Crypto.com has come under pressure to maintain its positive gains since hitting an all-time price high in 2021. The platform, which also launched separate integrated blockchain Cronos, has been bullish on sports marketing, including a deal announced in March that will see it become the official sponsor of the 2022 FIFA World Cup.
Can Cronos gain a positive price outlook and set on bullish momentum, or could we see lower lows? Look no further if you are looking for a CRO price forecast 2022-2025. We will look at the recent price changes to determine the future outlook.
What is Cronos?
An Ethereum-based blockchain was recently unveiled to operate parallel to the Crypto.org blockchain. The blockchain aims to offer utility to crypto.com users in payments, trading, and financial services solutions.
The Cronos Chain’s mainnet was unveiled towards the end of 2021, built on Cosmos SDK and the proof-of-authority consensus algorithm. The network aims to scale DeFi immensely through interoperability with other chains.
The Crypto.com company launched Cronos to strengthen the mainstream adoption of cryptos. Crypto.com was introduced in 2016 by Monaco Technologies, with Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao as the founding members.
Cronos Chain is Ethereum Virtual Machine compatible, allowing the decentralized applications based on Ethereum to be ported to the network. The network also integrated the Inter Blockchain Communication protocol for bridging with the DApps based on the Cosmos ecosystem. The digital asset security is enhanced through the proof-of-work consensus algorithm currently transitioning to the proof-of-stake consensus.
Cronos: should you invest in CRO today?
According to the daily price outlook, CRO faces a bearish pressure at the support zone of around $0.2. The price is below the 100 MA, and some consolidation will be seen in the short run before any upward momentum. The trend-following indicator MACD shows some form of indecision in the market, with the signal line and MACD line close to the zero line. Although the RSI is at the oversold zone of 22, the price should clear above in the short term to welcome a bullish momentum.
Will CRO reach in 2022?
Our CRO price prediction for 2022-2025 depends on the project’s development, the general uptake of cryptos, and the overall market sentiment. A perfect price prediction is impossible, and the crypto market remains highly volatile.
- According to a comprehensive analysis, it is projected to trade at a maximum price of $0.8 in 2022 and could still surge as high as $1.1. On average, the token could trade at an average price of $0.8.
- In 2023, we project that it will rise to as high as $1.5 and a minimum price gain of $1.2. The token could trade at $1.1 on average.
- In the price prediction of 2024 its maximum price of $2.3 and $2 at a more conservative figure. The average trading price in the period is expected to be around $1.7.
- The price prediction outlook for 2025 puts these tokens at a maximum price gain of $5 and $3 at a minimum. The tokens are forecasted to exchange for an average price of $2 throughout the year.
CRO past price analysis
CoinMarketCap ranks Cronos as the 18th most valuable crypto with a market capitalization of $4,873,661,034.40. There are currently 25.26 billion circulating CRO tokens from a total supply of 30,263,013,692 and an equivalent hard cap.
The tokens were pre-mined at launch, and the total supply was allocated as follows:
- Distribution and launch initiatives 30%
- Capital reserve 20%
- Network long-term initiatives 20%
- Ecosystem grants 20%
- Community advancement 10%
From the latest price data, CRO is exchanging for $0.1937 after a 6.66% decline in the past day and a drop of 23.01% in the past seven days. CRO has recorded a 51.53% drop in the past one month and a further 57.72% plunge in the three-month price outlook.
The past year shows an uptick of 33% since the token traded at $0.15. CRO is trading lower at the year-to-date price since peaking at $0.56, a difference of 64.16%. Generally, CRO reached an all-time high of $0.9005 toward the end of 2021, with the daily trading volumes rising to a high of $2.12 billion.
Staking CRO tokens
CRO holders can stake their tokens on the Crypto.com chain to be selected as network validators and earn part of the transaction fees in the process. The staking options allow users to earn an annual interest rate on their Crypto.com coins by staking them on the Crypto.com exchange application or the exchange’s metal Visa Card.
Want to buy CRO?
CRO tokens are listed on the Coinbase exchange, KuCoin, Kraken, Huobi Global, and Bittrex. The tokens are listed against USD, USDT, and BTC. To buy CRO tokens on Coinbase exchange, follow these steps:
Register a Coinbase account with the app. A valid identity document and a proof of address are needed for the process.
Connect a payment method, including a bank account, debit card, or a wire transfer.
Select the ‘buy option’ and choose a wide range of cryptos. Enter the number of tokens to buy using the number pad.
Complete the purchase by clicking the ‘Preview buy’.