Monat: Juli 2022

• Crypto.com announced an integration of Google Pay for crypto payments

• The cryptocurrency has been posting gains in the last week

• CRO still lacks a strong bullish push as the cryptocurrency consolidates

Crypto.com exchange continues to make headlines. On Thursday, the exchange said it was integrating Google Pay. The integration will be for its crypto wallet and trading platform. The integration will allow Android users to pay for cryptocurrencies using Google Pay. 

On Friday, Crypto.com was approved by the Cyprus regulator to offer its products and services in the country. That expands the crypto exchange’s presence in Europe. Crypto.com has received similar approvals in countries such as Singapore and Italy. 

Despite the latest developments, crypto.com token CRO/USD remains in the trenches. As of the time of writing, the token was up by 5%. The gains reflected overall market recovery rather than positive developments. CRO’s gains in the week were 13%; still, an average achievement as most tokens boomed. We believe CRO will take time before investors see lasting gains. Still, the current price is attractive.

CRO lacks buyer interest after breaking past a key resistance

Source – TradingView

Technically, CRO has broken past key resistance at $0.13. The MACD indicators are bullish on the cryptocurrency. However, CRO still lacks a strong bullish momentum at the current level. The token is consolidating at or slightly above the resistance zone. That indicates a lack of buyer interest. Investors could also be turning attention to other cryptocurrencies such as Bitcoin.

If CRO manages to hold above the $0.13 level, that sets it on course to claim $0.168. We still believe CRO is attractively priced for investors looking to hold it long-term. The positive developments are a catalyst for the token’s gains.

Summary

CRO has announced the integration of Google Pay. The token is yet to price the news as the price remains in consolidation at or slightly above $0.13.

The post Investigating Crypto.com’s bullish case after the integration of Google Pay appeared first on CoinJournal.

The much-awaited Ethereum merge is expected to take place in September. It is a big step towards improving Ethereum scalability while retaining its decentralized nature. 

While talking about the merge at the EthCC, Ethereum’s founder, Vitalik Buterin, said that the merge would make Ethereum’s development process only 40% complete. He added that going into the future; the focus will be on taking the load off the Ethereum mainnet. Vitalik said that besides layer-2’s handling most transactions, there was a need to eliminate the need for Ethereum nodes to store the blockchain’s entire history.

Going by Vitalik Buterin’s talk, it is clear that as Ethereum continues to evolve, there are cryptocurrencies within the Ethereum ecosystem that are set to reap big.

Below are some of the cryptocurrencies most likely to succeed for anyone interested in crypto as Ethereum evolves into a more decentralized and scalable internet computer. 

The Graph (GRT)

Vitalik Buterin specifically referenced The Graph (GRT) as one of the cryptocurrency projects that have a major role to play in the future growth of Ethereum. According to Buterin, The Graph is a valuable tool that can be used to store Ethereum’s historical data instead of keeping it on-chain. 

This is a big deal, as it puts The Graph at the forefront of cryptocurrencies whose futures are directly tied to that of Ethereum. Already, The Graph is showing positive signals after the comments that Buterin made about it at the EthCC. While most cryptocurrencies have eased up a little in the last 24 hours, The Graph continues to surge in value.

It is an indicator that investors are excited about The Graph’s role in the Ethereum ecosystem going into the future. As this use case takes shape, The Graph stands out as one of the cryptocurrencies with strong growth potential. 

Polygon (MATIC)

Polygon is one of the best-performing cryptocurrencies this week. In the last 7-days, Polygon is up by 30%, and upside momentum is rising. This is largely driven by news that Disney added Polygon to its Accelerator program.

However, the more important news is that the Polygon team is working hard to make Polygon stand out as one of the best Ethereum layer-2s in the market. Earlier in the week, Polygon co-founder, Bjeric said that they were committed to Ethereum and looking to give back to the Ethereum ecosystem.

Many have speculated that the giving back is in the form of launching Polygon Hermez. Hermez will introduce zero-knowledge proofs (Zk Rollups) to Polygon. Not only will this help Polygon scale better (to Ethereum’s benefit), but it will also significantly improve security. That’s because, with Zk Rollups, it is possible to verify a transaction without revealing the identity of the one verifying it.

With Ethereum set to entrench its dominance after the merge, Polygon comes across as a top cryptocurrency worthy of investing in now. The odds are that as Ethereum grows, so will MATIC.

The post Top Cryptocurrencies to benefit the most from Ethereum’s growth appeared first on CoinJournal.