Can AVAX and CRO double your portfolio by 2025?

  • The crypto market is booming! Over the past year, some altcoins have witnessed tremendous growth, with Avalanche (AVAX) surging by a staggering 173% and Cronos Coin (CRO) climbing an impressive 100%.
  • Are you looking to capitalize on this growth and potentially double your portfolio by 2025? AVAX and CRO could be your golden ticket.

A Year in Review – Stellar Performance

The price of Avalanche has surged by +171.85%, with a peak of $60.39 and a low of $8.78 in the past year. Currently, AVAX is priced at $47.33. Meanwhile, Cronos (CRO) has experienced a price rise of +113.13% since 2023. Introduced in 2016, Cronos reached its all-time high at $0.17742 and its all-time low at $0.04875. The current price of Cronos stands at $0.145, indicating that both AVAX and CRO could be profitable investments in the market.

A Year in Review - Stellar Performance

 

Why Might This Upward Continue?

Avalanche (AVAX)

Avalanche (AVAX) is the native coin of the Avalanche network. Known for its key network where devs make decentralized apps (dapps), smart deals, and tailored chains, it’s seen as a core competitor to Ethereum. In 2020, Avalanche launched with the intention of bringing a network that is open to all, adaptable, safe, and low-cost. The big selling point that made AVAX a fan favorite was the flexibility it provides developers. AVAX reached its ATH of $144.96 in November 2021. 

Avalanche’s partnership with the global accounting firm Deloitte to “build more efficient disaster relief platforms using the Avalanche blockchain” hit home for many investors, solidifying AVAX’s position as a promising investment. 

In August 2021, the AVAX price soared to as high as $180 million in the liquidity mining incentive program, launching DeFi protocols on the Avalanche The network and rewarding users with AVAX tokens and interest payments, including Aave and Curve. 

The DEX Pangolin launch on the Avalanche network boosted AVAX’s price, leading to Mastercard’s selection of Ava Labs as a startup support program and a Bank of America report identifying Avalanche as a viable alternative to Ethereum. 

Cronos (CRO)

Cronos Coin (CRO) is the native token of the Cronos blockchain, a decentralized platform well acclaimed for handling payments. Established in 2016, Crypto.com became super popular thanks to constant updates and the endorsement it got from well-known celebrity mascot Matt Damon. 

The Cronos Chain follows the CRC-20 token standard, priced at $0.08 per CRO token. Its IBC protocol allows connectivity with chains such as Crypto.org Chain and Cosmos Hub. By integrating with Ethereum and Cosmos technologies, Cronos Chain demonstrates its dedication to security, decentralization, and interoperability, which makes it a reliable blockchain solution for developers and users.

Crypto’s Future: Are AVAX and CRO Good Bets?

Avalanche and Cronos are prominent cryptos in the blockchain industry, drawing in investors with their steady price increases. Cronos Coin enjoys widespread market approval, as seen by more than 93% of users expressing positive sentiment towards it. Previous successful partnerships, such as those with Formula and FIFA World Cup Qatar 2022, along with crucial projects like Crypto.com Arena, solidify Cronos Coin’s position in the market. 

Meanwhile, Avalanche also has a strong market sentiment. It actively engages in partnerships within the Web3 ecosystem, specifically targeting collectibles and fantasy sports markets. The digital collectibles sector, the fastest-growing segment in the $400 billion global collectibles industry, generated an impressive $22.7 billion in revenue last year, making both coins great investments in the long run. 

However, investors must exercise caution and conduct thorough research on market trends and potential risks before making any investment decisions. Before making any investment decisions, it is important to consider financial goals, market sentiment, and projects. Given their lucrative opportunities and high ROIs, which factors should make the mark for you before investing in AVAX and CRO?

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button