Cronos (CRO) price is down 19% this month. On-chain data suggests that long-term investors are now losing confidence. What is the most likely CRO price prediction for the coming weeks? 

On Friday, May 26, Crono (CRO) price dropped to $0.06 for the first time since January 2023. With long-term holders exiting their positions, here’s a data-driven analysis of where CRO prices could go next. 

Cronos Long-Term Investors Are Selling 

The 18% price drop in May can be attributed to the bearish trading activity among the long-term investors on the Cronos network. 

Indicatively, between May 1 and May 26, CRO Mean Coin Age dropped 22% from 45.5 to 35.5. In simple terms, Mean Coin Age evaluates how long CRO coins in circulation have stayed in their current wallet addresses.

When it drops considerably, as seen above, it indicates that most long

Go to Source to See Full Article
Author: Ibrahim Ajibade

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details