From a near $1 all-time high to double-digit lows, Cronos (CRO) has seen it all. With the ongoing governance proposal expected to heavily influence price movements, the community is divided—some predict a surge, while others foresee a collapse.
How has CRO performed historically?
In 2021, Crypto.com announced the burn of 70 billion CRO tokens, significantly reducing the supply and contributing to a price surge that culminated in its ATH of approximately $0.9654 on November 24, 2021.
Since then, however, market volatility has prevailed and in the past few months, CRO’s price movement has struggled to reflect the success being achieved by Crypto.com. While in the past year, CRO has maintained an average price of $0.1118, in the last three months, price has largely fluctuated between $0.070 and $0.165.
Currently, the token is trading at $0.08, having lost over 40% of its value year-to-year, and 5% in the past week.
Nevertheless, community sentiment remains bullish, according to CoinMarketCap.
Here’s what the CroFam have to say about where they see CRO’s price by the end of the year:
Some believe that CRO has finally found some stability in the current price range of $0.07 to $0.08 and will thus remain largely unchanged:
Others put forth that it depends on the outcome of the actions taken, including the governance proposal:
Several remained suspicious of the current leadership to steer CRO to the right destination:
As the community has struggled to keep up with the flooding of memecoins, a proposal to reverse burn when there was a call for a burn and lack of decentralization, few were pessimistic:
However, others believed that the market currently undervalues CRO and new ATHs are on the cards:
With CRO’s price caught in between market trends, governance decisions, and community sentiment, its future remains uncertain.
Whether it stabilizes, breaks new highs, or falls further, one thing is certain—the debate is far from over.
