The year 2020 was favourable for cryptocurrencies. While the rest of the world’s economy contracted, the values of most cryptocurrencies climbed or remained within the range. However, the year 2021 appears to be extremely bright in the crypto realm. Meanwhile, some coins could not escape the volatility of the crypto market. As a result, many cryptocurrency traders are unsure whether it is time to sell or wait for a decent price. This may not be the case with CRO, which continues to be on an uptrend.
On March 25, 2021, Crypto.com (CRO) launched its mainnet. CRO performed the greatest token burn in history, removing 70 billion CRO from the entire supply. Furthermore, on February 22, 2021, 59.6 billion CRO had already been consumed. In fact, the price of CRO reached an all-time high of $0.52 in November.
Nonetheless, the crypto market has been going sideways recently, with most cryptos erasing their prior gains. Is the circumstance the same as the CRO price? In this CRO price prediction article, we’ll find out soon. But first, let’s define what a CRO is.
What is Crypto.com (CRO)?
Crypto.com ‘s native token is the CRO token. To increase mainstream cryptocurrency adoption, the CRO, an ERC20 token on the Ethereum blockchain, grants users access to a variety of tiered perks within the Crypto ecosystem.Crypto.com will let customers purchase and sell using fiat currencies and debit cards, as well as trade, lend and borrow. It also comes with its own non-custodial wallet.
Crypto.com Coin (CRO) is the native cryptocurrency token of the Crypto.com Chain, a decentralised, open-source blockchain built by the Crypto.com payment, trading, and financial services organisation.
The total number of CRO coins available is restricted to 30 billion. This follows the burning of 70 billion CRO tokens, the greatest such burn-in crypto history. Another 10.4 billion are locked in smart contracts and will be released each month.
The supply of CRO has been apportioned, with 20% set aside for capital, 20% set aside for the network’s long-term incentives, 10% set aside for community development, and 20% set aside for ecosystem grants. The remaining 30% will be provided daily over five years for secondary distribution and launch incentives.
Current Market Situation for Crypto.com (CRO)
CRO is now trading at $0.42 with a 24-hour trading volume of $473,677,457 as of the time of writing this Crypto.com (CRO) price report. CRO’s price has risen by 1.87 percent in the previous 24 hours.
Furthermore, the current circulating supply of CRO is 25.26 billion CRO. OKEx, CoinTiger, Huobi Global, FTX, and Upbit are currently the major cryptocurrency exchanges for CRO. Let’s go on to the next section of our CRO price prediction for 2022.
CRO Price Forecast 2021
CRO currently ranks at the 20th position on CoinMarketCap. If we look at the monthly charts for CRO, we can see that it transitioned from a bear to a bull trend at the beginning of this month. This indicates that a large volume of transactions happened during that time period. Furthermore, CRO displayed an ascending scallop pattern in the daily time period.
This pattern is followed by an uptrend position. However, it might shift and move into a downtrend position in rare circumstances. Furthermore, the creation of the pattern in the chart above took a month.
We can also see from the same graph that CRO reversed its bear-to-bull pattern at the start of this year. This demonstrates the huge transaction volume that occurred during that time period. The Relative Strength Index (RSI) is at 70.51, indicating that CRO is overbought.
As a result, traders must trade prudently and avoid being swayed by market hype. With this in mind, traders must exercise caution while investing to prevent incurring unexpected losses as a result of the crypto market’s violent fluctuations.
Since the beginning of 2021, CRO’s price has undergone several positive movements that are greater than the preceding one. Furthermore, these are immediately followed by volatility, consolidation, and corrections. Taking this into account, CRO will have a competitive market in 2021.
CRO Price Prediction 2022
If the current upward trend continues, CRO will be worth $3 by the end of 2022. Furthermore, the first half of 2022 will see rapid growth of up to $3.5 billion. The growth will thereafter moderate, but no significant drops are forecast. With planned collaborations and advances, reaching $3.5 is fairly ambitious in terms of pricing, but it is undeniably doable in the near future.
CRO Price prediction 2023
The price of CRO can reach high heights, but it is unlikely to exceed $5. Furthermore, this is only conceivable if the market maintains its positive trajectory. Furthermore, only if the cryptocurrency CRO surpasses the psychological resistance level will it be considered successful.
CRO Price prediction 2025
CRO costs might reach $25 in the next three years. However, achieving this level may not be as tough for CRO as a new medium, short-term, or long-term price objective for purchase or sell orders may be discovered. According to the prediction, CRO has a strong probability of attaining a new ATH during the next five years.
CRO Price prediction 2030
According to the CRO price prediction and technical analysis, the CRO price is anticipated to cross an average price level of $30.79 in 2030, with a minimum price value of $29.43 before the end of the current year. Furthermore, CRO has a maximum price level of $32.97.
Conclusion
CRO has a promising future from 2022 until 2030. With continued advances inside the CRO ecosystem and the broader crypto market, we may see CRO reach new heights. Meanwhile, our long-term CRO price prediction for 2022 is positive. Furthermore, it has a good probability of exceeding $2 and may approach $3 this year. However, this will only happen if it overcomes a number of psychological barriers.
As previously said, CRO may even reach $3 if investors determine that CRO, along with popular cryptocurrencies such as Bitcoin and Ethereum, is a solid investment in 2022.
Also read: MANA Price Prediction: What Does The Future Holds for MANA?
