Is CRO a Good Buy?
This article will look at Crypto.com price prediction for 2022, 2025, and 2030. We will also look at the latest fundamentals of the coin that are likely to affect its prices in the future.
Crypto.com coin (CRO) is the native token of the crypto.com chain. The crypto.com coin supports cross-asset intermediary currency settlements and serves to improve interoperability between cryptocurrencies and fiat currencies.
Crypto.com token and crypto.com cryptocurrency exchange platforms are like siamese twins, and separating their history is almost impossible. This is why we will look at founding the crypto.com token with a broader approach that encompasses the crypto.com platform.
Crypto.com price prediction platform was founded in 2016 by its current CEO, Kris Marszalek, in Hong Kong. Initially, the company was called Monaco and dealt purely with payment gateways such as VISA cards. The company would, in 2017, get into crypto by launching its token called MCO. They offered their initial coin offering (ICO) of the crypto from May 18 to June 18, 2017. The ICO raised $26.7 million by selling 12,135,542 MCO tokens.
In July 2018, the company underwent a rebranding and announced that it would now be called Crypto.com. It was also during this time that they began distributing their branded VISA cards. In addition, they also launched the crypto.com site and Crypto.com token.
Since then, the company has become one of the largest cryptocurrency exchanges. Their Crypto.com token has also grown to be one of the largest cryptocurrencies in the world, with a market cap of over $11.5 billion. The token is also ranked as the 17th largest cryptocurrency in the world.
The crypto.com token has rebranded to Cronos token. However, they will be keeping their ticker, which is CRO. This article is using the crypto.com token because of the familiarity with the cryptocurrency, and many people will take time to adopt the new name. It is also important to note that most exchanges have yet to rename the Crypto.com token to Cronos token.
Crypto.com Price History
In 2021, the Crypto.com token had a return on investment of a staggering 1060 percent. However, this milestone has resulted from years in the making since the Crypto.com token started trading in December 2018.
The token prices remained very low until the summer of 2020, when it started trading above $0.1. By September 1, 2020, the token had reached $0.1798. By the next 12 months, the prices continued to rise, and on November 24, 2021, the crypto reached its all-time high of $0.96. Below is a price history milestone of Crypto.com.
| Date | Milestone | Prices |
| Nov 24, 2021 | All-Time High | $0.9698 |
| December 17, 2018 | All Time Low | $0.011 |
| 52 Week Low | 52 Week Low | $0.08104 |
| 52 Week High | 52 Week High | $0.9698 |
| Market Cap | Market Cap | $11,385,683,317 |
Adoption
Crytpo.com token has one of the largest ecosystems, with over 120 decentralized applications developed on their platform. These applications include NFTs, NFTs marketplace, Oracles, lending platforms, yield farming, and wallets.
The Crypto.com token has not had an extensive trading history. However, in the past three years that the token prices have been aggressive and volatile, it has formed important support and resistance levels that can help us make price predictions for 2022.
Crypto.com price prediction has formed a support level of $0.32 and resistance levels of $0.54, $0.68 and $0.96. On January 22, the prices touched $0.32 support levels and then bounced to $0.54 before dropping to the current price of $0.44. Looking at the daily chart below, I have highlighted a region in blue which I expect the prices will trade within during 2022.
My Crypto.com price prediction for 2022 expects the prices to close the year at $0.96. This will be a 116 percent increase from the current prices of $0.44. The prediction is bullish because I expect the crypto markets to recover from the drop experienced early this year due to a drop in Bitcoin prices. The Crypto.com token, like almost all other altcoins, is positively correlated with Bitcoin, and the drop in prices of Bitcoin also resulted in the fall of the token.
The recent changes in the token’s name from Crypto.com price prediction to Cronos will massively impact the prices of CRO tokens in the future. However, even with the name change, I still expect CRO to grow at the same rate in 2023 and 2024, as predicted in 2022. Therefore, I expect Crypto.com/CRO to trade at $4.4 by 2025.
In my Crypto.com price prediction for 2022 and 2025, I have indicated that I expect the prices to grow by more than 100 percent per annum. Based on the current prices, I expect the prices to be 1,100 percent higher in 2025 than they are currently.
Compared to traditional financial institutions, which mostly average below 20 percent return on investment per year, investing in Crypto.com is a good investment.
