Technical analysis by Cryptolistica about Symbol CRO: Buy recommendation (2/24/2025)

CRO 2025 TargetsTP1: 0.38$TP2: 1.37$ (New ATH)Cronos has been underperforming expectations of most, disappointing majority of the community. Their native token Cronos, also used as an utility token for staking on the exchange or app has fallen over 80% ever since CDC decided to change staking and card rewards.crypto.com/en/product-news/crypto-com-visa-cards-updateThis news on 1 May 2022 has been the catalyst of CRO's steep decline, coupled with the bear market market-wide selloff since 2022. Ever since then, Cronos has been facing difficulties regaining previous highs, as most investors are eager to break-even or exit any positions they have left in the ecosystem/company. In addition to that, CDC has not since introduced any substantial benefits for the average investor <5000$ (Indigo Blue and below) to have a stake in Cronos. Now, transactions on the Crypto.com app incur high fees and large spread, this itself is a source of revenue for Crypto.com. The application itself is not very intuitive and has average response time for user actions on the application. For a high volatility market like cryptocurrency, users need to be able to open the app, buy/sell their desired cryptocurrency in under 30 seconds from the moment they open the app. (MEXC and Binance has lived up to this expectation on their exchange app).They seem to take marketing as their primary strategy in the crypto space instead of user experience, constantly putting the Crypto.com name out there in big venues e.g: Formula 1, NFL, Crypto.com Arena (Previously the iconic Staples center), Las Vegas Sphere, and of course hiring Hollywood star Matt Damon for the iconic "Fortune favors the brave" advertisement. The intended outcome from all this is to onboard as many users into the Crypto.com ecosystem and for the average user to invest/own cryptocurrency via the Crypto.com app, and perhaps take a stake in the CDC cards while using the app. Hence, tying into their vision of "Cryptocurrency in every wallet".One might ask "Why do you still invest in CRO despite everything you said?". Reason is that CDC is still be building their company and vision in general, having ambitious plans for 2025 and beyond with their recent roadmap. They are also one of the only crypto entities that has obtained approvals and licenses in multiple jurisdictions. Refer here: crypto.com/licenses.However, just as how Crypto.com did away with the MCO token in 2020, there is still the possibility that they could do the same with CRO. One should be prepared if such an event was to happen. Nevertheless, despite the horrendous price action and uncertainty around Crypto.com, I continue to hodl what I have in CRO. If Crypto.com doesn't make it, the cryptocurrency space won't make it as well.