Do not invest in Crypto.coms own Cronos token previously known as Cro.A while back Crypto.com burned a lot of Cronos tokens which should be a good thing for those that invested in the Cronos crypto tokens. Burning tokens means taking them out of circulation never to return. This usually means that the the remaining tokens should stand a much better chance of increasing in value ( Bitcoin has a total supply limited to 27 Million bitcoins most now of which have been mined and are in circulation leaving currently only just over 1 million left to mine. No more bitcoin will ever be minted and the mining rewards are halved every four years ) Unbelievably Crypto.com has somehow through corruption decided to recover their burned tokens so Crypto.com can sell these previously burnt tokens. A few years ago they reckoned to have burnt 90% of the tokens. Why this is important is because if you look at Donalds Trumps meme token he personally launched launched ( Official trump coin ) there's a total supply of 1 billion trump coins of which only 200 million are in circulation. This means personally Donald Trump has got in his own crypto wallet 800 million trump coins that he can sell which would if dumped into circulation flood the market with his coins and those holding his coins would see their investments become virtually worthless. Bearing this in mind I be unlikely to invest in trump coin because if they increased in value he could every now and again sell a few million which would bring the value back down. But if he burned say 780 million of that 800 million he hadn't put into circulation they should be gone for good which up until today would have me thinking that Donald trump would only be holding 20 million coins and I'd probably would buy a few. Now after Crypto.com has done this I'd certainly advise if you hold any Cronos get them sold and cash out. This is very damaging for the crypto industry and I guess will trigger a blood bath as people dash for the exit.
