Crypto.com Coin growth surpasses Tesla’s epic 2020 run

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Last Updated on 16 September 2020 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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A few weeks ago, we noted that Tesla and Bitcoin were the most popular investment vehicles in the US according to Tradingview. Certainly on the West Coast of the US, with cities like San Francisco, Los Angeles and Seattle, Bitcoin’s popularity as a commodity to invest in was rampant.

In the last few weeks however, as Bitcoin’s price has stalled between the $10k and $11k point, the Crypto.com Coin has taken over the shine.

The digital token has launched a massive marketing campaign with means that its market capitalization has now gone up 700% this year, meaning it outpaces even Tesla, which grew at a 400% rate in 2020.

Advertentie.

Wirecard

Thanks mostly to the Wirecard accounting scandal in Germany that made sure classic investors who wanted to deal in digital payments had to resort to another solution, Crypto.com is “in the process of migrating away from Wirecard both in Asia and Europe”, as per it’s CEO Kris Marszalek.

We’re really fortunate to be growing rapidly during this time of a global pandemic. August was another record breaking month for the company in terms of revenue and all transactional metrics. We are on track for 2020 to be the first year we’re profitable as a business.

At the time of writing, the Crypto.com Coin price is trading at $0,168, down 7,41% for the past 24 hours.

Together with Polkadot, they are the clear mainstays in September in CoinMarketCap’s top 10. Whereas we expected Cardano and even VeChain to hold such a spot by now, it is Crypto.com’s marketing effort and Polkadot’s cooperation strategy that have resulted in wins in the past few months.

As Justin Sun launches his own DeFi coin SUN today, we could of course be in for another surprise soon.