Users leveraging the services of the popular crypto exchange, Crypto.com, will be familiar with the Cronos ecosytem. Focused on DApp adoption, DeFi supremacy, and other relevant utilities, Crypto.com’s Cronos blockchain is loaded with tons of technical tools. In this detailed Cronos price prediction, we delve deeper into the financial aspect of Cronos and the expected future performance of its native CRO coin.
Is CRO a good investment in this bullish crypto market? Is it a reliable long-term pick should you have your eyes set as far as 2035? Let’s take a look.
Methodology
Buying Cronos (CRO) on centralized exchanges can be difficult. Some exchanges lack the desired liquidity whereas some have indictment concerns pegging them back. As such, BeInCrypto extensively tested the best platforms/exchanges to help traders and investors safely and securely purchase CRO. From security standards to the availability of demo accounts to all the relevant CRO-specific pairs, each exchange list here has been tested for over six months across multiple parameters.
Here are the findings, along with the required validations.
Coinbase
- Zero regulatory concerns
- Robust security measures
- Highest CRO-specific trading volume
- High liquidity, allowing faster order executions
OKX
- Gives access to a demo account
- Supports direct crypto purchases
- Allows easy swaps with 400+ cryptocurrencies
- Gives exposure to both Spot and Futures markets for CRO
Gate.io
- Access to customizable trading bots
- Allows CRO-swaps with 200+ crypto assets
- High liquidity
- Top-of-the-line security standards
In addition to the traits mentioned, BeInCrypto experts also tested the user experience, fee structure, withdrawal fees, and other elements before zeroing in on the mentioned platforms. Follow this link to delve deeper into BeInCrypto’s verification methodology.
Where to buy Cronos (CRO)
Before we dive into the fundamental and technical analysis behind this Cronos price prediction, we’ve zeroed in on the three best crypto exchanges that are compatible with CRO. These platforms come with dedicated wallets, intuitive trading-specific features, high CRO-specific liquidity, and other features, making them suitable for traders and investors planning to buy Cronos.
Coinbase
• Comprises almost 11% of global CRO trading volume
• High liquidity
• Available in 100+ countries
• Multiple high liquid CRO trading pairs
• Exposure to spot and Perp markets
• Offers a demo account to test out trading strategies
Gate.io
• Allows quick crypto-crypto swaps
• Globally accessible
• Makes almost 2% of global CRO trading volume
CRO price forecast: The role of fundamentals
Before we move deeper into the price projections associated with any crypto, it is important to learn about the fundamentals. For Cronos, many elements are working in favor of this chain. For starters, it has a readymade base of users — those already onboarded to the popular crypto platform, Crypto.com.
Plus, as a layer-1 blockchain, Cronos relies on scalability and interoperability, all thanks to its EVM compatibility. Therefore, if needed, decentralized apps (DApps) corresponding to the Cronos ecosystem can interact with the Ethereum ecosystem. The same holds true for Ethereum-backed smart contracts and DApps, which can work within the Cronos ecosystem, making the latter a fundamentally rich project.
Other fundamental elements in play:
Security isn’t a major concern courtesy of the proof-of-authority (PoA) Cronos network consensus, which only lets trusted validators in. However, there is a hybrid angle to it as well.
Did you know? Cronos also employs the popular proof-of-stake (PoS) network consensus, leveraging the unique capabilities of the Tendermint core engine. This hybrid approach makes the Cronos chain more scalable, environmentally friendly, and efficient.
Other technical elements associated with the Cronos blockchain
Cronos can also facilitate cross-chain transactions via cross-chain bridges, allowing users to make better use of the underlying blockchain technology.
Keen to learn about all the other fundamental aspects of the Cronos blockchain? Check out our comprehensive Cronos explainer.
Growing social popularity:
Besides the impressive Cronos roadmap, it is the Cronos tokenomics model and the associated market cap that also deserve attention. With a total and fixed supply cap of 30 billion, the scarcity component can also play a part in the price-related narrative of the Cronos blockchain.
And if all that wasn’t heartening for Cronos investors, here is a quick analytical snapshot that puts the Cronos coin holder percentage at over 83%. Even though whale wallets control most of the supply, these key players aren’t planning to offload CRO anytime soon, per the analytics.
The Cronos project team is also working on a number of other use cases and utilities that the Cronos project team is working on, making it one of the more well-balanced layer-1 solutions around. Even the NFT ecosystem is growing.
“Binemon NFT Announces Strategic Partnership with Cronos Chain !”
Vijay Pravin, Founder and CEO of bitsCrunch: X
On-chain metrics and CRO price forecast
It is now time to look at the on-chain metrics associated with the Cronos blockchain.
Notice how every time the token trading volume has surged, there has been a surge in the price of CRO. This metric can be tracked to locate possible breakout levels, provided you have the technical analysis and price charts handy.
