It's a fantastic hike round the crater rim. Takes between 3-5 hrs depending on how quick you go and there's a fair old bit of scrabbling through rocks but it's worth it on a clear day. If there's mist I wouldn't bother.
We had views to Cotopaxi, and weather that would hide the lake from us at times but reveal its beauty a few moments later. We actually lost the trail in the fog and descended into the crater so word to the wise..... Don't deviate away from the top of the rim or it's a harsh climb back.
Weather changed from bright sunshine, to deep fog to sunshine and wind to rain very rapidly so bring sunscreen, water and a few extra layers in case.
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