Cronos Price Prediction: CRO Drops 7%; Crypto.com's Backbone Going Strong?

Cronos Price Prediction: CRO Drops 7%; Crypto.com’s Backbone Going Strong?

Updated: 23 August 2023

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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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Currently, Cronos is trading for about $0.05134 with a 24-hour volume of $7.29 million. The trading activity increased by 21%, and the price of CRO dropped by more than 1%.

CRO’s price dropped by about 6% from last week to this week and 14% from last month. The drop could be an excellent opportunity for traders and investors to buy at a lower price and make money later.

Follow the CRO market. Here’s how Cronos might do in the coming weeks.

Cronos (CRO) Statistics:

Today’s Price – $0.05134
Market cap – $1.29 Billion
Circulating supply – 25,263,013,692 CRO
Total supply – 30,263,013,692 CRO
Coinmarketcap ranking – 36

Cronos Price Prediction: CRO Drops 7%; Crypto.com's Backbone Going Strong? — Source: CoinMarketCap

Cronos’s Path: Keeping an Eye on Resistance and Support Zones

Check out the daily chart for essential details. The price of CRO might hit resistance at $0.05920. If it gets there, the price could go up. But if it doesn’t go beyond that level, it might fall to about $0.05000, a supported area.

Keep these essential levels in mind when looking at the chart: there might be resistance around $0.05920, and the price could find support at $0.05000.

In the upcoming days, if the price stays above the moving averages for 50 and 100 days, it might continue to rise, maybe reaching $0.05630 or even more.

CRO’s RSI is about 30, and the simple moving averages for 50 and 100 days are also there, suggesting the price might go up in the next trading session. The moving averages and RSI signals show that CRO prices could increase. Be mindful of the support level S1 at $0.05000 and the RSI-14. The price might decrease if the first support level breaks and the RSI-14 drops below 30. Using stop-loss orders is an intelligent choice. It helps secure your investment from significant losses.

Promising Alternative to Cronos (CRO)

Sonik Coin is a particular type of cryptocurrency, like a meme coin. Its goal is to become worth $100 million quickly. Inspired by Sonic the Hedgehog, Sonik Coin allows you to earn rewards by simply holding onto your coins.

The Sonik project has an excellent way to make money called the annual percentage yield (APY). It’s the first cryptocurrency that rewards you for staking!

You can begin staking your coins to earn rewards right away. They’ve kept 40% of all the tokens for rewards that the community can get over the next four years.

By August 23, over 130 million $SONIK tokens had been staked, earning a big APY of 26,648%. This number will decrease as more people stake their tokens.

Sonik Coin aims to reach only $2 million, so it might be bought quickly. Get ready for some fun and a chance to earn rewards!

Sonik’s Unique Plan and Potential for Growth

Staking can help Sonik do well and attract more attention. It also stops too many people from selling Sonik when it’s on Uniswap, which makes buyers feel better.

Think about investing soon because the presale might end in about two weeks or even sooner. Sonik has already raised about $360,000 in the presale.

To keep up with Sonik news and be the first to know about listings, follow them on Twitter and join their Telegram group.

countdown is on ⏰

Dafuk you waiting for? join now!
👉https://t.co/NkNhQrYwbS pic.twitter.com/LDD3Jtbs7H

— SONIK COIN (@Sonikcoin) August 22, 2023

Sonik is cool because a famous game character inspires it and has funny memes. The website shows funny characters highlighting how creative artists can be with Sonik and his buddies.

We can’t be sure how much Sonik’s value will rise, so it’s wise to take action quickly to benefit from its growth. They’re trying to make it enjoyable and profitable.

If Sonik’s value goes up by 50 or even 100 times, a $1,000 investment could become $50,000 or even $100,000.

One token is like a speedy light; about 300 billion of them exist. Crypto Bury predicts on his YouTube channel that Sonik’s price might increase by 10 times.

Surging Interest in Sonik Throughout Asia: Secure Chance to Invest in Presale

Sonik could become popular in Asia because it’s connected to the creators of Sonic the Hedgehog, even though it’s not an official Sega Sonic character. It wants to attract crypto fans in Japan and other Asian countries.

To get the attention of this audience, the Sonik website will soon have translations in Japanese, Simplified Chinese, and Korean. Asia has many crypto enthusiasts, making it a good place for Sonik to grow.

When considering investing in a presale, security is critical. Sonik takes security seriously and carefully checks its smart contract, which makes it different from many other meme coins.

The safety report will soon be on the website for everyone to read. Sonik’s presale is fair. They’re selling 50% of the tokens to the public, keeping 40% for rewards, and using 10% to help with trading.

Once the presale is over, you can buy Sonik on Uniswap DEX. You’ll need ETH or USDT to buy the tokens. Connect your wallet to the Sonik website to make the purchase, but do it quickly so you don’t miss out.

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