CRO Price Prediction: Is Cronos Coin a Good Investment?

March 4, 2024

Price Prediction

Sean Korbett

Cronos (CRO) is the native token of the blockchain designed by CRO Protocol Labs, also known as Crypto.com. It is a company that provides an all-in-one decentralized finance application and exchange. Previously, CRO was known as Crypto.com token before the company changed the token’s name to Cronos. Crypto.com is a Singapore-based cryptocurrency exchange that offers a mobile trading application, payment and lending service, and a crypto credit card. Discover CRO price prediction in StealthEX’s latest article.

Cronos (CRO) Overview

The Cronos chain includes support for the Inter Blockchain Communication protocol (IBC), which allows it to connect and interact with the Crypto.org blockchain. It can also communicate in a decentralized manner with other IBC-enabled chains such as Terra and Cosmos Hub. Aside from the fact that all Cronos coins have been produced, rendering it an unmineable cryptocurrency, CRO employs a delegated Proof-of-Stake consensus mechanism. This implies you only need to hold and stake CRO tokens to receive mining rewards. Investors are rewarded for delegating their CRO assets to validators, who run nodes to validate transactions on the native Crypto.org blockchain.

Cronos (CRO) was launched by Crypto.org, which was co-founded by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo. Bobby Bao is the lead at Crypto.com Capital and has experience in corporate development, investor relationship, and investment banking. He was previously the head of Corporate Development at Ensogo. Gary Or is a co-founder of Monaco, the brand that later became Crypto.com. Kris Marszalek is the CEO of Crypto.com and Rafael Melo is the CFO of Crypto.com.

Cronos Crypto Features

Cronos offers a number of features within the crypto space. These are:

• Cronos Bridge. Cronos Bridge supports the transfer of data from Cronos to Akash, Crypto.org, Terra, and Cosmos. The bridge supports CRO, ATOM, AKT, and LUNA tokens. There are plans to add new tokens like ETH, USDC, DAI, WBTC, and WETH to the bridge.
• Staking. CRO holders can stake their tokens to earn a return on their investment and to participate in network validation. This means that they can earn a percentage of the total transaction fees generated by the network, depending on the amount of CRO they hold and stake.
• Cashback. CRO holders can also receive cashback on their purchases made with the Crypto.com debit card, with the percentage of cashback varying depending on the amount of CRO they hold.
• Trading discounts. Users holding CROs can also receive discounts on trading fees; the more CRO they hold, the more discounts they receive.
• Token sales. CRO holders can also participate in token sales, which are exclusive to the Crypto.com platform.
• Multi-currency wallet. CRO holders can hold and manage multiple cryptocurrencies in their Crypto.com wallet.

Cronos (CRO) Price Chart    

CRO price chart, CoinMarketCap, 4 March 2024

Cronos (CRO) Price History Highlights 

• 2021: Crypto.com launched its own Cronos blockchain in November 2021 on Cosmos. In November 2021, CRO hit its all-time high of nearly $0.97 but dropped over the subsequent months.  
• 2022: In late January 2022, CRO had fallen to $0.34 but quickly rebounded up to $0.51 before trading between $0.35 and $0.50.
• 2023: 2023 has not been a great year for CRO either. Cronos initially rallied, reaching a high of $0.09287 on 21 February, but then the US institutional announcement saw it drop to a low of $0.05072 on June 10.
• 2024: The recent crypto market spike has seen CRO grow at the start of 2024, reaching $0.08335 on January 18. At the moment, CRO coin costs $0.143.

Last month CRO price chart, CoinMarketCap, 4 March 2024

CRO Price Prediction

Cronos (CRO) Price Prediction 2024

DigitalCoinPrice experts expect the price of CRO to go up in 2024. According to their estimations, CRO coin’s price might go as low as $0.1 (-14%), while its maximum price can reach $0.31 (+122%).

PricePrediction crypto analysts believe that CRO coin is going to make more significant progress in terms of price: in 2024, it’s expected to cost $0.1302 (+11%) at its lowest point, while at its maximum CRO crypto will rise to $0.1523 (+30%).

Telegaon analysts believe that in 2024 CRO will most likely go beyond its current price levels: while its minimum price can drop to $0.096 (-18%), at its peak it can go as high as $0.23 (+96%).

CRO Price Prediction 2025

According to DigitalCoinPrice, the price of CRO will continue to rise. Based on the experts’ predictions, in 2025, CRO might reach $0.3 (+156%) per coin at its highest point. Its lowest price might drop to $0.25 (+113%).

The experts’ forecasts at PricePrediction estimate that in 2025, CRO crypto can go as high as $0.2273 (+94%) as its lowest price might drop to $0.1937 (+65%).

Telegaon analysts think that CRO coin is either going to drop to its lowest point of $0.24 (+104%), while at its highest point it can rise to $0.44 (+275%).

CRO Coin Price Prediction 2030

DigitalCoinPrice analysts think that by 2030, CRO coin will rise even higher: its maximum price level is set at $0.88 (+651%), while at its low it can drop to $0.79 (+574%).

