Crypto.com Chain (CRO) Price Analysis: CRO is Running for a Price Rally; Eyes on 1 USD Target

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Crypto.com Chain (CRO) was created in 2016 with the aim of giving speed to the world’s transition to cryptocurrency from the conventional financial system. There are two major products like the Crypto.com Wallet & Card App. The Card App is an app for buying, selling and paying with crypto, the MCO Visa Card, a metal card with no cost. It is headquartered in Hong Kong with a total of 100 million token supply, and the coins are being traded in 22 exchanges all over the globe.

Current Statistics-

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  • com Chain (CRO) is ranked at 24th position in the crypto market owing to its market cap.
  • The ROI (Return on Investment) of this coin stands at 261.64 %.
  • The coins in circulation stand at 5,244,292,237 CRO.
  • The market cap as on 25th April at 02:04 UTC is 373,248,217 USD.
  • The value of each coin is 0.071172 USD and 0.00001303 BTC.
  • The current 24 h volume at the same UTC stands at 462,584 USD.

Comparison-

CRO has shown constant and stable growth from the starting of the year 2019. It started the year with a price of around 0.020 USD, and after three months it was traded in the same range with few instances of lower trend movement. However, it managed to gain almost 5 times of its value in just 4 days by March 15th. The market cap on 25th March was 236,594,519 USD. And the value of each coin was 0.055955 USD. The market cap has inflated by 57 % in these 30 days.

Prediction-

Every expert and investor has been confused by the trend CRO coin has adopted. Unlike all other major coins, it did not inflate after the 1st April boom; rather it started to grow one week after that period. However, this coin is now being traded around 0.069 USD. We predict the coin to rise in the coming weeks. But the next resistance should be facing at 0.095 USD after three weeks. From there the time till the end of this quarter seems bullish. By the end of 2019, the coin should be there at 0.5 USD to 0.7 USD level. Long term and medium-term outlook is bullish and retains the coin at 2 USD by 2020.

Conclusion-

We advise the short term traders to lock in buying positions, and they will certainly get profits around 10 % in just two-three weeks. Long term holders should hold their investment for a little longer period so that they will be able to reap a dividend of 200 % by the end of 2019.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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