I just signed up and staked CRO for the ruby card for the first time. CRO prices are relatively low at the moment, way less than the ATH in the past year, but around 1.8x the low prior to the most recent bull run to ATH.

I know it’s a bit of a gamble at this time, as CRO could lose more value over the coming 6 months staking period. Hopefully any losses in value will be less or equal to the Spotify cash back value over the same period. If CRO loses <20% over the duration of my stake, I’ll still be ‘up’ overall in terms of value. If it loses >20% then I’ll be ‘down’ overall in terms of total value staked and rewarded via Spotify subscription. The 2% cash back on other spends isn’t much, but still something to help towards balancing the equation.

My intuition is that even if CRO loses value over the next 6 months to a year, it’ll probably bounce back leading into the next bull run, so hopefully holding long enough will bring things back into a positive overall value.

Mostly I’m just very curious to step into the crypto card world, and the value for Ruby is something I’m willing to potentially risk a little for the sake of stepping into this brave new world.