Cronos (CRO) Price Prediction 2023-2030: Will CRO Price Hit $0.2 Soon?

• Bullish Cronos (CRO) price prediction ranges from $0.05 to $0.2.
• Analysis suggests that the Cronos price might reach above $0.176.
• The Cronos bearish market price prediction for 2023 is $0.049.

Cronos (CRO) is the native token of the cryptocurrency exchange Crypto.com. It was formally an Ethereum ERC-20 token before it migrated to its blockchain. CRO has gained 4.2% in the past 1 year.

CRO investors are bullish on the token since it has had a return on investment (ROI) of over 11.6 times in the past 3 years. CRO attained its present all-time high (ATH) of $0.9698 in November 2021. Irrespective of the recent crypto winter, CRO investors are positive about its future.

If you are interested in the future of Cronos (CRO) and would want to know the price analysis and price prediction of CRO for 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.

Cronos (CRO) Market Overview

What is Cronos (CRO)?

Cronos (CRO) is the native cryptocurrency token of Cronos Chain. The Cronos Chain which was developed by the Crypto.com payment trading and financial services company is an open-source blockchain that is decentralized. 

Cronos was designed to support the creator economy with Web3 applications such as DeFi and GameFi, ultimately serving as the foundational infrastructure for an open metaverse.

Cronos is fast, cost-effective, and frictionless. It aims to attain high transaction throughput (from hundreds to thousands of transactions per second), fast transaction finality (5–6 seconds), and low transaction fees (from one cent to a few dimes). 

Its Proof of Authority (POA) consensus mechanism combines decentralization with streamlined, scalable, and environment-friendly transaction processing.

Analysts’ Views on Cronos (CRO)

A crypto specialist who always kept on predicting the crypto market price changes, Rafaela Rigo mentioned that in the next bull run, Cronos would go up to 20x. 

Another Cronos enthusiastic mentioned that even in the bear market, we could observe Cronos pumps and some doubters on Cronos before are now regretting. 

Cronos (CRO) Current Market Status

The maximum supply of Cronos (CRO) is 30,263,013,692 CRO, while its circulating supply is 25,263,013,692 CRO, according to CoinMarketCap. At the time of writing, Cronos is trading at $0.07964 representing 24 hours increase of 5.63%. The trading volume of Cronos in the past 24 hours is $42,878,994 which represents a 145% increase.

Some top cryptocurrency exchanges for trading Cronos are Bittrex, OKEx, Huobi Global, and Coinbase.

Now that you know Cronos and its current market status, we shall discuss the price analysis of  Cronos (CRO) for 2023.

Cronos (CRO) Price Analysis 2023

Will the Cronos blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect CRO’s sentiment over time? Read more to find out about Cronos’s 2023 price analysis.

Cronos (CRO) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility.

The sections highlighted by red rectangles in the chart above show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. The green rectangle on the right shows how CRO kept rising while continuously touching the upper band (overbought).  

Currently, CRO buyers seem to have been exhausted as there is a red candlestick being formed. As such, there is a possibility that CRO could retrace and start to descend in the near future. Moreover, the gaping Bollinger bands could also shrink if the volatility for CRO reduces.

The Bollinger band super trend indicator shows the green patches as the uptrend while the red patches are the downtrend. Currently, CRO is on an uptrend and it may continue to rise if the demand for CRO is still high. However, the Bollinger band width percentile reads a value of 100% which means that the bands have expanded to the maximum, hence, they could shrink at any given instance. 

Cronos (CRO) Price Analysis – Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

Usually, when the RSI is above the Signal line – a Simple Moving Average, then, the cryptocurrency is considered to be bullish. On the other hand, during times when the RSI is below the Signal line, the crypto is bearish as it is performing below par. Currently, the RSI reads a value of 91.55 and the line seems to be heading downwards. As such, there is a high chance the RSI value will fall back into the normal range of motion.

