< Back

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.

Swap Tracker

Chromia Fundamental Analysis

Project name
Chromia
Stock Symbol
CHR
Current Price
0.8163
Current Supply
567369439.326204
ROI Since Launch
1529.6464086229637
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.

Best fiat-to-crypto offers
usd
usd
btc
btc
Buy crypto Buy crypto

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.

WalletInvestor CHR Price Prediction for 2022, 2024, 2026

According to WalletInvestor, Chromia price will grow from $0.8163 to $1.703 in one year. That makes CHR an awesome investment. The long-term earning potential is 108.62%. Predicted price for the end of 2027 is $4.955.

TradingBeasts CHR Price Prediction for 2023

Answering the question about if Chromia is a good investment, TradingBeasts say a resounding yes. In the 2022 perspective, this coin price is predicted to reach $1.1504321 with a reduction to $0.9819071 by the end of 2023.

DigitalCoin CHR Price Forecast for 2022, 2023, 2024, 2026

In DigitalCoin analysis, the price of Chromia cryptocurrency will rise in the next 5 years starting from $0.8729266 as of today’s price to $3.6025462. It will go up to $1.2885264 by 2023 and starts its reduction in 2024-2025. Based on this forecast, Chromia is a profitable long-term investment.
Share your thoughts on CHR with our community!

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).
All you need for your research in one channel!
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.

About SwapSpace

SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 750 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.

Exchange Chromia

This pair is not available for exchange