CRO price prediction 2024-2030: Is Cronos a good investment?

Key takeaways:

• The CRO price prediction shows it will reach a maximum level of $0.1006 with an average price of $0.0843 throughout 2024.
• By 2027, CRO could reach a maximum value of $0.3180, with an average trading price of $0.2907.
• Cronos is expected to reach a maximum level of $1.08 in 2030.

Cronos (CRO) is the native cryptocurrency token of the Crypto.com Chain, a decentralized, open-source blockchain developed by the Crypto.com payment, trading, and financial services company. CRO aims to power the next generation of decentralized crypto assets and applications and enable real-time, low-cost transactions globally.

Cronos cross-bridge mainnet beta suggests a bright future for CRO. This feature aims to improve interoperability between significant blockchain ecosystems, potentially increasing CRO’s attractiveness to developers and users. CRO’s recent performance reflects robust market confidence. These factors combined present Cronos as a compelling investment opportunity within the dynamic cryptocurrency market.

Eminem’s involvement comes when Crypto.com has been actively expanding its visibility through various high-profile partnerships, such as with actor Matt Damon and major sports teams.

The blend of celebrity influence, such as Eminem’s endorsement, with significant tech developments like the Cronos cross-bridge, creates a unique market positioning that could lead to favorable outcomes in its pricing dynamics.

Overview

Cronos Price Prediction: Technical Analysis

Cronos CRO price analysis: CRO sees positive shift amidst market uncertainty

Key takeaways

• Cronos (CRO) has increased by 9% this week. It is currently trading at $0.07949 and has a market cap of $2.11 billion.
• CRO struggles near key resistance levels, currently at $0.0862, with the 100-day EMA acting as a crucial bullish trigger.
• MACD shows mild bullish divergence, while RSI indicates a neutral stance, suggesting potential for upward movement if momentum builds.

Cronos price analysis for September 26th reveals the current market position of Cronos CRO. Cronos has exhibited notable movements today, reflecting an interesting trend amidst broader cryptocurrency market dynamics. The token trades at $0.07949, a 9% increase over the past week. This recent surge has brought Cronos into the limelight, positioning it with a market cap of $2.11 billion. Today’s trading showed a remarkable rise from an opening price, peaking at a critical resistance level, then slightly correcting, yet maintaining a strong posture above previous support levels.

In the context of recent trading activities, the notable 15% increase in spot inflows suggests a growing trading volume, which might typically indicate bullish sentiment. However, the price of CRO continues to wrestle with the upper bounds of key moving average indicators such as the 20-day, 50-day, and 200-day EMA. These bands have historically served as critical thresholds that gauge potential upward or downward trends.

Cronos daily chart analysis: CRO continues to struggle with key resistance levels

The daily chart for Cronos reveals persistent struggles as the cryptocurrency battles to break through key resistance levels. The price currently hovers around $0.0862 after registering a mild 1.89% increase. The EMA (Exponential Moving Averages) for the 20, 50, 100, and 200-day periods stand at $0.0842, $0.0892, and $0.0951, respectively, indicating that CRO is still trading below the crucial long-term EMAs, signifying a bearish long-term sentiment. The price seems to be consolidating just below these resistance bands, indicating a period of indecision for traders. Breaking above the 100-day EMA could be a significant bullish trigger, but failure to do so might see a retest of the lower supports.

The Relative Strength Index (RSI) currently reads at 57.40 It shows moderate momentum but suggests that the asset is neither overbought nor oversold, leaving room for upward movement. The Moving Average Convergence Divergence (MACD) histogram shows a slight bullish divergence, with the MACD line at 0.0007 crossing above the signal line at 0.0003. This is a mild indication of building bullish momentum. However, the price must be sustained above $0.0842 and break through the key resistance levels at around $0.0892 for any significant bullish continuation.

