您现在的位置是:Cronos struggles to break out despite major ecosystem developments >>正文
Cronos struggles to break out despite major ecosystem developments
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛65人已围观
简介Cronos (CRO) has been one of the most underperforming coins in the market over the last few months. ...
Cronos (CRO) has been one of the most underperforming coins in the market over the last few months. The coin has literally blown hot and cold but despite this, it has failed to establish any decisive breaks. However, Cronos still continues to report major ecosystem development news. Here are the highlights:
Cranos recently announced a partnership with racing giant Aston Martin
The coin has however failed to reflect these huge developments in the pricing
Cronos remains well below the $0.2 mark and could stay there for a while
Data Source: TradingView
Where does CRO go from here?
There is no doubt Cronos is a huge project in crypto. The fact that the coin is now selling for less than $0.2 suggests that it’s undervalued. As more ecosystem developments continue to be reported, we expect the underlying fundamentals for Cronos to improve. This will however not reflect in the price until overall sentiment in the market improves.
As long as crypto investors are not willing to take risks, then fundamental ecosystem news doesn’t matter. But despite this, CRO still has enough potential to surge to $0.5 this year. This will roughly be more or less where it was a few weeks ago.
Nonetheless, it will still be a growth of around 5x. Now, this will of course not happen in a few days. But before the end of 2022, CRO could easily be 5x your money, especially if more and more investors discover just how undervalued it is.
How to trade CRO
The best play for CRO has to be long-term. There is just so much volatility in the market now, so predicting assets in the short term is very hard.
But if you don’t mind holding CRO for a few months, then you will definitely get some amazing returns. Even if the coin doesn’t hit $0.5, you could still end up with decent double-digit returns.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/58665.html
相关文章
SpaceX shares stunning images of Starship liftoff and separation
Cronos struggles to break out despite major ecosystem developmentsBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.SpaceX ha...
阅读更多
Polkadot (DOT/USD) token disappoints again
Cronos struggles to break out despite major ecosystem developmentsThe Polkadot token has crashed by double digits in the past two weeksThe cryptocurrency was among th...
阅读更多
Ripple (XRP/USD) price stalls as Ripple CEO remains “cautiously” optimistic about 2023
Cronos struggles to break out despite major ecosystem developmentsXRP has stalled for the last 3 weeksThe price has been tied to the crypto sentiment and case with SE...
阅读更多
热门文章
最新文章
Altcoin markets tumble further at the start of the new week
'Nuclear medicine': UK startup's fusion reactor could treat cancer
Orbit Fab and ispace team up for lunar propellant innovation
China claims to have developed AI chip more powerful than US’s Nvidia
This award
Here are three reasons behind the recent Propy (PRO) price surge