 | I'm not here to talk about Matt Damon. I'm sure he probably couldn't care less how Crypto.com is doing since he apparently got paid in cash anyway. Let's take a look at the history of the exchange since the day of the famous commercial launch. For reference, I'll compare it to Bitcoin. The commercial premiered exactly one year ago. Had you bought $1,000 worth of Bitcoin on that day, you would have just ~$400 now. That's a loss of 60%. Timeline of Crypto.com from the commercial to now (the one-year anniversary).
In the past year, Crypto.com’s exchange volume has also dropped by 91%, from $4 billion to $380 million per day. What was the investment return? Based on the current price of roughly 11c.... Buying CRO on the day of the commercial (21c) would mean a return of -46% today. Selling at the top in late November (97c) would have yielded a return of +360%, or a 3.6x. Buying at the top, would have yielded a return of -89%. Fortune favored some brave people I suppose.... EDIT: OK, so a user reported me for the suicide watch. My allocation to CRO isn't that high and I can always find more celebrities. I'm all good, but thanks for your concern! [link] [comments] |
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