Even though Bitcoin began to show some signs of life in the past couple of days, it’s altcoins that occupy the minds of daily and mid-term traders. With BTC dominance continuing to slide downhill - it has decreased by more than 5% in six weeks - altcoins are starting to nibble on market capitalization, as shown on the chart below.
Total capitalization chart
Chromia (CHR) is one of the altcoins that has been flourishing lately. It represents the solution dubbed the relational blockchain, designed to establish the seamless connection between blockchain and the real-world data through the use of decentralized applications (dApps).
CHR market sees bulls in the driving seat
The coin first appeared on the market in May 2019 and began to write its history of price action with a big trough from $0.098 to $0.0063 with the subsequent trip to the all-time high at $$0.113. After that, it was nothing but the downfall for Chromia as it had been trapped in the bear market until the infamous events in March 2020, when the market fell through the floor, during which time Chromia hit the all-time low at $0.0083.