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CRO

Cronos Coin (CRO) Price Index

$ 0.091399 Ƀ 0.00000176
  • MarketCap
    $ 2,419,678,988
  • Volume
    $ 10,250,452
  • Change
    2.10%
crypto-com-chainCronos
$ 0.091399
$ 0.091399
2.1%
0,084517
CRO
Cronos (CRO)
$ 0.091399
CRO
Cronos (CRO)

Overview: What is Cronos Coin (CRO)?

Cronos (CRO) is the coin of the Crypto.com cryptocurrency exchange and the utility token of the Crypto.com ecosystem. The crypto was known as the Crypto.com coin before it rebranded as Cronos in 2022 to reflect the company’s growth and plans. Crypto.com is positioning itself with several DeFi, Web3, and blockchain-based services.

What Makes Cronos Coin Unique?

Cronos provides utility in the Crypto.com ecosystem. Crypto.com was founded in 2016 in Hong Kong by Rafael Melo, Gary Or, Kris Marszalek, and Bobby Bao. The company has a cryptocurrency exchange listing over 250 cryptocurrencies and payment services via an app, a Visa card, and other DeFi and NFT services. The company hopes to accelerate cryptocurrency adoption, be part of the future of cryptocurrencies, and develop its blockchain.

Cronos (CRO) uses Cosmos blockchain technology and is a Cosmos CRC-20 token. However, Cronos is also the first network built with Cosmos technology that is also Ethereum-compatible. It uses an inter-blockchain communication (IBC) protocol to bridge with Crypto.com’s Crypto.org chain and the Cosmos hub. It can link with other IBC-enabled blockchains.

Cronos can be transacted on three chains but retains the same value and the Cronos (CRO) name. On the Crypto.org chain, it’s referred to as Native CRO. On Cronos CRO, it is CRC20 CRO; on the Ethereum main net CRO, it is recognized as ERC20 CRO.

 

What is Cronos Coin Used For?

Cronos (CRO) is used to pay fees on the Crypto.com platform and can be staked for benefits.

The CRO token is used for transactions in the Crypto.com ecosystem, to pay gas or transaction fees on the network, and for governance and staking on the Crypto.org Cosmos chain PoS consensus mechanism. Cronos  token holders can benefit from certain rewards, including reduced trading fees on the Crypto.com exchange.

CRO holders can choose to stake Cronos tokens for rewards from the validators who verify transactions on the blockchain and action governance under PoS.

 

What Factors Determine the Price of Cronos Coin?

The Cronos (CRO) price is determined by market supply and demand, liquidity, investor and market sentiment, and the performance of other coins, as well as what happens in the Crypto.com ecosystem. Cryptocurrency markets can also be affected by broader financial markets and changes to impactful regulation.

The token reached its all-time high in November 2021 and a low of $0.05 in August 2023. CRO also struggled for a time when Crypto.com suspended US institutional activities after news the US Securities and Exchange Commission (SEC) would sue Binance and Coinbase.

 

How Is the CRO Coin Network Secured?

Cosmos technology and a Tendermint PoS governance protocol secure the Cronos token and network. In PoS, CRO is staked to provide liquidity, and validators verify transactions and create new blocks.

 

How Many Cronos Coins Are There?

There is a total supply of 30 billion Cronos (CRO), with 20% in a capital reserve account, 20% allocated for long-term network initiatives, 20% dedicated to ecosystem grants, and 10% given to community and marketing.

 

Where Can I Buy CRO Coin?

This coin has been around for some time, so Cronos is available on many major cryptocurrency exchanges, including Crypto.com, CoinBase, OKX, and Huobi.

 

What is the Cronos Coin Price Prediction for 2030?

Cryptocurrency prices are notoriously difficult to predict, and there are many forecasts for Cronos coin’s future price. Though higher and lower predictions exist, CRO coin price predictions for 2030 range from $0.44 to $0.55. Projections for 2030 are usually based on the wider expectation of the value of the cryptocurrency market increasing and the growth of crypto and blockchain adoption.

 

FAQs

Is Cronos crypto a good buy?

Investors should decide if CRO is a good investment based on thorough research of the Cronos (CRO) coin, the Crypto.com platform, and the cryptocurrency market as a whole. As cryptocurrencies can be incredibly volatile and high-risk, investors must be vigilant of their risk tolerance and only invest what they can afford to lose.

 

Does Cronos have a future?

Like any cryptocurrency, Cronos’s (CRO) future is difficult to predict. CRO is also a traded cryptocurrency and has utility in the Crypto.com ecosystem and on the exchange. Cronos coin’s future may depend on the success of Crypto.com, the performance of other cryptocurrencies, and the entire sector.

 

Is Cronos profitable?

Investing in any cryptocurrency is a gamble as prices can rise or fall quickly; whether Cronos is profitable to an investor depends on their investment strategy, risk tolerance, and the coin’s performance. It is possible to stake Cronos (CRO) on the network to provide liquidity and earn staking rewards from network validation. Still, at the same time, the value of the CRO held can go up or down.

 

Is Cronos on the Ethereum network?

Yes: on the Ethereum main net, CRO is recognized as ERC20 CRO.

 

Which wallet supports the Cronos network?

Cronos is supported by over 30 wallets, including Crypto.com, the Ledger hardware wallet, and the Trust Wallet.

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