CRO Price Prediction: Is Cronos Coin a Good Investment?

June 6, 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 and offers a mobile trading application, payment and lending service, along with a crypto credit card. With such serious backing, Cronos is destined to become more widely used, isn’t it? Let’s try and find out. Discover the long-term CRO price prediction in StealthEX’s latest article.

Cronos (CRO) Overview

The Cronos chain is an EVM-compatible blockchain powered by Ethermint. As the Cronos chain supports the IBC protocol, users can conveniently import cryptocurrencies from the Ethereum, Cosmos, and other chain families into Cronos. One perk of this interconnectedness is that users can take advantage of the interoperability and leverage the rich application ecosystem of Ethereum and Solidity. Given Cronos’ plug-and-play nature, developers can port over apps and smart contracts from Ethereum and EVM-compatible chains with ease.

In order to disclose the value of Cronos, we also need to talk a bit about the platform where it’s being widely used and accepted, Crypto.com. Upon the founding of Crypto.com Chain, the company required a native currency for its internal financial services, business, and payment options for all of its users. As a result, it introduced Crypto.com Coin, which is entirely intended for internal use and serves as the internal commission payment system for its alternative Pay platform.

In addition to acting as a means of exchange on the Crypto.com platform, the Cronos Token (CRO) gives users the opportunity to be compensated for processing transactions through the internal blockchain and get commissions. Moreover, Cronos (CRO) enables peer-to-peer transfers to other users and allows cash back on purchases made with gift cards.

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.

CRO Coin Features

Cronos offers a number of features within the crypto space and on its Crypto.com platform:

1. 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.
2. 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.
3. 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.
4. Trading discounts. Users holding CROs can also receive discounts on trading fees; the more CRO they hold, the more discounts they receive.
5. Token sales. CRO holders can also participate in token sales, which are exclusive to the Crypto.com platform.
6. Multi-currency wallet. CRO holders can hold and manage multiple cryptocurrencies in their Crypto.com wallet.

Cronos (CRO) Price Chart    

CRO price chart, CoinMarketCap, 6 June 2024

CRO Coin Price History Highlights 

• 2021: In November 2021, Crypto.com launched its own Cronos blockchain on Cosmos. CRO reached an all-time high of about $0.97 in November 2021, but it declined in the months that followed.
• 2022: CRO dropped to $0.34 at the end of January 2022, but it soon rose to $0.51 before fluctuating between $0.35 and $0.50.
• 2023: 2023 was a difficult year for Cronos. After a brief upswing that saw it peak at $0.09287 on February 21st, Cronos fell to a low of $0.05072 on June 10th due to the US institutional statement.
• 2024: The recent crypto market spike has seen CRO grow at the start of 2024, reaching $0.08335 on January 18. In March, during the bullish market, CRO coin peaked at $0.1694. At the moment, CRO coin fluctuates between $0.11 and $0.12.

Last year CRO price chart, CoinMarketCap, 6 June 2024

Cronos CRO Price Prediction

CRO Price Prediction 2024

DigitalCoinPrice experts expect that in 2024 CRO coin’s price might go as high as $0.26 (+121%), while at its lowest point it can drop to $0.1 (-14%).

PricePrediction analysts think that in 2024, Cronos coin is going to drop to $0.1473 (+25%) at its low, while at its maximum CRO will rise to $0.1684 (+43%).

Telegaon crypto experts anticipate that the minimum lowest price CRO can hit in 2024 is $0.36 (+206%) vs its maximum price of $0.63 (+435%).

CRO Coin 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 (+155%) per coin at its highest point. Its lowest price might drop to $0.25 (+112%).

According to PricePrediction, in 2025 CRO crypto will fluctuate within a tight price range, just like in 2024: it can hit $0.2252 (+91%) as its lowest price might drop to $0.2547 (+116%).

Telegaon analysts have also updated their price predictions for Cronos, just like PricePrediction. They think that the CRO coin is either going to drop to its lowest point of $0.64 (+444%), while at its highest point it can rise to $0.94 (+699%).

CRO Price Prediction 2030

DigitalCoinPrice analysts think that by 2030, CRO coin will rise even higher: its maximum price level is set at $0.88 (+648%), while at its low it can drop to $0.79 (+571%).

According to PricePrediction, by 2030 CRO coin will get beyond the $1 mark. They believe that CRO might see a lowest price of $1.53 (+1,201%), while at its peak it might reach $1.78 (+1,413%).

Telegaon experts are even more bullish on Cronos: according to them, in 2030 CRO has the potential to reach a maximum price of $8.53 (+7,153%) per coin, while at its bottom it can hit $6.92 (+5,784%).

