CRO Cronos Price Performance so far
| Last 7 Days | -6.2% |
| Last 1 Month | -7.2% |
| Last 12 Months | +110.9% |
CRO Cronos, Buy or Sell, Crowd Poll
Net Buy Rating = Buy% – Sell%
- Sep 5th:+81.0%
- Oct 31st: +75.9%
- Nov 30th: +81.3%
- Dec 5th: +80.7%
- Dec 29th: +84.0%
- Feb 15th: +81.7%
- Feb 27th:+80.9%
- Mar 4th:+79.9%
- Mar 29th: +80.7%
- April 8th: +80.8%
Can CRO Reach $100?
No, CRO cannot reach $100 even if a large number of Tokens are destroyed, read on.
To reach $100, CRO will need to rise 692x. At $100, the Market Cap of Cro will be $2.6 Trillion which is the same as the Market Cap of Apple. If CRO were to rise at the pace of 25%, it would take Cronos 30 years to reach $100. Let us Evaluate this data
- Quality of Investment–Moderate
- Time and Growth required to reach $100– Not Feasible
- Market Cap at $1000– Not Feasible
Considering the criteria Quality of Investment, growth required, and time required, CRO has no chance of reaching $100.
Will CRO Reach $50?
To reach $50, CRO will need to rise 346x. At $50, the Market Cap of Cro will be $1.3 Trillion. If CRO were to rise at the pace of 25%, it would take Cronos 27 years to reach $50.
Given the analysis so far, numerous Token and Liquidity factors are barriers to CRO’s ability to reach $50. The only realistic scenario is if more than half of CRO Tokens are burnt. This would then increase the chances of CRO’s ability to reach $50.
Can CRO Reach $10?
CRO will have to rise 69x to reach $10. In the past, this was not unrealistic. Also, because the price currently is below 10 cents, 10 dollars does not sound like an unrealistic figure. Lastly, at $265.6 Billion, the market cap may not be unrealistic if one were to consider the size of the Global Economy 10 years down the line. In theory, therefore, CRO can reach $10. However, lack of competitive advantage, absence of speculative cash, and regulatory factors may be a huge barrier to CRO’s ability to reach $10.
Even if we were to consider a growth of 25% per annum, the earliest CRO could reach $10 in 2043, this is quite a far-off forecast and hence unreliable. Compared to $1, the chances of CRO reaching $10 is relatively lower.
Will CRO Reach $1?
There are multiple factors to consider regarding whether CRO could reach $1.
- Use Cases and Competitive Advantage: Looking at CRO’s market share in NFTs, Gaming, and DeFi, it is at best a moderate case of Investment. Therefore, it is unlikely to rise beyond 25% per annum in normal circ*mstances. This is an area that the Cronos team is working on by encouraging a large number of Dapps to operate on their platform. If one or more of these Apps take off, Cronos’ numbers could look very different.
- Macroeconomics and Liquidity: It is highly unlikely that we will have another COVID-like event anytime soon. In that case, it is unlikely that liquidity will reach the levels of 2020-21. Therefore, Cryptocurrencies are unlikely to grow at logic-defying levels in the future.
- Regulatory factors: It is highly likely that as cryptocurrencies consolidate, regulation will rise. Tokenomics which has been a grey area will have more oversight which also means that growth could be more moderate and realistic.
That said, CRO almost reached $1 in November 2021. Even assuming a conservative (Cryptocurrency standards) rate of 25% growth, CRO could take 9 years to reach $1.
Have Tokens grown 100x?
Yes, numerous Coins and Tokens have grown 100x (BTC, Doge, and Shib for example).
Do any Tokens have a market cap of $2.5 Trillion?
The Market cap of Cryptocurrencies is about a Trillion. Apple which is a B2C business is a market leader and millions of consumers buy the product has a Market Cap of $2.3 Trillion after 40 years of business.
Is it possible to grow at the rate of 50% for 20 years?
Unfortunately, there is no such precedent.
Looking at the above data and because Cronos is not a market leader, one can say with a high degree of confidence that Cronos will not reach $100. However, the odds will rise if Cronos were to burn 70-90% of the Tokens.
Is CRO coin a Good Investment? Looking at both usage stats as well as price performance stats, CRO is not a good investment
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view of the likely trends in Stocks or Coins. Please consult a registered investment advisor to guide you on your financial decisions.
