MCO reached towards a new all-time high during the peak of the 2021 bull run in April. The cryptocurrency subsequently suffered from market corrections and reversed much of the gains accumulated during the bull run. However, the bullish sentiment of the market in November resulted in the token giving out a great performance; however, the price rally came with strong volatility. The cryptocurrency can be seen to stabilize somewhat during the recent timeframes. At the time of writing, the token stands at a price level of $16. The price shows a positive change of nearly 8% during the past twenty-four hours while the weekly performance shows a slight downturn. MCO currently stands at a market rank of #189 with capitalization growing gradually.
MCO’s ecosystem
MCO powers the Crypto.com ecosystem which aims to become the go-to place for buying, selling and paying through cryptocurrencies. It is a complete ecosystem with the full suite of products. Crypto.com has a mobile application for buying tokens and an NFT marketplace. The Metal Visa Card and Crypto.com Pay ensures users the best rates while paying and getting paid in crypto. The platform also has Crypto Earn and Crypto Credit for growing your cryptocurrency holdings. Apart from this, services and products in decentralized finance and decentralized exchanges can also be found.
The mobile application of Crypto.com is regarded as the world’s fastest growing crypto app. It has more than 10 million active users and 200+ cryptocurrencies available at their true cost. Enable high returns with the Visa Card through up to 8% returns while up to 14.5% returns can be realized through other services. MCO token is the backbone of one of the most comprehensive ecosystems in the cryptocurrency market.
Despite having such strong fundamentals, the development is constantly working on the network. Recently, the Crypto.com exchange listed Orchid OXT and Powerledger POWR tokens. MCO token’s network has also announced to support the Flow blockchain’s mainnet upgrade. The MCO’s Crypto.org Chain is also currently undergoing heavy developments and the team has announced the phase II of its update – called Draco.
Future outlook
The strength of the underlying technology of a token is a testament towards its future potential and MCO token has one of the strongest fundamentals. The ecosystem of the token is growing at a phenomenal pace which will definitely pull the token upwards with itself. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $37 in five years’ time.
