The trading volume of Cronos ID (CROID) is $4,174.82 in the last 24 hours, representing a -22.20% decrease from one day ago and signalling a recent fall in market activity. The highest price paid for Cronos ID (CROID) is $0.365624 , which was recorded on Dec 15, 2022 (5 months). Comparatively, the current price is -80.40% lower than the all-time high price. The lowest price paid for Cronos ID (CROID) is $0.069208530484 , which was recorded on May 19, 2023 (3 days). Comparatively, the current price is 3.50% higher than the all-time low price. Market capitalization of Cronos ID (CROID) is $2,477,818 and is ranked #1581 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CROID tokens (35 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of Cronos ID (CROID) is $71,583,315 . This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion CROID tokens are in circulation today. Depending on how the emission schedule of CROID tokens are designed, it might take multiple years before FDV is realized. The community is bullish as more than 100% of users are feeling good about Cronos ID (CROID) today.
There are two schools of thought in determining the price of Cronos ID.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Cronos ID, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Cronos ID from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Cronos ID on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Cronos ID as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Cronos ID and the cryptocurrency market as a whole.
2. What is the highest price of Cronos ID in history?
Cronos ID achieved the all-time high of R7.20 in 2022-12-15, and is currently trading at R1.24.
3. What is the lowest price of Cronos ID in history?
In 2023-05-31, Cronos ID reached the all-time low of R1.24.
4. Should I buy Cronos ID now?
It is important to remember that Cronos ID, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.