CRO is a native currency of the Crypto.org blockchain. The CRO blockchain focuses on providing utilities to users of Crypto.com’s payment, trading, and financial services solutions. On the Crypto.com platform, CRO facilitates trading. It can be used for decentralized finances. Sometimes it also acts as an intermediate currency that allows users to convert cryptocurrency.
CRONOS is not underminable and its goal is to accelerate the world’s transition to cryptocurrencies.
CRO was designed to facilitate transactions within its blockchain and financial ecosystem.
CRO Price Summary This Year
- Last 1 month: -29.2%
- Last 3 months: -50.8%
- YTD: -87.5%
Table of Contents:
CRO Price Prediction 2023: 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 intermediary 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 lowering the size of its balance sheet and the Luna Crash.
- Q1: -20%
- Q2: -77.1%
- Q3: -1.5%
- Q4: -34.7%
As a result, IntoTheBlock data currently shows that about 77% of CRO coin holders are at a loss, while only 21% of holders are profitable.
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.
So, Crypto.com coin is a good investment?
There are many positives
- Backed by Crypto.com, a well-known brand.
- Wide range of use, from use on Crypto.com exchanges, payments, NFT, DeFi and Staking
- Limited competition with only 4 major exchange competitors. With a native captive market, the CRO can perform consistently well over the long run
- 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 an 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 CRONOS supporter 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 performances of its competitors
- LEO: -0.6%
- BNB: -47.3%
- CRO: -87.5%
With this metric alone, CRO isn’t a big investment to consider right now.
Note: Exchange tokens have traded negatively this year, but the collapse of the FTT token has affected other exchange tokens more.
How will CRO reach $1?
CRO almost reached $1 in November 2021, but after touching $0.96 the price receded. Considering the current market condition, here’s how and when the CRO will reach $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.
CRO will reach $10 or even $1, Click here
Crypto.com News
Crypto.com sent 320,000 in Ethereum to another cryptocurrency exchange by mistake. The wrong transaction was valued at over $400 million. The tokens were sent to another crypto exchange Gate.io. This latest news was crypto.com shared by the CEO of Crypto.com via his official Twitter account.
Will Cro recover?
CRONOS is backed by one of the best cryptocurrency exchanges, Crypto.com. For this reason, the usefulness of CRONOS is high and there is high trust for both crypto.com and CRONOS tokens among investors. This factor gives CRONOS an additional advantage over its rival cryptocurrencies. However, to answer the question, CRONOS will recover, then it can be said that it is highly unlikely that CRONOS will recover this year.
The main reason behind it is that micro factors are completely unfavorable. There is no end to the ongoing Russia-Ukraine conflict, countries around the world are gradually being pushed into recession, inflation rates are high, and the spending power of ordinary citizens has decreased. Therefore, it is highly unlikely that CRONOS will recover this year.
The Best Cryptocurrency to Invest in 2022
Cronos Price Forecast: DeFi TVL Performance
CRO DeFi TVL has been on a downward trend since mid-August. While BSC (Binance) TVL has increased since mid-September, CRO has not
Crypto.com CRO Price Prediction 2022
CRO Price Prediction 2022 is $0.13 which is 1.2 times the current price.
Crypto.com CRO Price Forecast 2023
Cronos Price Prediction 2023 is $0.23 which is 2.1 times the current price.
CRO Price Prediction 2024 is $0.33 which is 3 times the current price.
CRO Price Prediction 2025
The aggregate CRO price forecast for 2025 is $0.45.
CRO Price Prediction 2026 is $0.505. This is 4.6 times 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 9.8 times the current price.
CRO Price Prediction 2029 is $1.55. This is 14.1x the current price.
CRONOS Price Prediction 2030
The overall forecast CRONOS Price 2030 is $2.2.
Can CRO reach $100?
CRONOS’
all-time high was just under $1, but now CRONOS’ price 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 longer just about tokens, but about the ecosystem and support that could help increase 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 increasing in the future. However, in order 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 it would take CRONOS to reach $100 is 31 years.
If the CRO were to increase by 50% per year, the number of years it would take CRONOS to reach $100 is 17 years.
CRO Price
On Reddit, the discussion about the future of the CRO is rather mixed. Few Reddit users are optimistic about the increase in CRO in the future, while many think that CRO may not be able to reach its ATH in the near future.
Future CRO
Can CRO reach $1000?
CRO lost two-thirds of its value in April 2022. Firstly because of the Fed’s launch of a plan to reduce the size of its balance sheet and secondly because of the collapse of LUNA. 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. The lack of strong engagement with influencers is also another major issue.
For CRONOS to reach $1000,
if CRO earns 50% per annum, it will take 23 years to reach $1000. Also, if CRO earns 25% annually, it will take 41 years for CRO to reach $1000.
What Is CRO Cronos Coin?
There are two types of CRO coins.
- CRO is a currency native to the Crypto.org blockchain and can be used for transactions Crytpo.org
- CRO is also an ERC-20 token used for transactions on the Ethereum Blockchain and needs Ether as gas fees for transactions
- The crypto.com ecosystem is built on Ethermint which allows apps and smart contracts to move within blockchains. Cronos like many other cryptos are interoperable and can communicate between their blockchain and those that support the Inter Blockchain Communication Protocol.
- The CRO blockchain focuses on providing utilities to users of Crypto.com’s payment, trading, and financial services solutions.
- Cronos (CRO) the native currency of Crypto.com has various features
- Facilitates trading on the Crypto.com platform
- Can also be used for decentralized finance
- CRO allows users to pay more to online merchants and
- Sometimes it also acts as an intermediate currency that allows users to convert cryptocurrency.
- Some practical use cases CRO stake payments using Crypto.com Visa card Crypto.com Fiat wallet Crypto.com exchange Crypto.com DeFi wallet
.
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 simplify app development and publishing
- Blockchain layer 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 Hackathon
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.
CRONOS Price Prediction: CRO Token Summary
The total supply of CRO tokens is 30,263,013,692 which is also the maximum bid. CRO coins are used for several purposes:
30% is used for secondary distribution and launch incentives that have been released in batches on a daily basis for five years since November 14, 2018.
– 20% is used as a capital reserve that has been frozen until 7 November 2022.
– 20% is used for long-term network incentives that have been frozen until 7 November 2022
20% is for ecosystem grants that have been frozen until the launch of Crypto.com Chain Mainnet
– 10% of the CRO currency must be used for community development.
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 first need to find an exchange that offers CRO Coin for Trade: CRONOS is the native token of Crypto.com, so 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 Exchange: After selecting 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 time period to activate your account.
Step 4: Fund the bill: The next step is to fund your account. You can do this through 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 you can store CRO coins. 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.
