Cro Coin (CRO) – Current Price, Future Price, and Investment Potential
Cro coin (CRO) is a cryptocurrency. It has an estimated market capitalization of $2.4 billion. In this article, we will examine the current price, future price, and investment potential of CRO. Cro coin has potential to become one of the top ten cryptocurrencies in 2020. The price of CRO has seen minimal fluctuations in early 2020. However, by the second half of 2020, it exceeded its high price from 2019. It crossed the $0.20 mark on August 21, 2020, and closed the year at $0.06.
Price of cro coin
Cronos coin (CRO) is experiencing a bull run. Since being listed on Coinbase on 4 November, the price of the CRO coin has risen 565%. The news of the renaming of the Staples Center in Los Angeles also boosted the price of the cryptocurrency by 34%. This made it one of the top gainers in November. If you are considering purchasing the CRO coin, now is a great time.
The CRO funding rate is a measure of how much traders are willing to pay to keep their positions open. It is based on the difference between the spot and futures markets, and a positive funding rate indicates that traders are confident in the price rally. A negative funding rate, however, shows that short traders are paying long traders to hold their positions open. In fact, the CRO funding rate dropped to minus 3% on Nov. 14 – a very bearish sign for the token.
Future price of cro coin
Despite recent gains in price, the future price of CRO coin is still unclear. Analysts are not optimistic that the coin will recover its losses in 2019. On the contrary, some say that the price of CRO will reach a maximum of $0.209 by the end of 2022. The analysts also pin the minimum and average closing prices at $0.142 and $0.167. By the end of 2025, they estimate the price of CRO to reach $0.342.
The second quarter is expected to be up and down, with CRO fluctuating between $0.6073 and $0.8931 in April. During the month of May, Cronos is expected to rise further and could reach a high of $0.9089. In the third quarter, CRO is expected to fluctuate between $0.6238 and $0.9335. It is likely to increase by around 20% in September.
In late 2018, the CRO coin’s price was around $0.09264, reaching a high of $0.1798 on December 14, 2018. During the first half of 2020, CRO’s price rose significantly, reaching a high of $0.238 on 1 September. By the end of the year, CRO had climbed above the $0.20 mark, closing at $0.06 in December.
Investment potential in cro coin
In May of this year, Cro coin hit a low of $0.17, and since then, it has traded sideways. The crypto coin was created to act as a reserve currency for digital currencies that allow investors to earn swap fees. It has been around for over two years, and some crypto experts see better days ahead for this coin.
While CRO didn’t reach $1 until 2027, it rose dramatically during the first half of 2020. On February 13, it was trading around $0.0697. On August 17, it hit $0.1798. By December 31, it had declined to $0.05959. It’s unclear when CRO will reach its maximum price of $5. However, it is likely that the coin will hit $1 in the coming years. If you’re looking for an early investment opportunity, Cro is worth taking a look at.