Coronavirus-Induced Digitization and Crypto Adoption May Push Crypterium’s CRPT Token in 2021

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by Andrey Sergeenkov · 4 min read
Coronavirus-Induced Digitization and Crypto Adoption May Push Crypterium’s CRPT Token in 2021
Photo: Crypterium

According to Wallet Investor, Crypterium’s CRPT token is a worthwhile long-term investment. They project the CRPT token price to reach $1.55 in years to come.

2020 was an exceptional year for cryptocurrencies.

Year-to-date, for instance, Bitcoin prices have more than quadrupled to spot rates at over $46k. By mid-February 2021, Bitcoin breached $50k to become a trillion-dollar asset, on track of toppling gold as the leading store of value.

US Multi-billion Firms Adopting Bitcoin and Crypto

Although prices may be volatile, understandably being a relatively illiquid asset in operation for just 12 years, analysts are confident. For instance, in a note to their institutional clients, a Citibank Technical Analyst said the Bitcoin price could rally to over $100k by the end of 2021.

Other crypto influencers like Anthony Pompliano maintain that the digital gold price will reach six-digits in the next ten months.

The same is shared by many other leaders, including Anthony Scaramucci, the co-founder of the SkyBridge—a hedge fund. In his view, the ferocious demand for crypto assets, mainly from institutions, will lift Bitcoin’s valuation to new levels.

During his Bitcoin for Corporation summit, Michael Saylor—the CEO of MicroStrategy—a business intelligence firm with over $3 billion worth of BTC, said Bitcoin might receive $25 billion from institutions by the end of 2021. His virtual event was attended by representatives of Pfizer, SpaceX, Disney, and other Fortune 500 companies. A few days later, SEC filings show that Tesla had invested $1.5 billion from the $19 billion cash reserves.

The Chairman of Dubai-based IBC Group, Khurram Shroff, also recently pledged 100k BTC to help set up “the Miami 2.0 Blockchain Strategy Foundation and other joint ventures” to accelerate cryptocurrency adoption.

Hedge funds, public companies, and corporations are heavily investing in Bitcoin. Some are building the prerequisite infrastructure needed for the success of crypto as an emerging alternative to fiat.

Cryptocurrencies have attractive properties like censorship-resistance enabling borderless transfers without interference from third parties.

Finding Alternatives, the Case for Crypterium

While the focus is on Bitcoin, analysts point out other potent blockchain projects with firm roots offering superior value propositions.

Bitcoin is a transactional layer, facilitating the transfer of value from one end to another. It has since morphed into a store-of-value asset. But still, the coin can be used as a medium of exchange.

One of them is Crypterium and its native ERC-20 token, CRPT. The token is used as a fee payment solution in the Crypterium ecosystem. The blockchain project is building a mobile application that supports several cryptocurrencies. The App converts digital assets to fiat, which can then be spent anywhere, just like cash.

Widespread Adoption

Crypterium is led by the former Visa General Manager, Steven Parker. In over two years, the regulated financial technology firm compliant with Estonia and UK’s laws has evolved to be one of the most widely adopted cryptocurrency services providers.

By the end of 2020, the Crypterium wallet was used by over 350k users in more than 170 countries. The wallet combines traditional finance and digital assets with an unlimited number of wallets for users to hold, trade, or cash out among many cryptocurrencies, BTC, LTC, and CRPT.

Crypterium launched the new Crypterium Virtual Visa Card, compatible with Apple Pay and easy to apply. The card is as secure as it gets, designed explicitly for online shopping, payments, and subscriptions.

By all means, the Crypterium Visa Card is compatible with every website and application. Users will never need to worry about having their information stolen or abused.

In a recent interview, Steven said they are “demystifying cryptocurrencies.” They are also keen on making it easier for people to manage cryptocurrencies.

He said:

“Our goal has remained untouched since foundation. We make digital assets as easy to manage as cash. With Crypterium solutions, we demystify cryptocurrencies and make these unique assets easy to buy, exchange, cash out and invest in. And we’re already on track to achieve so with our two B2C products: Crypterium Wallet and Crypterium Card.”

Analysts’ Take on CRPT

According to Wallet Investor, Crypterium’s CRPT token is a worthwhile long-term investment. They project the CRPT token price to reach $1.55 in years to come. Possible tailwinds will be the increasing crypto adoption and digitization following the effects of the coronavirus pandemic.

As of Feb 26, the CRPT token is trading at $0.26 from a circulating supply of over 84.4 million tokens.

Last year, amid the coronavirus pandemic, their monthly profits rose 10X from a turnover of over €150 million. In the first two months of 2021, Crypterium has already made half of last year’s turnover.

Altcoin News, Blockchain News, Cryptocurrency News, News
Julia Sakovich
Author: Andrey Sergeenkov

Founder and editor at BTC PEERS. Andrey writes about financial experiments, DeFi, cryptocurrency, and blockchain.

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