The daily active user count also reveals something interesting. Prices have responded positively whenever the number of active users has surged, mostly across consecutive days. You can also track this metric as a rise in the number of active users hints at growing network adoption.
The number of active addresses, synonymous with active Cronos wallets, is also increasing (as of March 31, 2024). This might be a good price driver going deeper into this crypto market.
And finally, notice how the negative MVRV ratio for CRO triggered a price rally of sorts. When in a bull market, focus on the periods when the MVRV ratio turns negative, which indicates a dip from the fair value and a move toward the token being undervalued. If the technical analysis components are in support, negative MVRV might lead to a possible price surge.
Cronos price prediction and the role of technical analysis
Now that we have explored the fundamentals and on-chain metrics, it is time to get better acquainted with the Cronos price action.
Short-term analysis
The daily price chart of CRO reveals it is traveling inside an ascending wedge. The negative RSI divergence further confirms the bearishness of this pattern. If the price of CRO starts breaking lower, especially the lower trendline, it might end up dropping to $0.088.
The bearish trend will be invalidated if the price moves above the upper trendline. That way, the short-term target for CRO stands at $0.17.
Long-term analysis and calculations
If we pull out the weekly chart of CRO, an interesting trend surfaces. Notice how CRO forms multiple weekly patterns like A-B-A1, A1-B1-A2, A2-B2-A3, and A3-B3, with C3 awaiting confirmation. We need to identify the price movements and time elapsed between each point of each pattern to discuss further.
Here is a quick table to refer to:
A to B | -85.35% in 245 days |
B to A1 | 1061.81% in 350 days |
A1 to B1 | -69.81% in 119 days |
B1 to A2 | 1065.98% in 154 days |
A2 to B2 | -66% in 56 days |
B2 to A3 | 65.94% in 21 days |
A3 to B3 | -91.28% in 574 days |
We can use the values from Table 1 to locate the average price hike and average price drop percentages for the Cronos coin.
Based on the calculations, the average price hike percentage stands at 731.24%, approximately in 175 days. The average price dip is -78.11% over 249 days. Do note that in the bullish crypto market, the timeframes associated with these values might change.
Cronos (CRO) price prediction 2024
Outlook: Bullish
Considering we have the last low, or B3, close to the $0.047 mark, the next high, or the 2024 high for CRO, is expected to surface around $0.388. We have considered an average timeframe, depending on the current state of the crypto market. The low for 2024 should be anywhere around $0.08, something that aligns with our short-term price prediction.
However, in 2024, CRO has already touched a low of somewhere around the $0.06 mark, which isn’t expected to be breached.
Projected ROI from the current level: 153%
Cronos (CRO) price prediction 2025: Can Cronos reach $1?
Outlook: Bullish
From the expected low for Cronos in 2024, we can expect the average price hike of 731.24% to hold. This puts the 2025 high at $0.68. Therefore, even in 2025, Cronos might not be able to cross the $1 mark or one of its all-time highs at around 97 cents.
The low, on the other hand, for 2025, could be at $0.148, per the average hike percentage of 78.11.
Projected ROI from the current level: 344%
Cronos (CRO) price prediction 2030
Outlook: Bullish
Following the expected 2025 low of $0.148, we can expect a more muted price hike for CRO after two years of 730+% gains. From Table 1, we can take a tepid price hike percentage of 65.94% for CRO going into 2026. This puts the 2026 high at $0.24.
Now that we have the 2025 low and the 2026 high, we can extrapolate the same to 2030, considering the previous levels as the key swing levels. This puts the 2030 high at $1.00670. Therefore, we can expect CRO to cross the $1 mark by 2030, which might be a more subdued price action compared to other crypto market players.
Projected ROI from the current level: 558%
Cronos (CRO) long-term price prediction until the year 2035
Now that we have located the key future price levels till 2030, it is imperative to extrapolate the data points to 2035.
Year | Maximum price of CRO | Minimum price of CRO |
2024 | $0.388 | $0.06 |
2025 | $0.68 | $0.148 |
2026 | $0.24 | $0.15 |
2027 | $0.432 | $0.152 |
2028 | $0.623 | $0.2 |
2029 | $0.815 | $0.33 |
2030 | $1.00670 | $0.65 |
2031 | $1.198 | $0.8 |
2032 | $1.39 | $0.65 |
2033 | $1.58 | $0.80 |
2034 | $1.773 | $1.1 |
2035 | $1.965 | $1.4 |
Is Cronos a good buy right now?
This Cronos price prediction might indicate a possible buying opportunity if you are a short-term trader. However, it’s not just about the expected price surges for Cronos. Instead, the powerful tech stack, led by crypto scalability and interoperability traits, makes the Cronos chain a great asset even without the bull market in full swing. Therefore, traders and investors would benefit from a long-term perspective for CRO, provided they have a dependable DYOR strategy in place.
Frequently asked questions
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