Cronos CRO Price Prediction 2040

PricePrediction believes that by 2040, CRO crypto is going to reach staggering price levels: $84.92 (+72,110%) at its low and a whopping $103.34 (+87,774%) per coin at its peak.

Telegaon crypto analysts have come up with a less bullish prediction, however, they also raised expectations of Cronos for 2040: according to them, by 2040 CRO crypto will cost $46.15 (+39,143%) per coin at its peak. It can also drop in price to a minimum of $39.12 (+33,165%).

CRO Price Prediction: Experts’ Opinions

Leading experts in the crypto industry believe that Cronos has enormous growth potential in the future. They expect that within the next four to six years, the Cronos coin’s value can rise dramatically with more investment and usage. Despite this, there are still a lot of variables that could affect its price in the years to come. We should anticipate seeing ever more precise price forecasts for the price of Cronos in the future as the market develops and grows.

Although Cronos may not ultimately overtake the market, it has positioned itself as a strong competitor in the field. CoinMarketCap, along with many other experts, thinks that by 2030, Croons coin could rise to an average price of $6.25, with the potential to reach $7.5.

CRO USDT Price Technical Analysis     

Tradingview, June 6, 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.

Factors Affecting Cronos (CRO) Coin Price

The popularity of Cronos depends on several factors. The more people use the Crypto.com platform and its CRO token, the higher its demand and price, which means that the future of the token is closely connected to the future of the exchange. On Crypto.com, a global cryptocurrency exchange with over 80 million members, this token facilitates transactions. Demand rises with more users joining the exchange, which also boosts trading volume and the price of Cronos coin.

In addition, the price of CRO will rise if supply cannot keep up with demand, either today or in the future. On the other hand, things will turn around if supply saturates the market and demand falls. Other crypto exchanges can pose a threat to Cronos. It’s worth contemplating the market for competitors and if Cronos and Crypto.com offer a special value proposition. 

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

• Competition;
• Supply and demand;
• Market sentiment;
• Regulatory changes;
• Inflation;
• Economic indicators;
• Market dynamics;
• Partnerships.

Risks and Opportunities

Like in case with all other cryptocurrencies, the value of CRO is prone to fluctuations and extreme volatility. This implies that the value of your investment may fluctuate quickly and without warning. Furthermore, the legislative landscape surrounding cryptocurrencies is still developing, and there’s a chance that governments will take steps that depress CRO’s value.

This being said, the Crypto.com utility token serves as a strong base for one of the most popular cryptocurrency platforms, therefore there are several applications for the CRO coin. However, because Crypto.com is a centralized platform, it can have issues such as downtime, hacks, bugs, and other technical problems that could affect the token’s value as well as the ability to buy, sell, or trade it. Not to mention the fact that the business can go down, and Cronos can depreciate.

Is CRO a Good Investment?

It could potentially be. Based on features like trading, payments, and financial services, Cronos could become a formidable rival to other coins. The altcoin might intensify in its goal to accelerate the acceptance of cryptocurrencies throughout the world.

Does CRO Coin Have a Future?

Most crypto analysts are bullish on CRO. However, research shows that Cronos coin estimates are a little inconsistent. Its price movements can be both positive and negative. Indeed, a number of variables, including announcements, new technology developments for the Crypto.com projects, the overall crypto environment, the stance of the law, and so forth, will affect the potential growth in the future.

Is CRO Coin on the Way to $1?

It may very well be if the market turns heavily bullish and if the crypto space continues to flourish.

Will CRO Reach $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.

Will CRO Hit $20?

It’s possible. PricePrediction experts believe that this might happen closer to 2040.

Will CRO Coin Reach $100?

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

Will Cronos Go Up in 2024?

It can. Telegaon expects it to hit $0.63 at its peak in 2024.

How Much Will Cronos Be Worth in 2025?

It depends on market forces. Bullish predictions put the CRO price around $0.3-$0.6.

How High Can CRO Go 2030?

PricePrediction believes that the highest price CRO will hit in 2030 is $1.78, while Telegaon experts think that it can rise to $8.53.

What Is the Price Prediction for CRO in 2035?

According to Telegaon, in 2035 Cronos can hit $20.24 at its peak.

What Will CRO Be Worth in 2040?

Telegaon experts are of the opinion that in 2040, Cronos (CRO) will cost $46.15 at its highest point.

Conclusion

If Cronos proves to be a wise investment down the road is yet to be determined. Nonetheless, the value of Cronos is expected to keep increasing because scarcity usually results in price hikes. Crypto.com also keeps developing and adding new features to its platform. Moreover, historical data points to Cronos’s potential for success. CRO coin gives its users access to a quickly evolving global technology and environment, and while it is still quite speculative, its value could eventually rise as the crypto space expands.

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 1500 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.