communications disruption on January 5. Although the country’s presiding cabinet resigned, the internet blackout dealt a severe blow to Bitcoin mining activity.
Crypto.com price has been on a downtrend since November 24, 2021, when it set up a new all-time high. However, CRO found respite as it bounced off a crucial support level four times in less than two months, indicating the vital nature of this level. The recent downswing has pushed CRO back to this area.
Bitcoin had one of its less volatile years in 2021, with a 138% variation between the highest and lowest price point. Still, the year saw its fair share of whipsaws as BTC’s price action provided more entry and exit levels for investors to profit. 
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