Chromia is a blockchain platform for the creation and deployment of decentralized applications (DApps). For each DApp, the platform enables the creation of numerous blockchains, each of which is run by a fraction of nodes to maximize throughput.
Chromia employs a scalable and cost-effective relational database strategy. DApps need scalability to grow at the same rate as their user base, which improves user experience and maintenance. According to Chromia’s white paper, DApps gain from consistency and low latency because of its relational database strategy. Chromia also developed Rell, a DApp programming language (relational language). DApps have several advantages, including the absence of control by a single organization, the inability to shut down applications,etc. Let us review the CHR price
CHR Price Prediction
Bullish Scenario: CHR rose to an all-time high of $1.5 in November on the back of rising interest in blockchain-based “play-to-earn” gaming, decentralized apps (DApps), and non-fungible tokens (NFTs). April had been a bit of a letdown after a great start, with the currency dropping. Since a few weeks, CHR has been in a downtrend channel, and we aren’t quite out of the woods yet to have a strong bullish bias. It is, however, trading above the $0.29 support zone. If it remains above this zone and the $0.48 resistance level breaks, we may see a move towards $0.57, $0.66, and higher.
Bearish Scenario: CHR is still in a downturn on higher time intervals like daily, weekly, and monthly. Failure to retain the $0.29 support level and a breach below $0.11 might result in a slide to $0.04 and lower.
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