Some courses were particularly affected by the fall in prices at the beginning of November. After crypto exchange FTX went bankrupt, the majority of crypto prices fell. Including the Crypto.com platform corner. It clearly suffered from the caution of traders and, last but not least, from the great fears that the stock market could collapse next. What’s next for digital currency?
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CRO Price Stops Its Downtrend, Volatility Remains
The price of a Cronos coin fell by 43.52% during the price crash triggered by the FTX crisis. It reached a new low of $0.05 on November 14.
Today, it stands at $0.066, having fallen another more than 6% in the past 24 hours. The market cap of the exchange coin is valued at $1.6 billion. Trading volume fell 38 percentage points to $71 million.
However, the price is no longer in a bearish movement, as revealed by the weekly report. The price drop has already been broken several times over the past seven days. The price rose a meager 2% in one week. Nevertheless, the coin has failed to hold steady so far. What could happen now with the crypto from the Crypto.com exchange?
CRO price prediction based on bitcoin
If you compare the current price with bitcoin’s movements, a similar picture emerges. The value of BTC has increased by 3.26% over the past seven days. The trading volume and market capitalization of the leading cryptocurrency also show only a weak picture at the moment.
If you are making a forecast for an altcoin, you can do so based on bitcoin’s performance, among other things. There has always been an upward trend in December in recent years. Assuming that this is also the case this year, the price of Bitcoin could increase by 5-10%.
If Cronos stuck to Bitcoin price, it could mimic a positive price move here. In December, this could translate to a CRO price between $0.063 and $0.072.
Chronos – fundamental analysis
The Cronos token has a few factors that could significantly affect the price in the future. First, the entire crypto market and trading demand must be considered. Over the past year, the number of users within the crypto scene has exploded. The CRO Coin also benefited.
Moreover, there is already a large community behind the cryptocurrency. Another factor that could increase the price in the future is the advancement of the platform. The developers are constantly working to develop and improve the trading application. This could increase the number of users in the future.
Certain characteristics of the Cronos token therefore suggest that it could recover from the price drop in the coming months.
One should never forget: if Crypto.com is really in trouble, either due to liquidity issues or even if SHIB suddenly loses value, then you can forget about the CRO token. After all, its price is directly related to the performance of the exchange. And that has an extraordinarily high share of the coin even as reserves: a clear risk factor.
1 hour ago https://t.co/INIxikglp6 transferred 1.8T $SHIB($16M) to #binance.
According to a previous analysis, https://t.co/INIxikglp6 holds 58T $SHIB($531 million), representing close to 20% of total assets.
So now he’s gonna sell some of $SHIB?https://t.co/FmCqwE2A4e pic.twitter.com/TLgPbc5t0N
— Lookonchain (@lookonchain) November 29, 2022
Cronos Price: That’s what the experts say
Analysts and crypto experts also assume that the price of CRO will rise again in the future. Bitnation.com made a forecast based on technical analysis.
This gave the following possible values:
| Year | Minimum price | Average price | Max price |
| 2023 | $0.146396 | $0.166359 | $0.186322 |
| 2024 | $0.212939 | $0.232902 | $0.252866 |
| 2025 | $0.279483 | $0.299446 | $0.319409 |
| 2026 | $0.346027 | $0.36599 | $0.385953 |
| 2027 | $0.41257 | $0.432533 | $0.452496 |
| 2028 | $0.479114 | $0.499077 | $0.51904 |
| 2029 | $0.545657 | $0.56562 | $0.585583 |
| 2030 | $0.612201 | $0.632164 | $0.652127 |
Technewsleader.com analysts also assume that the price will rise. They see the coin growing much faster than the experts at Bitnation.com.
They see the price of the cryptocurrency between $0.37 and $0.43 in 2025. Two years later, in 2027, it could then be between $0.077 and $0.93.
They further predict that the price will be around $2.80 in 2030.
The Cronos token: facts and figures
Compared to other well-known cryptocurrencies, the CRO token offers unique application functionality. The decentralized platform focuses on particularly fair and efficient transactions. Here, users have the opportunity to create content and applications themselves. With this, the team wants to advance cryptocurrency creativity and innovations.
The token is based on the Ethereum Blockchain. It can be used in the network for transactions. CRO coins are paid to pay transaction fees.
The ERC 20 token is the native cryptocurrency of the Crypto.com platform. Payment and trading options are offered on the decentralized open source blockchain. The site was released in 2018. The developers plan to further increase the range in the future.
Conclusion – many factors indicate that the price will increase
Despite the potential of the CRO token, investors should be aware that there are many risks associated with investing in this token. The crypto market is very volatile and unpredictable, which makes it difficult to predict when prices will go up or down.
As the recent meltdowns of major crypto exchanges have shown, no business is immune to financial difficulties that can impact the value of cryptocurrencies.
Like the majority of crypto courses, CRO has also suffered a major price crash, but many crypto experts along with cryptocurrency fundamentals suggest that the price will rise again soon.
The problem remains the unclear situation in the crypto market. After the collapse of major crypto exchanges, the stability of Crypto.com is still unclear. If the next insolvency threatens here, CRO is doomed.
For this reason, investors should approach investing in CROs with caution and do their own research before making any decisions.