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Will high social sentiment help CRO chart Solana-like gains

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AMB Crypto

Thu, Nov 25, 2021

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Aliens TLDR

Crypto.com coin was one of the few tokens that rallied against the tide noting high gains and making a new ATH as Bitcoin triggered larger market sell offs.

CRO, after making an all-time high of $0.974 on November 24, has started to see minor consolidation at the time of writing which, many in the market fear could be the end of CRO’s rally.

Notably, there has been a positive correlation between the coin’s price and social volumes, now as social volumes decline, CRO’s price too seems to be losing ground.

Interestingly, CRO’s social volume chart when compared with Solana’s rally presents a similarity.

CRO’s on-chain activity showed progress as a continued uptick in DAA was seen, however, it seemed unlikely that this would continue, mostly because its market had started to look overheated.

Further, CRO’s volatility was seeing ATH levels at the time of writing which would mean high fluctuations in the price could be seen in the short term.

At the time, however, with price falling to some extent, it remains to be seen whether these are just short-term corrections or if the CRO rally would come to an end soon

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