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.