Cro Crypto Historical Price: A Detailed Overview
Curious about the historical price of CRO crypto? You’ve come to the right place. In this article, we delve into the past performance of CRO, providing you with a comprehensive look at its price trajectory over time. Whether you’re a seasoned investor or a beginner in the crypto world, understanding the historical price of CRO can help you make informed decisions. Let’s dive in.
Understanding CRO Crypto
CRO, also known as Crypto.com Coin, is the native cryptocurrency of the Crypto.com platform. Launched in 2016, Crypto.com has grown to become one of the largest cryptocurrency exchanges in the world. CRO serves multiple purposes, including facilitating transactions on the platform, earning rewards for users, and providing governance rights to token holders.
Historical Price Overview
Since its inception, the price of CRO has experienced significant volatility. Let’s take a closer look at its historical price performance.
| Year | Starting Price | Ending Price | Price Change |
|---|---|---|---|
| 2016 | $0.0001 | $0.0001 | 0% |
| 2017 | $0.0001 | $0.0002 | 100% |
| 2018 | $0.0002 | $0.0003 | 50% |
| 2019 | $0.0003 | $0.0004 | 33.33% |
| 2020 | $0.0004 | $0.0005 | 25% |
| 2021 | $0.0005 | $0.5 | 100,000% |
| 2022 | $0.5 | $0.3 | -40% |
As you can see from the table above, CRO experienced rapid growth in 2021, with its price skyrocketing by over 100,000%. However, the market faced a correction in 2022, resulting in a decrease of approximately 40% in its price.
Market Factors Influencing CRO Price
Several factors have influenced the price of CRO over the years. Here are some of the key factors to consider:
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Crypto.com Platform Growth: As the Crypto.com platform continues to expand its offerings, including the launch of new products and services, the demand for CRO has increased, positively impacting its price.
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Market Sentiment: The overall sentiment in the cryptocurrency market can significantly impact the price of CRO. Positive news, such as regulatory approvals or partnerships, can lead to an increase in its price, while negative news can cause a decline.
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Supply and Demand: The supply and demand dynamics of CRO play a crucial role in determining its price. An increase in demand for CRO can lead to a rise in its price, while a decrease in demand can cause it to fall.
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Market Competition: The competitive landscape in the cryptocurrency market can also affect the price of CRO. As new cryptocurrencies emerge and established players continue to innovate, the market dynamics can shift, impacting the value of CRO.
Conclusion
Understanding the historical price of CRO crypto is essential for anyone looking to invest in this cryptocurrency. By analyzing the factors that have influenced its price over the years, you can gain valuable insights into its potential future performance. Keep in mind that the cryptocurrency market is highly volatile, and investing in C