Hi friend and those new to my Blog you are welcome. Without wasting most of you time let get don to business.
I am going to a weekly review of how CRO performed this week an how it out-shined other alt-coin and then we will do a short analysis technically and some fundamentals. Lets take a look at the below picture and see the chart patterns and we are going to be using 4hour time-frame.
If you look closely on the above picture you will see that just before that blue horizontal line the sizes of candlesticks where very small which is a sign of low volumes and as a result of that the price made tiny movements up and down, it was behaving like a stable coin. Then from 1 Novembver there was life as we could see that sizes of candlesticks where now a bit bigger as if something was cooking up.
Then we got to 04 November and we can see that the CRO was now on a bullish train, it was like a raging bull. I am sure you all want to know what caused this movement, well this question is going to be answered by the below picture:
On the above picture we can see that there is a notification on the charts which says that Coinbase listing and that tag has a date on it 03 November 2021 and from our previous chart this was done before the bull run. So from this we can not deny that the Coinbase listing awakened the sleeping bulls in CRO and everything was marvelous. This listing helped push up the trading volumes as CRO moved from $397,610,506 to $1,164,943,417 it almost tripped it. Then its Market Capitalization moved from $5,390,084,073 to $8,373,640,521 and the prices sky rocketed from $0.21 to Hit its all time high of $0.4091 and it moved ranks from #40 to 25.
As we are approaching another trading week we expect another bullish run due to it Mainnet launch which will have lower gas fees and faster transaction confirmations. This will help increase more volumes since investors will migrate from CRO ERC-20 to CRO which runs on cronos. Currently we are in a retracement as the price is trading at $0.335 but next week we expect more volumes and new All Time High.
Conclusion
If they could list it on another Big exchange platforms like Robin Hood, Binance this will help Push the trading volumes and daily transactions. This will create scarcity in he market due to higher demand and this will drive the price to the moon.
