2022-01-07 15:30:42
CRO Price Forecast for 2022
Q1 and Q2
The digital token started the year trading at $0.5854. According to Cryptopredictions’ CRO forecast, the price of CRO will range between a minimum of $594146 and a maximum of $0.88598 in the first quarter of 2021. In March, the average price of the cryptocurrency is expected to reach $0.7087.
The price is expected to grow in the second quarter. As per the site forecast, CRO is expected to range between $0.6073 and $0.8931 in April. The uptrend is likely to continue in May and June. Within this period, CRO could reach a maximum price of $0.9089. The forecasted average price in June is $0.7271.
Q3 and Q4
CRO predicted price in the third quarter ranges between $0.6238 and $0.9365. In August, the price is forecasted to average $0.7413, while the average price is predicted to grow to $0.7492 in September.
CryptoPredictions forecasts that the CRO uptrend could continue in the last quarter of 2022. As a result, the predicted price of CRO is expected to start trading at $0.6435 in October and average $0.7657 in November and reach a maximum price of $0.9680.
These Crypto.com (CRO) predictions are calculated by a computer and work with historical data (mostly with exchange rates), the algorithm crunches the historical data and with the help of linear and polynomial regressions comes with numbers that are likely to occur in the future. The site that provides the above-stated data updates its Crypto.com predictions every 5 minutes.
Fundamental Analysis
Various factors have precipitated Crypto.com’s growth. The cryptocurrency platform is also banking on multiple projects to boost its future popularity and adoption. In a bid to get its name out there, Crypto.com is associating with modern sport values.
The Singapore-based company plans to run ads during the Superbowl in February, the most-watched annual television event in the United States. A 30-second commercial goes for $5.5 million. The broadcasting company is seeking to increase the spot to $6.5 million.
The blockchain company has also purchased over 20 years’ naming rights for the former Staples Center Arena in Los Angeles.
Note that Crypto.com began as a financial services company offering crypto exchange, visa card, and payment apps. On November 8th, it launched Crono Mainnet. Cronos is the Ethereum Virtual Machine (EVM) compatible network for NFTs, Metaverses, and DeFi.
It will enable developers to port apps from Ethereum and EVM compatible chains. In essence, it will create interoperability between Crypto.com and other chains. And since on-chain transactions fees are paid in CROs, it will boost the demand of the crypto and hence the -price.
In November, the platform introduced withdrawals and deposits via polygon, offering users more options besides the BEP20, erc20, Arbitrum, and Cronos.
In November, Crypto.com also announced the addition of an in-app browser on the DeFi wallet. VVS is the first dApp built on Cronos and available through the wallet. The wallet also features multi-layer security and allows users to store, swap, and earn interest on tokens.
In 2021, the crypto.com company also launched NFTs. In fact, the Ultimate Fighting Championship (UFC) and Philadelphia 76ers basketball team are set to launch collections on the NFT platform. What’s more, the crypto company plans to buy Nadex retail online exchange, enabling investors to trade derivatives and futures products.
But that is not all. CROs is expanding its user base seismically thanks to endorsements from celebrity and high-end partners such as Boy George, Aston Martin, and Snoop Dogg.
With the numerous projects in the pipeline, the price of CRO is expected to increase. The platform recently burnt tokens reducing the supply from 100 billion to 30 billion. The value CRO is set to rise with the limited supply.