Cronos /CRO

What is Cronos (CRO)?

Cronos (CRO) is a blockchain network that was developed to support the booming world of Dapps in areas like non-fungible tokens (NFT) and decentralized finance (DeFi). CRO is the digital currency that powers the Cronos network.

The project was developed by Crypto.com company in 2018. It is a high-performance, interoperable network with the ability to process hundreds to thousands of transactions per second. By blending speed, low fees, and cross-chain compatibility, Cronos is building a decentralized future that feels more connected and accessible.

Cronos uses the Proof of Authority (PoA) consensus mechanism. Only certain trusted entities, known as validators, can confirm transactions, keeping things running smoothly and efficiently.

Not only can Cronos host various dApps, but it also allows developers to easily create and run their applications from multiple blockchains. It can handle smart contracts from different Ethereum-like blockchains with little fuss.

Cronos(CRO) History

Cronos was initiated under Crypto.com, which began in Monaco in 2018 because it rebranded itself to Crypto.com. The token CRO, which was launched as part of that transformation, became central to the ecosystem.

Initially, the CRO token was developed together with the Crypto.org chain on which it facilitated payment processes in a defined manner and became an intermediary currency to all asset settlements.

The Crypto.org Chain was launched on 25 March 2021 to establish decentralized, easy, fast, and very secure transaction types. From this foundation, the team launched Cronos, which is an EVM-compatible blockchain within a Cosmos ecosystem. Cronos testnet was launched in July 2021 and later its mainnet was launched on 8 November 2021. This was another big milestone moving forward to achieve interoperability and scalability in the Crypto.com ecosystem.

Cronos (CRO) Token History

CRO is a digital currency of the Cronos (CRO) project and the token started trading in 2018 at a base price of $0.01954. It is used for the following purposes:

• Pay transaction fees: CRO is used to cover fees on the Cronos platform.

• Earn through staking: locking up some CRO tokens helps validate transactions and earn rewards in return.

• Boost Crypto.com perks: Using CRO can get some pretty sweet perks— cashback, and lower trading fees.

• Governance: CRO holders get a chance to make a say in the developmental decisions of the system.  

As of 2024, the coin recorded an all-time high price of $0.9698 on November 24, 2021, and an all-time low price of $0.01149 on December 17, 2018.

Where to buy CRO Coin?

CRO coin is traded on 25+ crypto exchanges in the market; some popular centralized exchanges supporting CRO coin are Coinbase, OKX, Upbit, KuCoin, and Bitget.

Some popular decentralized exchanges supporting CRO coins are Osmosis, DeFi Swap, Uniswap, and SushiSwap.

Wallets for CRO Coin:

Security, cost-effectiveness, and user-friendliness are the important factors to consider while selecting a wallet for CRO Coin. 

Some of the best wallets for CRO coins are Trust Wallet, MetaMask, Token Pocket, imToken, and Torus.

Cronos (CRO) Price Prediction 2024-2030:

Cronos (CRO) has seen an increase in value in recent years due to its growing usage and demand. 

As per Coinpedia, Cronos (CRO) will reach a potentially high price of $0.08415 and a potential low price of $0.07225.

• Cronos (CRO) Price 2025: For 2025, the Cronos (CRO) price is projected to range between $0.231 and $0.127.
• Cronos (CRO) Price 2026: For 2026, the Cronos (CRO) price is projected to range between $0.422 and $0.301.
• Cronos (CRO) Price 2027: For 2027, the Cronos (CRO) price is projected to range between $0.509 and $0.392.
• Cronos (CRO) Price 2028: For 2028, the Cronos (CRO) price is projected to range between $0.658 and $0.476.
• Cronos (CRO) Price 2029: For 2029, the Cronos (CRO) price is projected to range between $0.806 and $0.612.
• Cronos (CRO) Price 2030: For 2030, the Cronos (CRO) price is projected to range between $1.105 and $0.747.