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Cronos Price Prediction : Can CRO Crypto Reach $1 by 2029?

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Cronos Price Prediction : Can CRO Crypto Reach $1 by 2029?
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Cronos (CRO) is a decentralized and open source blockchain which was developed by Crypto(dot)com. It is a company that provides payment, trading and financial services based on blockchain technology. 

CRO is used to power the crypto.com pay app, which allows users to pay in crypto and receive cash back. It is also used to bet on the Crypto(dot)com chain, a decentralized network that processes transactions and rewards verifiers. 

Moreover, users may enjoy and reward by placing CRO bets on the crypto.com app, exchange or visa card. CRO is part of crypto.com’s vision to empower users to take control of their money, data and identity. 

Cronos Price Prediction : Can CRO Crypto Reach $1 by 2029?
Source: CoinMarketCap

Cronos Price Technical Analysis

The Cronos crypto price analysis over the daily chart demonstrates a short term correction phase. The price forms an ascending triangle pattern over the daily chart. The correction has been over seven weeks which may trigger a sharp breakout or breakdown on either side.

The breakout above the recent supply level of $0.109 may initiate a bullish rally and the price may show short term gains. Moreover, the breakdown below the lower trendline support may drag the price to the lower support levels.

The volume analysis shows that the 24-hour trading volume was $38.180 Million with a 145.18% rise as compared to yesterday. This live market cap is $2.42 Billion and it ranks 36th among the top cryptos. The volume-to-market cap ratio is 0.86%, highlighting very low volatility.

Cronos Price Prediction January 2024

Cronos Price Prediction : Can CRO Crypto Reach $1 by 2029?
Source: CRO/USD by TradingView

The trend analysis shows that the CRO crypto exhibits a long term optimistic trend which the price may resume after breakout. The analysts have a wide range of price predictions for January 2024. The most optimistic view of analysts hope that the price could reach a high of 0.1134 by the month end. Whereas the pessimistic price target lies near $0.081. 

Cronos Price Prediction 2024

According to our analysts, the most optimistic view of analysts estimates an upside potential of 66.11%. The price of the Cronos token could reach up to $0.165 by the end of 2024. The pessimistic view of analysts is that it could attain the $0.138 mark.

Cronos Price Prediction 2025

The most optimistic note of the price prediction for the year 2025 shows that CRO price could lead to a high of $0.253. However, the pessimistic view of analysts expects the price to reach $0.191. 

Cronos Price Prediction 2026

The CRO crypto price may reach a high of $0.312 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $0.241 by 2026.

Cronos Price Prediction 2027

As per the precise prediction of our analysts for the year 2027, the CRO crypto price could show a highest value of $0.423. Whereas the lowest value up to which the price could advance is $0.319.

Cronos Price Prediction 2028

By the next four years the most optimistic price that the Cronos investors may target is $0.511. On the contrary the lowest price target that the CRO crypto may show is $0.404.

Cronos Price Prediction 2029

CRO crypto price could advance to a high of $0.592 signifying a maximum upside potential of 553.2% by the end of year 2029. The lowest price that the Cronos crypto could achieve is $0.482. 

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

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