NewsletterHere’s How Much Your $100 Investment in Cronos Will Be Worth If CRO Reaches $1
Cronos (CRO) is the utility token of the Crypto.com exchange. It enables the quick transfer of applications and smart contracts from Ethereum and EVM-compatible networks at a low cost and high throughput.
Previously known as Crypto.org Coin, the token was renamed Cronos (CRO) in February 2021 to represent the project’s expanding ecosystem.
Cronos Chain, powered by Ethermint for EVM compatibility and based on the Cosmos SDK, serves the Web3 economy by offering a platform for building decentralised apps (DApps). It is integrated with the Inter-Blockchain Communication (IBC) protocol on Cosmos to improve bridging and interoperability with other IBC-enabled blockchains. Cronos is based on the proof of authority (PoA) consensus mechanism.
Cronos (CRO) Price Prediction
With a market capitalization of $1.4 billion, CRO is currently trading at $0.05775. Its prices have declined by 3.14% in the last 7 days and by 9.51% in the last 30 days. CRO’s price is down by 49.14% in the last two months and by 47.38% in the last three months.
According to Coincodex’s technical analysis, investor sentiment around CRO is bearish. They forecast that CRO will be worth $ 0.071008 by February 2023.
According to their prediction, the CRO price would be between $ 0.245315 and $ 0.736676 by 2024, between $ 0.314028 and $ 1.634169 by 2025, and between $ 0.401987 and $ 3.63 by 2026.
Also Read: Here’s How Much Your $100 Investment In OKB Will Be Worth If It Reaches $100
How much money would you make if CRO hits $1?
Let’s say you invest $100 in CRO today. At the current price, which is $0.05775, you will get approximately 1731 CRO coins. If you hold and sell these when CRO hits $1, you could make $1731. This means that your $100 investment would yield a 17X or 1600% return on investment (ROI).
Now, let’s assume you invest $1000 in CRO today. At today’s market price, you will have approximately 17316 coins. If liquidated at the price of $1, your $1,000 investment will be worth approximately $17,316. If CRO hits the $1 mark by 2026 (i.e., in the next 4 years), your annualised ROI will be 104.5%.
Also Read: Here’s How Much Your $100 Investment In Cosmos Will Be Worth If ATOM Reaches $50
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