Are you looking for a low-cost, high-speed, energy-efficient blockchain network to scale your crypto investment? Then be assured that your search ends with Cronos.
Cronos is a decentralized, open-source blockchain network that is set to function as the foundational infrastructure for an open metaverse. Cronos is the best application to help Web3 users attain full custody of their digital assets.
The fact that Cronos is an Ethereum-Virtual Machine (EVM) compatible blockchain powered by Ethermint and it supports Inter-Blockchain Communication (IBC) protocol makes it the most user-friendly platform to conduct crypto transactions.
In this article, you will read more about Cronos, its distinct features, and its price prediction for 2024-2030.
Cronos (CRO): What is it?
Cronos is a fast, cost-efficient, and energy-efficient blockchain powered by Ethermint. As it is EVM-compatible, users can
- Import cryptocurrencies from other blockchains such as Ethereum, Cosmos, etc
- Use, trade, or invest them in smart contract-based protocols
- Port apps and smart contracts from other Ethereum and EVM-Compatible chains.
Cronos uses a Proof of Authority (PoA) consensus mechanism to make the network decentralized, scalable, and environment-friendly.
Cronos is open source; the community members can review its operations and provide suggestions for the development of the platform.
Cronos (CRO): The Basic Features
The main features of Cronos are as follows.
- Cronos is a layer 1 blockchain where fundamental transactions are conducted and secondary blockchain networks and applications are built.
- It is built as both EVM compatible and based on Cosmos SDK. Users can import cryptocurrencies from the Ethereum, Cosmos, and other chain families into Cronos and make the transactions there.
- Cronos is an Inter-block Communication (IBC) enabled blockchain; users can communicate with other cosmos-compatible blockchains.
- Cronos has a high throughput rate of hundreds to thousands of transactions per second. It has a high transaction finality rate; transactions are finalized within 5-6 seconds, which also reduces the transaction fee.
- Cronos has high scalability compared to other blockchain networks such as Ethereum. With Cronos, users can execute faster, cheaper, and carbon-neutral transactions.
What is a CRO Token?
CRO is the native token of the Cronos blockchain. Users can conduct crypto transactions in Cronos using this native token. Only CRO holders can be part of the decision-making process in Cronos.
Given below are some of the important figures you should be aware of before initiating transactions using CRO.
- Current Price: $0.1341
- Market Capitalization: $3,582,287,965
- 24-hour Trading Volume: $9,200,686
- Circulating Supply: 26,707,572,070
- Total Supply: 30,000,000,000
You can buy CRO tokens from Crypto.com Exchange, MEXC, or Gate.io
The current market price of the CRO native token is $0.1341. Crypto analysts predict that the price of CRO tokens may rise by 10.39% and reach $0.148045 by June 2024.
The technical analysis indicators propose bullish sentiments for CRO with 24 indicators showing bullish sentiments and 4 indicators showing bearish sentiments.
With respect to the current price of CRO, the price prediction for 2024-2030 with a yearly low and yearly high price rate is given below.
| Year | Yearly Low | Yearly High |
| 2025 | $0.112097 | $0.216933 |
| 2026 | $0.130857 | $0.532524 |
| 2027 | $0.112622 | $0.184736 |
| 2028 | $0.108923 | $0.169397 |
| 2029 | $0.086425 | $0.402005 |
| 2030 | $0.142898 | $1.352000 |
Is Cronos a Good Cryptocurrency Investment?
Market analysts have predicted that Cronos has a bright future as far as investing in it is concerned. The price of CRO is predicted to rise by 905.13% to reach 1.352000 in 2030.
The technical analysis indicators show a bullish sentiment of 86%. The market conditions are favorable for investors to buy CRO tokens.
The 50-day SMA is currently $0.135923 and the 200-day SMA is currently $0.100732. This indicates that CRO is a profitable investment in the long term.
In short, Cronos is a good cryptocurrency investment during 2024-2030, but investors should thoroughly consider the market trends, price history, and on-chain developmental activities before investing as cryptocurrency prices may vary as per the market trends.
