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What Is the Cronos (CRO) price prediction today
AT A GLANCE
- In 2024, Cronos (CRO) price is expected to reach $0.0001824498275374942, according to some experts
- 2025 promises to be turbulent, with prices ranging from $0.000014380777366879805 to $0.00009028211804976458, with PricePrediction.net predicting Cronos (CRO) hitting a low at $0.000014380777366879805
- By 2030, CRO price can hit $0.0001824498275374942
Cronos (CRO) fundamental analysis
Cronos, a blockchain network by Crypto.com, connects Crypto.com Chain and Ethereum to support DeFi and dApps expansion. Leveraging EVM, developers can easily port their Ethereum dApps with minimal changes, broadening application possibilities.
Launching as part of Crypto.com's goal to make cryptocurrency widely accessible, the company was founded in 2016 as Monaco Technologies GmbH by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao, each bringing a unique business background to the venture.
Key Features of Cronos
Cronos excels at connecting with various blockchain networks using the IBC protocol, promoting flexible asset transfers among chains such as Crypto.com Chain and Ethereum for streamlined DeFi solutions.
Launched alongside Crypto.org, Cronos Chain, an Ethereum-compatible blockchain, utilizes Proof of Authority (PoA) consensus, which enhances transaction speed and reduces latency compared to traditional Proof of Work (PoW) or Proof of Stake (PoS) systems. This makes Cronos an ideal platform for high-frequency trading and other applications requiring fast and reliable transaction processing.
Cronos Chain has seen explosive growth in total value locked (TVL), reaching over $2 billion in less than three months after launch. This rapid growth can be partly attributed to the Particle B $100 million CRO EVM fund, which incentivizes developers to build on Cronos. Since the launch, the $CRO token price has rallied by over 350%, reaching a high of $0.96.
User-centric, Cronos offers an intuitive interface compatible with Ethereum tools and Crypto.com's ecosystem, enhancing accessibility for developers and users alike.
Cronos zkEVM
Cronos zkEVM Testnet is an innovative blockchain network developed by Cronos that integrates zero-knowledge proofs (ZKPs) with the Ethereum Virtual Machine (EVM). This testnet aims to enhance privacy, scalability, and compatibility within the Ethereum ecosystem, offering a robust environment for developers to test and deploy decentralized applications (dApps) with advanced cryptographic features.
The use of zero-knowledge proofs in the Cronos zkEVM Testnet allows transactions and smart contract executions to be verified without revealing sensitive information. This ensures high levels of privacy and security.
Cronos zkEVM is fully compatible with the EVM, enabling developers to use existing Ethereum tools and frameworks. This compatibility simplifies the transition for developers looking to leverage zkEVM's benefits without needing to overhaul their current codebase.
By utilizing zk-rollups, the Cronos zkEVM Testnet can process multiple transactions off-chain and then verify them on-chain in a single proof. This approach significantly enhances the scalability of the network, allowing for higher transaction throughput and reduced latency.
Tokenomics of Cronos
The native token of the Cronos network is CRO, which plays a vital role in the ecosystem. CRO tokens are used for transaction fees, staking, and governance within the network. The tokenomics of CRO are designed to incentivize participation and ensure the security and stability of the Cronos blockchain. Holders of CRO tokens can participate in network governance, influencing key decisions and the future direction of the project.
The CRO token has a total supply of 30,000,000,000 CRO, and as of the time of writing on May 28, the circulating supply of CRO is 26,571,560,696 tokens.
CRO owners can stake their coins on the Crypto.com Chain to act as validators, earning fees for processing network transactions. Additionally, CRO can be used to settle transaction fees on the Cronos Chain.
Through the Crypto.com Pay app, users can receive up to 20% cashback by paying merchants in CRO, and up to 10% by purchasing gift cards or making peer-to-peer transfers. For trading, the Crypto.com App allows users to earn token rewards for select listings by staking CRO. Moreover, users can earn annual interest of 10-12% by staking CRO on the Crypto.com Exchange app or using Crypto.com’s metal Visa Card.
Overall, CRO is essential in Crypto.com’s mission to boost cryptocurrency adoption globally. The company is continuously developing new use cases to help users enhance control over their money, data, and identities.
Cronos (CRO) live price chart
From January 1, 2024, the CRO token price went up, fluctuating a little bit yet reaching $0.103 by January 3.
From this point, the Cronos Price Chart went down and in 4 days the value of the CRO token was already at $0.086. It then recovered to $0.092 and returned to the downtrend. This time it lasted for almost 3 weeks and by January 24 to buy the CRO token traders paid only $0.076. The next day the price chart started growing again, and by the last day of January, the value of CRO reached $0.083.
After a short correction to $0.080 the Cronos native token price chart started growing again, reaching $0.092 by the middle of February. In the next 10 days, the value went even higher, reaching $0.094, and from February 25 the price of CRO skyrocketed, getting as high as $0.146 by March 3. It was not the end of the bullish trend and after a one-day correction to $0.142 the value of the Cronos native coin continued growing. The price of CRO reached its maximum level in the described period on March 12 when to swap the tokens traders paid $0.169.
This achievement was followed by the market correction that made the price drop to $0.132 by March 17. The next day the token tried to recover, going up to $0.142 and then dipping to $0.12 on March 20. After this point, the CRO price chart again went up and reached $0.158 by March 29. From the very next day the price chart went down, dropping to $0.14 by April 4, staying around this level for 2 days, and then going up to $0.15 by April 9.
The Cronos price chart maintained this level till April 12 and then it experienced a significant price drop with the value of the CRO token falling to $0.1331 by April 14 and then sinking even lower to $0.12 5 days later.
From April 20 the CRO price recovered a little bit, reaching back to $0.13 and staying around this level till May 6. At that time the value of CRO declined and sustained at a new level of $0.12 until May 20. Then the price chart made an attempt to go higher, but could only climb to $0.1284 on May 21, and then it went down more. At the time of writing on May 28 to buy CRO tokens, traders paid $0.119.
According to the current price chart indicators, the value of CRO will continue going down in the coming days, however, there is also a possibility for the price chart to recover in the near future.
The continued growth of DeFi and the increasing adoption of blockchain technology are positive indicators for Cronos. Analysts suggest that if Cronos continues to expand its ecosystem and maintain its technological edge, the CRO token could see significant appreciation in value in the coming months.
Cronos (CRO) technical analysis
Despite the fact that 100% accurate technical analysis for Cronos cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated CRO buy-and-sell rating for a selected timeframe. The summary for CRO/USDT is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
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Cronos (CRO) price prediction
Cronos (CRO) price predictions summary
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Author
Summary
The continued growth of DeFi and the increasing adoption of blockchain technology are positive indicators for Cronos. Analysts suggest that if Cronos continues to expand its ecosystem and maintain its technological edge, the CRO token could see significant appreciation in value in the coming months.
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