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Chromia (CHR) hits more than $0.5 after an increase of 90%. Is it the right time to invest in it?
Chromia is a blockchain platform for dApps that makes it easier to build these apps in the real world, and it was conceived due to the shortcomings in existing platforms. The blockchain platform is designed to enable the new generation of decentralized apps to scale beyond the limits.
At the time of writing, the current market price of CHR is $0.524 after an increase of more than 89.9% in 24-hours. It recorded a 24-hour trading volume of nearly $14.92 billion after an increase of 212.7%.
In real practice, the platforms such as ethereum have many limitations, which the Chromia Platform can overcome. The limitations such as high fees, bad user experience, inadequate security, and frustrating developer experience prevent the dApps from going mainstream.
Chromia believes that the architecture and programming model of the blockchain needs to be revised according to the needs of dApps, to address the problems of dApps adequately. The platform allows decentralized applications to scale to millions of users and improve the users' experience to achieve equality with centralized applications.
If you want to buy Chromia, you should keep in mind that not all cryptos can be purchased with U.S. Dollars. You first need to buy the cryptos like Bitcoin, Ethereum, Litecoin, or Bitcoin Cash, and then you can transfer these cryptos to purchase Chromia through an exchange such as Binance. You can easily trade Chromia on the exchanges such as Binance, Upbit, Bithumb, Binance JEX, and Huobi Global.
Since the beginning of the year 2021, CHR has shown an exciting trend. It reached an appreciated price after a bullish sentiment in the market. According to the data, CHR is expected to increase further to get almost $0.9 in one year, i.e., its price is expected to be doubled up by the end of 2021. Chromia (CHR) seems a good investment option for investors.
The importance of relational blockchain is increasing with the growth of the blockchain industry, and the growth can only be achieved by expanding outwards. Decentralized apps projects must work together so that it becomes easier to onboard new users in this space.