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Highlights
- Chromia (CHR) is a public open source blockchain protocol which aim to help decentralised apps scale
- The coin has surged over 19 per cent in the last 24 hours following the news of Chromia blockchain based video game My Neighbor Alice (ALICE) set to launch on Steam in 2022
Cryptocurrency prices have exploded in the past year or so and have increasingly gained mass attention, driven by the oldest and largest cryptocurrency, by market cap, Bitcoin.
It has also caused newer digital currencies to enter the market to address some concerns of the more popular existing cryptocurrencies. One such altcoin to take notice of is Chromia.
Chromia was launched in May 2019 and is a decentralised and open source blockchain protocol which is focused on enabling new decentralised applications (DApps) to scale. Chromia can be used to build all types of DApps across finance, gaming, real estate and other options across decentralised finance (DeFi) and non-fungible tokens (NFT).
How does Chromia differ from other cryptos?
It is built on the Ethereum network and its native token is CHR. While Ethereum has the functionality to allow any types of apps to be implemented using its platform, the Chromia protocol was created in order to address the existing challenges of high fees, lower levels of security and other issues faced by developers on the Ethereum blockchain.
Some of Chromia’s key features includes resolving the scalability challenge, by allowing DApps built on its protocol to extend to millions of users, better security, improved user experience and more.
Chromia (CHR) latest price performance
The Chromia coin was trading at US$ 0.4093, higher by 19.84 per cent in the past 24 hours as of 16 August at 06:04 AM, according to cryptocurrency database CoinMarketCap.
Its native or ERC 20 token is called CHR. CHR’s market cap stands at US$ 175.518 million and its total traded volume is at US$ 611.189 million, up by 1011.74 per cent as of 16 August.
Chromia’s return on income for investors who purchased the coin at the time of launch (or at its earliest known price) is 303.17 per cent.
Related Articles: Can ether prices rise on the back of Ethereum’s London upgrade?
Recent developments
A pllay to earn multi player video game called My Neighbor Alice (ALICE) was built on the Chromia platform. ALICE is set to be launched on Steam in 2022 and is one of the most recent DApps created on the Chromia platform, which is gaining traction.
Related Articles: Which is the best cryptocurrency you can invest right now?
Conclusion
As the blockchain ecosystem has risen at an accelerated rate recently, especially in the De-Fi and NFT space, Chromia is expected to rise. According to crypto database website, Wallet Investor, CHR’s one-year forecast is estimated at US$ 0.542. Also, according to crypto blog, Gov Capital, CHR’s one-year forecast it should reach US$ 0.671793.
