Crypto.com Price Prediction – Will CRO Price Hit $3 in 2021?

This Crypto.com Price prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our CRO price analysis and prediction.

The year 2020 was good for cryptocurrencies. While the rest of the world’s economy dipped, most cryptocurrencies’ prices increased or maintained their prices within the range. However, 2021 seems quite promising to the crypto world.

Meanwhile, there is also some crypto that didn’t escape the volatility of the crypto market. As a result, many crypto traders are confused about whether it is time to sell or hold out for a good price. For CRO, this may not be the case as it continues to maintain its uptrend position.

Crypto.com (CRO) launched its Mainnet on March 25, 2021. CRO made the largest token burn in history, wherein 70 billion CRO was removed from the total supply. Moreover, 59.6 billion CRO was already burned on February 22, 2021. In fact, CRO price reached an all-time high price of $0.52 in November.

Nevertheless, the crypto market is moving sideways lately, and most cryptos are losing their previous gains. Is the scenario the same as the CRO price? We’ll find out shortly in this CRO price analysis 2021 article. But first, let’s have a look at what CRO is.

What Is Crypto.com (CRO)?

Crypto.com Coin (CRO) is the native digital currency token of Crypto.com Chain. Moreover, Crypto.com Chain is an open-source blockchain developed by the Crypto.com trading, payment, and financial services firm.

Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions developed to accelerate the global adoption of cryptocurrencies. Moreso, the CRO blockchain serves primarily as a vehicle that provides the Crypto.com Pay mobile payments app.

In the future, Crypto.com plans to grow the reach of the CRO platform to power its other products.

Do you think this market performance of CRO could make it a profitable cryptocurrency in 2021? Are you curious to find out? In this case, let’s head to the charts and find out in this CoinQuora CRO price prediction 2021 article.

Crypto.com (CRO) Current Market Status

As of the time of writing this Crypto.com (CRO) price analysis, CRO trades at $0.42 with a 24-hour trading volume of $473,677,457. The price of CRO has increased by 1.87% in the last 24 hours.

Furthermore, CRO has a current circulating supply of 25.26 billion CRO. Currently, the top cryptocurrency exchanges for CRO are OKEx, CoinTiger, Huobi Global, FTX, and Upbit. Now, let’s proceed to the next part of this CRO price prediction for 2021.

Crypto.com (CRO) Price Analysis 2021

Currently, CRO holds 20th place on CoinMarketCap. But will the recent changes and development in the blockchain help the digital currency price to reach higher? Let’s proceed to the charts in this CRO price prediction article.

As shown above, at the beginning of this month, CRO turned from its bear-to-bull trend. This shows a high trade volume occurred in that period. Moreover, in the daily time frame, CRO showed an Ascending Scallop pattern.

This pattern is followed by an uptrend position but in some cases, the pattern can change and move into a downtrend position. More so, in this chart above the pattern took a month for the formation to take place.

As shown above, at the beginning of this, CRO turned from its bear-to-bull trend. This shows a high trade volume that happened during that period. The Relative Strength Index (RSI) is at 70.51, which means that CRO is in an overbought state.

Therefore, traders must trade wisely and must not be affected by the market hype. With this in mind, traders must be cautious in investing to avoid unexpected losses due to the crypto market’s wild swings

Let us also take a look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA).

Since the start of 2021, CRO’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, CRO has a competitive market this 2021.

Crypto.com (CRO) Price Prediction 2021

The chart below shows that CRO has performed great over the past few days. If this trend continues, CRO might run along with the bulls, overtaking its $0.74 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone CRO from its uptrend position. In simpler terms, the price of CRO might plummet to almost $0.32, a bearish signal.

Meanwhile, our long-term CRO price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.52 this year. However, that will only happen if it breaks many previous psychological resistances.

Crypto.com (CRO) Price Prediction 2022

If this bullish trend continues, CRO will reach $3 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $3.5. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $3.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Crypto.com (CRO) Price Prediction 2023

The price of CRO can move even great heights, however reaching $5 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency CRO breaks past psychological resistance level.

Crypto.com (CRO) Price Prediction 2024

As per the latest upgrades, developments, CRO price prediction, and new project forecasts of the platform. Moreover, this might boost the price of CRO in the crypto market, and it will be the best investment as the price can spike and reach around $10.5.

Crypto.com (CRO) Price Prediction 2025

In the next four years, CRO prices could race up to $25. However, reaching this level could not be so difficult for CRO as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that CRO has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

CRO has a bright future ahead of it from 2021 to 2025. With ongoing developments happening within the CRO ecosystem, as well as in the overall crypto market, we may see CRO reach new heights.

Meanwhile, our long-term CRO price prediction 2021 is bullish. In addition, it has a high possibility of surpassing over $0.74 and may reach above $1 this year. However, that will only happen if it breaks past many psychological resistances.

As said above, CRO may even reach $3 if investors have decided that CRO is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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