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Bitcoin (BITCOIN)
$104,669 -2.44%

Bitcoin price

Ethereum (ETHEREUM)
$3,879 -3.49%

Ethereum price

BNB (BINANCECOIN)
$717.74 -0.41%

BNB price

Solana (SOLANA)
$218.44 -1.81%

Solana price

XRP (RIPPLE)
$2.57 -3.63%

XRP price

Shiba Inu (SHIBA-INU)
$0.000026 -4.96%

Shiba Inu price

Pepe (PEPE)
$0.000022 -7.05%

Pepe price

Bonk (BONK)
$0.000034 -6.67%

Bonk price

Bitcoin (BITCOIN)
$104,669 -2.44%

Bitcoin price

Ethereum (ETHEREUM)
$3,879 -3.49%

Ethereum price

BNB (BINANCECOIN)
$717.74 -0.41%

BNB price

Solana (SOLANA)
$218.44 -1.81%

Solana price

XRP (RIPPLE)
$2.57 -3.63%

XRP price

Shiba Inu (SHIBA-INU)
$0.000026 -4.96%

Shiba Inu price

Pepe (PEPE)
$0.000022 -7.05%

Pepe price

Bonk (BONK)
$0.000034 -6.67%

Bonk price

Bitcoin (BITCOIN)
$104,669 -2.44%

Bitcoin price

Ethereum (ETHEREUM)
$3,879 -3.49%

Ethereum price

BNB (BINANCECOIN)
$717.74 -0.41%

BNB price

Solana (SOLANA)
$218.44 -1.81%

Solana price

XRP (RIPPLE)
$2.57 -3.63%

XRP price

Shiba Inu (SHIBA-INU)
$0.000026 -4.96%

Shiba Inu price

Pepe (PEPE)
$0.000022 -7.05%

Pepe price

Bonk (BONK)
$0.000034 -6.67%

Bonk price

Bitcoin (BITCOIN)
$104,669 -2.44%

Bitcoin price

Ethereum (ETHEREUM)
$3,879 -3.49%

Ethereum price

BNB (BINANCECOIN)
$717.74 -0.41%

BNB price

Solana (SOLANA)
$218.44 -1.81%

Solana price

XRP (RIPPLE)
$2.57 -3.63%

XRP price

Shiba Inu (SHIBA-INU)
$0.000026 -4.96%

Shiba Inu price

Pepe (PEPE)
$0.000022 -7.05%

Pepe price

Bonk (BONK)
$0.000034 -6.67%

Bonk price

Crypto News


CRONOS PRICE PREDICTION: CRO HEADED FOR $0.30 AS MOMENTUM BUILDS UP

Syed Ali Haider
Crypto News Author
Fact Checked by Joshua Downes
Last updated: December 17, 2024
Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you
trade. We may earn affiliate commissions from some of the products on this page
- at no extra cost to you.
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Highlights:

 * Cronos price is on the rise but still range-bound
 * Bulls could take control if the $0.215 resistance is broken
 * Rising bullish sentiment across the market could trigger a breakout

The cryptocurrency market is in the green today, and Cronos is one of those
leading the way in gains. While most cryptocurrencies have yet to recover losses
from earlier in the week, Cronos has been up by 10% in the last 7 days. The same
momentum is evident on the day when Cronos is up by 7.57% in trade at $0.1868.
Cronos trading volumes are on the rise as well, up 267% in the last 24 hours to
hit a high of $154.17 million. 

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TECHNICAL ANALYSIS – CRONOS PRICE RANGE BOUND

Despite the impressive performance in the day, Cronos is still stuck in a
multi-week range between the $0.215 resistance and $0.150 support. For there to
be a clear price breakout, Cronos would have to push through the $0.215
resistance. In such a scenario, Cronos could rally to a high of $0.30 in the
short term.

Source: TradingView

On the flip side, if Cronos drops and loses the $0.150 support, then a
correction could follow. In such a case, the price could drop to around $0.10, a
key psychological price level for Cronos. Of the two scenarios, the odds are
higher that Cronos could be headed for a breakout through resistance and rally
to prices above $0.10. A number of important factors support Cronos’s price
move.


BITCOIN LIKELY TO UPLIFT ALTCOINS

One of the key factors that help drive Cronos higher is Bitcoin’s price action.
Bitcoin is making new highs by the day, and is expected to keep heading higher
going into 2025. That’s because of the expectations around favorable policies
with the incoming Trump administration. Trump has already confirmed that he
intends to form a Bitcoin reserve similar to the oil reserve. 

This is a factor that is expected to push Bitcoin to prices as high as $1
million. As has happened in past crypto cycles, a bullish Bitcoin tends to
uplift the entire market. This is evident in the intra-day price action of most
altcoins. Cronos price is already showing bullish momentum and could draw
investors looking for altcoins that have a correlation to Bitcoin. This could
trigger FOMO, which could see Cronos hit $0.30 or higher in the short term.


CRONOS COULD RIDE THE AI WAVE

Recently, Cronos announced an upgrade that could push transaction speeds to over
60,000 TPS. This makes it one of the fastest blockchain networks in the market
today. This has been achieved through the Cronos EVM v1.4.0 Pallene upgrade.
Through this upgrade, Cronos wants to become a major player in the AI field,
among others.





In the field of AI, Cronos wants to leverage this newfound scalability to drive
AI agents. Among the agents that can use Cronos are those used in portfolio
rebalancing and automated trading. With AI being one of the big narratives in
the market at the moment, Cronos could draw in unprecedented FOMO. This could
trigger a breakout riding on the momentum built up so far. 


INCOMING INTEREST RATE CUTS

Another factor that could trigger a Cronos rally is the upcoming rate cuts in
the US. The market is in consensus that during the FOMC meeting tomorrow, the
FED will cut interest rates by at least 25 basis points. This, coupled with the
other favorable market factors could see all altcoins, including Cronos rally to
new highs. That’s because cheap money incentivizes investors to go into
high-risk assets like cryptocurrencies. 


A RECAP ON CRONOS PRICE

Overall, the odds favor a breakout for Cronos. From a rising Bitcoin to Cronos
making moves in the field of AI, FOMO buying could be up soon. While there is no
limit to how high Cronos can go, $0.30 is a more realistic target in the short
term. 

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CRO Cronos Price Prediction
Author: Syed Ali Haider

Syed Ali Haider is a contributing crypto writer for Crypto2Community. He is a
crypto and blockchain journalist with over four years of experience. Syed Ali is
a Blockchain enthusiast and writer passionate about enhancing the acceptance,
adoption, and integration of Blockchain technology worldwide. He has also
advocated for digital freedom and cybersecurity for many years. Haider has been
featured in a number of high-profile crypto and finance outlets, including
Coincult and more.

View full profile ›


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