CRN price analysis – Is CroNodes worth investing in?
Are you pondering on investing in Cronodes and wondering about CRN price and recent performance on the crypto market? In this article, we will discuss crn price, its tokenomics, price forecast, and finally, see if it’s a good investment at this moment.
Let’s see how the token is performing right now, according to statistics. Cronodes tokens were launched in January 2022 and are built on the Cronos blockchain. At the moment of writing, the CRN price is $0.02419026. It recently had a large bounce in value but also raises concerns about its transparency and legitimacy.
CRN Price Analysis
24h Low / 24h High N/A
7d Low / 7d High N/A
Trading Volume –
All-Time High $52.95 February 17, 2022 (about one year)
All-Time Low $0.02064094 December 20, 2022 (5 months now)
Now. let’s take a look at CRN tokenomics. According to CroNodes documentation, when a node is generated, 14 of the 20 CRN tokens sent go to the rewards pool, two to the CRN/CRO liquidity pool, and four to the marketing team. CoinGecko data shows that the total supply of CRN is 20.45 million tokens, giving it a market capitalization of around $10.37 million at an exchange value of $0.5. 95% of tokens are in a burn address, so we can assume that the circulating supply is around one million tokens, valued at $500,000. The rewards address holds $6,305 in CRN tokens, making up 0.06% of the total supply, decreasing from over 0.5% in May.
Cronodes price analysis
The value of CroNodes (CRN) has currently gone up by -% in the last 24 hours and -% in the last 7 days, with a circulating supply of 0 CRN and a market cap of -. The trading volume of CroNodes (CRN) is now $10.42, indicating a growth in market activity.
CroNodes (CRN) reached its highest price of $52.95 on February 17, 2022, around one year ago. Right now, its price is lower than the all-time high. The all-time low for CRN is $0.02064094, recorded on December 20, 2022. The current price is higher than the all-time low. The market capitalization of CRN is #N/A and is ranked on CoinGecko. This value is determined by multiplying the token price and the circulating supply of CRN tokens. The token is not currently on the Coinmarketcap list.
How does the price performance of CroNodes compare against its peers?
CroNodes (CRN) has seen no price change over the last week, outperforming the global cryptocurrency market’s -4.90% slump, as well as similar Cronos Ecosystem cryptocurrencies, which are down -0.60%. If you want to buy CRN, you can do so on decentralized exchanges, the most popular being Cronaswap. The most active trading pair there is CRN/WCRO, with a trading volume of $10.42 in the last 24 hours.
CroNodes (CRN) is a blockchain-based investment platform with an easy-to-use interface that gives users a 5% annual yield. It pools funds from protocol-owned liquidity and DeFi protocols across different blockchains to generate rewards for investors. Still, its recent price dip has caused some worry. This article examines the key components of CroNodes, its advantages and disadvantages, and potential future price predictions.
How does CroNodes work?
CroNodes is tailored for the casual investor looking for a steady, albeit small, return on their investment. After buying some CRN and linking it to a wallet, the user can stake 20 CRN, and from there, they can expect to receive a daily reward of 0.5 CRN (2.5%).
People may be curious about what DeFi protocols are utilized by CroNodes to create profits. That information is not revealed on the website. However, the disclaimer states that the CRONODES DeFi proprietary allocation technology is still being developed and not yet functional. There’s no guarantee that this technology will be completed by a certain date nor that it will work as intended.
It appears that the developers determine decisions about investment approaches. Suggestions for investments are also being discussed on the official Discord channel. Inquiries have been sent out on Discord and Twitter to gain more information about the situation.
CRN price prediction
CroNodes has recently been delisted from CoinMarketCap and has since experienced a severe decline in value. Despite this, DigitalCoinPrice and PricePrediction have estimated that the price of CroNodes could increase substantially over the next decade.
DigitalCoinPrice has predicted a 92% increase to $0.96 by 2022, followed by a price of $1.45 by 2025. PricePrediction’s 2022 projection is slightly higher at $1.12, with the 2025 prediction being $3.57.
The CroNodes price prediction for 2030 is $3.40, with PricePrediction’s 2030 prediction being $21. Despite these predictions, it is important to note that they should still be viewed as highly speculative.
Should you invest in Cronodes?
How many CroNodes are out there? The total supply of CRN is 20,456,743, with 19,456,743 in a burning wallet. That means one million are currently in circulation.
So, is investing in CroNodes a good decision? Due to some transparency issues and the token’s recent lack of value, Currency.com suggests a full investigation into the project. It includes reading the whitepaper, following their social media, and getting an outside opinion.
Could the price of CroNodes go up? Despite the recent performance, some digital analysts think the token’s value may increase. It’s essential to do your research before investing in any cryptocurrency.The CRN ranks at 4,948th position. Therefore, we cannot say that this token is very reliable.
When it comes to choosing whether or not to invest in CroNodes, the choice is up to you. If you are contemplating putting money into the project, research its prospects and decide for yourself what the CRN value may be. This article serves not as financial advice but as a source of neutral information.
Is Cronodes a legit crypto project?
CroNodes does not appear to be very open with its operations. The people behind the project remain unknown, and their website’s registration details are hidden. Such secrecy can be off-putting to potential investors and make it hard to trust the project. Additionally, the recent decision to halve the daily rewards is worrying. However, the team has explained that this move is necessary to ensure the project’s longevity.
CroNodes had a robust presence on social media, especially on Discord, where investors made decisions. They did not follow any “know your customer” regulations. Their rewards pool had a large amount of money, and outbound transactions were seen, likely indicating investors were receiving returns, though their value was decreasing. Unfortunately, their Discord was shut down due to death threats directed at the team.
Summary – Is CRN a good investment?
Always thoroughly investigate any projects and platforms before you entrust your money. Also, make sure you peruse the white paper and scrutinize the social media accounts related to the project.
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