Several innovative projects have emerged over the past few years, but not many are still relevant in the present time. Cronos (CRO) is one such project still making big waves.
Cronos is the native token for the Crypto.com blockchain. First known as Crypto.com Coin, in February 2022, it was rebranded as Cronos, though it still trades under the same CRO abbreviation.
The native blockchain of this platform is Crypto.com Chain, which facilitates the seamless, secure, and cost-effective flow of transactions between users on the network. Crypto.com Chain is one of the products in Crypto.com’s line-up of solutions developed to accelerate the global adoption of cryptocurrencies.
The user adoption surpassed expectations, with more than 350,000 unique wallet addresses performing transactions on Cronos three months after launch. Like ETH to Ethereum, CRO is the native token of the Crypto.com blockchain, and it can be used as an intermediary currency or network fees.
The primary aim of the Crypto.com project is to introduce open-source blockchain solutions into the crypto ecosystem to popularize the acceptability of digital coins as a means of payment – as is the case with fiat currencies.
The price of Cronos is around $0.1153. The token has a market capitalization of $2.9 billion from a circulating supply of 25.26 billion CRO tokens. At the current price, CRO was down over 88% from the all-time high in November 2021.
#1 Wallet Investor Wallet Investor expects Cronos to decline in value, and by the end of 2022, the price will hit a minimum price of $0.02. They say, “Cronos is a bad long-term (1-year) investment.” According to Wallet Investor, the cryptocurrency is not likely to recover and regain its position in the market anytime soon.
#2 Techenewsleader According to TechNewsLeader, CRO prices will likely reverse the current trend and head towards the $0.76 mark by the end of 2022. They say that “Cronos is a good long-term (1-year) investment,” and it has the potential to grow in the future and is undervalued at its current price.
#3 Price Prediction The Price Prediction net is bullish on Cronos, and they predict an average price of $0.77 in 2023. They claim that the prices will reach $1 by the end of 2024 and that a maximum price value of $1.30 is possible in 2024. They also predict the price could hit a high of $19.11 by the end of 2031.
2022 Cronos is likely to reach a minimum price of $0.51, an average price of $0.53, and a maximum price of $0.60 if the market conditions are favorable. 2025 CRO can still manage to attain a price of $1.50 by 2025. The prices might touch a low of $1.60 and an average price of $1.64 by 2025. 2030 Cronos is expected to have a very strong hold in the cryptocurrency market. The maximum price expected is $13.21, an average price of $11.38, and a minimum price of $11.07.
Historical data suggest that CRO will be a profitable investment in 2022, and the trends for the coming years predict that the coin price will be bullish. Based on the price predictions and investor sentiments, CRO could be one of the best coins in years to come. However, crypto traders need to take extra care when trading in cryptocurrencies, as they are incredibly volatile.
Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.