CRO has lost over 14% value in the last week
Despite key developments and waves of recovery in the broader crypto market, Cronos has recently struggled to strengthen its trajectory with the price of CRO remaining relatively stagnant.
Here is a quick overview on what is going on and what the Cronos community, known as CroFam believes the blockchain must do to regain traction:
CRO’s Price: Lacking Momentum
Cronos (CRO) has experienced significant volatility recently with sharp price movements. It peaked to $0.21 in December 2024 upon announcement of Trump’s re-election to office. However, since the new year, the coin has struggled to experience resurgence.
Despite announcing integration of Cronos mainnets with leading cross-blockchain interoperability protocol LayerZero, the price remained at $0.13 by end of January. With market volatility amidst news of the US tariffs on various trading partners, CRO is currently trading at $0.10.
What Cronos Needs: CroFam’s Calls
However, the current bearish momentum may be an indication of a need for broader improvements within the Cronos ecosystem rather than short-term market fluctuations.
One X user emphasised on the importance of expansion saying Cronos needed “More listings on exchanges, more volume.” Kraken’s, one of the longest standing crypto exchanges’ recent listing of $CRO is definitely a step in the right direction, offering more liquidity and credibility.
“We don’t need more defi nor memes in crypto,” another user said, emphasising that Cronos must focus on creating real world usage to improve its value.
While many agreed memecoins were not the way forward, they argued that a bigger focus on Defi was the key to Solana’s success and must be replicated. Further, users suggested supporting builders through incentives grants, hackathons, and ecosystem support along with better scam protection to improve quality and trust on dApps.
One user particularly focused on how the chain should focus on implementing enabling infrastructure for seamless accessibility. “ Build bridges so that its easier to access. Develop tools, like explore,” the user said.
Several users suggested that token burns would help reduce supply, making CRO scarcer and potentially driving up its value, similar to how other major blockchains like Binance and Ethereum have implemented deflationary mechanisms to sustain long-term growth.
Others believed that the project was slept on and should keep doing what it has been doing. “More institutions will come. Just wait,” a user said.
Whether the Cronos team takes these suggestions to heart remains to be seen,but one thing is certain: CroFam is watching closely on what’s next for the blockchain.
