The emergence of blockchain has made many networks realize the possibilities of algorithms and cryptography and how these things can bring the entertainment sector up to speed. Thus, we have Chiliz Chain and the world’s first tokenized sports exchange. $CHZ powers the @socios fan engagement app. Will new developments in 2022 hike the price of the token?
Chiliz has announced that ‘Scoville,’ the public testnet for Chiliz Chain 2.0 (CC2), the first Layer-1 blockchain created especially for the sports and entertainment industries, is now live. CC2 enables sports and entertainment brands to mint NFTs and Fan Tokens, build DeFi products and Play2Earn games, and create event, loyalty, and merchandising programs, helping them unlock the huge potential of Web3.
The unique platform of Chiliz uses the principle of decentralized finance and blockchain to provide users with the privilege of many science and technological benefits, mining them on an algorithm, majorly for esports and gaming. Before we look at the Chiliz price prediction, we need to know what makes Chiliz unique.
Today’s Chiliz price is $0.117688 with a 24-hour trading volume of $126,703,240. Chiliz is up 5.74% in the last 24 hours. The current CoinMarketCap ranking is #65, with a live market cap of $706,172,955 USD. It has a circulating supply of 6,000,378,771 CHZ coins and a maximum supply of 8,888,888,888 CHZ coins.
What is Chiliz?
Chiliz was officially launched in 2019, even though the idea was first mooted in 2016 through Socios.com. The Chiliz token (CHZ) – one of many blockchain-based interactions – has since propelled gaming fans worldwide to support their favorite sports team. The native CHZ token is another emergence from the landscape of the Chilliz network.
Chiliz developed the Socios.com sports fan engagement platform, built on the Chiliz blockchain infrastructure & uses $CHZ as its exclusive on-platform currency. The said token helps fans and traders to purchase voting rights and tokenizes a share of influence. The Juventus Football Club was the first to launch a team token through Socios.com.
$CHZ is a utility cryptographic decentralized token based on the Ethereum protocol (ERC20 token) designed for direct utility within the Socios.com Platform. Since then, over a hundred various groups have joined the platform, including special teams like Paris Saint-German, FC Barcelona, Manchester City, and AC Milan. Many more are still lined up in the future, making Chiliz a favorite football fan token.
Alexandre Dreyfus is the Chief Executive Officer and founder of Chiliz. He was also responsible for the development of Socios.com in 2016 and held other notable positions in different companies. As a pioneer of Webcity, he co-founded Winamax, one of France’s largest online poker sites.
Emma Diskin became the Chief Operating Officer at Chiliz in 2018. He started as the PR & Communications Director at Chiliz in 2016 and climbed up the career ladder till she became COO in 2018; she then became the COO of Socios.com in 2020.
Chiliz has immensely benefited from her contributions, primarily because of her expertise in PR and communications. Another important figure in Chiliz is their Chief Strategy Officer, Max Rabinovitch. His insightful ideas have been profound in the progress of the Chiliz network.
What makes Chiliz special?
In the wake of blockchain, scientists and mathematicians have tried their best to incorporate blockchain into various industry statements; it would not be overkill to say that only Chiliz has been the only network to trade in the sports world. Linking the blockchain essentials to the gaming sector is not the superior achievement of the Chiliz network. However, it has also ensured global investors’ protection and investments through the CHZ cryptocurrency.
The above-listed special features have also improved the decentralization features offered by the Chiliz blockchain. Another thing that makes the Chiliz ecosystem stand out is the Power of Authority feature, run by the Byzantine Fault Tolerance Algorithm.
The CHZ ecosystem makes money off user information, and the unique attribute of Chiliz is that it is decentralized with no regulations in the backdrop.
CoinSymbolPriceMarketcapChangeLast 24hSupplyVolume (24h)
CHZ$ 0.118004$ 630.44 M4.06%5.34 B$ 114.08 M
What makes Chiliz (CHZ) unique?
Every sporting organization using the Chiliz technology has a limited supply of fan tokens offered at an initial FTO (fan token offering). These tokens are provided on a first-come-first-serve basis, with the opening price and fully diluted market cap disclosed by Chiliz beforehand. The native CHZ token purchases fan tokens and acts as the platform’s internal currency. Using CHZ, holders can purchase branded Fan Tokens from a range of sports teams, including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, and Atlético de Madrid.
Nobody can say how soon it will happen, but the deals they made with the greatest clubs in sports are super. We are not seeing much gain from what’s behind the scenes because they are still being set up in each club. The true utility for the fans is being set up as we speak, and when it’s out and people are using the platform, Chiliz will blow up. This is like the alpha stage; there is still beta and release.
Consider this advice: Coins with ecosystems or utility may last longer than shit coins. I’ve been in SOL since it was pre-25 USD. LUNA for its ecosystem. DOT and Kusama for their early-stage adoption. ETH, for its first-mover advantage, BTC, of course, is a store of value. VET for its real-world case uses. CRO for its solid platform, credit card, and now NFT launch. FIO for its revolutionary wallet address solution, but CHZ is my sports play.
