Cryptocurrency Price Prediction

Cronos Price Prediction: Will CRO Price Hit $1 In 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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May 5, 2022

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The year 2021 had turned out to be a gamechanger for most of the groundbreaking altcoin projects. Interestingly, Cronos which had exhibited rapid volatility throughout the year. Turned out to be one of the innovative projects to look out for in the long term.

The key goal of the platform is focused on facilitating utility to the traders of Cronos’s financial services, trading and payment solutions. In addition, the platform further offers a wide range of several markets across the globe. With numerous cryptocurrencies, Fiats, perpetual, and futures shaping it as the best investment option. 

Are you considering CRO for your investment portfolio, but doubtful of its future prospects? Look no further, as this writeup will illustrate the feasible price predictions for 2022 and the years to come. 

Overview

CryptocurrencyCrypto.com Coin
TokenCRO
Market Capitalization$4,807,525,399
Circulating Supply25,263,013,692 CRO
All-Time High$0.2710 (February 22, 2021)
All Time Low$0.01149 (December 17, 2018)

Cronos (CRO) Price Prediction For 2022

Potential LowAverage PricePotential High
$0.697$0.883$1.091

  Cronos had commenced the year 2022 with a trading value of $0.567. CRO price sliced through its 20 D MA, whilst generating consecutive lower lows. As the crypto asset faced a heavy rejection at $0.5889, the bears haunted the rally, dragging another 20%. Which led to the price finding support at $0.4469, by the 19th of January. 

The market-wide crash took CRO price to its multi-month low of $0.326, by the 22nd of January.  

CRO’s price managed to climb back to $0.526, by the 11th of February. But turmoil in the industry resulting from the war between Russia and Ukraine. And soaring inflation numbers, dragged the price to $0.375, by the 25th of February. 

Uncertainty in the business led to the lack of volumes. This resulted in the price-setting back to $0.38 levels, after a fake leg-up. An upswing starting from the 16th of March led to the quarter’s trade closure at $0.4688.  

Cronos (CRO) Price Prediction For Q2

  CRO’s price has slipped down from its local top at $0.49413 and is presently changing hands at $0.3083. If Cronos manages to garner the interests of the masses, with its fundamental traits such as agility, cost-effectiveness, and frictionless. Alongside its hold on EVM compatibility and interoperability. The price of CRO could claim its potential high of $0.530. On the downside, if the bears manage to predominate the crypto asset, the price could slump down to $0.3126. That said, the average price could land at $0.415. 

CRO Forecast For Q3 

  If the makers drop the beta qualifier by the end of the second quarter and manage to roll out upgrades such as Relayer incentives, more connectivity, wallets, dApps, and gaming. Cronos could eventually find things turning out in its favour. As a result, the price could surge as high as $0.695.

However, negative criticism or a possible crash could slash the price down to $0.4871. Considering the bullish and bearish targets, the average price could settle at $0.582

Cronos Prediction For Q4

  The optimism of the fourth quarter, alongside the timely rollout of protocol governance, interchain accounts, and EVM packets over IBC could push the CRO price to $1.091. On the contrary, if the network fails to adhere to its expectations, the price could find support at $0.697. Collectively a balance in buying and selling pressures could land the price at $0.883.

CRO Price Forecast For 2023

CRO price is occupied in community initiatives, with more attention towards education, outreach, and inventions that may uplift the price to $2.475.  If inflation or any other regulatory fears threaten the price action, then the asset would plummet to the bottom of $0.943

Price Prediction For The Next Five Years

CRO price might achieve a new milestone in the next 5 years. It might be ranked among the top 15 currencies if it consistently looks upon certain enhancements of its platform and focuses on offering transparency for its applications. It might compete with many other altcoins and attain more investors and users. By the end of 5 years, CRO could hit a maximum of $7.199. However, stiffer competition and an ebbing stance could drop the price to $2.673.

YearPotential LowPotential High
20230.943$2.475
Next 5 Years$2.673$7.199

What Does The Market Say?

Wallet Investor

As per Wallet Investor’s predictions, CRO is forecasted to hit a maximum price of $0.672 by the end of 2022. By minimum, it could flip to $0.497. The token is expected to trade at an average price of $0.587 by the end of 2022. Wallet Investor anticipates Cronos to trade at an average at a maximum price of $1.912 by the end of 2025. 

Digital Coin Price

As per the predictions of Digital Coin Price, CRO might hit a maximum price tag of $0.43 by the end of 2022. The firm believes a reversal in trend could knock the price down to $0.38. The analysts from the firm expect CRO to reach as high as $0.50 by the end of 2023. And $0.66 by the end of 2025. 

