Cronos Bulls Unleashed: CRO Price Target Set at $0.06

Updated: 04 September 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Cronos is currently trading at $0.05083; in the past day, people traded $11.11 million worth of it. The trading increased a lot, more than doubling, and the price of CRO went up by more than 0.50%.

CRO’s price fell by over 3% from last week to this week and 12% from last month. This drop could be a good chance for people who want to buy CRO at a lower price now and make a profit later.

Monitor the CRO market to see how it might perform in the coming weeks.

Cronos (CRO) Statistics:

Today’s Price – $0.05083
Market cap – $1.28 Billion
Circulating supply – 25,263,013,692 CRO
Total supply – 30,263,013,692 CRO
Coinmarketcap ranking – 35

Coronus Bulls Unleashed: CRO Price Target Set at $0.06 — Source: CoinMarketCap

Analyzing CRO’s Daily Chart: Price Levels and Potential Movements

Take a look at the daily chart to find key information. The CRO price could face a challenge at $0.05850. If it reaches this point, the price may increase. However, if it can’t go past that level, it could drop to around $0.04950, a strong support area.

Remember these important levels when viewing the chart: resistance might exist at $0.05850, and the price could find support at $0.04950.

In the next few days, if the price stays higher than the 30 and 50-day moving averages, it might keep going up, reaching $0.05450 or more.

CRO‘s Relative Strength Index is around 30, and the 30 and 50-day moving averages are there, too. This suggests prices may go down shortly. RSI and moving averages indicate that CRO’s price might decline. In other situations, if the price stays above the moving averages and the RSI goes above 50, the price could rise and even break the $0.05850 resistance level.

Be aware of the $0.04950 support level and the RSI-14. If the first support level breaks and the RSI-14 falls further below 30, the price may drop. Ordering stop-losses is wise. You are protected from significant losses.

Promising Alternative to Cronos (CRO)

The token will go up for trading on September 27th, and WSM is adding a new feature called staking to help lower selling pressure.

WSM’s updates are positive. Staking could stabilize the WSM token’s price, bringing in more investors. It might do well and stick around for a while if everything goes well.

Wall Street Memes Token: A Bright Prospect Founded on Firm Ground

In 2023, Wall Street Memes gathered over $25 million in presales of their memecoin.

This marks Wall Street Memes’ 30th presale. People are excited about checking out some interesting crypto ICOs.

Traders and investors are enthusiastic, and it’s easy to see why. The project will launch on big exchanges in just 24 days. This could bring more action to the market and boost trading. So, the upcoming listing on these exchanges looks very promising.

Prosperous Meme Coin Bolstered by Major Investment

One of the largest cryptocurrency holders recently made a big investment. In August, they put a million dollars into Wall Street Memes (WSM). In just a few minutes, they bought $840,000 worth of $WSM tokens, which is about 460 ETH.

Even more impressive is that this person invested 93 ETH two weeks ago. This shows they have a lot of confidence in WSM’s potential.

With the project set to launch on major exchanges in just 23 days, all this excitement is well-founded. The market might get busier, and there could be more trading. So, the upcoming exchange listing is a really big deal.

Gaining Popularity: The Surging Meme Coin

During the early August presale, Wall Street Memes (WSM) received a significant $1 million investment from a big cryptocurrency holder. This investor bought around $840,000 worth of $WSM tokens in just six minutes, equivalent to 460 ETH.

At least AI can't trade either pic.twitter.com/wvdyVf0Lfx

— Wall Street Memes (@wallstmemes) August 28, 2023

Even more fascinating is that the same person had invested 93 ETH in WSM. Their strong belief in WSM’s potential is quite clear.

This project is getting noticed by well-known cryptocurrency news outlets, including Elon Musk. Prominent figures in the cryptocurrency community are publicly supporting WSM. All these endorsements highlight the potential of the WSM token.

During the presale, the Wall Street Memes price has stayed relatively steady. This ensures tokens are distributed fairly, reducing worries about a small group of investors manipulating the price.

Wall Street Memes: Staking and Future Potential

Wall Street Memes (WSM) is getting much attention because it will soon be listed on big exchanges. To make things stable, people who have WSM tokens can put them in a stake.

Staking means holding onto your tokens instead of selling them immediately. In the latest update, over 212 million tokens have been staked. This project offers rewards of 75 tokens for each block, giving a 94% return. There are 1.6 billion WSM tokens in total.

Staking helps keep the price stable and reduces the big ups and downs in the market.

The Wall Street Memes project has a plan and looks positive for the 2024 market, which suggests it has long-term potential. If you want to buy $WSM tokens, here’s how you can do it.