The pivot to revenue-backed tokenomics is a rational move toward sustainability, but the "$1 confirmed" narrative is pure retail bait that ignores basic market cap math. It is a sophisticated economic upgrade sold through cheap sensationalism.
Deep Dive
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Deep Dive
$1 CRO Coin CONFIRMED? (This Could Be MASSIVE For Crypto.com)Added:
Well, the tokconomics for CRO are changing again. We have got to talk about this new change for Crowcoin in this video. Kronos is set for a crucial transformation. This is being looked at as very positive news for CRO. Kronos is officially overhauling its tokconomics to transition CRO from an inflationfunded staking model to a sustainable revenuebacked system. Onchain data confirms emissions will decay by 6.8% monthly as the circulating supply approaches the 100 billion hard cap.
We're going to come back to that which currently stands at 98.54 billion tokens. New structure replaces token minting with real revenue from the Kronos app distributing fees from prediction markets and trading to Kronos crow stakers. Now, as you see this story coming out, this is something that is positive for Crowcoin undoubtedly. So, however, we need to really think about this. Okay, let's talk about this story.
Also, another big story you need to be aware of. Just in the Senate Banking Committee schedules cryptoclarity act vote for May 14th. We are also seeing coin have a little bit of a bounce off the top of the range exactly as I talked about here in the video. Now, we've been talking about this potential bounce for Bitcoin off the top of the range. Right now, we're seeing that play out. I've been trading this move on Blofin. This is basically exactly as I called it. If you want to trade, you can trade signing up for Blofin using the link in the description of this video down below. It is an email or phone number to sign up.
Super easy. Maybe you didn't take a long position here. Maybe you're looking for another short entry. I'm taking both plays at different times. I'm looking for levels of support and resistance to find my trades. And as I looked at Bitcoin here having broken out from the top of the range, finding a bullish retest off the top, that was an obvious move to me. Now, we see this positive news for CRO today. We got to dive into it. We got to see what the CryptoClarity Act means for crypto overall. I do believe that the Crypto Clarity Act actually could be a bullish factor helping this boost up. We got to look at this story a little bit more though because knowing that the Clarity Act vote is coming on May 14th, there is a chance that this vote doesn't go through. It's important to note banks still oppose the proposal, warning that stable coin yields could compete with savings accounts and pull deposits from traditional lenders. This is the banking industry's been scared of this for a while. And crypto firms like Coinbase are supporting this updated bill even though they're not allowing passive yield on stables. It's going to be more so on transactions, deposits, and things of that sort. So, this is where we're at. There is no guarantee that this get passed, but there is a vote coming up on May 14th. If this vote gets rejected, I would have a strong feeling that even if we're bouncing off the top of this range for Bitcoin, we would retrace the other way. So, in just a few short days, we're going to have five days from now, we're going to have this vote come out. If it goes the wrong way and it does not get put through, crypto's probably coming back down. And if it does get put through, there's a chance that we rally higher, but even then, it could still act as a buy the rumor, sell the news event. So, this is something that you have to be aware of. Now, let's talk about the tokconomics for CRO because I think that's why you tuned into this video and I just wanted to give some highlights and where we're seeing the market right now to kind of address this story. This is a bullish transition for the CRO token. Then, with a bullish trend for Bitcoin, you could see Crowcoin go up. I think that doesn't really change here with this news. I just believe that Kronos is an altcoin that follows Bitcoin's trajectory. If Crypto.com has a successful brand and the token is still viewed favorably by the community, it's going to go up. This will help the token get more favor from the community. But 100 billion hard cap, how can we believe that there's still a 100 billion hard gap for Crow? Let me break that down a little bit further for you guys. Famously, Crypto.com had an unburn where they burned twothirds of the supply of the entire token. Now, famously as well, that happened in 2021.
Just in the last year or so, they actually unburned those tokens. Well, to speak even more factually about it, they didn't actually unburn the tokens. They actually reminted new tokens as a sort of unburn, but they really created new tokens. Why I bring that up is because even though this is a bullish change for Kronos token, one thing that you must be aware of when it comes to Crypto.com and Kronos is the validators controlled by Crypto.com that control the voting process which put through that unburned vote can technically change the hard cap for Crowcoin at any given time. So even though they're making a bullish transition right now, you do need to be aware that even though there is a hard cap on the CRO token to and the validators that support Crypto.com will never choose to change the cap for the tokens again, change the tokconomics and dilute the CRO token. That is unfortunately what happened with the unburn that was so famous for CRO that I do think hurt the brand in the middle of last bull market. They can come back from that and I believe that they will so long as they don't pull any shenanigans like that again. So, this is a bullish news story, but also a reminder that you need to be aware of what is possible with the CRO token given the centralized factor that comes along with this token. I am a big supporter of Crypto.com and CRO. I'm a holder of the token. I've liked this token for years, but I'm also being very realistic and understanding that while this is positive news and a good step in the right direction, I am going to have a hard time forgetting the unburn that occurred and know in my mind that there is something that could change in the future with the way this token is set up due to the centralized nature of this company and the Kronos ecosystem as a whole. So, I am bullish on crypto. I am bullish on Crypto.com's Crowcoin. I do like the idea of the Senate Banking Committee actually putting through the Clarity Act, even if it's not passive yield on stables, but I do think it could still act as a buy the rumor, sell the news event either way. So, I'm loving the play that I made here off the top of the range for Bitcoin. We called this bounce. I found a beautiful long opportunity here. I am profiting off that trade right now. If you guys want to do some trading, whether it's the long side or the short side, follow this content for just channel for more content. If you want to do the trading yourself, sign up for below. Again, there's deposit bonus and you get access to our private discord as well. So, check that out if you haven't done so already. I am not a financial adviser.
I'm not here to get financial advice, but I did want to give you my perspective on this story with the changes going on for CRO as we're hearing from the Kronos team as of late.
So, that's all I got. Two videos here if you want to check them out. Till next time, y'all. Peace. I'll see you later.
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