This article will look at Crypto.com price prediction for 2023, 2025, and 2030. We will also look at the latest fundamentals of the coin that are likely to affect its prices in the future.
CRO is the native asset of the Cronos ecosystem. Crypto.com started as a payment gateway and a bridge between fiat and cryptocurrencies. However, the launch of its own blockchain has enabled app development on the network.
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 the 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 the Cronos token.
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.
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 TVL tracking site, DeFi Llama, shows that the platform TVL has reduced to only $342 million from its peak value of $3.2 billion. This translates into a 90% decrease in the total locked value (TVL). The collapse of FTX is one of the primary reasons behind the lack of interest in the CRO ecosystem.
CRO coin price rallied a lot at the start of 2023. The price had a 67% surge till February 2023 before experiencing a pullback. Consequently, CRO crypto price is trading 32% below their yearly highs. The price has failed to break above the 200 MA due to the dominance of the sellers.
A closer look at the CRO/USD chart reveals that the $0.10 level is one of the biggest resistances on the chart. This level was previous support that has now turned into resistance. A reclaim of this level can make CRO coin price prediction very bullish for rest of the year.
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.
This post was last modified on Aug 23, 2023, 08:39 BST 08:39