It’s extremely unlikely for CRO to reach $100. With a circulating supply of nearly 26.6 billion, a price of $100 would mean that the coin’s total market cap would exceed $2.66 trillion, which is very hard to imagine.
In this article, we’ll explain why Cronos will likely never reach $100, and we’ll briefly go over our price prediction algorithm to see where CRO could be headed in the short term.
Key highlights:
- Despite CRO being a popular cryptocurrency with a dedicated community, Cronos reaching $100 seems incredibly unlikely.
- At a price of $100 per coin, Cronos would exceed a market cap of $2.66 trillion, which would greatly exceed the market caps of all other cryptocurrencies.
- Not only is it improbable for Cronos to reach $100, a future price increase beyond $1 or $2 also seems unlikely.
Cronos reached its all-time high in November 2021, when it peaked at a price of $0.96 and a market capitalization of approximately $23 billion. There are a lot of community members who believe that Cronos has a bright future ahead, with some of them believing that it could even reach $100 per coin. But is it really feasible for Cronos to achieve such a milestone at some point in the future?
In this article, we’ll compare the market cap of Cronos with other cryptocurrencies as well as with some of the world’s largest companies to better understand what CRO at $100 would mean.
Will Cronos reach $100?
Cronos is very unlikely to reach $100, and that’s probably an understatement. While CRO is predicted to gain 77% and reach as high as $0.128 in the next 12 months, that is a mere drop in the bucket compared to the astronomical 137,074% gain the coin would have to do to reach $100.
CRO is a token that provides benefits to holders trading on the Crypto.com exchange, so a sound comparison would be to pit it against Binance Coin, the token created by the most popular crypto exchange, Binance. BNB currently commands a market cap of over $83 billion, so it’s safe to say that Cronos has its work cut out for it if it’s going to beat the Binance token.
With its current circulating supply of 26.6 billion coins, CRO would eclipse BNB Coin’s current market cap by nearly 30 times if it were to reach $100.
| CRO price | Projected market cap* |
|---|---|
| $5 | $133 billion |
| $10 | $266 billion |
| $50 | $1.33 trillion |
| $100 | $2.66 trillion |
*Market cap calculations assume a supply of 26.6 billion CRO
When you consider that Crypto.com has a daily trading volume of $5.13 billion and the Binance exchange has a volume of $16.23 billion, it’s clear that CRO’s adoption is not reflected in Crypto.com’s status as the 3rd biggest crypto exchange in the world.
However, it should be noted that this was the case at CRO’s peak when it was ranked just outside the top 10 cryptocurrencies. One of the reasons for CRO’s price crash was the fact that the Crypto.com platform decided to significantly reduce their staking rewards, which led to a lot of people hastily selling their CRO tokens. The price of Cronos dropped nearly 30% after the news and it never fully recovered since.
That being said, if CRO were to reach $100, it would boast a market cap of $2.66 trillion, nearly equal to the peak total cryptocurrency market cap in November 2021, which peaked at around $3 trillion. As such, it would also be worth more than Alphabet Inc., the 4th largest company in the world by market cap.
Just by making these comparisons alone and considering the crash of the CRO token, we can see that reaching $100 for CRO is an insurmountable task. Its price would also have to increase by 1,370x from its current price to reach $100, a task that seems very unlikely for an asset that already commands a nearly $2 billion market cap.
Likely the only way for Cronos to reach $100 would be through reducing the currency’s supply via token burning. CRO does have burning mechanisms in place – Crypto.com famously burned 70% of the CRO supply in February 2021, going from 100 billion to 30 billion. While this does set a precedent for potential future CRO token burns, only 50 million coins have been burned since February 2021, which barely made a dent in the token’s total supply.
Can Cronos reach $10?
If Cronos manages to reach $10, that would place it close to Ethereum and above Tether in terms of market cap, commanding a $266 billion market cap. As such, CRO reaching $10 seems unlikely, unless there is another huge token burn, like the one in February 2021.
What are the future prospects for Cronos?
Even if we think that reaching $100 is nearly impossible for CRO, that doesn’t mean that its price couldn’t potentially increase in the future. The most likely contributors to CRO’s future growth would be the adoption of the Cronos blockchain and the popularity of the Crypto.com exchange, which is where CRO tokens can be used. For now, Crypto.com is the 3rd biggest cryptocurrency exchange, but that doesn’t paint the full picture. In January 2023, the platform was forced to lay off 20% of its staff, as demand for cryptocurrency dried up in the bear market.
Cronos’ current biggest strength appears to be its Cronos Accelerator program, which aims to onboard projects to the Cronos blockchain, with a fund of $100 million set up to provide funding to projects built on the Cronos blockchain. However, the platform isn’t particularly innovative from a technological standpoint. As such, Cronos will need a more unique offering to stay a relevant blockchain platform.
Cronos price prediction for 2024 & 2025
The CRO price prediction on CoinCodex predicts a somewhat bullish year for Cronos, predicting the price will increase up to $0.32, and then start falling down again, ending 2025 at $0.17. While this isn’t a massive increase, it would still be a nearly 100% increase from the current price.
To explore long-term scenarios for Cronos, see our article detailing the Cronos price predictions for 2040 and 2050.
The bottom line
We’ve demonstrated that is very unlikely to reach $100, as that would mean it would have a market cap of $2.66 trillion. As it stands, we haven’t seen nearly enough adoption or potential from Cronos to even speculate about it reaching such heights.
So, how high can Cronos go? Frankly, it doesn’t have too much going for it at the moment. Sure, it’s used to provide rewards by the 3rd biggest exchange in the world, but the majority of users seem to have lost the trust they once held in the Crypto.com exchange due to them reducing and later revamping their staking rewards out of the blue.
Unless the Cronos blockchain somehow sees widespread adoption and Crypto.com brings in more functionality for CRO, it’s not very likely that the token will see major price increases in the future.
To see cryptocurrencies that do hold a ton of potential, here is an article covering the next cryptocurrencies to explode in value.
Source: https://coincodex.com/article/52752/will-cro-coin-reach-100/