According to PricePrediction, by 2030 CRO coin will get beyond the $1 mark. They believe that CRO might see a lowest price of $1.20 (+924%), while at its peak it might reach $1.48 (+1,163%).

Telegaon experts are rather optimistic about the future of Cronos coin: according to them, in 2030 CRO has the potential to reach a maximum price of $2.53 (+2,060%) per coin, while at its bottom it can hit $1.92 (+1,539%).

CRO Price Prediction 2040

PricePrediction believes that by 2040, CRO crypto is going to reach staggering price levels: $62.95 (+53,657%) at its low and a whopping $77.96 (+66,475%) per coin at its peak.

Telegaon believes that by 2040 CRO crypto will cost $12.15 (+10,275%) per coin at its peak. It can also drop in price to a minimum of $9.12 (+7,688%).

CRO Price Prediction: Experts’ Opinions

The price prediction for Cronos fascinates many crypto experts. In summary, with the current volatility in the crypto market, it is challenging to predict the price of Cronos tokens even 3-5 years from now. 

However, a lot of market experts see Cronos as a solid project with a potential use case that is unique and operable. Despite market conditions, crypto analysts believe that it could be a strong performer in the coming years and surpass its previous all-time high. In relation to that, many experts, such as CryptoNewsz, believe that by 2030 CRO coin is definitely going to surpass the $1 mark: according to them, it will cost at least $1.05 or might even go as high as $1.27.

CRO USDT Price Technical Analysis       

Tradingview, 4 March 2024

Now that we’ve seen possible price predictions for CRO, let’s find out a bit more about the factors that can influence its price and position on the market.

Factors Affecting CRO Coin Price

Although it’s challenging to forecast the future price levels for Cronos, analysts think that a number of factors could affect the cost of CRO coin.

For instance, if the demand for CRO exceeds the supply now or in the future, the price will increase. The token enables transactions on Crypto.com, a global cryptocurrency exchange with more than 80 million users. As more users join the exchange, demand increases, so does trading volume and Cronos coin price. However, if demand declines and supply saturates the market, the situation will reverse. Moreover, Cronos can face competition from other crypto exchanges. Consider the competitive landscape and whether Cronos has a unique value proposition. One popular indicator of how a crypto project might react is market sentiment. At the moment, the market seems to be bullish, however, things can quickly change, especially in the rapidly growing field such as cryptocurrencies.

When assessing CRO coin as an investment, keep the following considerations in mind:

• Competition.
• Demand and supply.
• Market sentiment.
• Regulatory changes.
• Inflation.
• Economic indicators.
• Market dynamics.
• Partnerships.

Risks and Opportunities

The value of CRO, like other cryptocurrencies, can be highly volatile and subject to significant fluctuations. This means that the value of your investment can go up or down rapidly and unpredictably. Moreover, the regulatory environment for cryptocurrencies is still evolving, and there is a risk that governments may take actions that could negatively impact the value of CRO.

However, the utility token used by Crypto.com provides a solid foundation for one of the widely used crypto platforms, and this means that CRO coin offers a number of use cases. Nonetheless, the Crypto.com platform is centralized, which means that the platform can have issues such as downtime, bugs, and other technical problems that could impact the value of CRO and the ability to buy, sell or trade the token.

Is CRO Coin a Good Investment?

It is unclear if Cronos is going to be a solid investment in the long run. However, since scarcity typically causes price increases, the value of Cronos is predicted to continue rising. Historical data also suggests that Cronos can do well in the future. Nonetheless, CRO is very speculative, while providing access to a rapidly developing global technology and environment, and your investment strategies will entirely depend on how conservative or risk-taking you are.

Will Cronos Coin Reach $1?

According to various sources, it will reach $1 closer to 2030.

Will CRO Hit $10?

It’s not unrealistic. However, the lack of competitive advantage, absence of speculative cash, and regulatory factors may be a huge barrier to CRO’s ability to reach $10. Compared to $1, the chances of CRO reaching $10 are relatively lower.

What Will CRO Coin Be Worth in 2025?

According to PricePrediction, in 2025 Cronos coin can rise to $0.2273.

What Will CRO Be Worth in 2030?

According to PricePrediction, in 2030 CRO might go as high as $1.48.

What Will CRO Be Worth in 2040?

According to PricePrediction, by 2040 Cronos will skyrocket to $77.96 at its peak.

Will CRO Coin Reach $100?

This seems to be impossible, even if a large number of tokens are destroyed.

Conclusion

Cronos cryptocurrency has established itself in the top 50 globally in terms of market capitalization. It is widely used by Crypto.com users and can be bought via third parties. However, the future of Cronos coin is greatly contingent on how the cryptocurrency market does as a whole. As with most altcoins, the price of CRO will largely depend on the overall health of the crypto market. It’s important to take the appropriate approach while allocating resources towards CRO.

Where to Buy Cronos (CRO) Crypto?

StealthEX is here to help you buy CRO crypto if you’re looking for a way to invest in this cryptocurrency. You can buy CRO privately and without the need to sign up for the service. StealthEX crypto collection has more than 1400 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy CRO Coin: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to CRO. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.