The year 2021 had turned out to be a gamechanger for most of the groundbreaking altcoin projects. Interestingly, Cronos had exhibited rapid volatility throughout the year. It turned out to be one of the innovative projects to look out for in the long term. The native asset of Cronos “CRO” had showcased impressive vertical price runs in the past.
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.
|Circulating Supply||25.26B CRO|
|All-Time High||$0.2710 (February 22, 2021)|
|All Time Low||$0.01149 (December 17, 2018)|
*The statistics are from press time.
|Potential Low||Average Price||Potential High|
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 that resulted 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. The fourth quarter was tragic for Cronos, just like the majority of the digital assets in the business. The CRO price lost close to 78% gains since the beginning of the fourth quarter.
If the makers drop the beta qualifier 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 $0.1509.
However, negative criticism or a possible crash could slash the price down to $0.107. Considering the bullish and bearish targets, the average price could settle at $0.1304.
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 $0.1917. On the contrary, if the network fails to adhere to its expectations, the price could find support at $0.13623. Collectively, a balance in buying and selling pressures could land the price at $0.164.
CRO price is occupied in community initiatives, with more attention towards education, outreach, and inventions that may uplift the price to $0.346. If inflation or any other regulatory fears threaten the price action, then the asset would plummet to the bottom of $0.1754.
If the makers behind Cronos continue to roll out developmental and community-building initiatives. The CRO price could propel to its potential high of $0.538. On the contrary, failing to upkeep its stance and vision, could result in negative criticism and a fall to $0.2833.
Cronos might achieve greater milestones by the end of 2025. 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. That said, CRO could hit a maximum of $1.195, by the end of 2025. However, stiffer competition and an ebbing stance could drop the price to $0.7957.
|Year||Potential Low||Potential High|
As per the predictions of Digital Coin Price, CRO might hit a maximum price tag of $0.16 by the end of 2022. The firm believes a reversal in trend could knock the price down to $0.14. The analysts from the firm expect CRO to reach as high as $0.18 by the end of 2023. And $0.24 by the end of 2025.
According to the price prediction by Trading Beasts. The altcoin is expected to soar to a maximum of $0.212 by the end of 2022. The analysts from the firm have pinned the minimum and average closing prices at $0.144 and $0.169 respectively. That said, CRO is anticipated to surge as high as $0.324 by the end of 2025.
The analysis website has set the maximum closing target for 2022 at $0.27. Whilst bearish trends in the market could drag the price down to $0.23. An equilibrium in buying and selling pressures could land the price of the altcoin at $0.24. The analysts believe the altcoin could surge as high as $0.6 by the end of 2023. And $0.84 by the end of 2025.
Click here to read our prediction of Klaytn (KLAY)!
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 emerging merchants accept cryptocurrencies as a form of payment. 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 web3 foundation
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.
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 $0.2. On the contrary, bearish trends could drag the price down to $0.135.
To read our price prediction of Compound (COMP) click here!
A: No, CRO cannot be mined.
A: CRO mainly focuses on providing services to the users of Cronos payment trading and financial services solutions.
A: Yes, CRO processes instant transactions at lower costs.
A: Considering the previous price movements and the upcoming upgrades, the CRO price is expected to reach $0.1917 in 2022.
A: The altcoin is expected to soar to a maximum of $1.195 by the end of 2025.
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