Cronos (CRO) Price Prediction 2022 – Will CRO Hit $0.5 Soon?
- Bullish Cronos price prediction is $0.1417 to $0.3249.
- Cronos (CRO) price might also reach $0.5 soon.
- Bearish Cronos price prediction for 2022 is $0.0984.
In Cronos (CRO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about Cronos to analyze the future movement of the cryptocurrency.
Cronos (CRO) Current Market Status
According to CoinGecko, the price of Cronos (CRO) is $0.122639 with a 24-hour trading volume of $84,772,551 at the time of writing. However, Cronos has increased by nearly 3.9% in the last 24 hours.
Moreover, Cronos (CRO) has a circulating supply of 25,263,013,692 Cronos. Currently, Cronos (CRO) trades in cryptocurrency exchanges such as OKX, Coinbase Exchange, KuCoin, Huobi Global, DigiFinex.
What is Cronos (CRO)?
Cronos (CRO) is the native cryptocurrency of Cronos, the native blockchain of the Crypto.com exchange. Cronos is an open-source EVM-compatible blockchain built on Cosmos SDK. It utilizes the proof-of-stake (PoS) consensus.
Cronos blockchain supports the bridging of dApps and smart contracts of Ethereum and other blockchains to the Cosmos ecosystem via its inter-blockchain communication (IBC) protocols.
Crypto.org, formerly known as the Monaco technology firm, deployed the Monaco Coin (MCO) as the utility token. In 2018, the network launched the Cronos (CRO). CRO is primarily used as the utility token within the Crypto.com exchange. Users use these tokens in staking, governance, and in-exchange services. Moreover, Cronos (CRO) existed formerly as the Crypto.com Coin (CRO). Later in February 2021, the token was renamed Cronos (CRO).
Cronos (CRO) Price Prediction 2022
Cronos (CRO) holds the 26th position on CoinGecko right now. Cronos price prediction 2022 is explained below with a daily time frame.
The above chart of Cronos (CRO) laid out an Horizontal Channel. Horizontal Channel also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
Currently, Cronos (CRO) is in the range of $0.1220 If the pattern continues, the price of Cronos might reach the resistance levels of $0.1233, $0.1567 and $0.2701. If the trend reverses, then the price of Cronos may fall to $0.0978.
Cronos (CRO) Support and Resistance Levels
The chart below shows the support and resistance levels of Cronos (CRO).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Cronos (CRO).
| Resistance Level 1 | $0.1417 |
| Resistance Level 2 | $0.2072 |
| Resistance Level 3 | $0.3249 |
| Support Level | $0.0984 |
The charts show that Cronos (CRO) has performed a bullish trend over the past month. If this trend continues, Cronos might run along with the bulls overtaking its resistance level at $0.3249
Accordingly, if the investors turn against crypto, the price of Cronos (CRO) might plummet to almost $0.0984, a bearish signal.
Cronos (CRO) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Cronos (CRO) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of Cronos lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Cronos (CRO) is shown in the chart above. Notably, Cronos (CRO) price lies above 50 MA (short-term), so it is in an uptrend. Currently, Cronos has entered a bullish state. Therefore, there is a possibility of a reversal trend of Cronos at any time.
Meanwhile, the relative strength index (RSI) of the Cronos is 65.59. This means that Cronos (CRO) is nearly in an overbought state. However, this means a major price reversal of Cronos may occur in the upcoming days. So, traders need to trade carefully.
Cronos (CRO) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Cronos (CRO). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Cronos (CRO). Currently, the ADX of Cronos lies in the range of 19.5616 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of Cronos (CRO). RVI measures the constant deviation of price changes over a period of time. The RVI of Cronos lies above 50, indicating high volatility. In fact, the RSI of Cronos (CRO) is at 65.59 thus confirming a potential sell signal.
Comparison of Cronos with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Cronos (CRO).
From the above chart, it can be interpreted that ETH and CRO are moving in a similar trend. This indicates that when the price of ETH increases or decreases, the price of CRO also increases or decreases respectively.
Cronos (CRO) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Cronos (CRO) might probably attain $1 by 2023.
Cronos (CRO) Price Prediction 2024
With several upgrades in the network, Cronos (CRO) might enter a bullish trajectory. If the coin grabs the attention of major investors, Cronos might rally to hit $3 by 2024.
Cronos (CRO) Price Prediction 2025
If Cronos (CRO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, Cronos would rally to hit $5
Cronos (CRO) Price Prediction 2026
If Cronos (CRO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, Cronos would rally to hit $7
Cronos (CRO) Price Prediction 2027
If Cronos (CRO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, Cronos would rally to hit $9
Cronos (CRO) Price Prediction 2028
If Cronos (CRO) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, Cronos would hit $11 in 2028.
Cronos (CRO) Price Prediction 2029
If investors flock in and continue to place their bets on Cronos (CRO), it would witness major spikes. Cronos might hit $13 by 2029.
Cronos (CRO) Price Prediction 2030
With greater advancements in the Cronosecosystem, the crypto community might continue to invest in Cronos for the next 8 years and drive significant price rallies for the token. Hence, Cronos (CRO) might hit $15 by 2030.
Conclusion
With continuous improvements in the Cronos network, we can say that 2022 is a good year for Cronos. For this reason, the bullish price prediction of Cronos (CRO) in 2022 is $0.3249 On the other hand, the bearish price prediction of Cronos (CRO) price prediction for 2022 is $0.0984.
Furthermore, with the advancements and upgrades to the Cronos ecosystem, the performance of Cronos would help to reach above its current all-time high (ATH) of $0.965407 very soon. But, it might also reach $0.5 if the investors believe that Cronos is a good investment in 2022.
FAQ
Cronos (CRO) is the utility token of Cronos, the native blockchain of the crypto exchange, Crypto.com. CRO was initially launched as an ERC-20 token and later migrated to Cronos in November 2021.
Cronos (CRO) has been listed on many crypto exchanges which include KuCoin, Coinbase Exchange, OKX, Huobi Global, DigiFinex.
With the ongoing developments and upgrades within the Cronos platform, Cronos (CRO) has a high possibility of reaching its ATH soon.
On November 24, 2021, Cronos (CRO) reached its new all-time high (ATH) of $0.965407.
Cronos (CRO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Cronos in the past few months, CRO is considered a good investment in 2022.
Cronos (CRO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Cronos (CRO) will hit $0.5 soon.
Cronos (CRO) price is expected to reach $1 by 2023.
Cronos (CRO) price is expected to reach $3 by 2024.
Cronos (CRO) price is expected to reach $5 by 2025.
Cronos (CRO) price is expected to reach $7 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
