Crypto news: Dogecoin, Cardano and Cronos

Since March, there hasn’t been much movement in the crypto markets: let’s see how Dogecoin, Cardano and Cronos have been performing.

However, there are still some price trends worth examining. 

Crypto focus on Dogecoin, Cardano and Cronos

This time we focus on Dogecoin’s DOGE, Cardano’s ADA and Cronos’ CRO. 

Dogecoin’s Price Trend: A Comparison with the Two Cryptos Cardano (ADA) and Cronos (CRO)

Dogecoin remains in the top 10 of the largest cryptocurrencies by market capitalization, ahead of Solana’s SOL, even though there has been no major news in this regard for some time. 

Indeed, it is no coincidence that it has not made any significant gains so far in 2023, having started the year at around $0.070 and is now only at $0.072. 

On the contrary, since 21 April it has accumulated a small loss, having reached $0.092 the day before. 

The high for the year 2023 remains at $0.1 on 4 April, which is still far from the all-time high of $0.73 reached on 8 May 2021. 

To date, it has lost 28% from its annual high and as much as 90% from its all-time high. 

However, it should be noted that it was below $0.003 at the end of 2020, before the last major bull run began, so the current level is still well above pre-bubble levels. 

However, the main boom did not happen until April 2021, and before that incredible spike, the price was just under $0.06. 

So while the current price is higher than the pre-bubble price, it is only slightly higher than before the big spike in 2021. Note, however, that in June 2022, after the implosion of the Earth/Moon ecosystem and the collapse of Celsius, it was back below $0.06, so it has not only recovered all its losses since then, but also gained a little. 

However, this recovery already took place in the second half of 2022, as the current price level is not much higher than at the beginning of 2023. 

It remains a cryptocurrency with a fairly volatile value, which can attract the attention of speculators, especially non-professionals.

The performance of Cardano

The situation is different for ADA, the native cryptocurrency of Cardano, which has gained 44% since the beginning of the year. 

The 2023 high for the year was reached in mid-April at $0.44, while the price has now fallen slightly to $0.36. 

This is higher than the $0.25 at the end of 2022, but it has to be said that this was last year’s low. 

So if DOGE’s rebound came in the second half of 2022, 2022 was a very bad year for ADA, followed by a decent rebound in 2023. It should be noted, however, that in this 2023, BTC has so far gained 65% and ETH 52%. 

As for Cardano, the current price is also significantly higher than the pre-bubble price at the end of 2020, when it did not exceed $0.2, but the accumulated gain since then is less than that of DOGE. 

And even for ADA, the peak in 2021 was resoundingly high, reaching $3.1 in September two years ago. Compared to then, the current price is 88% lower, which is more or less in line with DOGE’s -90%. 

However, when it comes to analysing the price of Cardano, there is another interesting element, namely the fact that the peak of the previous cycle, reached in early January 2018, was at a level significantly higher than the current one. In fact, for a very brief moment it managed to exceed $1, so much so that it is still down 64% since then. 

Cardano is therefore proving to be a cryptocurrency with a decidedly volatile price in the long term, with big jumps followed by very deep bear markets. 

In addition, it does not seem to perform particularly well in the medium to long term, so much so that the current price, for example, is still well below the $0.45 of June 2022.

The Cronos price trend

The situation is even worse for Crypto.com‘s CRO. 

For starters, it has fallen to 33rd place overall among the cryptocurrencies with the largest market cap, and in 2023 so far it is up a paltry +13%. 

However, the really big problem was in 2022, when it fell to as low as $0.055 after hitting an all-time high of $0.97 in November 2021. In fact, it has still lost 93.5% since then. 

The comparison is even more brutal if we look at it from a year ago. 

After the implosion of the Earth/Moon ecosystem, it fell to $0.170, and after the collapse of Celsius, it fell again to $0.106. The current price is less than half of what it was in late May 2022, and not much more than half of what it was in June. 

In fact, when FTX went bankrupt in November, there was a real collapse, with a loss of 47% in less than a week.

Not only has this collapse not been reversed, as it started at $0.124, but it has not even fully recovered to the post-collapse level of mid-November, when it fell to $0.065. In fact, it fell further between the end of November and December, by a further -15%, and virtually only this latest collapse has been recovered by the rally in 2023. 

This is a bit surprising, as the fears of major crypto exchange risks seem to have been behind us for several weeks, if not months. In other words, it is strange that the price has not yet returned to pre-FTX bust levels, or at least to the lows of the first half of 2022 ($0.1).