Crypto.com has been at the forefront of an ugly campaign. Many influencers and twitter personalities have been drumming on their followers to pull funds from the exchange and move on. Calling it an “impending crash” or “they’re next”. So what is going on? What is noise and what is truth? Let’s break it down.
The Ugly Noise
Luckily for Crypto.com, they are at still running at full capacity and pushing transparency. Something any and all investors should be appreciative about. Crypto.com’s CEO even went on MSNBC to speak publicly about what is happening. Many of the ugly parts of the original story were attempts at smearing and drawing beyond faded lines between FTX founder and Crypto.com. There were no such similarities. It got worse if you looked at social media such as Twitter. Many “influencers” were beating on their followers to dump $CRO and pull their funds from crypto.com. Some of these “influencers” need to be careful as that can be seen as financial advice and I would steer far from anyone making knee jerk reactions. It turns out most of it was just noise. Even to the point that several of these “influencers” went back and deleted some of these tweets after they were found to be rumors. It really pushes the question on why they would push such controversial material to their multitude of follower? Is there a possibility that another entity is pulling strings? Here are few more examples of Twitter Influencers spreading FUD (Fear Uncertainty and Doubt) for clicks.
It will most likely not be all doom and gloom for Crypto.com, regardless of what the Twitter Influencers tend to think or push. What is going on with them today?
$CRO and Crypto.com now
Crypto.com and FIFA Banner
Crypto.com seems to be just fine today after all of this hoopla about FTX ghost stories. They are currently gearing up for the World Cup, which they sponsor. Could that have possibly been the reason? That other powers at be wanted to drive the price of CRO token down far enough to get it at the lowest price before the tournament and tournament coverage begins? It definitely could be a possibility. However, as of today, all of Crypto.com’s partnerships are still solid, and they are still gaining regulatory licenses to operate in more countries. Most recently, they acquired a coveted Singapore license, which is one of the hardest to get. If anything, this shows the foundation of Crypto.com is extremely strong and only moving in the right direction. $CRO the native token for Crypto.com is hovering around 6 cents to 7 cents per token which is up significantly from the Twitter FUD campaign.
The Good
It is definitely not all negative about Crypto.com on Twitter. There are several other influencers who combatted the FUD day and night. This was quite interesting to see as it definitely felt like two sides were forming. One for truth and facts, the other for shock and uncertainty. These influencers were out discussing the pros about Crypto.com and how the $CRO token is adding value to the Crypto world. Instead of using baseless attacks, they presented the facts. It was found several times by these pro Crypto.com battlers that the FUD announced was cutting out specific facts to push their narrative. This further infuriated Twitter folks everywhere as it was becoming apparent that it was a smear campaign.
Countries where Crypto.com has Licenses
