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CRO Price Prediction 2023: Will CRO Continue to Pump?

01/19/2023
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The price of Cronos (CRO), the native token of the Crypto.com cryptocurrency exchange, has risen to a monthly high of $0.08299 in the past 24 hours, despite concerns that the exchange is facing difficulties after announcing the layoffs of 20% of its workforce on Friday. Despite this, the value of CRO has increased by 9.56% to $0.08024 at the time of reporting.

Cronos (CRO) Token

CRO is the token used on the Crypto.com platform. It offers trading, payments, and financial services. Holders of CRO coins have access to benefits such as reduced fees, higher loan earnings, and priority services. 

Furthermore, cardholders with CRO can also enjoy perks such as airport lounge access and awards. Additionally, the platform operates its own blockchain, utilizing CRO as a cross-asset intermediary settlement layer among other perks.

Cronos Coin has experienced significant growth in the cryptocurrency market since its launch. The initial investors in CRO Coin had a fantastic return in 2021. The future of CRO Coin is promising, given the token’s restricted availability and the community’s backing. In November 2021, the CRO Coin price surged to an all-time high (ATH) of $0.9698.

The CRO Coin is strong because it has a practical use case. According to our prediction, CRO coin prices will rise over the next ten years and approach $20 by the end of this decade. CRO Coin’s performance is growing slowly, as are all cryptocurrencies. There is a good chance that CRO Coin may regain its position this month.

Cronos (CRO) Price Analysis: Key Points

With a market capitalization of $1,973,077,633, Cronos’s price currently sits at $0.0802 at press time, with $55,673,727 in trading volume during the past 24 hours. There are 30,263,013,692.0 CRO coins, and there are currently 25 billion Cronos (CRO) in circulation. The cost of CRO has typically been constant, with slight fluctuation or instability. 

(CRO) Price Prediction 2023: Will CRO Continue to Pump

Based on the daily chart above, the price gains ground after hitting its deepest level at 0.0547. A confirmation is evident on the moving average crossover, after which the price shot up to $0.0893. The monthly high of $0.0893 can be surpassed if the upward trend in the Cronos market continues. 

Furthermore, investor confidence in Cronos’ performance could increase its price and liquidity. If the rising trend persists, the following possible resistance levels might be $0.1053 and $0.13.

On the other hand, if the market trend reverses, the price may retrace to the $0.0727 support level.

CRO Price Prediction

The increase in cryptocurrency assets may be sluggish in 2023. However, based on our analysis, CRO may reach $0.12 by Q4 of 2023. CRO Coin can cost as much as $0.088 on average. Additionally, the minimum price of a Cronos Coin can drop as low as $0.064 if there is a bearish trend. The value of CRO Coin could increase faster than we predicted if there is a bull market rise.

Cronos has seen significant growth in recent times, thanks partly to the backing of a high-performing exchange, Crypto.com. Cryptocurrencies that have practical uses, such as CRO Coin, are often considered to be strong investments for the long term. According to price analysis, investing in CRO Coin may be a wise decision in the long run.

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Source: https://insidebitcoins.com/news/cro-price-prediction-2023-will-cro-continue-to-pump