CHR Price Prediction

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

CHR Price

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.

Join us on Telegram to receive free trading signals.

For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.

Images courtesy of TradingView.


The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate. However there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.