4-hour chart analysis: CRO sustains momentum above $0.0842

The CRO/USD pair’s latest trading session reveals a tightening price range, indicating potential consolidation as traders assess the next market move. The Bollinger Bands, set at a 20-period moving average, are narrowing, signifying reduced volatility in the market. Such a setup often precedes a significant price action, either upward or downward, as market participants look for clear directional cues. The 4-hour chart also displays the price hovering just above the lower band at $0.0842, suggesting that a support level might be forming, while the upper band sits at $0.0870, marking a resistance level.

Examining the MACD (Moving Average Convergence Divergence) trendlines reveals a neutral stance, as both the MACD and signal lines hover around the zero mark. This positioning implies that momentum is flat, with neither buyers nor sellers exerting significant influence over the price. The histogram’s values are also close to zero, indicating indecisiveness in the market. As such, traders should remain vigilant, as any crossover between the MACD and the signal line could hint at an impending shift in momentum. Additionally, the Relative Strength Index (RSI), currently near 52.70, underscores this neutrality, suggesting that CRO is neither overbought nor oversold.

The trading activity remains steady, although it has not surged significantly, indicating a lack of strong conviction in the current trend. A volume-to-market cap ratio of 0.28% suggests that while there is participation, it is relatively subdued compared to more active periods. For the price of CRO to make a decisive move, a notable increase in volume would be required, signaling increased trader interest and participation. Should the price break above the upper Bollinger Band and see a corresponding increase in volume, it could signal a potential bullish breakout. Conversely, a fall below the lower band may suggest a bearish trend, prompting traders to reassess their positions.

Cronos Technical Indicators: Levels And Action

Daily Simple moving average (SMA)

Daily exponential moving average (EMA) 

Is Cronos a good investment?

Investing in Cronos (CRO) offers a strategic opportunity for those looking to engage with the burgeoning field of decentralized finance (DeFi) and digital assets. As the native cryptocurrency of the Crypto.com Chain, Cronos serves as a pivotal element in a blockchain designed to be interoperable with significant ecosystems like Ethereum and Cosmos, supporting a wide range of applications, including DeFi and non-fungible tokens (NFTs). The Cronos blockchain not only facilitates various decentralized applications (dApps) but also maintains a substantial total value locked (TVL), underscoring its utility and adoption in the blockchain space. Moreover, Cronos is recognized for its energy efficiency, high transaction speed, and low fees, further enhancing its attractiveness as an investment. Future projections suggest that CRO could reach significant value heights by 2030, indicating its potential for substantial long-term growth. This combination of technological robustness, ecosystem integration, and future growth prospects makes Cronos a compelling choice for crypto investors.

Will Cronos recover?

Cronos shows a recent decline with signs of stabilization and minor recovery, suggesting that the token trading volume may recover.

Will Cronos reach $0.15

Cronos’s reaching $0.15 would require sustained bullish momentum, favorable market trends, and significant growth; therefore, it remains uncertain whether CRO will reach $0.15.

Will Cronos reach $100?

It is doubtful that Cronos will reach $100 given that it would require an enormous market capitalization, which is currently unrealistic given the overall crypto market cap size.

Does Cronos have an excellent long-term future?

Cronos is showing stabilization and some recovery, which indicates that CRO may have a promising long-term future.

Recent news/opinion on Cronos

Cronos Labs has announced the launch of its zkEVM mainnet, a pivotal development in collaboration with Matter Labs, known for zkSync. This new mainnet features a comprehensive ecosystem of decentralized applications (dapps) and a native Ethereum bridge, facilitating seamless integration and transfer capabilities between the two platforms. The initiative follows a fruitful testnet phase concluded in December 2023, which saw over 3 million wallets being created, priming users for a transition to a more scalable and efficient blockchain environment using zero-knowledge proofs. 

CRO Price Prediction September 2024

The Cronos price in September 2024 shows that the minimum trading cost might be $0.07825, while the maximum might reach $0.08057 this month. On average, the value of CRO is expected to be around $0.08017.

