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Chiliz

Chiliz Price Analysis: A Breakout From The $0.57 Level Would Initiate Significant Up Movement In CHZ Coin

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The CHZ/USD weekly chart shows a steady rally, displaying three consecutive long green candles gaining over 94%. The CHZ token would provide a strong bull run if its price reclaims the $0.57 resistance.

Key technical points:

  • The CHZ coin price gives an ascending triangle breakout in the 4-hour time chart.
  • The CHZ price obtains strong dynamic support from the 50 EMA
  • The intraday trading volume in the CHZ coin is $1.5 Billion, indicating a 35.4% hike.
TradingView Chart

Source- CHZ/USD chart by Tradingview

The CHZ coin price surged over 94% in the past three weeks resulting in three consecutive bullish engulfing candlesticks in the weekly chart. The token price is currently standing at the doorstep of a crucial resistance of the $0.57 mark, preparing for the next bull run.

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The CHZ coin in the daily time frame chart shows a solids bullish alignment of the crucial EMAs(20, 50, 100 and, 200). These EMA lines would act as good support for the price if the price starts to move lower.

The Relative Strength Index value at 68 indicates a steady growth of the CHZ price.

CHZ/USD Chart In The 4-hour Time Frame

TradingView Chart

Source- CHZ/USD chart by Tradingview

As explained in my previous article on Chiliz, The CHZ price was forming an ascending triangle pattern in the 4-hour chart. The neckline resistance of the triangle is near the $0.53 mark, and the price has provided a decisive breakout from this overhead resistance.

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The CHZ coin is currently in a retest phase, and if the price manages to sustain above the pattern neckline, the coin would have a better chance of reclaiming the $0.58 resistance. Furthermore, the MACD indicator states a bullish momentum for this coin where the MACD and signal are moving above the neutral zone.

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Chiliz

Chiliz (CHZ) Price Can Surge More Than 30% On Successful Breakout

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The CHZ coin price has increased by over 94% in the last three weeks. The altcoin could see a big bull run if it reclaims the $0.58 resistance level. Chiliz is now worth $0.56, down 36.23 percent from its all-time high of $0.88. At the time of writing the token is trading up with 5 percent gains in the last 24 hours.


Chiliz Price is currently undergoing a retest, and if the price can stay above the pattern neckline, it will have a greater chance of reclaiming the $0.58 barrier. Furthermore, the MACD indicator indicates that this coin is going above the neutral zone, indicating bullish momentum.

Chiliz Ecosystem is Blooming

The debut of live in-game NFTs and a quickly growing ecosystem enhanced CHZ’s pricing and demonstrated the project’s solid fundamentals.

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The advent of new exchange listings, as well as its freshly launched fan tokens for teams, have all contributed to CHZ’s growing popularity.

Another new trend that may be boosting CHZ’s fundamentals is ecosystem expansion. The platform recently announced a relationship with Kraft Sports and Entertainment, which will see the New England Patriots of the National Football League (NFL) and the New England Revolution of Major League Soccer (MLS) join the Chiliz and Socios ecosystem. 

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Chiliz announced a collaboration with the Italian Football Federation (FIGC) to establish a blockchain fan token and incentives program for the national team on Socios.com. The current UEFA Euro 2020 champion is the Italian side.

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Chiliz

Chiliz (CHZ) gains 170% after launching live in-game NFTs for fan token holders

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The launch of live in-game NFTs and a rapidly expanding ecosystem boosted the price of CHZ and showcased the project’s strong fundamentals.

This year has seen a number of high profile partnerships formed between the cryptocurrency sector and major sports leagues, teams and individual players. Nowadays players engage with their fans by issuing limited edition NFTs and other perks that are associated with crypto and blockchain technology.

Crypto companies are also making their presence known stitching their names on jerseys, buying stadium naming rights and paying for cleverly placed primetime commercials between game breaks.

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One project that has seen a recent surge in interest thanks to its focus in the world of sports and helping fans interact with their favorite teams and players is Chiliz (CHZ), the blockchain network behind the Socios.com fan engagement platform.

Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.243 on Sept. 29 the price of CHZ spiked 171% to a daily high at $0.657 on Oct. 31 and recent developments are now pushing the price back towards the swing high.

CHZ/USDT 4-hour chart. Source: TradingView

Three reasons for the growing strength of CHZ include the launch of live in-game NFTs, recent exchange listings for CHZ as well as its newly released fan tokens and the protocol’s rapidly expanding ecosystem of partners.

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Live in-game NFT drops

The development that kicked off the current rally was the rollout of the platform’s first live, in-game NFT drop which took place a match between A.C. Milan and A.S. Roma.

With this design, new NFTs are minted as they happen based on key moments in live matches and then they are dropped to the wallet of fan token holders who correctly predict the outcome of the game.

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The announcement that this new method of distributing NFTs was followed by a spike in demand for the token which has continued to build in the following weeks.

CHZ and fan token support

Another reason for the building momentum of CHZ has been the addition of new exchange listings, as well as its newly released fan tokens for clubs like São Paulo FC, AC Milan and Manchester City.

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In addition to the listings, Binance is also allowing fans to earn tokens from their favorite teams by staking Binance Coin (BNB), Binance USD (BUSD) and CH.

OKEx also announced that it will support tokens from the Chiliz ecosystem and CHZ appears to have benefited from a new listing eToro’s crypto exchange on Nov. 9.

Expanding ecosystem backs the current rally

Ecosystem expansion could be another recent development that is strengthening CHZ’s fundamentals. 

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Recently, the platform unveiled a partnership with Kraft Sports and Entertainment which will see the National Football League’s (NFL) New England Patriots and Major League Soccer’s (MLS) New England Revolution join the Chiliz and Socios ecosystem.

This partnership marks the first foray for Chiliz into the NFL and MLS and indicates that the protocol has its sights set on expanding to cover all major sports leagues where there is a demand from fans for more engagement.

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VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CHZ on Oct. 28, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. CHZ price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for CHZ began to pick up on Oct. 27 and reached a high of 70 on Oct. 28, just as its price began to increase 125% over the next two weeks.

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Chiliz

Chiliz Price Prediction 2021 – 2025 – 2030

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What is Chiliz

Chiliz (Ticker- CHZ) is a utility token founded in Malta in 2012. It is used in sports and entertainment with the main aim of bringing fans and their clubs together.  Being the official token of Socios.com (a fans’ influence and reward app), Chiliz gives fans more to do than being spectators and enables them to be more actively involved in influencing some club decisions like voting. The clubs are still involved in raising issues that need to be addressed, but the token owners drive decision-making. Chiliz is both an ERC-20 and BEP-2 token; it is finite and also fungible.


chiliz website homepage

Chiliz Price Prediction 2021


At the time of writing, Chiliz currently trades at 52 cents per token.

  • DigitalCoinPrice believes the year-end target price for CHZ will be 85 cents. They also put the project’s longer-term prices at $1.62 and $2.50 in 2025 and 2028, respectively.
  • WalletInvestor shows more bullish forecasts for CHZ. Their 1-year target price is 97 cents and a price target of $3.16 for Chiliz.
  • Gov.Capital lists its one-year and five-year predictions at $1.29 and $5.35, respectively.

Fundamentals


Use case


Chiliz is a utility token used on a smart contract platform, Socios.com. Every token is minted on the Chiliz blockchain and voting also runs through the same blockchain. The token majorly allows for a couple of activities that are

  • More intimate interactions between club owners and fans and more fans engagements
  • Encrypted voting ledger – fans can participate in fan-led decisions based on the number of fan tokens owned. The more tokens a fan has, the more they vote and the more they rate upwards till they get to the VIP status.

Tokens can also be traded and exchanged at different prices, so apart from buying fan tokens; you can also trade Chiliz for a profit.

Tokenomics


CHZ chiliz token

Chiliz price today is $0.52. it has a Circulating Supply of 5.5 billion CHZ and a total supply of approximately 8.9 billion CHZ. Chiliz has a Market Cap of $2.9billion. The highest price of the coin was on March 13, 2021, at $0.89, while the coin has hit a low of $0.007415. The coin is ranked #51 on CoinMarketCap.

Team


Chiliz Team

The Chiliz team is one of 100 people from over 25 countries of the world. Chief amongst them are

Alexandre Dreyfus – CHIEF EXECUTIVE OFFICER

Emma Diskin – CHIEF OPERATING OFFICER

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Max Rabinovitch – CHIEF STRATEGY OFFICER

The online accounts of the coin received many positive replies in response to their increasing spread and presence. April was an amazing month for the company, and while it didn’t reflect a lot in the coin price, it is good news for long-term holders and for those who newly want to join the bandwagon. Their credibility is solidified because of partnerships with major football clubs like Barcelona, Juventus, and AC Milan. And the prospects of going into other sports in the future make much more sense. They are ever-growing, and their new staff recruitments seem to resonate well with investors and long-term holders.

Community


Socios.com homepage

Chiliz ( ticker- $CHZ) though relatively new, is taking the crypto community by storm. Their mission to move fans from being passive supporters to being more active is generally accepted, and it can be seen in the volume. Socios.com is not the only fan engagement platform as traditional media are evolving to meet the demands of sports fans. The integration of blockchain token (chiliz)and the prospects of making money as you support teams make Socios.com unique. Fan tokens like that of PSG have increased 5x from its inception. Holders of the fan token decided the starting players of a team for a friendly match, and they went on to record a thumping win. Votes of token holders also set up a UFC match. New investors are holding on to the assurance that the growth of Chiliz and socios.com will, in turn, translate into the growth of their investments, and since they’re one of the major players in sports and blockchain, this may well be possible. If the current price is low compared to the partnerships and improvements, what will be a fair price for Chiliz when sports like cricket and tennis join the mix? This is the thought of most investors and one that makes many people stay long in the token.

Exchanges & wallet support


You can buy and trade Chiliz on most of the world’s top cryptocurrency exchanges

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1. BINANCE

2. COIN ONE

3. BITMAX

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4. KUCOIN

5. WAZIRX

6. BINANCE DEX

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7. BITFINEX

8. BITPANDA

9. CRYPTO.COM

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10. BITNOVO

You can also buy fan tokens directly on the Socios.com app or from Chiliz.net.

Chiliz Exchange homepage

To store Chiliz, it is expedient to have a secure token storage. ZenGo and Trust Wallet are two major ones you can use.

Market price prediction


Chiliz market price prediction

Wallet Investor


WalletInvestor believes CHZ can be a profitable investment option with very good returns. Chiliz price equal to 0.522 USD at 2021-05-04. Purchasing 100 dollars worth of Chiliz today will give you a total of 192.307 CHZ. Based on their forecasts, a price spike is expected; the price prognosis in 5 years (2026-05-02) is 3.685 US Dollars with a return of around 700%. Your current $100 investment should return about $707.52 in 2026.

Digital Coin Price


In a Q&A format, DigitalCoinPrice analyzes what they believe will be the price of Chiliz over certain periods.

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Q – How much will Chiliz ($CHZ) be after one year?

A – roughly $0.97706134

Q – How much will Chiliz ($CHZ) be after two years?

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A – about $1.24 USD

Q – How much will Chiliz ($CHZ) be after three years?

A – roughly $1.51

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Q – How much will Chiliz ($CHZ) be after four years?

A – roughly $1.39

Q – How much will Chiliz ($CHZ) be after five years?

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A – about $1.82 USD

Q – How much will Chiliz ($CHZ) be after six years?

A – roughly $1.9

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Q – How much will Chiliz ($CHZ) be after seven years?

A – around $2.5 USD

TradingBeasts


According to TradingBeasts forecasts, the Chiliz price is going to a bullish token. By the end of 2021, the  Chiliz price is expected to be around $0.6985618 on averagely.

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WHAT IS GOING TO BE THE CHILIZ PRICE IN JUNE 2021?

The Chiliz price is projected to reach $0.6524040 by the beginning of June 2021. With the higher end of the expectation being $0.8155051 and the worst-case scenario being $0.5545434. The Chiliz price prediction for the end of the month is $0.6587096.

IN 1 YEAR FROM NOW, WHAT WILL 1 CHILIZ BE WORTH?

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In May 2022, the Chiliz price is projected to be around $0.7483518. The expected maximum price is $0.9354398, and the worst-case scenario for the minimum price is $0.6360991.

WILL CHILIZ GO UP IN 2022?

Yes, definitely. Out projections are very bullish on the Chiliz token. By the end of 2022, the average Chiliz price is expected to be $0.6439063.

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Chiliz Price Prediction – summed up


All our analysts predict a bullish movement on Chiliz despite the current consolidation. We believe few things will make this a reality, and key amongst them include Major announcements of involvements in other sports and a very robust customer service.

Where and how to buy CHZ


Just as easy as making an Amazon order is, getting a $CHZ and Fan Tokens can be easily accomplished in few steps.

– You must have had a Chiliz wallet (since it’s an ERC-20 token, you can get one on Trustwallet).

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– Tap ‘Wallet’ and then click on ‘Top-up.’

– Enter the amount of $CHZ you want to buy

– Next, tap ‘Proceed to Payment.’

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– Click on the payment option you would prefer to use.

– Click on ‘Buy Now.’

– Input your card details

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– Tap ‘Pay Now’

Upon successful and completed payment, a receipt will be generated and sent to your mail. And Chiliz would be added to your wallet.

Summing it all up


The world is still waking up to the possibilities of the blockchain technology, and while there are many tokens that are not long-term worthy, Chiliz is viable long-term. The project is solid, the Prospects are endless, and who knows, Chiliz might pull a bitcoin-Esque move on investors. The current price is low compared to the prospects with this project, and investing now might be a good choice before they spread their tentacles to other sports.

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