You can base your prediction on the wave cycle of the charts and the massive fundamentals, but for the risk-taker, project according to what you can afford to lose.
CHZ Latest Developments
CHZ token has been making significant partnerships and developments, most notably with Wootrade, a leading digital asset trading platform.
This is a very positive development for CHZ token holders as it will help increase their liquidity and give holders another avenue to trade their tokens.
CHZ has also partnered with Huobi to launch a Fan Token Zone on the Huobi Global platform.
The Fan Token Zone is a dedicated trading area for CHZ and other fan tokens.
This is a great development as it will help increase the visibility of CHZ and give holders another option to trade their tokens.
Huobi Global will List PSG, JUV, ATM, OG (Paris Saint-Germain Fan Token, Juventus Fan Token, Atletico Madrid Fan Token, OG Fan Token) on July 19, 2022
CHZ has also been listed on a number of other exchanges, most notably Binance.
This is a very positive development as it will help increase the token’s liquidity and give holders another avenue to trade their tokens.
Recently on July 18th, Socios.com announced a partnership with leading Gallagher Premiership clubs to bring its fans’ engagement and rewards platform to rugby union. The announcement was made on the Chiliz official website in a blog post.
The partnership is a big deal as it will help increase the visibility of CHZ and give holders another option to trade their tokens.
This is a very positive development for CHZ token holders as it will help increase their liquidity and give holders another avenue to trade their tokens. These are just some of the recent developments that have been made by CHZ token.
Where to buy CHZ tokens?
Binance: https://www.binance.com/en/trade/CHZ_BTCCrypto.com: https://crypto.com/exchange/trade/spot/CHZ_USDTBitpanda: https://www.bitpanda.com/en/prices/chiliz And many more: https://www.chiliz.com/en/buying-holding-chz/
Why should I buy $CHZ?
Fan Tokens bought on Socios.com allow users to influence their teams via popular vote and become eligible for engagement-based team rewards and recognition.
Is Chiliz legal?
Given that the Chiliz documents and Chiliz project fall outside the ‘Virtual Financial Assets Act (Chapter 590 of the Laws of Malta), the Company was not required to file or seek approval by any competent Maltese authority for the Chiliz documents. Read more here to comply with any legal requirements in your location.
Chiliz Technical Analysis
Chiliz price analysis indicates the digital asset has been making higher lows and higher highs
This is a bullish development, and it indicates that the digital asset is in an uptrend.CHZ currently trades at $0.114446 with a 24-hour trading volume of $132,350,241.
The next level of support is at $0.098, and the next level of resistance is at $0.12.
Looking at the moving average lines, the digital asset is trading well above both of them out of the 50-day moving average(yellow line) and the 200-day moving average(purple line).
This indicates that the trend is bullish. The RSI indicator is currently at 63.6, indicating that the digital asset is in the middle of the neutral territory.
The MACD indicator is currently in bullish territory, and it indicates that the digital asset is in an uptrend.
In conclusion, the CHZ token is set to continue surging in the next few days before a lower correction sets in. The digital asset has been on a bullish run, and it looks set to continue this trend in the next few days.$0.12 is the next level of resistance if this level is broken, the digital asset could surge to $0.14 in the next few days.
Chiliz Price Prediction by Authority sites
According to Wallet Investor, the CHZ price is forecasted to reach a maximum price of $ 0.0122 by the end of this year. The site predicts that the prices may lose value in the future and may not recover in the future. Their longterm price prediction shows that in 2025, the price may drop to $0.001 by 2031. However, with the current market trend and the partnerships with some of the leading sports clubs, they believe that the price may not fall to that value and may continue to surge in the future.
Technewsleader gives a bullish CHZ price prediction for the short term and a bearish price prediction for the long term. The site predicts that the CHZ token may reach $0.2 by the end of this year and $0.22 by 2022. However, as seen in the past, the prices of digital assets are very volatile, and it is very hard to predict their exact future prices.
Their long-term price prediction foresees a maximum price of $0.70 by the end of 2027, and the prices could potentially touch $4.20 in the next 10 years.
Price Prediction net
Price Prediction net has given another optimistic CHZ price forecast. The site predicts that the CHZ token may reach $0.14 by the end of 2022 and a maximum trading value of $0.38 by the end of 2025. This is a very bullish price prediction, indicating that the digital asset has a high potential to grow in the future.
Chiliz Price Prediction 2022
CHZ is expected to reach a maximum price of $0.14. The minimum and average price is expected to be $0.13.
Chiliz Price Prediction 2023
CHZ is expected to reach a maximum price of $0.22 by 2023. The forecasted average price is $0.19, and a minimum price of $0.18 is also possible by 2023.
