One important obstacle to the acceptance of cryptocurrencies is the barrier between them and traditional finance. One of the projects working to remove this barrier is Crypto.com, with the motto "Cryptocurrency In Every Wallet". In this article, we'll explore the Crypto.com platform and its native Cronos (CRO) coin and look at its price predictions.

What is Cronos (CRO)?

Cronos Chain is the blockchain network of the cryptocurrency platform Crypto.com, which offers a range of services in the crypto market, including a mobile wallet, a cryptocurrency prepaid card and a crypto trading platform.

Register on StormGain Now
 

Work on the stuff that matters. If you work on the stuff that matters, people will join you, and people will fund you. – Kris Marszalek, CEO of Crypto.com.

The history of Cronos

Crypto.com was founded in June 2016 in Hong Kong as "Monaco Technologies GmbH" by a team of entrepreneurs with experience in finance and tech. The team included Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao. Kris Marszalek, the current CEO of the company, had previously been involved in multiple startups, both successful and not.

In 2018, Monaco was rebranded as Crypto.com following the purchase of the Crypto.com domain. The platform's old token, MCO, was phased out and swapped for CRO.

Also, in 2018, Crypto.com launched its Visa cards.

At the end of 2019, the number of platform users reached 1 million; in February 2020, it surpassed 10 million. Currently, the company claims that its platform has more than 80 million users.

On 8 November 2021, the Cronos Chain mainnet was launched. In January 2022, $15 million worth of cryptocurrency was stolen from the platform as a result of a hack. After a transaction freeze and investigation, the company claimed that no user funds were lost.

The company is currently headquartered in Singapore.

Cronos' features

Cronos (CRO) is the native cryptocurrency of the Crypto.com platform. Crypto.com is a cryptocurrency exchange and financial services platform that offers a range of products and services related to cryptocurrencies and blockchain technology. The key features and products of Crypto.com are:

1. Crypto.com exchange. A cryptocurrency trading platform with the standard functionality of centralised cryptocurrency exchanges.
2. Crypto Wallet that supports over 100 cryptocurrencies.
3. Crypto.com pay. This feature allows users to pay with cryptocurrency to Crypto.com program merchants.
4. Crypto.com Visa card. A prepaid card that can be topped up using bank account transfers, other credit/debit cards and cryptocurrency alike. To receive most bonuses, users need to lock CRO tokens in their Crypto.com wallet for six months, and the amount depends on the tier of the card.
5. Crypto Earn. A tool for cryptocurrency staking.
6. Crypto Credit. Users can borrow fiat currency or stablecoins using their cryptocurrencies as collateral.
7. Crypto.com NFT Marketplace. A platform for buying and selling non-fungible tokens (NFTs).
8. Crypto.com App. A mobile app that allows you to use the platform and manage your funds.

CRO token plays a key role in the Crypto.com ecosystem, serving as a utility token that provides users with discounts, rewards, and access to certain features within the platform. CRO can also be staked by users to earn rewards and secure the Crypto.com network. Additionally, CRO is used as a medium of exchange within the Crypto.com payment network, allowing users to pay for goods and services at participating merchants.

CRO is an ERC-20 token that works in both the older Crypto.org blockchain and the newer Cronos Chain launched in 2021. Cronos Chain is an Ethereum Virtual Machine (EVM) compatible blockchain built on the Cosmos SDK. It's designed to host decentralised apps and smart contracts. The network is a complement to the Crypto.com ecosystem running alongside the Crypto.org blockchain.

Register on StormGain Now
 

Cronos (CRO) price analysis

As of 29 July 2024, the CRO token ranked 42nd among cryptocurrencies by market capitalisation at $2,427,533,075.

CRO price statistics (as of 29/07/24)

Register on StormGain Now
 

CRO's price history

The token price rose markedly in the aftermath of the launch. However, after it reached a local high on 16 May 2019, a bearish trend started and lasted until December 2019.

The trend then turned bullish, which, despite occasional deep corrections, continued until November 2021. The CRO price surged in November and reached its all-time high on 24 November.

This was followed by a downward trend in the crypto market, which CRO didn't escape. Despite the recovery that began in January 2023, we can't claim that the bullish trend has returned.

From January 2023 to July 2024, Cronos (CRO) experienced significant price fluctuations. It started at $0.06 in January 2023, peaked at $0.12 in May 2023, and then saw a general decline. By December 2023, it was around $0.09. In early 2024, the price reached a high of $0.14 in April but declined again to $0.10 in June. As of 27 July 2024, the price was approximately $0.0907.

CRO technical analysis

As of 29 July 2024, the sentiment around Cronos (CRO) is generally bearish. However, technical indicators suggest that Cronos's 200-day SMA will rise to $0.112643 by 27 August 2024, while the short-term 50-day SMA is expected to reach $0.091711 by the same date. 

