- CRO price has crashed by more than 80% in 2022.
- Cronos Labs launched Cronos Play in the Unreal Engine Marketplace.
Cronos price has been in a downward trend in 2022 and is hovering near its lowest level this year. CRO has crashed by about 90% from its all-time high. As a result, its market cap has plunged to over $2.5 billion, making it the 27th biggest cryptocurrency in the world.
Cronos Play for Unreal Engine
Cronos is a leading EVM-compatible blockchain project that was developed by Crypto.com using the Cosmos SDK. It is a platform known for its low gas fees and superior execution.
Launched in 2019, Cronos has had a strong performance in key areas of the decentralized universe. It is a leading player in DeFi, where its total value locked (TVL) surged to an all-time high of over $4 billion. Some of its most active DeFi platforms are Tectonic, VVS Finance, and MM Finance.
Like other chains such as Ethereum and Avalanche, Cronos has seen the value locked in its platform plunge this year. According to DeFi Llama, the platform has a total value locked (TVL) of over $600 million, making it the 10th biggest chain in the world.
Cronos is also seeking to become a major player in the gaming industry. In a statement, Cronos Labs said that it had launched Cronos Play for Unreal Engine on the Unreal Engine Marketplace.
Cronos Play is a comprehensive suite of developer tools and integrations that help developers create and streamline the creation of blockchain games. The product has already been downloaded by more than 15,000 by developers. In a statement, Ken Timsit of Cronos said:
“The Cronos developer community saw the need for a Plugin to make it easy to add blockchain functionalities to the next generation of games and metaverse applications. Game developers downloaded the Plugin more than 15,000 times in three weeks.”
Cronos’s gaming ecosystem is growing. On its website, it lists games like Cronos Lioness Club and Cowboys that have been built on its ecosystem.
CRO price prediction
The daily chart shows that the CRO price has been in a strong bearish trend in the past few months and is now hovering near its YTD low of $0.0978. It has crashed below the 25-day and 50-day moving averages while the MACD has moved to the neutral level.
The Relative Strength Index (RSI) has been in a strong downward trend as well. Therefore, the coin will likely continue falling as sellers target the next key support at $0.085. This price is about 14.3% below the current level.
