Cronos Price Prediction
(CROUSD)$0.0929$0.0913 (3.86%)Market Stats and Forecasts
Cronos Description
CRO, or Cronos, is the native cryptocurrency of the Cronos Chain, a blockchain developed by the cryptocurrency exchange Crypto. com. Launched in November 2021, Cronos Chain aims to be a decentralized, open-source, and energy-efficient platform for various Web3 applications. CRO serves multiple purposes within the Crypto. com ecosystem. Primarily, it acts as the fuel for the Cronos Chain, paying transaction fees. Users spend CRO to interact with decentralized applications (dApps) built on Cronos.
Holding CRO also unlocks various benefits on the Crypto. com platform. These include discounts on trading fees, higher interest rates for staking crypto on their Earn product, and access to higher tiers on their Visa credit card, which offer perks like airport lounge access and cashback rewards in CRO. Cronos Chain operates on a Proof-of-Authority (PoA) consensus mechanism, considered more energy-efficient than the Proof-of-Work (PoW) used by Bitcoin. CRO has a circulating supply of around 26. 8 billion tokens, with a maximum supply of 30 billion. While CRO was initially launched as an ERC-20 token on the Ethereum blockchain, the introduction of the Cronos Chain established CRO as its native token.
As the Cronos DeFi ecosystem flourishes, CRO could be integrated into various DeFi protocols, acting as collateral for loans or a medium of exchange within decentralized marketplaces. The CRO token's success depends on the CRO chain's success. If the CRO chain can attract developers and users, then the value of this token will rise remarkably. Investors should always consider the risk factor before investing in such a coin because of its volatile nature. .
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Cronos, Our analysis, guided by the machine learning experts, yields forecasts for Cronos price trajectory up to 2024. With a comprehensive understanding of Cronos historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 1 and an error value of 0.26%.
For the year 2024, our analysis indicates a projected yearly low of $0.0855, with the high anticipated to reach $0.132. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-07-01 | 0.0946 | 0.0987 | 0.102 | 6.77 |
| 2024-07-02 | 0.0945 | 0.0965 | 0.0984 | 5.60 |
| 2024-07-03 | 0.0946 | 0.0976 | 0.1 | 6.76 |
| 2024-07-04 | 0.0945 | 0.0965 | 0.0984 | 5.58 |
| 2024-07-05 | 0.0935 | 0.0955 | 0.0984 | 5.58 |
| 2024-07-06 | 0.0976 | 0.0996 | 0.102 | 7.91 |
| 2024-07-07 | 0.0976 | 0.0997 | 0.102 | 9.09 |
| 2024-07-08 | 0.0987 | 0.1 | 0.102 | 10.29 |
| 2024-07-09 | 0.0999 | 0.103 | 0.107 | 12.72 |
| 2024-07-10 | 0.103 | 0.106 | 0.109 | 13.96 |
| 2024-07-11 | 0.1 | 0.103 | 0.105 | 12.71 |
| 2024-07-12 | 0.102 | 0.104 | 0.106 | 13.95 |
| 2024-07-13 | 0.0998 | 0.103 | 0.107 | 12.69 |
| 2024-07-14 | 0.103 | 0.105 | 0.107 | 13.93 |
| 2024-07-15 | 0.101 | 0.102 | 0.105 | 12.68 |
| 2024-07-16 | 0.1 | 0.103 | 0.105 | 12.68 |
| 2024-07-17 | 0.103 | 0.105 | 0.108 | 15.16 |
| 2024-07-18 | 0.101 | 0.105 | 0.108 | 13.89 |
| 2024-07-19 | 0.101 | 0.105 | 0.108 | 12.64 |
| 2024-07-20 | 0.0997 | 0.101 | 0.103 | 11.40 |
| 2024-07-21 | 0.0996 | 0.102 | 0.105 | 10.17 |
| 2024-07-22 | 0.0997 | 0.104 | 0.108 | 12.60 |
| 2024-07-23 | 0.1 | 0.102 | 0.104 | 12.60 |
| 2024-07-24 | 0.101 | 0.105 | 0.109 | 15.08 |
| 2024-07-25 | 0.102 | 0.104 | 0.106 | 13.81 |
Cronos Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Cronos is forecasted to achieve its peak value in 2025 at approximately $0.2, while potentially dipping to a low of $0.107. The average trading value during this period is projected to hover around $0.182.Cronos Price Prediction 2026
In 2026, Cronos is anticipated to potentially reach its peak value of $0.285, with a possible lower value of $0.166. The average trading value for this period is estimated to be approximately $0.249.Cronos Price Prediction 2027
As we look ahead to 2027, the trajectory of the Cronos coin may offer investors unexpected turns. Projections suggest peaks hitting $0.483 and lows stabilizing around $0.229, with an average trading value resting near $0.426.Cronos Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Cronos coin. Projections point towards a maximum value of $0.677, a minimum of $0.368, and an average value of approximately $0.595.Cronos Price Prediction 2029
Our market analysis indicates optimistic prospects for the Cronos crypto in 2029, with projected peaks at $0.999 and floors at $0.499. Moreover, the average trading value of this coin is anticipated to hover around $0.892.Cronos Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Cronos token. Projections indicate highs near $1.45, potential lows around $0.76, with an average value of about $1.3.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.0932 by the Jul 01, 2024. The Relative Strength Index (RSI) stands at 0.5472, indicating a Fall market stance. Overall, while the long-term forecast is Strong Buy.
About cro
Cronos Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Strong Buy
The Cronos is predicted to surge by 15.27% to $0.103 by Jul 09, 2024, though current indicators show a Bullish sentiment with 9 out of 30(30%) green days and a notable -16.77% price volatility over the past month.