Russia’s invasion of Ukraine is continuously getting center stage in the crypto market. Already the International sanctions against Russia have increased the movement of Bitcoins and other cryptocurrencies. Moreover, Ukraine received $10 million in cryptocurrency after popular currencies like Litecoin extended their help. Now, Crypto.com joins this list through a sizable direct donation to the Red Cross to help the people of Ukraine in such a dire situation.
The announcement came from the CEO of Crypto.com, Kris Marszalek, who hopes this small help towards a noble cause would give relief to the Ukrainian people. This move is welcomed by the crypto community, which stands in solidarity with Ukraine against Russia. Prior to this, many other projects too have extended their help towards Ukraine. It is believed that this announcement, along with the NFT launch, could help propel the price of Cronos (CRO) in the market.
According to crypto enthusiasts, the recent tweet by the CEO of Crypto.com helped push out a positive sentiment for the coin among investors. Apart from this catalyst, the recent launch of a Crypto.com NFT marketplace is reported to have created a significant demand for the coin. Now, users can access digital arts, collectibles, and wearables powered by NFT on the Crypto.com platform. The coin looks balanced after losing 2% in the market lately. This complete CRO price prediction expects a rise to $1 by the end of 2022 as the positive sentiment gets stronger for the token.
Crypto.com has also released an NFT dApp to power its new NFT marketplace. Thanks to this, this project currently has one of the most sophisticated infrastructures for accessing NFT collectibles. This could be a potential reason for a rally. However, experts believe that Cronos would keep dipping until $0.39, where the support for this coin is predicted to appear. This dip could also attract investors and, in turn, bring the coin well above $0.50. The positive clout after the donation to Ukraine is also expected to add to this rally by this cryptocurrency.
This, however, is not the first time Crypto.com donates to charitable causes. A few weeks ago, Crypto.com signed a partnership with LeBron James to help the kids from the neighborhood of Akron to pursue their careers in DeFi and cryptography. Moreover, Crypto.com also focuses on mainstream adoption by sponsoring sports teams and tournaments. The project’s next NFT project named Mad Tree House is expected to drop soon, kick-starting its very own NFT marketplace.