Cronos (CRO) Price Analysis – Accumulation and Distribution Line 

The Accumulation and Distribution Line (ADL) is an indicator that relies upon the price and the volume of the cryptocurrency to find out how strong the current trend is. Generally, if there is a price rise then the ADL should also rise along with the price. 

When the preceding happens, there is assurance that the price rise is supported by volume. However, when the ADL falls while the price rises, then, it shows that the price change is not supported by volume and the trend is weak. 

The above chart shows that the Accumulation of CRO has been reducing since May. However, currently, the Accumulation/Distribution Line (ADL) seems to be rising with the increasing value of CRO. Nonetheless, the same magnitude of the increase in price for CRO is not seen in the increase of the ADL. This shows that the increase in CRO price has not been supported by volumes.   

Moreover, the ADL line could also be used to find out the divergence in prices. For instance, when the cryptocurrency makes a higher high, the ADL should also make a higher high. Nonetheless, when ADL makes a lower high when the crypto makes a higher high, then, this is a bearish divergence.

Cronos (CRO) Price Prediction 2023-2030 Overview

Cronos (CRO) Price Prediction 2023

The above chart shows that CRO has broken out from a falling wedge. It is currently on the rise and it has spiked by the height of the wedge at the initial stages of formation. Moreover, CRO has also touched the upper Bollinger band, hence, the market could correct the prices. Given the above scenario is established, there is a high chance that CRO could reach out for support at the $0.067 support level. If support is denied at the above-mentioned level, then, CRO could look for support at $0.049.    

However, this could be a reciprocation of the spike that happened in 2020 as highlighted in the chart above. If CRO reciprocates its behavior in 2020 just before the BTC halving, then, there is a high chance that CRO could reach $0.135. As $0.135 is quite weak, the token could further rise and hit $0.176. 

Cronos (CRO) Price Prediction – Resistance and Support Levels

When looking at the chart above, we can see that CRO was gaining value during the beginning of 2023. CRO rose above the 1:4 Gann line which is considered bullish. However, after nearly touching $0.09 the token started to crash. As shown by the darkened arc, CRO fell just below the 2:1 Gann line. Although it tried to go through a consolidation phase, the bears were very dominant and did not let the bulls off the hook.  This fall continued from February to September. 

Currently, the bulls have seized power over the market and CRO is running rampant. It spiked exponentially from as low as $0.049 to $0.08 in quick succession. As CRO has been encountered by bears, it may seek support from the 3:1 Gann line.  

Cronos (CRO) Price Prediction 2024 

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum Cronos based on the previous halving. Hence, we could expect CRO to trade at a price, not below $0.2305 by the end of 2024.

Cronos (CRO) Price Prediction 2025

Cronos may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, CRO will continue to rise in 2025 forming new resistance levels. It is expected that CRO would trade beyond the $0.7330 level.

Cronos (CRO) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, CRO could tumble into its support regions. During this period of price correction, CRO could lose momentum and be way below its 2025 price. As such it could be trading at $0.1059 by 2026. 

Cronos (CRO) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in CRO. As such we could expect CRO to trade at around $0.0324 by the end of 2027. 

Cronos (CRO) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, CRO may reciprocate its past behavior during the BTC halving. Hence, Cronos would be trading at $0.1517 after experiencing a considerable surge by the end of 2028. 

Cronos (CRO) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment, CRO could be trading at $0.9550 by the end of 2029.

Cronos (CRO) Price Prediction 2030

After witnessing a bullish run in the market, CRO and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, CRO could be trading at $0.5788.

Cronos (CRO) Price Prediction 2040

The long-term forecast for CRO indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then CRO could fall in value. It is expected that the average price of CRO could reach $1.1107 by 2040.

Cronos (CRO) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, CRO could hit $1.6568.

Conclusion

If investors continue showing their interest in CRO and add these tokens to their portfolio, it could continue to rise. CRO’s bullish price prediction shows that it could reach the $0.176 level. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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