- Bullish Cronos (CRO) price prediction 2022 is $1.3.
- Conservative CRO price prediction 2022 is $0.3.
- Cronos is the rebrand of Crypto.com Coin.
Important: This Cronos (CRO) price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their CRO price forecast outcome differently. Hence, we strongly suggest to do your own research before buying CRO.
Not many people in the crypto market know that Crypto.com Coin has now rebranded into Cronos. This is arguably due to the fact that the former has been around in the market for so long and most crypto news sites did not dedicate a headline for it. But make no mistake: Cronos is more than just a rebrand; it is now part of Crypto.com’s long-term Web3 strategy.
But these things are inconsequential when it comes to technical analysis. In this Cronos price prediction 2022 article, we take a look at whether Cronos is a good investment in 2022 indeed. We’ll proceed to our charts shortly.
For those who may be asking, “What is Cronos (CRO), and is CRO a good cryptocurrency to invest in 2022?”, worry not. We’ve got you covered.
What Is Cronos (CRO)?
As stated above, Cronos is the native cryptocurrency of Crypto.com, one of the leading cryptocurrency exchanges today. According to Crypto.com, Cronos is the first blockchain network that interoperates with both the Cosmos and Ethereum blockchains. This is because Cronos is powered by Ethermint, an independent Proof-of-Stake blockchain compatible with Ethereum.
According to CoinGecko, Cronos has a total supply of 30,263,013,692 CRO. It takes up the 18th spot on CoinGecko at the time of writing, which proves that the coin has many bullish supporters.
The Cronos blockchain also supports smart contracts, decentralized applications (DApps), and decentralized finance (DeFi). The team also claims Cronos is decentralized and that it represents “the next major phase in the adoption and utilization of Web3”.
Now that we have an overview of Cronos, let us take a look at its market standing.
Cronos (CRO) Overview (At the time of writing)
|24-h Trading Volume||$55,918,075|
Cronos (CRO) Price Prediction 2022
Cronos is highly available to cryptocurrency traders since it is listed on major cryptocurrency exchanges like Coinbase, KuCoin, Gate.io, etc. Now, let us proceed to the charts and find out if CRO is indeed a good investment in 2022.
As seen on our 1-day chart, CRO has started trading below the critical support level. This is a long-term trend that has maintained its strength from late January until recently. Consequently, we can expect a potential bearish market soon.
We can also observe that CRO is trading below the 50-day and 200-day Simple Moving Averages (SMA). This further supports the bearish scenario for CRO.
Investors who want to hold for the long term may reconsider entering their position since there’s a possibility that CRO may fall further. In addition, there is little buying interest in CRO as shown by the trading volume bars below.
However, some may actually find this as the ideal opportunity to stack their bags and wait until the bull run returns.
For those who are familiar with the so-called ‘Wall St. Cheat Sheet’, the above chart signifies a similar pattern. If the said cheat sheet has any merit, then it means that CRO may be in an accumulation phase right now. This may encourage long-term investors to fill their bags with CRO.
CRO Price Prediction 2022: Key Levels to Check Out
So, for those who are watching the CRO price chart closely, what should be the key levels to watch for? Let’s proceed to our last chart.
As seen on our chart, the first major resistance that traders should watch out for is the $0.5 level. Should CRO have a mini pump, then the market should observe closely this psychological barrier. If there is not enough support, we can expect the bears to sell CRO at this level.
Should the CRO bulls fail, we may see it retrace to as low as $0.33. Conversely, if the bulls manage to overtake the bulls at $0.5, the next level that traders should watch closely is $0.6. At this rate, the bulls would have established good support at $0.5. This will be the fallback of the bulls should the $0.6 barrier prove too formidable.
Meanwhile, $0.68 is the last palpable resistance to watch out for. If CRO flips this resistance level into support, then we can expect it to record another all-time high (ATH) before this year ends. Otherwise, we will have to wait until next year.
In conclusion, our bearish Cronos price prediction 2022 is $0.33. On the other hand, if CRO surpasses the aforementioned resistance levels, then our bullish CRO price prediction 2022 is up to $1.3.
Market Prediction for Cronos (CRO) Price 2022
Digitalcoin is a well-known crypto price analysis platform with automated tools. Based on the platform’s metrics, CRO price may reach around $.55 in 2022.
Wallet Investor is also another reputable crypto price forecast platform that aggregates historical pricing data. According to the platform, CRO price prediction forecast in 2022 may reach up to $0.549.
Market Prediction for Cronos (CRO) Price 2023, 2024, and 2025
CRO price prediction 2023 is up to $2.5 (estimated)
CRO price prediction 2024 is up to $6 (estimated)
CRO price prediction 2025 is up to $14 (estimated)
CRO price prediction 2026 is up to $48 (estimated)
Cronos is definitely one of the top cryptocurrencies to watch out for in 2022. Aside from being the native cryptocurrency of Crypto.com, CRO is at a discounted price, as some may perceive.
Once again, our bullish Cronos price prediction 2022 is $1.3. Conversely, our conservative CRO price prediction 2022 is $0.33.
Technical analysis aside, Cronos (CRO) is a good investment due to its strong fundamentals. It continues to hold its precious spot in the top 50 cryptocurrencies today. In addition, Crypto.com is one of the top 5 cryptocurrency exchanges alongside Binance and Coinbase. However, cryptocurrencies, by nature, are volatile, and CRO is not exempt from it.
Crypto.com is a cryptocurrency exchange, while Cronos is a blockchain network. However, both platforms are brainchildren of Crypto.com.
At the time of writing, Cronos is not yet listed on Binance. Meanwhile, other leading exchanges offer CRO to interested buyers.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether express or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers to perform their own in-depth research before investing in cryptocurrency.
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