Cronos Price Prediction 2024: CRO Price Analysis
What's next for Cronos?
Key Takeaways
- Cronos, Crypto.com exchange’s native token, has shot up since late October 2023.
- The price movement comes off of a relative period of quiet for Crypto.com.
- Can CRO continue its momentum?
- Some experts believe that CRO could reach $0.20 by the end of 2024.
The cryptocurrency Cronos (CRO) has seen significant gains over the whole of 2023. This substantial uptick comes despite relatively little news or developments related to Crypto.com, the payment and trading platform behind the Cronos blockchain and CRO token. Crypto.com has kept a low profile since announcing a partnership with PayPal and Paxos on September 28 to support PayPal’s stablecoin PYUSD.
The lack of major announcements from Crypto.com makes CRO’s spontaneous price surge even more puzzling.
Recently, it came under the media spotlight as collapsed exchange FTX and Alameda have jointly moved a variety of tokens into Coinbase, totaling a value of $13.99 million. This assortment of tokens includes Ethereum (ETH), Crypto.com Coin (CRO), Math (MATH), Maple (MPL), and Bluzelle (BLZ).
Despite these significant transfers, wallet addresses belonging to FTX and Alameda continue to hold cryptocurrency assets valued at more than $278 million. Among these, the most substantial holding is 25 million Worldcoin (WLD) tokens, worth around $77.7 million.
Cronos did not respond to a request for comment.
Let’s take a look at our Cronos price predictions, made on July 29, 2024. We will also examine the Cronos price history and talk a little about what Cronos is and what it does.
Cronos Price Prediction
Let’s examine some of Crono’s price predictions CCN made on July 29, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum CRO Price Prediction | Average CRO Price Prediction | Maximum CRO Price Prediction | |
|---|---|---|---|
| 2024 | $0.0808 | $0.19 | $0.20 |
| 2025 | $0.20 | $0.23 | $0.24 |
| 2030 | $0.62 | $0.67 | $0.68 |
Cronos Price Prediction for 2024
If the positive momentum continues and CRO breaks above its moving averages, it could reach targets between $0.0808 and $0.20 by the end of 2024, with the average price set at $0.19.
Cronos Price Prediction for 2025
Technical analysis suggests a potential increase for Cronos in 2025. The minimum CRO price expected for 2025 is $0.20, while the maximum one is $0.24. On the other hand, the average forecast suggests it may reach $0.23.
Cronos Price Prediction for 2030
Based on technical analysis, the CRO token may reach a maximum level of $0.68 at the beginning of the next decade, while, in the worst scenario, it may go to $0.62. Meanwhile, the average expected price is $0.67.
Cronos Price Analysis
Cronos is showing a mix of technical signals. The RSI(14) is at 64.234, indicating a buy signal. The STOCH(9,6) is at 81.066, and the STOCHRSI(14) is at 99.851, both suggesting the stock is overbought.
The MACD(12,26) is at 0, which also signals a buy, while the ADX(14) at 32.178 supports the buying sentiment.
Despite the buy signals from RSI, MACD, and ADX, the overbought conditions indicated by the STOCH and STOCHRSI suggest a potential for a pullback or correction in the short term.
Short-Term Cronos Price Prediction
Cronos price prediction expects the price of CRO to rise by 6% in the next 24 hours and the to increase by 1.8% in the next month, reaching $0.091754 by August 27, 2024.
Despite this predicted increase, our technical indicators currently show a bearish sentiment. The Fear & Greed Index is at 71, indicating greed.
Over the past 30 days, Cronos has had 15 out of 30 green days (50%) with a price volatility of 4.01%. Based on this forecast, it appears to be a bad time to buy Cronos.
Cronos Relative Strength Index (RSI): Is CRO Oversold or Undersold?
Cronos Price Performance Comparisons
How Do We Make a Cronos Price Prediction?
Our price prediction for Cronos combines technical analysis tools and recognizes the logic in price cycles. We usually use the Relative Strength Index, Fibonacci, and other main technical analysis tools. Applied to the Cronos-specific time-frames and its price history, we can come up with the targets, but the further we project, the less accurate they are. This is because they depend on what happens in between.
Best Days and Months to Buy Flow
We took a look at the Flow price history and found the times when the price was at its lowest across certain days, months, quarters and even weeks in the year, suggesting the best times to buy FLOW.
| Day of the Week | Friday |
| Week | 11 |
| Month | March |
| Quarter | First |
Cronos Price History
Following that, let’s now take a look at some of the key dates in the Cronos price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Cronos price prediction.
| Time period | Cronos price |
|---|---|
| Last week (July 22, 2024) | $0.09396 |
| Last month (June 29, 2024) | $0.09068 |
| Three months ago (April 29, 2024) | $0.1315 |
| Last year (July 29, 2024) | $0.05937 |
| Launch price (December 15, 2018) | $0.01954 |
| All-time high (November 26, 2021) | $0.8128 |
| All-time low (December 15, 2018) | $0.01954 |
Cronos Market Cap
The market capitalization, or market cap, is the sum of the total number of CROs in circulation multiplied by their price. On July 29, 2024, Cronos’ market cap was $2.43 billion, therefore making it the 42nd largest crypto by that metric.