Gov.Capital

According to Gov. Capital, the price is expected to reach a maximum of $0.638 in 2022. The forecast has pinned minimum and average price targets for the year at $0.471 and $0.555. Gov. Capital has also made predictions for the long term. It expects the altcoin could close the trade for 2025, with a maximum price of $2.768. 

Click here to read our prediction of Klaytn (KLAY)!

What Is Cronos (CRO)?

 Cronos is a decentralized and open-source blockchain developed by a financial services and trading organization.  It is a platform offering various services such as exchanges, brokerages, debit cards, DeFi, lend/borrow, and many more.

CRO is the native token and one of the products of the Chain. Which intends to build a network of projects and help the emerging merchants to accept cryptocurrencies as a form of payments. Cronos plans to expand its platform’s reach to other platforms as well and therefore impact the CRO price positively.

The team behind the network had made announcements on the 18th of February 2022. That Crypto.com will be rebranded to “Cronos”. Which reflects the decentralized nature of the ecosystem. According to the announcements, the ecosystem represents the next major phase in the adoption and utilization of Web 3.0 by millions of users. 

Fundamental Analysis

Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao founded Crypto.com in June 2018 as ‘Monaco Technologies’. CRO currently can be traded on popular platforms like Huobi Global, Okex, HBTC, etc. 

Chief founder Kris Marszalek carried experience in working with three reputed tech firms before he got the idea to launch Crypto.com. He had worked with Staline Polska, consumer electronics design and manufacturing business, and BEECRAZY, a well-known e-commerce firm. 

On the other hand, Rafael Melo who completed his graduation from the PUC-Rio accumulated 15-years of work experience in finance. He has worked with reputed firms in Asia and achieved to secure more than 50 million AUD in funding for Ensogo. 

Gary had completed his graduation in Computer science from the University of Hong Kong. He accumulated knowledge of full-stack website development for nine long years. He was an architect at Ensogo and also co-founded the mobile application development firm Foris. 

Our CRO Price Prediction

Cronos might emerge as a tough competitor for other coins as it offers functionalities like trading, financial services, and payments. According to Coinpedia’s formulated CRO’s price prediction. The altcoin might intensify as it aims to accelerate the global adoption of cryptocurrencies. 

The community might focus on certain collaborations to enrich its platform. By the end of 2022, the CRO price is expected to reach its potential high of $1. On the contrary, bearish trends could drag the price down to $0.7.

CRO Historic Price sentiments

2018

Crypto.com Coin made its existence in the crypto world on 15 December 2018 with a trading value of $0.019. Within a few days, the coin significantly rose to $0.035. But further declined to $0.019 at the end of December to close the year 2018.

2019

On a bearish note, CRO entered the year 2019 at an exchange value of $0.020. Later the price efficiently incited an upward trajectory and the token surged to $0.098 by mid-March. But plunged to $0.044 during the dawn of April. The currency again retested at $0.096 within a few days and continued to variate thereafter. 

Surprisingly, the coin hit $0.11 by mid-July as the currency got listed on many exchange platforms and later sank to $0.05. Further with the bearish attack, the token started to decline and arrived at $0.033 by December to end the year 2019.

2020

CRO opened the year 2020 with a trading price of $0.033. Later the price steadily started to grow and reached $0.065 by mid-February and continued to decline further. With certain variations, the currency shockingly sank to a support level at $0.032 by mid-March. 

Later the token elicited an upward trajectory and effectively surged to $0.17 by early September. As the community successfully launched a feature called Stake-to-Take and dramatically plunged to $0.06 by the end of November. The coin further declined to $0.05 by December to conclude the year 2020.

2021

With a solid start from the beginning of 2021, the CRO price surged by more than 250%. Bouncing from $0.06 to a new ATH of $0.27 by mid-April. Chinese market crisis in May has resulted in the price dump, wherefore the altcoin flipped to $0.09 by late June. 

The altcoin managing the uptrend surged to $0.4091, bypassing the previous ATH. In its efforts to rebrand Staples centre as Crypto.com arena in November. The altcoin skyrocketed to an ATH of $0.9698. However, bears rushed immediately plummeting the price action by more than half to $0.5408 by the end of 2021. 

To read our price prediction of Compound (COMP) click here!

FAQ

Q: Can CRO be mined?

A: No, CRO cannot be mined.

Q: What makes the CRO a unique currency?

A: CRO mainly focuses on providing services to the users of Cronos payment trading and financial services solutions.

Q: Does CRO process instant transactions?

A: Yes, CRO processes instant transactions at lower costs.

Q: Is CRO an open-source protocol?

A: Yes, CRO is an open-source protocol.

Q: Can CRO hit $1 in 2022?

A: Considering the previous price movements and the upcoming upgrades, CRO price is expected to reach $1 in 2022.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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