Chromia is an open source public blockchain conceived of by Swedish company Chromaway AB.
Chromia is a standalone Layer-1 blockchain and EVM compatible Layer-2 enhancement for Binance Smart Chain and Ethereum. It enhances existing dApps and allows the creation of next-generation dApps by providing scalability, improved data handling, and customizable fee structures. The blockchain uses a unique architecture called relational blockchain, as well as a custom programming language called Rell. Rell’s code and function is very similarly to SQL, allowing developers to leverage the security and immutability of blockchain while storing and handling data with the efficiency of a relational database. Each dApp running on Chromia operates on its own sidechain which is rooted in the main blockchain. This allows each application to scale more efficiently and gives each application developer the freedom to choose from a variety of fee structures. Let us review CHR Price.
CHR Price Prediction
CHR is trading just above the major support zone at $0.48. If it can stay above this support, this and accumulate, we could start seeing a reversal. Confirming the support at $0.48 could lead to a move towards $0.59, $0.66, $0.71, $0.84 and $0.94. Breaking the resistance at $0.94 could lead to a move towards $1.22 and $1.68. However, since $0.48 is an important support, if it breaks, CHR will be likely to drop towards $0.41, $0.34 and $0.27.
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