CRO CRANE is rising as a voting for burning $ 50m Croos Token starts

Cronos price increased 17. March After the voting of strategic reserves, it passed a wide margin and after launching a new 50 million coin proposal.

Cronos (Insert), Previously known as Cripto.com Coin, climbed to $ 0,090, more than 26% of its lowest level this month.

Carefully watched vote to create Cronos strategy reserves passed a wide margin. This means that the network will create 70 billion new CRO tokens, effectively reverse the combustion event that was held in 2021. years.

New tokens will be unlocked monthly over the next 10 years, which could lead to dilution. However, Presented developers The creation of these reserves will help increase the ecosystem and get over a billion users over time. One of the key initiatives involves creating funds traded by exchanged by CRO Token.

The challenge for most rudder is to create 70 billion new tokens will increase supply, which could strive for price.

Cronos price rose after developers proposed ignition 50 million coins of 70 million CRO in the community pool.

This will be the fourth token burning in recent months. According to current prices, these tokens are valued at about $ 4 million. Voting, which is expected to be easily passed, will be started by 17. Marta.

Cronos price analysis

The daily shows that Cro’s price moved to the side in the last few days. It remains below the 50-day and 100-day exponential moving average.

CRONOS has formed a symmetrical triangular sample whose two lines are closer to convergence – a sign that a significant move can be on the horizon.

The relative strength index and average convergence moving and playfulness or MACD formed a pattern of bakery. This happens when the oscillators are in postrandnd while the property is declining.

Cronos also formed a triple bottom sample to $ 0.0710. Failed to go below this price three times from 2024. Years.

Therefore, the coin can be refused soon if he holds above support to $ 0.0710. If this happens, the next goal will be averaged for an average of 100 days of $ 0.1080, about 30% above current level. The fall below the triple samples to 0.0710 USD would not undo the Bikovskoum look.