Founded to foster the widespread adoption of cryptocurrencies, Crypto.com has emerged as a major platform offering a wide range of financial products. Recently, their native token CRO underwent a rebranding as Cronos CRO and experienced a remarkable surge in value, aided by an extensive $100 million advertising campaign featuring the renowned actor Matt Damon. This raises the question: Is Cronos (CRO) a good investment? How high can CRO go? This article will explore CRO price predictions for 2023-2030 and its investment prospects.
What is Cronos (CRO)?
Cronos (CRO) is the native token of the Crypto.com blockchain and the Cronos EVM chain that operate alongside it. The Cronos EVM chain is the first Ethereum-compatible blockchain developed using the Cosmos software development kit. It embraces an open-source framework, enabling universal accessibility, and operates permissionless, allowing seamless transactions between users without requiring approval from a central authority. The primary objective of the Cronos EVM chain is to facilitate the swift migration of applications from other blockchains, offering the advantage of reduced transaction fees.
Crypto.com is a comprehensive platform and mobile app where users can buy, sell, and earn digital assets. Established in 2016 by Kris Marszalek, Bobby Bao, Gary Or, and Rafael Melo, the platform has amassed a user base of over 50 million individuals. The platform offers various features such as a non-fungible token (NFT) marketplace, a Visa card providing up to 8% cashback and accepted in approximately 40 countries, a crypto wallet, token swapping capabilities, opportunities for daily rewards and interest, as well as the ability to monetise crypto assets without selling them.
As outlined in the Crypto.com whitepaper, the Cronos ecosystem represents a significant milestone in millions of users’ adoption of Web 3.0. Cronos serves to settle transaction fees on the Crypto.com chain, cementing its vital role within the ecosystem. The token also plays a pivotal role in the staking process, granting users access to benefits like cashback rewards, improved interest rates, an additional 2% annual yield on fixed-term deposits, and other enticing rewards.
Read more: Crypto.com vs Coinbase: A Side-By-Side Comparison 2023
Cronos Coin (CRO) Price History
Now let’s delve into the historical price movements of CRO. While past performance should not be considered a definitive indicator of future outcomes, understanding the coin’s past behavior provides valuable context when assessing Crono’s price predictions or formulating our own.
CRO was introduced in mid-December 2018, initially valued at about $0.0153. The coin experienced a substantial surge, nearly multiplying its value by seven, reaching $0.103 on 15 March 2019. It then entered a relatively stagnant phase until the late spring of 2020, when its value steadily rose.
Between 14 March 2020, with the cryptocurrency valued at $0.03187, and 31 August 2020, the token witnessed a more than fivefold increase, reaching $0.1785. These gains were potentially influenced by the launch of the Crypto.com wallet in late March.
The subsequent significant surge for CRO occurred at the beginning of 2021, driven by a bullish market, as it skyrocketed by approximately 285% from $0.06362 on 4 February 2021 to $0.2452 on 15 April 2021. However, the cryptocurrency experienced a decline before making a comeback in the autumn, reaching an all-time high of $0.9005 on 23 November 2021. Nevertheless, the price subsequently retreated and closed the year at $0.5575.
Crypto.com proudly highlighted its rapid popularity and notable achievements, including being the first global crypto exchange to launch its own NFT platform and securing the endorsement of Academy Award-winning actor and writer Matt Damon for its global brand campaign. However, 2022 proved to be a challenging year for CRO. It initially faced a decline before briefly surpassing $0.50 on 9 February.
Unfortunately, the positive sentiment surrounding its value was short-lived, despite the rebranding from Crypto.com to Cronos, which aimed to reflect the decentralisation of the coin and the remarkable growth of the Cronos ecosystem. The price of CRO began to decline further following Crypto.com’s decision to reduce certain staking rewards and end prominent partnerships.
CRO Price Prediction: Expert’s Opinions
According to CoinCodex’s short-term Cronos crypto price prediction, the coin was projected to decline to $0.050730 by 25 December, with a potential recovery to $0.057184 by 19 January 2023. The technical analysis indicated a bearish outlook, with 24 indicators signaling negative trends compared to nine indicators suggesting positive trends.
CoinsKid’s CRO coin price prediction 2023 anticipated the coin to end the year at $0.0562 before potentially reaching $0.1192 by December 2024. The coin may expect a price of $0.1226 by the year’s end, potentially increasing to $0.1913 in December 2026.
DigitalCoinPrice offered a Cronos coin price prediction indicating a value of $0.068 for this year, $0.13 for 2023, and $0.19 for 2024. Their CRO coin price prediction for 2025 proposed a value of approximately $0.25 during that year. Looking ahead, their forecast for 2027 suggested a potential value of $0.30, followed by $0.41 in 2028 and a possible closing value of $0.57 for the decade. Their prediction for 2030 indicated a value of $0.80, with a projected increase to $1.08 by 2031.
On a more bearish note, Wallet Investor’s CRO price prediction painted a challenging picture, suggesting a potential drop to $0.0127 by December 2023 for the cryptocurrency.
It’s important to note that price forecasts, especially for volatile assets like cryptocurrencies, often prove inaccurate. Besides, long-term crypto price predictions are typically generated using algorithms, making them subject to change at any time. Thus, approach these predictions cautiously, as they serve as indicators rather than certainties in the unpredictable crypto space.
Our ETH price prediction and BTC price prediction may pique your interest.
CRO Price Predictions 2023-2030
| YEAR | MINIMUM PRICE | MAXIMUM PRICE |
| 2023 | $0.05 | $0.32 |
| 2024 | $0.23 | $0.50 |
| 2025 | $0.43 | $0.70 |
| 2026 | $0.63 | $0.90 |
| 2027 | $0.83 | $1.10 |
| 2028 | $1.03 | $1.30 |
| 2029 | $1.23 | $1.50 |
| 2030 | $1.45 | $1.70 |
Cronos (CRO) Price Prediction 2023
Our CRO coin forecast suggests that in 2023, the coin’s maximum and minimum prices could be approximately $0.32 and $0.05, respectively. The average price of Cronos (CRO) is $0.19, with a projected percentage change of 500%.