CRO Price Prediction 2024

According to the technical analysis of Cronos prices expected in 2024, the minimum cost of CRO will be $0.07825. The maximum level that the CRO price can reach is $0.08057. The average trading price is expected to be around $0.08017.

CRO Price Prediction 2025-2030

Cronos Price Prediction 2025

The price of Cronos is expected to reach a minimum of $0.1288 in 2025. The CRO price can reach a maximum level of $0.1575 with an average cost of $0.1325.

CRO Price Prediction 2026

According to our profound technical analysis of past price and historical data, of CRO, In 2026, the price of Cronos is predicted to reach a minimum of $0.1840. The CRO price can reach a maximum level of $0.2233 with an average trading price of $0.1906.

CRO Price Prediction 2027

The price of Cronos is predicted to reach a minimum value of $0.2812 in 2027. The Cronos price could reach a maximum value of $0.3180 with an average trading price of $0.2907.

CRO Price Prediction 2028

Cronos’s price is forecast to reach the highest price and lowest possible $0.4068 in 2028. As per findings, the CRO price could get the maximum possible level of $0.4907 with an average forecast price of $0.4184.

CRO Price Prediction 2029

As per the forecast price and technical analysis, In 2029, the cost of Cronos is predicted to reach a minimum of $0.6172. The CRO price can reach a maximum level of $0.7109 with an average trading price of $0.6381.

Cronos CRO Price Prediction 2030

The price of Cronos is predicted to reach a minimum of $0.9107 in 2030. It can reach a maximum level of $1.08, with an average cost of $0.9363 throughout 2030.

Cryptopolitan’s Cronos CRO Price Prediction

Cronos price prediction by Cryptopolitan shows that, during the last month, the price of CRO has increased, adding a colossal average amount of $23.15 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.

Cronos Market Price Prediction: Analysts’ CRO Price Forecast

Cronos Historic Price Sentiment

• According to the earliest price data obtained from Coinmarketcap, CRO kicked off with a market price of $0.01977 on December 14, 2018. The price quickly rose to $0.03729, and in the following months, CRO traded within a range of $0.012 – $0.024.
• By March 12, 2019, CRO hit $0.07344 and continued to trend upwards over the next few days, reaching above the $0.1 mark on March 15. CRO lost momentum towards the end of 2019 and ended the year at $0.03358.
• In 2020, CRO was stable in the first few months, with minimal historical price movements and spikes. By the second half of 2020, CRO exceeded its highest market price in 2019 and crossed the $0.20 mark by August 21, 2020. CRO closed the year on a low and dropped to about $0.06.
• 2021 proved a good year for major cryptocurrencies such as BTC and ETH, as both touched new all-time highs. CRO was not left behind; it rode with the bullish crypto momentum by surpassing its highest point in 2020 and attaining its current ATH of $0.9698 on November 24. The upward surge in price experienced by the coin, especially in November, can be attributed to its listing on Coinbase Pro and Bitrue. 
• At the start of 2022, CRO began with an opening price of $0.5575. The coin has lost about 24.67% of its value and is currently trading at $0.4409.

• Multiple reports about a possible security breach on the Crypto.com ecosystem surfaced on January 17, 2022. The platform acted accordingly by temporarily suspending withdrawals pending investigation.
• The price history of Cronos (formerly Crypto.com Coin) from 2023 to the present shows significant fluctuations.
• Starting in January 2023, the price of Cronos was relatively stable but began to steepen by late February, peaking around mid-March at approximately $0.80.
• This peak was followed by a sharp decline, during which the price dropped dramatically, settling back to lower levels by April 2023.
• Over the following months, the price stabilized somewhat but maintained a general downtrend. By mid-2023, it was trading at around $0.20 and continued to oscillate around this range, with slight ups and downs.
• Entering 2024, the price has shown a modest recovery but remains well below its early 2023 high, trading around $0.10 as of the latest data point.