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How much is the issuance price of CRO coin? The most complete summary of historical price details from 2013 to 2025

CRO coin experienced a bumpy ride, influenced by key events like exchange launches, partnerships, market downturns, and the collapse of Terra, while analysts anticipate a potential rise to $1.00 by 2025.

Feb 08, 2025 at 10:07 pm

Key Points:

  • Historical issuance price and supply distribution of CRO coin
  • Timeline of major events influencing CRO coin price
  • Price projections and market analysis for CRO coin's future value

Historical Issuance Price and Supply Distribution:

  • In June 2017, Crypto.com (then known as Monaco Technologies) conducted an initial coin offering (ICO) for CRO coins, raising approximately $26.7 million.
  • During the ICO, CRO coins were sold at $0.06 and $0.10, depending on the purchase tier.
  • The total supply of CRO coins was set at 100,000,000,000 with a circulating supply of 5 billion at the time of launch.

Timeline of Major Events Influencing CRO Coin Price:

  • 2019: The launch of the Crypto.com exchange, offering CRO coin holders discounted trading fees and other benefits, drove demand and increased its price.
  • 2020: The announcement of Crypto.com's partnership with Visa, allowing CRO coins to be used for payments at over 60 million merchants worldwide, further boosted its value.
  • 2021: Crypto.com's naming rights deal for the Staples Center in Los Angeles, now known as the Crypto.com Arena, garnered significant attention for the company and CRO coin, contributing to its price surge.
  • 2022: The cryptocurrency market downturn, coupled with the collapse of the Terra ecosystem, negatively impacted CRO coin's price, causing a significant drop in value.

Price Projections and Market Analysis:

  • Market analysts project CRO coin's future value could reach $1.00 by 2025, driven by the growing adoption of Crypto.com's products and services, as well as the broader acceptance of cryptocurrencies in mainstream finance.
  • The expansion of Crypto.com's ecosystem, including the launch of DeFi features and NFT marketplaces, is expected to provide additional growth catalysts for CRO coin.
  • However, it's important to note that cryptocurrency price predictions are speculative and subject to market fluctuations.

FAQs:

Q: When was CRO coin initially issued?
A: CRO coin was initially issued in June 2017 through an initial coin offering (ICO).

Q: What was the initial price of CRO coin?
A: During the ICO, CRO coins were sold at $0.06 and $0.10, depending on the purchase tier.

Q: How many CRO coins were issued initially?
A: The total supply of CRO coins was set at 100,000,000,000 with a circulating supply of 5 billion at launch.

Q: What factors have influenced CRO coin's price historically?
A: Major events such as the launch of the Crypto.com exchange, partnerships with Visa and major sports entities, and the broader cryptocurrency market sentiment have significantly impacted CRO coin's price.

Q: What is the projected future value of CRO coin?
A: Market analysts project CRO coin's future value could reach $1.00 by 2025. However, cryptocurrency price predictions are speculative and subject to change.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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