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Cronos (CRO) Price Prediction 2024, 2025, 2026-2030

Cronos (CRO) Price Prediction 2024, 2025, 2026-2030

  • Bullish CRO price prediction for 2024 is $0.1303 to $0.2068.
  • Cronos (CRO) price might reach $0.5 soon.
  • Bearish (CRO) price prediction for 2024 is $0.0483.

In this Cronos (CRO) price prediction 2024, 2025-2030, we will analyze the price patterns of CRO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency

TABLE OF CONTENTS
INTRODUCTION
  • Cronos (CRO) Current Market Status
  • What is Cronos (CRO)?
  • Cronos (CRO) 24H Technicals
CRONOS (CRO) PRICE PREDICTION 2024
  • Cronos (CRO) Support and Resistance Levels
  • Cronos (CRO) Price Prediction 2024 RVOL, MA, and RSI
  • Cronos (CRO) Price Prediction 2024 ADX, RVI
  • Comparison of CRO with BTC, ETH
CRONOS (CRO) PRICE PREDICTION 2025, 2026-2030
CONCLUSION
FAQ

Cronos (CRO) Current Market Status

Current Price$0.1294
24 Hour Price Change12.67% Up
24 Hour Trading Volume$60,531,217
Market Cap$3,265,705,181
Circulating Supply25,263,013,692 CRO
All Time High$0.9698 (On Nov 24, 2021))  
All Time Low$0.01149 (On Dec 17, 2018)  
CRO Current Market Status (Source: CoinMarketCap)

What is Cronos (CRO)

TICKERCRO
BLOCKCHAINCronos
CATEGORYEthereum Virtual Machine
LAUNCHED ONNovember 2021
UTILITIESGovernance, security, gas fees & rewards

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. Cronos (CRO) existed formerly as the Crypto.com Coin (CRO). Later in February 2021, the token was renamed Cronos (CRO).

Cronos 24H Technicals

(Source: TradingView)

Cronos (CRO) Price Prediction 2024

Cronos (CRO) ranks 45th on CoinMarketCap in terms of its market capitalization. The overview of the Cronos price prediction for 2024 is explained below with a daily time frame.

CRO/USDT Horizontal Channel Pattern (Source: TradingView)

In the above chart, Cronos (CRO) laid out a Horizontal Channel. This is 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 that connects the highs, and the lower trendline, the line that 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.

At the time of analysis, the price of Cronos (CRO) was recorded at $0.1268. If the pattern trend continues, then the price of CRO might reach the resistance levels of 0.1305, and 0.2391. If the trend reverses, then the price of CRO may fall to the support of $0.0973 and $0.0721.

Cronos (CRO) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Cronos (CRO) in 2024.

CRO/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Cronos (CRO) for 2024.

Resistance Level 1$0.1303
Resistance Level 2$0.2068
Support Level 1$0.0768
Support Level 2$0.0483
CRO Resistance & Support Levels

Cronos (CRO) Price Prediction 2024 RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Cronos (CRO) are shown in the chart below.

CRO/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Cronos (CRO) market in 2024.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = 0.0888
Price = 0.1290
(50MA < Price)
Bullish/Uptrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions87.51
<30 = Oversold
50-70 = Neutral

>70 = Overbought




Overbought
Relative Volume (RVOL)Assets trading volume in relation to its recent average volumesBelow cutoff lineWeak Volume

Cronos (CRO) Price Prediction 2024 ADX, RVI

In the below chart, we analyze the strength and volatility of Cronos (CRO) using the following technical analysis indicators Average Directional Index (ADX) and Relative Volatility Index (RVI).

CRO/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Cronos (CRO).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum44.18Very Strong Trend
Relative Volatility Index (RVI)Volatility over a specific period93.8-
<50 = Low
>50 = High
High Volatility

Comparison of CRO with BTC, ETH

Let us now compare the price movements of Cronos (CRO) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs CRO Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of CRO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of CRO also increases or decreases respectively.

Cronos (CRO) Price Prediction 2025, 2026 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Cronos (CRO) between 2025, 2026, 2027, 2028, 2029 and 2030.

Year Bullish Price Bearish Price
Cronos (CRO) Price Prediction 2025$0.6$0.04
Cronos (CRO) Price Prediction 2026$0.7$0.05
Cronos (CRO) Price Prediction 2027$0.8$0.06
Cronos (CRO) Price Prediction 2028$0.9$0.09
Cronos (CRO) Price Prediction 2029$1$0.1
Cronos (CRO) Price Prediction 2030$1.3$0.16

Conclusion

If Cronos (CRO) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Cronos (CRO) price prediction for 2024 is $0.2068. Comparatively, if unfavorable sentiment is triggered, the bearish Cronos (CRO) price prediction for 2024 is 0.0483. 

If the market momentum and investors sentiment positively elevate, then Cronos (CRO) might hit $0.5. Furthermore, with future upgrades and advancements in the Cronos ecosystem, CRO might surpass its current all-time high (ATH) of $0.9698 and mark its new ATH.

FAQ

1. What is Cronos (CRO) ?

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.

2. Where can you buy a Cronos (CRO)?

Traders can trade Cronos (CRO) on the following cryptocurrency exchanges such as OKX, Coinbase Exchange, KuCoin,Gate.io and Bittrex

3. Will Cronos (CRO) record a new ATH soon?

With the ongoing developments and upgrades within the Cronos platform, Cronos (CRO) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Cronos (CRO) ?

Cronos (CRO) hit its current all-time high (ATH) of $0.9698 on Nov 24, 2021.

5. What is the lowest price of Cronos (CRO) ?

According to CoinMarketCap, CRO hit its all-time low (ATL) of $0.01149 onDec 17, 2018.

6. Will Cronos (CRO) hit $0.5?

If Cronos (CRO) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.5 soon.

7. What will be the Cronos (CRO) price by 2025?

Cronos (CRO) price might reach $0.6 by 2025.

8. What will be the Cronos (CRO) price by 2026?

Cronos (CRO) price might reach $0.7 by 2026.

9. What will be the Cronos (CRO) price by 2027?

Cronos (CRO) price might reach $0.8 by 2027.

10. What will be the Cronos (CRO) price by 2028?

Cronos (CRO) price might reach $0.9 by 2028.


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Disclaimer: The opinion expressed in this chart is solely the authors. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Read more: https://thenewscrypto.com/cronos-cro-price-prediction/

Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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