CRO Price Prediction 2024
Our Crypto.com coin price prediction 2024 indicates a trading range between $0.23 and $0.50, with a minimum price of $0.23 and a maximum price of $0.50. The average price forecasted is $0.37.
CRO Coin Price Prediction 2025
In 2025, the possible high and low prices for CRO may hover around $0.70 and $0.43, respectively. The average CRO price forecast 2025 is $0.57, with a projected percentage change of 62%.
CRO Price Prediction 2026
Based on our Cronos crypto price prediction, the coin is expected to trade within the range of $0.63 to $0.90 in 2026. The highest price may be $0.90, while the lowest may reach $0.63. The average price projected 2026 is $0.77, with a potential price rise of approximately 42%.
Cronos Crypto Price Prediction 2027
In 2027, our CRO coin forecast suggests a trading range of $0.83 to $1.10, with an average price of approximately $0.97. The projected percentage price change for 2027 is around 32%.
Read more: Algorand Price Predictions 2023-2030: Does Algorand Have A Future?
CRO Token Price Prediction 2028
The lowest and highest possible prices for CRO in 2028 are $1.03 and $1.30, respectively. Our forecast indicates a price change of approximately 26%, with an average value of $1.17.
Cronos Price Prediction 2029
For 2029, our Crypto.com coin (CRO) price prediction suggests a maximum price of $1.50 and a minimum price of $1.23. The average price for the year is approximately $1.37.
CRO Price Prediction 2030
In 2030, our CRO crypto price prediction indicates a maximum price of $1.70, with a minimum price of $1.45, reaching a new all-time high (ATH). The average price projected for 2030 is $1.58.
Is CRO Coin a Good Investment?
The decision to invest in CRO Coin should be carefully considered based on a thorough analysis of its potential risks and rewards. The success of CRO Coin is closely tied to the growth and success of the Crypto.com platform. On the positive side, Crypto.com has made significant strides in the crypto industry, attracting a substantial user base and securing partnerships with prominent sports organisations and celebrities.
Crypto.com has also positioned itself as a rapidly expanding crypto platform, aiming to reach 1 billion global users in 2022. The company’s marketing campaigns and support for multiple cryptocurrencies indicate its efforts to attract a broader customer base. The demand for combining cryptocurrencies with the traditional economy is growing, presenting opportunities for Crypto.com to thrive.
However, it is essential to acknowledge the potential drawbacks and red flags associated with the project. Competition in combining cryptocurrencies with the traditional economy is fierce, and Crypto.com is only one of many players operating in this arena. Concerns about the CEO’s business history have been raised, with previous ventures experiencing failures.
Moreover, the platform’s security has been questioned due to a hacking incident in 2022, raising concerns for potential investors. Negative feedback from platform users regarding verification difficulties, authentication issues, and unsatisfactory technical support also warrants consideration.
Ultimately, individuals should conduct thorough research and consider all factors before deciding whether CRO Coin is a suitable investment. Evaluating the platform’s prospects, competition, security measures, and user experiences can provide valuable insights to make an informed investment decision.
Read more: Vechain Price Predictions 2023-2030: Will It Rebound?
CRO Price Prediction FAQs
What’s CRO crypto used for?
Users can use the token to purchase on the platform or cover transaction fees. They can also stake CRO to earn interest and increase their wealth. It’s worth noting that the maximum supply of the token has undergone a reduction, from 100 billion units to 30 billion units, achieved through a token burn process.
How high can the CRO coin go?
Over the next 5 to 10 years, there is potential for significant growth in the price of CRO. Some investors believe CRO could reach $10 or even $20 during this timeframe. However, note that realising these price targets depends on the absence of significant economic threats. Many investors consider CRO to be a reliable asset that has the potential to appreciate over time.
Will CRO Token reach $10?
For the CRO coin to reach a price level of $10, it would need to grow approximately 16.7 times its current value. Based on its growth rate of 1.38 times in one month, the CRO coin would take around 1 year to reach $10. Hence, it is plausible for Cronos to reach $10, although the actual timeframe may vary depending on market conditions.
Is buying CRO legal in Australia?
The purchase and trading of cryptocurrencies, including Cronos (CRO), are legally permitted in various countries, including Australia, the United States, the European Union, Canada, and El Salvador. You can buy CRO in Australia through the best cryptocurrency exchanges like CoinSpot, Coinbase, and Swyftx. Note that while taxes generally don’t apply to the purchase of virtual digital assets, selling Cronos for a profit may result in tax obligations.
Where to buy the CRO coin?
Several crypto exchanges are available for purchasing CRO. Still, it’s advisable to select a trustworthy exchange registered with AUSTRAC Our top recommendation is CoinSpot, which offers a user-friendly interface, free AUD deposits and withdrawals, a wide range of over 380 cryptocurrencies, and staking opportunities for 21 coins. You can read our CoinSpot review here to learn more about it.
Final Thoughts
When exploring CRO price predictions, it’s essential to acknowledge the inherent volatility of crypto markets, which makes short-term price forecasts challenging and long-term estimates even more uncertain. Analysts and forecasters who rely on algorithms may not always be accurate in their predictions.
If you’re contemplating an investment in Cronos, we strongly advise conducting comprehensive research. This involves analysing current market trends, staying informed about the latest news, conducting technical and fundamental analyses, and considering expert opinions. Remember that past performance does not indicate future returns; you should only trade with what you can afford to lose.
