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Arbitrum (ARB) and Cronos (CRO) are among the top five crypto assets nearing death, which is to say, reaching a value of $0.
This is stated by the index created by HedgewithCrypto, which also predicts how soon it will happen.
Arbitrum (ARB) and Cronos (CRO): according to HedgewithCrypto they are close to being worth $0
The index created by HedgewithCrypto has analyzed current market trends, predicting crypto assets that are close to dying, meaning they are close to being worth zero dollars.
The ranking sees Arbitrum in first place, with a probability that ARB will touch $0 in the next six months. Following suit are Aptos, OKB, Near Protocol, and in fifth place Cronos (CRO), which is instead predicted to see bankruptcy in 20 months.
In the case of Arbitrum, HedgewithCrypto’s predictions are catastrophic because of its current market trends, despite a slight increase in value of 2.80% over the past six months.
Following with the ranking, it seems that other major crypto assets are also experiencing price trends that hint at failure.
And in fact, in sixth position is the metaverse crypto The Sandbox (SAND) with a 20-month timeline for its failure. Then there is also MultiversX, Solana, Polkadot, and Avalanche, which instead could die within the next 21 months.
Arbitrum (ARB) and Cronos (CRO): how are the two crypto assets doing?
Looking at the price charts of Arbitrum (ARB) and Cronos (CRO), it is possible to identify how the two crypto projects are progressing.
And in fact, ARB is experiencing a price pump of 2.30% in the last 24 hours and 13% in the last month. However, if you look at the price chart since New Year’s Eve 2023, ARB appears to be in a deep bearish market.
For Cronos, the crypto exchange Crypto.com, the situation is not so different. And in fact, the price of CRO is up 2% in the last 24 hours and 3% in the last month, but looking at the yearly chart, CRO has lost 50% of its value.
Analyzing the trend over the long term is critically important, considering that just last year, the entire industry experienced what has been called “the long crypto winter.”
In this regard, the queen of crypto assets, Bitcoin (BTC), is in a 50% pump compared to last year, while Ethereum (ETH) is bullish by as much as 65% compared to 1 year ago.
The latest news from the two projects
Peeking at what is the progress of the two crypto projects, the situation does not seem to be so catastrophic.
For Arbitrum, for instance, its network was recently chosen by The Graph, the crypto project for indexing and querying data on blockchain.
Indeed, The Graph is nearing the end of its migration to the Arbitrum network, which represents a Layer 2 optimistic rollup built on Ethereum.
Regarding Cronos, the crypto recently updated its community with the progress of its roadmap.
Basically, it appears that the updates implemented on the protocol have improved its scalability and reliability, with a 2- to 30-fold improvement in one particular performance metric.
CRO of course remains associated with the vicissitudes of its crypto-exchange Crypto.com, which in recent months, has joined the crypto companies fleeing the US in obtaining new licenses.
Indeed, in the United States, the Securities and Exchange Commission (SEC) has come out against crypto-exchanges on charges of insider trading, or offering crypto defined as unregistered securities.