Categories: Bitcoin Business Chain’s CRO Goes Berserk to Gain 468% in a Week

Click here to view original web page at
One lesser-known crypto token has made eye-watering gains this week. | Source: Shutterstock Chain might be one of the only nascent crypto projects that have maintained its upside hype for a straight week.

The project’s CRO token on Friday noted yet another massive movement to the upside. The CRO-to-dollar rate rose as much as 65 percent, bring the pair’s weekly return to a whopping 468 percent. In the said timeframe, the CRO price jumped from a meager $0.019 to a weekly high towards $0.108. At the same time, the CRO market cap surged from $65.736 million to as high as $428.14 million.


Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click .

Crypto exchange Bittrex continued to host a majority of CRO-enabled trades. Based on a 24-hour adjusted timeframe, the exchange hosted $4.69 million out of the total $5.35 million CRO trading volume. That’s almost 88 percent of the overall daily volume. Interestingly, a majority of traders left Bitcoin for CRO, evident by the slow sideways performance of the king cryptocurrency in the recent weeks.

Strong Fundamentals

In our previous coverage, we discussed the key fundamental factors that were maintaining the bullish bias in CRO markets. First, it was the CRO listing announcements on Bittrex and Indodax. The Chain team also announced that it had partnered with an Indonesia-based dropship e-commerce company Yoshugi Media Group.

From the way it looks, those fundamentals stayed for dinner. Chain today announced that another crypto exchange, Upbit, would list CRO pairs.

The @cryptocom Chain ($CRO) Token will be listed today on @UPbitExchange! Open-source of @Cryptocom Chain Testnet v0.1 scheduled on Wednesday, March 20th. Read more here –

— (@cryptocom) March 15, 2019

Technically, the CRO-to-dollar rate formed a bull flag after its first upside move, signaled by the ongoing pumping phase. It indicates that more traders are willing to purchase CRO on new higher high formations. While these bets remain risky, they also suggest a robust bullish bias in the CRO markets.

But fundamentally, Chain is looking stronger. The Hong Kong-based project reportedly offers merchant-centric crypto payment solutions. It has already rolled out its software development kit “for selected merchant partners to begin their integration process.” Let’s see what Kris Marszalek, the co-Founder, and CEO of, has to say about that.

“We’re thankful to Upbit for their support of our project. Our Chain team is on a tear recently – the Pay SDK shipped to merchant partners last week. On top of [the] opening of the Pay platform to our 400,000 users this week, our team has scheduled to open-source the first version of Chain Testnet on Wednesday, March 20th as a part of a broader Dev Update. This is another milestone achieved ahead of schedule communicated in the CRO whitepaper.”

CRO Price Action

As of 1000 GMT, the CRO-to-dollar rate is undergoing a minor correction – it has dropped 17.39 percent from its intraday high. It could be an indication of another bullish flag formation. At the same time, it could also be a signal for an all-and-all dump. A week-long rally does not mean an extended bullish bias, indeed.

As we are not actively trading CRO, it would be unwise of us to say anything further. We may end up moving a small portion of our bitcoin holdings to CRO as a test-trade. Would you like to read a dedicated CRO technical analysis? Let us know in the comment section below.

Meanwhile, readers can check this out:


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin {BTC} founder Satoshi Nakamoto will allegedly disclose his identity; Charlie Lee rejoices with regards to Bakkt launch

Satoshi Nakamoto was the man behind Bitcoin. His personal identity has remained secret for over a decade. Some believe that… Read More

2 hours ago

Crypto Community Reacts to Bakkt But Not all Are Bullish

The news that regulatory approval has finally been granted to Bakkt has generally been perceived as bullish for the industry.… Read More

2 hours ago

Bitcoin is not behaving like a safe-haven asset, says Ikigai founder Travis Kling

Kling doubts whether Bitcoin is ready to assume safe-haven responsibilities like its peers such as gold. Kling did note Bitcoin’s… Read More

2 hours ago

Istanbul Hard Fork: Ethereum Devs Agree to Make Six Different Code Changes

The developers of Ethereum (ETH), the world’s largest platform for building decentralized applications (dApps), have finalized six different codebase modifications… Read More

2 hours ago

Blockchain Voting System in Moscow Municipal Elections Vulnerable to Hacking: Research Report

A recent research report by a French cryptographer demonstrates that a blockchain voting framework utilized in Moscow’s municipal elections is… Read More

2 hours ago

What Would It Take To Build A World Without Globalists?

Authored by Brandon Smith via, You can bet that whenever you find people analyzing the root of a problem… Read More

8 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More