CRO is a popular cryptocurrency that’s associated with the ecosystem being created by the Crypto.com cryptocurrency exchange. At the time of writing, CRO commands a market cap of $1.85 billion, which makes it the 33rd largest crypto asset by market capitalization. 

The CRO price has displayed massive volatility since its release in late 2018. Even though it’s not ranked quite as high as it once was, CRO remains a relevant player in the crypto markets and could remain relevant over the long term. In this article, we will be taking a look at some long-term scenarios, including a CRO price prediction for 2040 and 2050.

Since CRO has only been on the market for around 5 years, it’s difficult to estimate its long-term trajectory based on its price history. On average, CRO has displayed a yearly growth of 181%, which is obviously not sustainable over the long term. 

To make a more realistic CRO price prediction for 2040 and 2050, we’ll instead use more conservative benchmarks to estimate what CRO’s growth rate could be over the long term. Let’s check out what the price of 1 CRO would be in the future assuming different average yearly growth rates.

  2024 2030 2040 2050 CRO price prediction (5% yearly growth) $0.080 $0.107 $0.175 $0.286 CRO price prediction (10% yearly growth) $0.088 $0.156 $0.405 $1.05 CRO price prediction (S&P historical 11.8% ROI) $0.091 $0.178 $0.543 $1.65 CRO price prediction (BTC 5-year avg. yearly growth of 22.27%) $0.109 $0.36 $2.72 $20.3

*The S&P 500 index’s average rate of return over the past 66 years.

The calculations assume a CRO price of $0.073 (as of March 16, 2023).

CRO price history

CRO made its debut on the market in late 2018 when it was still known as the Crypto.com Chain Token. Later on, the token was rebranded to Cronos, which is the name that crypto enthusiasts are familiar with today. 

When CRO started trading, its price moved below $0.02 for about two months before it saw a big rally in March of 2019 that peaked at just above $0.12. The remainder of 2019 was mostly bearish for CRO as the token gave up most of the gains it achieved during this rally. 

The next major rally for CRO came in 2020, when CRO began climbing from a price of about $0.03 in March all the way to a local peak of $0.189 in August. 

The following year was the most bullish in the history of CRO and the token reached its current all-time high of $0.959 in November 2021. So far, CRO hasn’t managed to break the $1 price level. 

Following the ATH in November 2021, the CRO markets have gone through a massive crash during which the price of the token fell as low as $0.056. 

CRO crashed alongside the rest of cryptocurrency market, but its drop was particularly steep as many CRO holders were upset by changes implemented by the Crypto.com exchange. This included lower rewards for holders of the exchange’s Crypto.com Visa cards, which were one of the main drivers of demand for the CRO token. At the time of writing, CRO is down a massive 92.7% from its all-time high price.

Looking at the performance of CRO on a quarterly basis, we can see that the timing of purchasing CRO has been essential as the token has been displaying massive volatility. Overall, CRO has produced 9 positive quarterly performances and 8 negative quarterly performances. Q1 has been the best quarter to buy CRO so far. 

CRO price prediction for 2040

To make a long-term Cronos price prediction, we’ll be using the S&P 500 index’s average yearly growth rate. The S&P 500 index, which is used as a benchmark for measuring the growth of the U.S. equities market, has grown by an average of 11.8% over the past 66 years.

Let’s begin by seeing what would happen to the price of CRO if it grew at the same rate as the S&P 500 average yearly growth rate until 2040. 

As we can see, the price of CRO would be around $0.54 under this assumption. This would be about 7.4x higher than the current price.

Now, let’s take a more ambitious benchmark. Over the last 5 years, Bitcoin has seen 22.2% yearly growth on average. If you want to invest in crypto, this is more likely the kind of return you’d be hoping to see. Let’s take a look at what would happen to the price of CRO if it grew at this rate until 2040.

If CRO were to grow at 22.2% per year until 2040, the price of CRO would be $2.70. This would represent a 36.9x increase compared to the current price.

CRO price prediction for 2050

Let’s use the same benchmarks to make a CRO price forecast for an even longer period of time using our crypto profit calculator. Please keep in mind that it becomes increasingly difficult to make a prediction the further into the future we’re trying to forecast. This is especially true for crypto assets that don’t have a well-established price history and display a lot of price volatility.

If we assume Cronos would follow the S&P 500 average yearly growth rate of 11.8%, CRO would have a price of $1.65 by 2050. This would be an increase of 22.7x compared to the current CRO price.

Meanwhile, if we use Bitcoin’s average yearly growth rate over the last 5 years (22.2%) as our benchmark, the price of CRO would see truly major gains by 2050. Under this assumption, the price of CRO in 2050 would be $20, or an increase of 274x from the current Cronos price.

This would mean a $605.2 billion market capitalization for Cronos, using the current CRO supply to make the calculation. At the moment, it’s difficult to justify such a forecast given that the adoption of the Cronos ecosystem is still quite low. 

CRO price prediction for 2023-2024

Now that we’ve taken a look at some long-term CRO coin price prediction scenarios, let’s shift our focus to a more short-term price prediction. 

At the time of writing, the Cronos price prediction on CoinCodex is forecasting a relatively uninteresting year for the CRO price. Currently, the 1-year CRO crypto price prediction according to our algorithmic price prediction is $0.075, which would only be an increase of 3.2% compared to the current price.

The price prediction is forecasting significantly lower CRO prices in the short term, as it predicts that the price of CRO will drop all the way to $0.018 by June 2023 before beginning to mount a recovery. 

Long-term catalysts for CRO

CRO’s long-term success will likely depend on whether the Cronos blockchain platform can gain significant adoption. Another important factor for CRO is the Crypto.com cryptocurrency exchange, which uses the token in various products. Crypto.com has had a rough stretch as of late, as the exchange was forced to lay of 20% of its staff in January 2023 as demand for cryptocurrency investing and trading dried up in the bear market.

Cronos is currently the 10th largest blockchain in terms of the TVL (total value locked) in its decentralized finance protocols. The project is looking to onboard more projects to the Cronos blockchain through the Cronos Accelerator program. In addition, a fund called the CRO EVM fund has been set up that provides up to $1 million in funding to projects building on Cronos.

Currently, the biggest strength of Cronos appears to be these incentive programs, but the platform isn’t particularly innovative from a technological point of view. Cronos will likely need to offer a more unique proposition if it’s going to stay a relevant blockchain platform over the long term.

The bottom line

Cronos could have a bright future ahead of it, but it’s important to be careful when trying to estimate a cryptocurrency’s price trajectory over multiple decades. At the very least, we should expect CRO’s average yearly growth rate to decline from the current 181% figure.

Overall, it’s difficult to construct an overly bullish narrative for Cronos at the moment, as the blockchain is seeing limited levels of adoption and the Crypto.com exchange’s relative position in the industry has declined. 

If you’re interested in cryptocurrencies that could be worth holding over the long term, check out our list of the best long-term cryptocurrencies to invest in.