Cronos (CRO) Price Prediction 2023 – Will CRO Hit $0.3 Soon?

• Bullish Cronos price prediction is $0.0873 to $0.2140.
• Cronos (CRO) price might also reach $0.3 soon.
• Bearish Cronos  price prediction for 2023 is $0.0545.

In Cronos (CRO) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about Cronos to analyze the future movement of the cryptocurrency.

Cronos (CRO) Current Market Status

What is Cronos (CRO)?

Cronos (CRO) is the native cryptocurrency of Cronos, the native blockchain of the Crypto.com exchange.  Cronos is an open-source EVM-compatible blockchain built on Cosmos SDK. It utilizes the proof-of-stake (PoS) consensus. 

Cronos blockchain supports the bridging of dApps and smart contracts of Ethereum and other blockchains to the Cosmos ecosystem via its inter-blockchain communication (IBC) protocols. Crypto.org, formerly known as the Monaco technology firm, deployed the Monaco Coin (MCO) as the utility token. In 2018, the network launched the Cronos (CRO). CRO is primarily used as the utility token within the Crypto.com exchange. Users use these tokens in staking, governance, and in-exchange services. Cronos (CRO) existed formerly as the Crypto.com Coin (CRO). Later in February 2021, the token was renamed Cronos (CRO).

Cronos (CRO) Price Prediction 2023

Cronos (CRO) holds the 34th  position on CoinGecko right now. Cronos price prediction 2022 is explained below with a daily time frame.

The above chart of CRO laid out a horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.

Currently, Cronos (CRO) is in the range of $0.0858. If the pattern continues, the price of Cronos  might reach the resistance levels of $0.0873 and $0.1416. If the trend reverses, then the price of Cronos may fall to $0.0692 and $0.0551.

Cronos (CRO) Support and Resistance Levels

The chart below shows the support and resistance levels of Cronos (CRO).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Cronos (CRO). 

The charts show that Cronos  has performed a bullish trend over the past month. If this trend continues, Cronos might run along with the bulls overtaking its resistance level at  $0.2140.

Accordingly, if the investors turn against crypto, the price of Cronos might plummet to almost $0.0545, a bearish signal.

Cronos (CRO) Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Cronos is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of Cronos lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of Cronos is shown in the chart above. Notably,  Cronos price lies above 50 MA (short-term), so it is  in an uptrend. Currently, Cronos has entered a bullish state. Therefore, there is a possibility of a reversal trend of Cronos at any time.

Meanwhile, the relative strength index (RSI) of the Cronos is 61.08. This means that Cronos is in an overbought state. However, this means a major price reversal of Cronos may occur in the upcoming days. So, traders need to trade carefully. 

Cronos (CRO) Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Cronos. It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Cronos (CRO). Currently, the ADX of Cronos lies in the range of 21.3996 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Cronos (CRO). RVI measures the constant deviation of price changes over a period of time. The RVI of Cronos lies below 50, indicating low volatility. In fact, the RSI of Cronos (CRO) is at 61.08 thus confirming a potential sell signal.

Comparison of Cronos with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Cronos (CRO).

From the above chart, it can be interpreted that ETH, BTC, and CRO are moving in a similar trend. This indicates that when the price of BTC and ETH  increases or decreases, the price of CRO also increases or decreases respectively.

Cronos (CRO) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Cronos (CRO) between 2024 and 2030.

Cronos (CRO) Price Prediction 2024

If the declining price action completely slows down in momentum and the trend reverses,  Cronos (CRO) might probably attain $0.5 by 2024.

Cronos (CRO) Price Prediction 2025

With several upgrades in the network, Cronos (CRO) might enter a bullish trajectory. If the coin grabs the attention of major investors, Cronos might rally to hit $2 by 2025. 

Cronos (CRO) Price Prediction 2026

If Cronos (CRO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, Cronos would rally to hit $4

Cronos (CRO) Price Prediction 2027

If Cronos (CRO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, Cronos would rally to hit $6

Cronos (CRO) Price Prediction 2028

If Cronos (CRO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, Cronos would rally to hit $8

Cronos (CRO) Price Prediction 2029

If Cronos (CRO) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, Cronos would hit $10 in 2029.

Cronos (CRO) Price Prediction 2030

If investors flock in and continue to place their bets on Cronos (CRO), it would witness major spikes. Cronos might hit $12 by 2030.

Conclusion

With continuous improvements in the Cronos network, we can say that 2023 is a good year for Cronos. For this reason, the bullish price prediction of Cronos (CRO) in 2023 is $0.2140 On the other hand,  the bearish price prediction of Cronos (CRO) price prediction for 2023 is $0.0545.

Furthermore, with the advancements and upgrades to the Cronos ecosystem, the performance of Cronos would help to reach above its current all-time high (ATH) of $0.965407 very soon. But, it might also reach $0.3  if the investors believe that Cronos is a good investment in 2023.

FAQ

1. What is Cronos (CRO)?

Cronos (CRO) is the utility token of Cronos, the native blockchain of the crypto exchange, Crypto.com. CRO was initially launched as an ERC-20 token and later migrated to Cronos in November 2021.

2. Where can you purchase Cronos (CRO)?

Cronos (CRO) has been listed on many crypto exchanges which include OKX, Coinbase Exchange, KuCoin,Gate.io and Bittrex

3. Will Cronos (CRO) reach a new ATH soon?

With the ongoing developments and upgrades within the Cronos platform, Cronos  has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Cronos (CRO)?

On November 24, 2021 Cronos (CRO) reached its new all-time high (ATH) of  $0.965407

5. Is Cronos (CRO) a good investment in 2023?

Cronos (CRO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Cronos in the past few months, Cronos  is considered a good investment in 2023.

6. Can Cronos (CRO) reach $0.3?

Cronos (CRO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Cronos (CRO) will hit $0.3 soon.

7. What will be Cronos (CRO) price by 2024?

 Cronos (CRO) price is expected to reach $0.5 by 2024.

8. What will be Cronos (CRO) price by 2025?

 Cronos (CRO) price is expected to reach $2 by 2025.

9. What will be Cronos (CRO) price by 2026?

 Cronos (CRO) price is expected to reach $4 by 2026.

10. What will be Cronos (CRO) price by 2027?

 Cronos (CRO) price is expected to reach $6 by 2027.  

Top Crypto predictions

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.