Who Owns the Most Cronos (CRO)?
On July 29, 2024, a Cronos wallet held 2.83% of the CRO supply.
Richest CRO Wallet Addresses
As of July 29, 2024, the five richest CRO wallets were:
- 0x5c7f8a570d578ed84e63fdfa7b1ee72deae1ae23. This wallet held 752,231,826 CRO or 2.83% of the supply.
- 0xeadf7c01da7e93fdb5f16b0aa9ee85f978e89e95. This wallet held 123,760,526 CRO or 0.47% of the supply.
- 0x8995909dc0960fc9c75b6031d683124a4016825b. This wallet held 65,427,259 CRO or 0.25% of the supply.
- 0xc9219731adfa70645be14cd5d30507266f2092c5. This wallet held 32,741,317 CRO or 0.12% of the supply.
- 0xc882b111a75c0c657fc507c04fbfcd2cc984f071. This wallet held 23,205,860 CRO, or 0.09% of the supply.
Fact Box
| Supply and distribution | Figures |
|---|---|
| Total supply | 30,000,000,000 |
| Circulating supply (as of July 29, 2024) | 26,571,560,696 (70% of total supply) |
| Holder distribution | The top 10 holders owned 4.5% of the maximum supply as of July 29, 2024 |
From the Whitepaper
In its technical documentation or whitepaper , Cronos says it aims to be both quick and inexpensive.
It says: “Cronos is a decentralized, open-source, energy-efficient public blockchain with high speed and low transaction fees.”
The documentation says the system is “designed to support the creator economy with Web3 applications such as DeFi and GameFi, ultimately serving as the foundational infrastructure for an open metaverse”. The whitepaper also says it will “serve the next billion Web3 users and help them experience the full promise of self-custody of their digital assets”.
Cronos (CRO) Explained
Cronos is the native cryptocurrency of the Crypto.com exchange. Originally named after the Singapore-based business, it changed its name in 2022 in an attempt to represent “the next major phase in the adoption and utilization of Web 3.0 by hundreds of millions of users”. Cronos pays for transaction fees on Crypto.com’s own blockchain, and CRO can be staked or set aside.
This allows people to earn free subscriptions to the likes of Spotify and Netflix, as well as securing better interest rates for their holdings on the platform.
Crypto.com itself features a token-swap facility, a wallet, and a Visa card. Crypto entrepreneurs Kris Marszalek, Bobby Bao, Gary Or, and Rafael Melo founded it in 2016. Its coin was properly launched in late 2018, while the Cronos blockchain was fully released in November 2021.
How Cronos Works
The CRO coin is the native crypto for two platforms. As well as the Crypto.com blockchain itself, which operates on a Proof-of-Stake (PoS) consensus mechanism, where people are chosen to add blocks to the blockchain-based on how much CRO they hold, it also operates on the Cronos EVM chain.
This platform, which is linked to Ethereum (ETH ), is designed so anyone can use it and people can carry out transactions without getting the permission of a central authority. It was created with the Cosmos software development kit.
People can also buy, sell, and trade CRO on exchanges.
Is Cronos a Good Investment?
It is hard to say. CRO has been on an upturn in recent days, although the reasons for that are still something of a mystery. We don’t know whether or not it can continue its resurgence. A lot will depend on whether or not the market can hold up.
As ever with crypto, you will need to make sure that you do your own research.
Will Cronos go up or down?
No one can really say with any certainty right now. While a lot of the Cronos price forecasts are optimistic, price predictions have a habit of being wrong more often than not. Remember, too, that prices can, and do, go down as well as up.
Should I invest in Cronos?
Before you decide whether or not to invest in Cronos, you should do your own research, not only on CRO but on other, similar, coins and tokens, such as Binance (BNB). More importantly, you must make sure that you never invest more money than you can afford to lose.
FAQs
It could do but, if it does, that may not happen for some time. Price predictions based on technical analysis expect CRO to reach that level in the next decade. Keep in mind that Cronos has never traded above that threshold. Crypto.com is a cryptocurrency exchange, while Cronos is the name of both the EVM-compatible blockchain and the crypto that serves as a native currency to both the Cronos chain and Crypto.com’s blockchain.Will Cronos reach $1?
What is the difference between Cronos and Crypto.com?
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