Chiliz Price Prediction 2024
CHZ is expected to reach a maximum price of $0.31 by 2024. The forecast average price is $0.26; a minimum price of $0.26 is also possible by 2024.
Chiliz Price Prediction 2025
Chiliz’s price prediction for the year 2025 indicates the digital asset will be on a bullish trend, and it may reach a maximum price of $0.63. The average price might be $0.38; a minimum price of $0.37 is also possible in 2025.
Chiliz Price Prediction 2026
The long-term Chiliz price forecast is very bullish as the predictions for 2026 show that the digital currency could reach a maximum price of $0.63, and the minimum price is expected to be $0.50.An average price of $0.60 is expected for the rest of the year.
Chiliz Price Prediction 2027
As per Chiliz price prediction, CHZ might reach a maximum price of $0.87, and the minimum price is expected to be $0.74 by 2027. The average price for the year is expected to be $0.76.
Chiliz Price Prediction 2028
The long-term Chiliz forecast is bullish as the predictions for 2028 show that the digital currency could reach a maximum price of $1.28 and the minimum price is expected to be $1.10.An average price of $1.13 is expected for the rest of the year.
Chiliz Price Prediction 2029
Chiliz coin price in 2029 will be in a bullish trend as per Chiliz price predictions as they believe that the digital currency could reach $1.89 by the end of the year. However, if the market conditions are favorable, Chiliz could reach new all-time highs by the end of 2029.
Chiliz Price Prediction 2030
As per Chiliz price prediction, CHZ might reach a maximum price of $2.60, and the minimum value is expected to be $2.25 by 2030. The average price for the year is expected to be $2.32.
This is a very bullish price prediction, indicating that the digital asset has a high potential for future growth.
Chiliz Price Prediction 2031
In 2031, crypto markets will have a positive outlook per Chiliz price predictions. The digital asset could reach a maximum price of $3.87 by the end of the year, and the minimum value is expected to be $3.24.The average price for the year is expected to be $3.33, which is a very bullish price prediction for 2031.
These are some of the most popular Chiliz price predictions for the next few years. However, it is important to remember that the prices of digital assets are very volatile, and it is very hard to predict their exact future prices.
Chiliz Price Prediction by Industry Experts
According to Coinbureau, our favorite crypto YouTuber and now with 1.98 million followers, believes in the bright future of this social coin. By the end of 2030, Coinbureau predicted that the token would reach a minimum price value of $4.60, with a potential all-time high of $5.41 in his video. He believes that the currency will have an average trading price of $4.74.The token has experienced a tremendous increase in value recently. Many more sports teams will utilize the platform in the following months to connect with their supporters as Chiliz is a branded fan token.
Recently, Chiliz announced that it would reward ten random lucky testers who share $1000 in $CHZ as it debuted DEX on Scoville testnet. Socios is starting its first television advertising campaign with @delpieroale and a cameo by Messi. This is part of a larger plan to educate people about Socios. For the first time, a TV ad has ever promoted a blockchain-powered consumer-facing product (not an exchange). Chiliz CHZ is also the Official Licensed Product and the Official Fan Token Partner of the UEFA Champions League, UEFA Europa League, UEFA Europa Conference League, and UEFA Super Cup”.
The future of Chiliz CHZ looks bright as a few mainstream partnerships back it. With Chiliz powering the Socios.com platform, fans can become influencers of any competitive entity. In turn, teams, leagues, and events can monetize the fan demand for these voting rights from any corner of the sports and esports world.” The actual usefulness for the supporters will be established at this moment, and when it’s finished, Chiliz will explode. This is comparable to the alpha stage; there is still a beta and a release phase.
Chiliz is a popular digital currency with a solid track record. Chiliz may be an intelligent investment, but you should wait for market sell-offs before significant investments. Any sports or esports in the world can monetize the fan demand. Chiliz is a pioneer in activating and monetizing sports fans through radical fan engagement with favorite teams.
Chiliz cryptocurrency has a limited token supply, yet it is a volatile digital asset. Cryptocurrencies can vary in price like a roller coaster and can rise or fall within seconds. Conducting a risk assessment before investing in Chiliz or any other cryptocurrency is critical, as our price predictions are not investment advice.
Chiliz is a digital currency that has a high potential to grow in the future. The price predictions for the next few years are very bullish, indicating that the digital asset has a high potential to grow in the future.
The long-term Chiliz forecast is bullish as the predictions for the next few years show that the digital currency could reach new all-time highs.
It is important to remember that the prices of digital assets are very volatile, and it is very hard to predict their exact future prices.
This article should not be considered investment advice, and you should always do your own research before investing in any digital asset.
Through Socios.com, a blockchain-based fan engagement platform, Chiliz has made significant strides. The project announced that a new generation of Chiliz is coming soon, dubbed the ChilizScoville Scale. The new token standard will enable the project to interact with multiple blockchains. The move is in a bid to expand its boundaries and adoption further. In the last 24 hours, CHZ price has surged by over 2.85.