• Sat. May 21st, 2022

Crypto.com announced a four-year donation to the Digital Currency Initiative

ByHazel R. Lang

Apr 23, 2022

Crypto.com announced a four-year donation to the Digital Currency Initiative (DCI) of the Media Lab at the Massachusetts Institute of Technology (MIT). The contribution aims to promote DCI’s study of Bitcoin (BTC) security and the open-source development of network protocols.

Crypto.com announced a four-year donation to the Digital Currency Initiative (DCI) of the Media Lab at the Massachusetts Institute of Technology (MIT)

Image source: Crypto Potato

On Friday, Crypto.com announced a four-year donation to the Digital Currency Initiative (DCI) at the Media Lab at the Massachusetts Institute of Technology (MIT). According to the statement, “The contribution aims to promote DCI’s study of Bitcoin (BTC) security as well as the open-source development of network protocols.”

According to Crypto.com, MIT’s Digital Currency Initiative is vital for the development of a “healthy blockchain ecosystem”. Eric Anziani, Chief Operating Officer of Crypto.com, said, “We are thrilled to be working with such a respected school to further aid blockchain research around the world and help accelerate the world’s progress.

Crypto.com offers users more than just a cryptocurrency exchange. It provides a variety of tools that allow users to earn, spend, and borrow against cryptos. Cronos is the native token of the platform.

There has been a lot of interest in the exchange in the Crypto press over the past few months. Crypto.com has led a marketing campaign to become one of the top 20 global brands within 3-5 years through advertising and sponsorship deals.

To reach the first major resistance level at $0.4134, CRO needs to break through the pivot at $0.4052. To get back to the $0.41 levels, the CRO would need support from the broader crypto market. If the rally continues, the CRO should test the second major resistance level at $0.4225 and the resistance at $0.4250. The third significant resistance level is currently located at $0.4398.

If the pivot is not crossed, the first major support level at $0.3961 is activated. Unless there is a strong sell off during the day, CRO should resist a drop below $0.39. The second major support level is priced at $0.3879.

Crypto.com recognizes that building a top 20 brand requires more than expensive sponsorship deals and sophisticated advertising.

The EMAs and the 4-hour candlestick chart (below) show a negative trend. Currently, CRO is trading at $0.4131, a price below the 50-day EMA. This morning, the 50-day EMA pulled back from the 100-day EMA.

Additionally, the 100-day moving average has moved away from the 200-day moving average, indicating a bearish trend. A break of the 50-day moving average (EMA) would result in a price of $0.4150.

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Also Read: Goldman Says Apple and Meta Will Lead the Race to Develop Metaverse Technology


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