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Chromia Price Prediction: Will Chromia Reach $5?

Chromia is a project designed to combine the best of two worlds: the convenience and reliability of relational databases and the cryptography-based security of blockchain. Many analysts believe that this gives this project strong fundamentals and a promising future. You can read what those experts think in this article, containing their Chromia coin price predictions for 2021 and beyond.

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Chromia Fundamental Analysis

Project name
Chromia
Stock Symbol
CHR
Current Price
0.19698308
Current Supply
567369439.326204
ROI Since Launch
297.8185423719104
Official Website

Chromia is an open-source blockchain network that allows people to build dApps with real utility, including blockchain-based games. The unique characteristic of Chromia is that it is also a relational database, so the project’s backends are written in a specialized language that is coherent with the relational model. The project was updated from an earlier technology named  “Postchain” and was named Chromapolis at first.

Its goal is to overcome the limitations contemporary blockchains are facing, such as low-level security, high fees, and poor user and developer experience. The crew behind the project believes that when the goal is achieved it will accelerate blockchain projects to the mainstream. 

Chromia was introduced by the Swedish company Chromaway AB. The platform works as a standalone Layer-1 blockchain and also as a Layer-2 enhancement for Binance Smart Chain and Ethereum. Chromia Chains are anchored to the Proof-of-Work blockchain like Bitcoin or Ethereum. 

Chromia can be used for building any types of dApps and especially suitable for the cases involving management of complex data sets, for example massive multiplayer online games. It already hosts projects like Hedget, which allows users to trade crypto options, LAC property Chain, the government land registry enterprise. In 2021 Chromia collaborated with decentralized NFT Gaming platform My Neighbour Alice and provided a dedicated node to complete relational blockchain validation within the game.

The platform is powered by CHR — native token that was created in May 2019 to strengthen the relationships between all the network participants: users, developers and investors. It has a total supply of 978 million tokens with 567 million of them currently being in circulation.

Chromia Live Price Chart

CHR token was experiencing bullish trends from the beginning of the year. Its price almost doubled in January from $0.02 to $0.04. For the next 2 months, coin didn’t gain much value, but also didn’t lose it while the whole crypto market was quite uncertain. 

In March when general bearish trends had loosened up,  CHR went almost vertical, skyrocketing to $0.83 in a single day and showing over 4000% of increase since the beginning of the year. The correction came straight after, dipping the price to $0.17 for a short time. CHR recovered its value in April but was again corrected in May following bearish tendencies and experiencing a 38% pullback on May 23. It exactly matches the time when Bitcoin and other major crypto saw the crash. 

After that, the price stayed down and was bouncing around $0.25 till the mid of July. By the end of July, though, the bullish rally took another turn that lasted till early September. Following the overall market correction, the token price declined to $0.258. It stayed bouncing between $0.29 and $0.34 till the end of October when suddenly it went up, reaching an all-time high of $1.23 on November 10.

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Chromia Technical Analysis

Despite the fact that 100% accurate technical analysis for Chromia cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated CHR buy-and-sell rating for selected timeframe. The summary for CHR/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Chromia Price Prediction

Below we have collected the most reliable price projections for Chromia (CHR) from popular forecast platforms.

Chromia Price Prediction for 2022

As of the end of 2022, Chromia price predictions remain predominantly positive, with some analytics promising the price at about $0.27, while WalletInvestor even cites the possibility of the price reaching $0.682 by the end of the year.
Potential ROI: 110% Buy

Chromia Price Prediction for 2023

According to WalletInvestor, in 2023 Chromia investors should expect price growth to $0.87, which seems a good reason to consider Chromia as an investment option. TradingBeast, in turn, predicts the price increasing to $0.326667, and PricePrediction.net agrees with a predicted growth to $0.36.
Potential ROI: 163% Buy

Chromia Price Prediction for 2024

The experts are unanimous in their Chromia price forecasts for 2024 — everybody expects Chromia’s price to grow by the end of that year. TradingBeast predicts the price growth reaching $0.37403. According to WalletInvestor’s research, Chromia’s price can go up to $1.061. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 Chromia’s price will be about $0.5.
Potential ROI: 227% Buy

Chromia Price Prediction for 2025

Both TradingBeast and WalletInvestor predict the Chromia market to grow in 2025, resulting in $0.451334 and $1.343 by the end of the year respectively. Other Chromia price forecasts support the idea: PricePrediction.net forecasts Chromia to reach $0.72 by December 2025.
Potential ROI: 325% Buy

Chromia Price Prediction for 2030

Most experts are expecting an encouraging future for Chromia: long-term Chromia price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $0.433281, while WalletInvestor goes for $0.72522. PricePrediction.net also puts big hopes on Chromia in the long term: its Chromia prediction for 2030 is $4.64.
Potential ROI: 881% Buy
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Summary

As it can be clear from the analysis cited above, Chromia (CHR) projections are rather contradictory. There is no universal consensus either about positive or negative future CHR price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Chromia projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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