The current market price of CRO, at the time of writing, is $0.064 and is down nearly 1% in 24 hours. Its price 7 days ago was 0.064, which means that there is no net change in its price for a week.
Ultimi updates of Cronos
In the latest tweet on November 29, Ledger announced the availability of the Cronos chain in Ledger Live, which means that users can easily manage their CRO tokens via Cronos Blockchain with Ledger.
Earlier this month, the Skytale platform announced its support for the Cronos chain. Skytale’s integration with Cronos was intended to make web3 simpler, user-friendly and easier.
Latest CRO price
CRONOS is not extractable and its goal is to accelerate the worldwide transition to cryptocurrencies. CRO was designed to facilitate transactions within its blockchain and financial ecosystem.
This year’s CRO Price Summary
- Last 1 month: -43.1%
- Last 3 months: -49.0%
- YTD: -89.1%
The trading volume of CRONOS is steadily declining 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 capitalization.
The price of CRONOS has fallen by more than 40% in the last 30 days.
CRO Technical Analysis
The CRO has been declining in recent months, but has attempted recovery on several occasions. On the 24-hour chart there was a marginal increase in the price of CRONOS.
CRONOS is currently trading marginally at over $0.063 with support at $614. The graph below shows that CRO showed a reversal every time it tested support. CRO is once again testing its first level of support and is expected to increase once again. The current resistance is $0.11
The price of CRONOS is moving below the 30-day average, but has formed an upward curve. For the uptrend, the CRONOS price will have to move in the demand zone which lies between $0.066 and $0.071. Failing to break, we could see a huge retirement for CRONOS.
Is CRO a good investment? The CRO blockchain focuses on providing utilities to users of Crypto.com’s payment, trading, and financial services solutions. CRO allows users to pay more to online merchants and sometimes also acts as an intermediate currency that allows users to convert cryptocurrency.
The CRO coin gained over 1000% in 2021, but struggled during the year losing over 80% in value. The first two quarters were terrible thanks to the Fed reducing the size of its balance sheet and the Luna Crash.
As a result, data from IntoTheBlock currently shows that around 77% of CRO coin holders are at a loss, while only 21% of holders are at a profit.
36% of CRO coin holders are over 1 year old, while 61% are between 1 and 12 months old. 2% of CRO coin holders are less than a month old.
Therefore, is the currency Crypto.com a good investment?
There are many positives
Backed by Crypto.com, a well-known brand.
Wide range of uses, from use on Crypto.com exchange, payments, NFT, DeFi and Staking
Limited competition with only 4 major exchange competitors. With a native captive market, CRO can consistently perform well in the long term
In order to increase investor confidence in CRONOS, the parent company of CRONOS, crypto.com ventured into several fields. Last year he brought the naming right of the 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 treasurer of CRONOS, is well funded. Crypto.com is also the official sponsor of this year’s FIFA World Cup
However, CRO underperformed its peers by a wide margin. Here are the YTD performance of its competitors
With this metric alone, CRO is not a big investment to consider at the moment.
Will the CRO go up?
CRONOS is backed by a major brand crypto.com, however, the recent FTX fiasco has led to doubts about Crypto.com’s future as well. The current market condition is worrying and the chances of CRONOS recovering this year are bleak.
FTX has been one of the most popular cryptocurrency exchanges and with its collapse, investors are mining their digital assets from exchanges. CRONOS is an exchange token and to increase it must have more investors flocking to the crypto.com exchange. Currently, the scenario is different, so the CRO may not go up as of now.
Will the CRO tear down?
CRO lost more than 40% of its value in November 2022. As an exchange token, CRO is struggling like the rest of the exchange tokens. The collapse of FTX has increased fear of the rest of exchanges following a similar path. As with JP Morgan’s latest report, a massive withdrawal from trade is taking place.
The price of CRONOS is influenced both by the current conditions of the cryptocurrency market, and by traders looking for a safe place to store their assets rather than keep them on the exchange. Looking at the performance of CRONOS, there is a greater chance that CRO prices will go down.
Future CRO Price Prediction
2022 CRO Price Forecast: The CRO price is expected to remain below $0.10 by the end of 2022. The maximum price is $0.08.
2023 Cronos Price Prediction: The maximum 2023 aggregate price forecast for CRONOS is $0.145.
2025 CRO Price Prediction: The 2025 aggregate CRO Price Prediction is $0.23.
The 2026 CRO price forecast is $0.055. This is 4.6 times the current price.
The 2027 CRO price forecast is $0.725. This is 6.6 times the current price.
The price forecast of Cronos 2028 is $1.07. This is 9.8x the current price.
The 2029 CRO price forecast is $1.55. This is 14.1x the current price.
CRONOS Price Prediction 2030: The overall CRO 2030 price forecast is $2.2.
Crypto.com in trouble?
The FTX exchange that was bigger than Crypto.com went bankrupt within days. Since then, fear has increased that Crypto.com will follow a similar path. The native coin of Crypto.com CRONOS has fallen by more than 40% in the last 10 days.
The reason for the panic among investors is justifiable. Crypto.com as FTX has spent a huge amount of capital on advertising and celebrity sponsorships. Added, Crypto.com as FTX is based in the United States. FTX is headquartered in the Bahamas and Crypto.com is a Singapore registered company.