The Relative Strength Index (RSI) is currently at 47.05, indicating a neutral market position. With a classical pivot point (P1) of $0.091159, Cronos has support levels at $0.090015 and $0.089125, with the strongest at $0.087982. Resistance levels are at $0.092049, $0.093192, and $0.094082.

Cronos (CRO) price prediction 2024

As with most altcoins, the price of CRO in 2024 will largely depend on the overall health of the crypto market. It's currently showing signs of recovery, but it's too early to speak of the bullish trend return.

Cronos (CRO) coin price prediction for 2024, 2025, 2030 and 2040

As a popular altcoin among the top 50 cryptocurrencies, CRO could not escape the attention of forecasting services. Let's take a look at what they think about the future of the token.

Wallet Investor's CRO crypto price prediction for 2024, 2025, 2030 and 2040

According to WalletInvestor's price predictions for Cronos (CRO), the forecast for 2024 includes an average price of $0.1358, with a minimum of $0.0901 and a maximum of $0.1358. For 2025, the average price ranges from $0.00076 to $0.2132, with a minimum of $0.00062 and a maximum of $0.2132. By 2030, the average price is projected to be $0.1358, with a maximum of $0.1358 and no specified minimum price.

DigitalCoinPrice's CRO price prediction for 2024, 2025, 2030 and 2040

DigitalCoinPrice predicts that in 2024, Cronos (CRO) will have an average price of $0.26, with a minimum of $0.21 and a maximum of $0.31. By 2025, the average price is expected to rise to $0.55, ranging from a minimum of $0.44 to a maximum of $0.66. Looking further ahead to 2030, the average price is projected to be $22.49, with a minimum of $17.99 and a maximum of $26.98.

Cryptopolitan's CRO price prediction for 2024, 2025, 2030 and 2040

Cryptopolitan's price prediction for Cronos (CRO) suggests that in 2024, the price will range from approximately $0.216 to $0.254. In 2025, the expected price will range from $0.2252 to $0.2547. By 2030, a significant increase is anticipated, with prices between $1.53 and $1.78.

CrytpoNewsZ's CRO price prediction for 2024, 2025, 2030 and 2040

CryptoNewsZ predicts that Cronos (CRO) will range from approximately $0.216 to $0.254 in 2024. For 2025, the price is expected to range between $0.2252 and $0.2547. By 2030, a significant increase is anticipated, with prices between $1.53 and $1.78.

Price Prediction's CRO price prediction for 2024, 2025, 2030 and 2040

Price Prediction forecasts that the CRO token will reach around $0.21 by the end of 2024. In 2025, the price is expected to range from $0.13 to $0.48, with an average of $0.30. By 2030, the average price is predicted to be $1.16, with a potential high of $1.27.

CryptoPredictions'CRO price prediction for 2024, 2025, 2030 and 2040

CryptoPredictions forecasts that the CRO price will be around $0.2334 throughout 2024. By 2025, the price is expected to rise significantly to approximately $0.5643.

Register on StormGain Now
 

Cronos (CRO) overall future value predictions

Is Cronos coin a good investment?

The future of the CRO token depends entirely on the success of the Crypto.com platform. The platform is now a pretty big player in the crypto industry, managing to attract a fairly large number of users, and continues to grow. The integration of cryptocurrencies into everyday payments has long been in demand and is a promising niche. However, the project also has some drawbacks and red flags:

• Crypto.com is far from being the only company operating in the niche of combining cryptocurrencies with the 'traditional' economy. The competition in this area is pretty intense.
• The business past of the company's CEO, Kris Marszalek, is quite questionable. Before founding Crypto.com, he was involved in many ventures that ended in failure.
• The hack of the platform in January 2022 left many users questioning the security of the platform.
• There is a rather noticeable number of negative feedback from platform users. Among the main issues reported are difficulties with verification, problems with authentication after app updates, and unsatisfactory technical support.
• The company uses a fairly aggressive advertising strategy, including numerous sponsorships and celebrity endorsements, which some in the crypto community find alarming.

How high can the CRO coin go?

While specific forecasts can vary, some sources, like Cryptopolitan, suggest that CRO could reach around $1.78 by 2030.

Cronos (CRO) token price prediction today

As of 29 July 2024, the current price of Cronos (CRO) is around $0.090136. According to CoinCodex's short-term prediction, CRO is expected to rise by 1.79% to $0.092097 by 27 August 2024. However, the overall sentiment is bearish, and the Fear & Greed Index shows greed.

CRO's price prediction for 2024 ranges from $0.216 to $0.254. By 2025, it could reach $0.2252 to $0.2547. Longer-term predictions suggest CRO may hit $1.57 on average by 2030.

Register on StormGain Now