CRO Price Prediction 2023, 2025, and 2030: Why is its price going up?

CRO Price Prediction 2023, 2025, and 2030: Why is its price going up?

CRO Price Prediction: CRONOS Price is predicted to remain below $0.10 by the end of 2022.

CRO Price Prediction 2023 is $0.23. However, with the current momentum, the price of CRO could remain below $0.20. Read on

CRONOS Price Prediction 2030: The aggregate CRONOS Price Prediction 2030 is $2.2.

Will CRO Reach $1? CRONOS can reach $1 if the market condition improves and there is a huge surge in the price e of CRONOS.

**Since October 2022, CRONOS has lost over 40% of its value. However, October saw CRO gaining around 4% but in November after the FTX crash, CRO lost all its gains.**


Latest Updates- 5th December

The current market price of CRO, at the time of writing, is $0.07 and is up by nearly 13.29% in 24 hours. Its price 7 days ago was 0.06, meaning that CRO’s price has increased by more than 14% in a week.

Below attached is its Google trends data, indicating how actively people are searching for Cronos in the last 24-hours. The data depicts that the search has increased by 4 points in the last one day.

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Image: 24-hour Google Trends data

As we can see that CRO’s price is having a sudden hike of more than 13%. Here, one of the reasons for the same could be the two major deposits two days ago.

Sharkscan noticed two deposits worth $11,120 and $26,113 for CRO at an average price of $0.075.

Cronos Reddit discussions- 5th December

In a recent discussion on Reddit today, a user asked “Is Cro just another fake coin that an exchange made up?”

To which people responded that no matter that CRO isn’t backed up by anything, it’s still worth it. However, some users believed that there isn’t any use for CRO beyond reward points.

Recent Twitter sentiments for $CRO

In the latest tweet, a day ago, one user asked whether it is time to buy a $CRO token. To which the majority of the people responded against it.

One user even commented that the coin is useless and will soon go to zero.

Cronos Latest Updates

In the latest tweet on 29th November, Ledger announced the Cronos chain’s availability in Ledger Live, meaning that users can easily manage their CRO tokens through Cronos Blockchain with Ledger.

Earlier this month, the Skytale platform announced its support for the Cronos chain. The integration of Skytale with Cronos was intended to make web3 simpler, user-friendly and easy.

Note that Skytale is an analytics platform whose aim is to create a simple web3 world.

Latest CRO Price

CRONOS is not mineable and its aim is to accelerate the world’s transition to cryptocurrencies. CRO has been designed to facilitate transactions within its blockchain and financial ecosystem.

CRO Price Summary This Year

  • Last 1 Month: -43.1%
  • Last 3 Months: -49.0%
  • YTD: -89.1%

The trading volume of CRONOS has been constantly falling and the price of CRONOS has been trading between $0.06 and $0.08. In the last 15 days, CRO has lost over $1 Billion of its market cap.

CRONOS price is down over 40% in the last 30 days.

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CRO Technical Analysis

CRO has been in a decline for the past several months but has attempted recovery on several occasions. On the 24 hours chart there has been a marginal rise in the price of CRONOS.

CRONOS is currently trading marginally at over $0.063 with support at $0.614. The below chart shows that CRO has shown a reversal whenever it tested the support. CRO is once again testing its first support level and it is expected to rise once again. The current resistance stands at $0.124

CRONOS price is moving lower than the 30-day average but has formed an upward curve. For the bullish trend, CRONOS price will have to move in the demand zone that lies between $0.066 and $0.071. Failing to break, we may witness a huge pullback for CRONOS.

On the RSI chart, CRONOS has tested a mark below 30 indicating a high sell-off. Currently, the RSI stands at 34.02 arising due to a high number of sellers participating in the CRO transaction. However, we predict a reversal as on the RSI chart, CRONOS has moved above the over sold territory.

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image 288

Is CRO a Good Investment?

CRO blockchain is focused on providing utility to the users of Crypto.com’s payment, trading, and financial services solutions. CRO allows users to pay more to online merchants and it also sometimes acts as an intermediary currency that allows users to convert the cryptocurrency. 

CRO coin gained over 1000% in 2021 but has struggled through the year losing more than 80% in value. The first two quarters have been terrible thanks to the Fed bringing down the size of its balance sheet and the Luna Crash.

  • Q1: -20%
  • Q2: -77.1%
  • Q3: -1.5%
  • Q4: -42.3%

As a consequence, The Data from IntoTheBlock shows currently around 77% of the CRO coin holders are at a loss while only 21% of the holders are at profit.

36% of the CRO Coin Holders are over 1 year old while 61% are between 1-12 months old. 2% of the CRO Coin holders are less than a month old.

