Cronos (CRO) Price Prediction 2022 – Will CRO Hit $1 Soon?

Cronos (CRO) Price Prediction 2022 - Will CRO Hit $1 Soon?
  • Bullish CRO price prediction for 2022 is $0.16 to $0.488.
  • The CRO price will also reach $1 soon.
  • Bearish CRO price prediction for 2022 is $0.09.

In Cronos (CRO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about CRO to analyze the future movement of the cryptocurrency. 

Cronos (CRO) Current Market Status

According to CoinGecko, the price of Cronos (CRO) is $0.152946 with a 24-hour trading volume of $18,268,060 at the time of writing. However, CRO has decreased to 0.7% in the last 24 hours. 

Moreover, Cronos (CRO) has a circulating supply of 25,263,013,692 CRO. Currently, CRO trades in cryptocurrency exchanges such as Crypto.com, Coinbase, DigiFinex, Bitget, OKX, KuCoin, Gate.io, BKEX, and Huobi global.

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 2022

Cronos (CRO) holds the 27th position on CoinGecko right now. CRO price prediction 2022 is explained below with a daily time frame.

CRO/USDT Ascending Channel Pattern (Source: Tradingview)

The above chart of Cronos (CRO) laid out an ascending channel pattern, also known as the rising channel. The upper and lower trendlines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.

Currently, Cronos (CRO) is at $0.144. If the pattern continues, the price of CRO might reach the resistance level of $0.1606, and $0.2046. If the trend reverses, then the price of CRO may fall to $0.132, $0.119, and $0.097.

Cronos (CRO) Support and Resistance Levels

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

CRO/USDT Support and Resistance Level (Source: Tradingview )

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

Resistance Level 1$0.1627
Resistance Level 2$0.2396
Resistance Level 3$0.3248
Resistance Level 4$0.4885
Support Level 1$0.1286
Support Level 2 $0.0998
CRO/USDT Support and Resistance Level

The charts show that CRO has performed a bullish trend over the past month. If this trend continues, CRO might run along with the bulls overtaking its resistance level at $0.4885.

Accordingly, if the investors turn against the crypto, the price of the CRO might plummet to almost $0.0998, a bearish signal.

Cronos (CRO) Price Prediction 2022 — RVOL, MA, and RSI

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

CRO/USDT RVOL, MA, RSI (Source: Tradingview)

Moreover, the Moving Average (MA) of Cronos (CRO) is shown in the above chart. Notably, the CRO price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, Cronos (CRO) is in a bullish state. There is a possibility of a reversal trend of CRO at any time.

Meanwhile, the relative strength index (RSI) of the CRO is at a level of 63.07. This means that CRO is in an nearly overbought state. However, this gives confidence to the traders to trade without any fear.

Cronos (CRO) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of Cronos (CRO). 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.

CRO/USDT ADX, RVI (Source: Tradingview )

The above chart represents the ADX of Cronos (CRO). Currently, CRO lies in the range of 29.04, indicating a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of Cronos (CRO). RVI measures the constant deviation of price changes over a period of time. The RVI of CRO lies above 50, indicating high volatility. In fact, CRO’s RSI is at 63.07, thus confirming a potential buy signal.

Comparison of CRO with BTC, ETH

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

BTC Vs ETH Vs CRO Price Comparison (Source: Tradingview  )

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

Cronos (CRO) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Cronos (CRO) might probably attain $2 by 2023.

Cronos (CRO) Price Prediction 2024

With several upgrades in the network, Cronos (CRO) might enter a bullish trajectory. If the coin grabs the attention of major investors, CRO might rally to hit $3 by 2024. 

Cronos (CRO) Price Prediction 2025

If Cronos (CRO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, CRO will rally to hit $4.2.  

Cronos (CRO) Price Prediction 2026

If Cronos (CRO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, CRO will rally to hit $5.5. 

Cronos (CRO) Price Prediction 2027

If Cronos (CRO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, CRO will rally to hit $7. 

Cronos (CRO) Price Prediction 2028

If Cronos (CRO) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, CRO would hit $8.

Cronos (CRO) Price Prediction 2029

If investors flock in and continue to place their bets on Cronos (CRO), it would witness major spikes. CRO might hit $9 by 2029.

Cronos (CRO) Price Prediction 2030

With greater advancements in the Cronos ecosystem, the crypto community might continue to invest in Cronos (CRO) for the next 8 years and drive significant price rallies for the token. Hence, Cronos (CRO) might hit $10.5 by 2030.

Conclusion

With continuous improvements in the Cronos network, we can say that 2022 is a good year for CRO. For this reason, the bullish price prediction of Cronos (CRO) in 2022 is $0.4885. On the other hand, the bearish price prediction of Cronos (CRO) for 2022 is $0.097.

Furthermore, with the advancements and upgrades in the Cronos ecosystem, the performance of Cronos (CRO) might hit $1 gaining investors’ attention. It would also rise above its all-time high (ATH) of $0.965407 soon.

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 includeCrypto.com, Coinbase, DigiFinex, Bitget, OKX, KuCoin, Gate.io, BKEX, and Huobi global.

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

With the ongoing developments and upgrades within the Cronos platform, Cronos (CRO) 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 2022?

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, CRO is considered a good investment in 2022.

6. Can Cronos (CRO) reach $1?

Cronos (CRO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Cronos (CRO) will hit $1 soon.

7. What will be Cronos (CRO) price by 2023?

Cronos (CRO) price is expected to reach $2 by 2023.

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

Cronos (CRO) price is expected to reach $3 by 2024.

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

Cronos (CRO) price is expected to reach $4.2 by 2025.

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

Cronos (CRO) price is expected to reach $5.5 by 2026.

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.

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Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.