CRO/BTC Conslildates on the Weekly

Written By Guest User
CRO/BTC ratio weekly candle chart, approximately 1:30pm ET, 10/13/21.

CRO/BTC ratio weekly candle chart, approximately 1:30pm ET, 10/13/21.

The ratio of CRO to BTC is consolidating fairly strongly since Bitcoin started strongly outpacing CRO at the end of last year. This consolidation range in its ratio to BTC has been strong for almost a year. This is important to note from a technical perspective because it means it has been relatively steady in following BTC’s price action over the past year.

Next month CRO is supposed to be releasing a scaling solution going mainnet. This update is called Cronos. This will be using a separate blockchain to help scale payments and allow for cheaper, more efficient transfers. This would enable smart contracts on the network. Cronos is set to go mainnet on November 8th.

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