Therefore, Is Crypto.com coin a good investment?

There are many positives

  • Backed by Crypto.com, a well-known brand name.
  • Wide range of Usage, from use on the Crypto.com exchange, payments, NFT, DeFi, and Staking
  • Limited competition with only 4 major exchange competitors. With a native captive market, CRO can perform consistently well in the long run
  • In order to increase the trust of investors in CRONOS, the parent company of CRONOS, crypto.com has been venturing into different fields. Last year it brought the naming right of Staples Center in Los Angeles. Crypto.com is also the official sponsor of the FIFA World Cup.
  • Crypto.com was also the official sponsor of last season’s NFL Super Bowl. This indicates that crypto.com, the backer of CRONOS is well-funded. Crypto.com is also the official sponsor of this year’s FIFA World Cup

However, CRO has underperformed its peers by a wide margin. Here is the YTD performance of its competitors

  • LEO: +10.3%
  • BNB: -48.6%
  • CRO: -89.1%

By this metric alone, CRO is not a great investment to consider at the moment.

Note: The exchange tokens have been trading negatively this year but the crash of FTT token has affected the Crypto.com token more.

Will CRO Go Up?

CRONOS is backed by a big brand crypto.com, however, the recent FTX fiasco has led to doubt even the future of Crypto.com. The current market condition is worrisome and the chances of recovery of CRONOS this year are bleak.

FTX was one of the most popular crypto exchanges and with its collapse, investors are pulling out their digital assets from the exchanges. CRONOS is an exchange token and for it to rise it needs to have more investors flocking to the crypto.com exchange. Currently, the scenario is different, therefore, CRO may not go up as of now.

Will CRO Go Down?

CRO has lost over 40% of its value in the month of November 2022. As an exchange token, CRO is struggling like the rest of the exchange tokens. The collapse of FTX has increased the fear of the rest of the exchanges following a similar path. As per the latest JP Morgan report, massive withdrawal from the exchanges is taking place.

The price of CRONOS is being affected by both the current crypto market condition and well as the traders looking for a safe place to store their assets rather than keeping them in the exchange. Looking at the performance of CRONOS, there are higher chances of CRO prices going down.

CRO Future Price Prediction

CRO Price Prediction 2022: CRO Price is predicted to remain below $0.10 by the end of 2022. The maximum predicted price is $0.081.

Cronos Price Prediction 2023: The maximum aggregate 2023 price prediction for CRONOS is $0.145.

CRO Price Prediction 2025: The aggregate CRO Price Prediction 2025 is $0.23.

CRO Price Prediction 2026 is $0.505. This is 4.6x the current price.

CRO Price Prediction 2027 is $0.725. This is 6.6x the current price.

Cronos Price Prediction 2028 is $1.07. This is 9.8x the current price.

CRO Price Prediction 2029 is $1.55. This is 14.1x the current price.

CRONOS Price Prediction 2030: The aggregate CRO Price Prediction 2030 is $2.2.

Is Crypto.com In Trouble?

The FTX exchange which was larger than Crypto.com went bankrupt within a span of a few days. Since then a fear of Crypto.com following a similar path has risen. The native coin of Crypto.com CRONOS is down over 40% in the last 10 days.

The reason for panic among investors is justifiable. Crypto.com like FTX has spent a huge capital on advertisements and celebrity endorsements. Added to it, Crypto.com like FTX is based out of the United States. FTX is based out of the Bahamas and Crypto.com is a registered company from Singapore.

Recently Crypto.com mistakenly sent more than 80% of its ether holdings that is worth $400 million worth of cryptocurrency, to the Gate.io exchange. However, the company, later on, said that it has been able to recover them. This activity, however, did not go well with the investors or traders on the crypto.com platform.

Crypto.com CEO Kris Marszalek has since then been using almost all social media mediums to try to reassure customers that their deposits are safe and the company is on solid footing.

The Binance CEO however, was quick to raise an alarm after the incident. He said that an exchange suddenly moving large amounts of crypto like that “is a clear sign of problems.”

However, it would be too early to conclude about the financial state of Crypto.com as of now but there is panic among the investors.

Cronos Coin Price Prediction: DeFi TVL Performance

CRO DeFi TVL has been consistently falling regularly. CRO TVL has hit its new low and now it is below $500 M.

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Before discussing the CRO Coin Price Prediction, Let us understand what is CRONOS and its Roadmap

What is CRO Cronos Coin?

CRO is a native currency of the Crypto.org blockchain and can be used for Crytpo.org transactions. It is also an ERC-20 Token used for transactions on the Ethereum Blockchain.

Crypto.com has various functionalities such as:

  • Facilitates trades on the Crypto.com platform
  • It can also be used for Decentralized Finance
  • CRO allows users to pay more to online merchants

CRO Roadmap

Cronos Performance Update, First 6 Months (Click here to read the article in detail)

  • 900,000 Users
  • 300 DApps
  • 480,000 Transactions per day

There are 4 axes on which improvements have been made or planned to be implemented

  • Developer level to enable easy app development and publishing
  • Blockchain level to improve transaction speed and efficient
  • Upgrades to support gaming and metaverse applications
  • Cronos Labs to scale and support new projects through Grants Program, Accelerator, and Hackathons

There has been limited impact on price because, unlike a polygon that appears to be expanding across sectors and categories, Cronos’s emphasis appears to be extremely technical and use case focus.

How Will CRO Reach $1?

CRO almost reached $1 in November 2021 but after touching $0.96 the price retreated. Considering the current market condition here is how and when will CRO reach $1:

If CRONOS Rises 30% A Year: In Next 8.5 years.

If CRONOS Rises 50% A Year: In Next 5.5 years.

Will CRO Reach $10 or even $1, Click here

Best Cryptocurrency to Invest in 2022

Can CRO Reach $100?

The all-time high of CRONOS was just below $1 but now the price of CRONOS is just over $0.10. However, it will be unwise to consider the current price and declare that CRONOS will not reach $100. Cryptocurrency is no more just about the tokens but the ecosystem and the backing that could help increase the trust of investors towards a particular cryptocurrency. In this respect, CRONOS stands ahead of most cryptocurrencies.

How can CRONOS Reach $100?

All the above factors do indicate that CRONOS is safe and has a better chance of rising in the future. However, in order to determine when and how CRO will reach $100, let us do some calculations:

If CRO were to rise 25% per annum, the number of years CRONOS would take to reach $100 is 31 years.

If CRO were to rise 50% per annum, the number of years CRONOS would take to reach $100 is 17 years.

How is Cronos different from others?

  • Cronos aims to make transactions faster and less costly.
  • It is a closed-source blockchain for offering various decentralized financial services, so it is secure, and no one can watch their programming or use this blockchain to create their products.
  • Crypto.com allows you to buy and sell all your cryptocurrencies in just one wallet. There are no hidden fees, and you can even earn rewards for staking.
  • Users can get fee waivers for buying various cryptos through CRO on their app.
  • In the Crypto.com payment app, users can get up to 20% cashback for paying through CRO and up to 10% for purchasing gift cards.

Can CRO Reach $1000?

CRO lost two-thirds of its value in April 2022. First because of the Fed rolling out a plan to reduce the size of its balance sheet and second because of the Collapse of LUNA. CRO’s future growth is dependent on improved external liquidity (which may remain an issue for many months to come) and how CRO is able to really stand out in the market.

It has failed to stand out in the market despite the Crypto.com association as well as Cronos’ rebranding. The lack of a strong community is a major issue. The lack of strong influencer engagements is also another major issue.

For CRONOS to reach $1000, if CRO gains 50% annually then it will take 23 years to reach $1000. Additionally, if CRO gains 25% annually, it will take 41 years for CRO to reach $1000.

CRO Price Prediction: How to Buy CRO Coins or CRONOS?

Buying CRONOS crypto is similar to buying other cryptocurrencies. The steps for buying the CRONOS crypto are:

Step 1: For Investing in CRO first you need to find an exchange offering CRO Coin for Trade: CRONOS is the native token of Crypto.com, therefore, some of the exchanges with their own native tokens may have not listed CRO for exchange. Thus, finding a good exchange with lower fees for the trading of CRONOS may be slightly difficult.

Step 2: Creating an account with the Exchange: Once you have selected the exchange, the next step will be to create an account and add a payment mode to the exchange. You may be required to furnish your ID proof in order to open an account with the exchanges.

Step 3: Verify your Identity: After your account is created you will be required to verify your identity so that the exchange can activate your account. After the verification, it depends upon the exchange time frame to activate your account.

Step 4: Fund the account: The next step is to fund your account. You can do it by a checking account or any other mode of payment.

Step 5: Make Purchase: The next is to make the purchase. You can buy the quantity of CRONOS depending upon your wallet value.

Once you have made the payment and purchased the CRO coin, the last step is to store the purchased coins. Most of the exchanges offer a wallet of their own where the CRO coins can be stored. However, for more security, one can store their purchased CRO coins in external wallets. Some of the external wallets are Ledger Wallet, Metamask Wallet, Atomic Wallet, Binance Wallet, etc.

The exchanges offering CRO coins for trade are:

  1. Crypto.com
  2. Coinbase
  3. FTX Exchange

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in Stocks or Coins. Please consult a registered investment advisor to guide you on your financial decisions. 

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.

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