Recently Crypto.com mistakenly sent more than 80% of its holdings in ether worth $400 million worth of cryptocurrency, to the Gate.io exchange. However, the company later said it was able to recover them. This activity, however, did not go well with investors or traders on the crypto.com platform.
Crypto.com CEO Kris Marszalek has since used almost all social media to try to reassure customers that their deposits are safe and that the company is on solid footing.
Binance’s CEO, however, was quick to raise an alarm after the incident. He said an exchange that suddenly moves large amounts of cryptocurrencies in this way “is a clear sign of problems.”
However, it would be too early to conclude on Crypto.com’s financial status as of now, but there is panic among investors.
Cronos Coin Price Prediction: DeFi TVL Performance
CRO DeFi TVL has been steadily declining regularly. CRO TVL has reached its new low and is now below $500 million.
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 features such as:
Facilitates trading on the Crypto.com
It can also be used for decentralized finance
CRO allows users to pay more to online merchants
Cronos Performance Update, first 6 months
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 development and publishing of apps
Blockchain level to improve transaction speed and efficiency
Updates to support gaming and metaverse applications
Cronos Labs to scale and support new projects through Grants Program, Accelerator and Hackathons
There has been little impact on pricing because, unlike a polygon that seems to expand across industries and categories, Cronos’ emphasis seems to be extremely technical and focused on use cases.
How will CRO reach 1 dollar?
CRO almost reached $1 in November 2021, but after touching $0.96 the price receded. Considering current market conditions, here’s how and when CRO will hit $1:
If CRONOS increases by 30% per year: in the next 8.5 years.
If CRONOS increases by 50% per year: in the next 5.5 years.
Can CRO reach $100?
The all-time high of CRONOS was just below $1, but now the price of CRONOS is just over 0.110. However, it will be unwise to consider the current price and declare that CRONOS will not reach $100. Cryptocurrency is no longer just about tokens, but about the ecosystem and support that could help boost investor confidence in a particular cryptocurrency. In this regard, CRONOS is ahead of most cryptocurrencies.
How can CRONOS reach $100?
All of the
above factors indicate that CRONOS is safe and has a better chance of climbing in the future. However, to determine when and how CRO will reach $100, let’s do some calculations:
If the CRO were to increase by 25% per year, the number of years that CHRONOS would take to reach $100 is 31 years.
If the CRO were to increase by 50% per year, the number of years that CHRONOS would take to reach $100 is 17 years.
How is Cronos different from others?
Cronos aims to make transactions faster and less expensive.
It is a closed-source blockchain to offer various decentralized financial services, so it is secure and no one can look at their programming or use this blockchain to create their own products.
Crypto.com allows you to buy and sell all your cryptocurrencies in one wallet. There are no hidden fees, and you can also earn rewards for staking.
Users can get exemptions for purchasing various cryptocurrencies through CRO on their app.
In the Crypto.com payment app, users can get up to 20% cashback for payment via CRO and up to 10% for purchasing gift cards.
Can the CRO reach $1000?
CRO lost two-thirds of its value in April 2022. Firstly because of the Fed’s implementation of a plan to reduce the size of its balance sheet and secondly because of the collapse of the MOON. CRO’s future growth depends on improving external liquidity (which could remain an issue for many months to come) and how CRO is able to truly stand out in the market.
It failed to stand out in the market despite the Crypto.com association and rebranding of Cronos. The lack of a strong community is a major problem. Lack of strong engagement with influencers is also another major issue.
For CRONOS to reach 1000 dollars, if CRO earns 50% per year, it will take 23 years to reach 1000 dollars. Also, if CRO earns 25% per year, it will take 41 years for CRO to reach $1,000.
CRO Price Prediction: How to Buy CRO or CRONOS Coins?
Buying CRONOS cryptocurrencies is similar to buying other cryptocurrencies. The steps for buying CRONOS cryptocurrency are:
Step 1: To invest in CRO you must first find an exchange that offers CRO Coin for Trade: CRONOS is the native token of Crypto.com, therefore, some of the exchanges with your native tokens may not have CRO listed for the exchange. Therefore, finding a good exchange with lower fees for trading CRONOS can be slightly difficult.
Step 2: Create an account with the exchange
: Once you’ve selected the exchange, the next step will be to create an account and add a payment method to the exchange. You may be required to provide your proof of identity to open an account with exchanges.
Step 3: Verify your identity: After creating your account, you will be required to verify your identity so that the exchange can activate your account. After verification, it depends on the exchange period to activate your account.
Step 4: Fund the account: The next step is to fund the account. You can do this with a bank account or any other payment method.
Step 5: Make the purchase: Next is to make the purchase. You can buy the amount of CRONOS depending on the value of your wallet.
Once you have made the payment and purchased the CRO coin, the last step is to keep the purchased coins. Most exchanges offer their own wallet where CRO coins can be stored. However, for added security, you can store purchased CRO coins in external wallets. Some of the external wallets are Ledger Wallet, Metamask Wallet, Atomic Wallet, Binance Wallet, etc.
The exchanges that offer CRO coins to trade are: