Chromia (CHR) price analysis after it reached a record high today | Invezz

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Chromia CHR/USD has skyrocketed from $0.43 to $0.84 in less than twenty-four hours, and the current price stands at $0.75. There are already many projects on Chromia blockchain, and it has recently announced a collaboration with Revolve Games.

Blockchain platform for dapps

Chromia is a blockchain platform that allows you to build decentralized apps, and it is designed to enable a new generation of dapps to scale beyond what is currently possible.


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Chromia is suitable for almost all kinds of dapps, from large enterprise applications, games to smaller projects. The priorities of Chromia are to allow dapps to scale to millions of users and to improve the user experience.

Chromia offers the same level of transparency and decentralization as other public blockchains, but it can be used as a private, public, or hybrid blockchain.

Many projects already collaborate with Chromia, and according to the latest news, Revolve Games has become the newest strategic partner of Chromia in the world of blockchain gaming. Team of Chromia added:

As we move closer to Layer-2 and Layer-1 functionality, it becomes increasingly important to attract third-party developers to our blockchain. In Revolve Games, we have found an energetic and professional team who share our enthusiasm for the future of blockchain gaming.

CHR is the native cryptocurrency of the Chromia platform, which can be used by dapps to pay hosting fees and to make sure that providers have a stake in the Chromia ecosystem.

CHR is an ERC20 token, but according to the Chromia plan, CHR will change its form from an ERC20 token to a native one. CHR has a current circulating supply of 567,369,439 tokens, while the total supply is limited at 978,000,000 tokens.

Chromia is continuously working on new features and options, which are very important for expanding its ecosystem. The popularity of this blockchain platform is rising across the globe, while more and more exchanges are offering CHR cryptocurrency.

CHR has reached a new all-time high

CHR has been one of the best performers on the cryptocurrency market this Tuesday, and the price of this cryptocurrency has reached a new all-time high of $0.844.

Data source: tradingview.com

CHR is trading currently below the record highs, but if the price jumps above $0.90 resistance, it would be a signal to trade CHR. The next price target could be around $1 or even above; still, if the price falls below $0.60 support, it would be a strong “sell” signal.

Summary

Chromia is a blockchain platform that allows you to build decentralized apps while the CHR token is a utility token that can be used within the Chromia platform. CHR has been one of the best performers on the cryptocurrency market this Tuesday, and the price of this cryptocurrency has reached a new all-time high of $0.844.

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