The price of Chiliz today is $0.1111, with a $65,117,260 24-hour trading volume. In the past 24 hours, Chiliz has decreased by 1.31%. The current market capitalization on CoinMarketCap is $985,014,894. It has a maximum quantity of 8,888,888,888 CHZ coins and a circulating supply of 6,137,378,353 CHZ coins. Chiliz is 82.78% less than the peak price of $0.89.
- Chiliz Analysis: Trading View
Most Ethereum-based tokens had been pushed at the start of the alt season in the previous year. Chiliz was one of the creative initiatives that maintained perfect pricing throughout the year. The market cap of Chiliz is encouraging. Marketers continue to be interested in Chiliz-related developments, while investors are eager about Chiliz’s (CHZ) price forecast for 2022 to 2031.
This month, the CHZ price has been bearish, and even a bullish candlestick on December 2 failed to spark an upward trend. Several fan tokens are part of the Chiliz ecosystem, which was supposed to grow during the FIFA World Cup but has yet to happen.
Chiliz Price Prediction for 2023
Our prediction for Chiliz’s minimum pricing in 2023 is that it will be around $0.22.The CHZ price would quickly claim a new ATH if the price proceeded in an upward direction. On the plus side, the price can rise to its highest level of $0.5497. The CHZ price would fall below the support level of $0.22, on the other hand, if bears gain control of the market. By the end of the year, it would trade at about $0.4172 under normal trading conditions.
Chiliz Price Prediction for 2024
Chiliz has the ability to hold up well in the event of significant market volatility. Whales continue to hold the majority of the asset, with a share of 68.81%, while retailers come in second with a share of 16.85%. And then by shareholders, who held 14.34% of the shares. Additionally, the duration is 1.8 years on average. When taken as a whole, it provides a solid long-term hold.
The price of CHZ will gradually increase with support from whales and retailers, reaching a new high of $0.7854. On the other hand, elements like new competitors and a waning position can cause the price to drop to the minimal price value of $0.438. However, if a linear price estimate is restricted, the average trade price may be $0.5865.
Chiliz Price Prediction for 2025
The CHZ network would develop at the same rate as the booming gaming and entertainment industries. This may help more traders gain traction and cause the price to approach the $1.291 level.
In the event of a market crash, the price could fall significantly and hit $0.696 by the end of 2025. However, the currency can endure with steadfast investors by providing fierce competition to its rivals and by releasing regular developmental updates. In that case, the price may increase to $0.9644 by the period’s conclusion.
What Is a CHZ Fan Token?
Chiliz is a cryptocurrency based on the Ethereum blockchain that enables sports and entertainment enthusiasts to tokenize their actions to monetize and reward them. Chiliz serves as the money for Socios, the first blockchain-powered fan engagement platform, and is an ERC-20 token. Fans can purchase and exchange branded fan tokens through the Socios marketplace and take part in or impact polls and surveys with a club focus.
Fundamental Analysis
The Chiliz initiative was started to give sports and entertainment fans a forum to interact with their preferred teams. Chiliz’s creators envisioned a world in which individuals could directly affect organizational voting, interact with others, and contribute to the monetization of activities. There was a need for funds for this. In 2018, Chiliz funded $66 million successfully, and as a result, it was listed on significant cryptocurrency exchanges like Binance and KuCoin.
Chiliz was established in 2012, as a crucial component of Mediarex Group, an international sports and entertainment company based in Malta. In 2018, the platform gradually launched the Socio.com platform and the CHZ token. The protocol quickly became listed on the majority of cryptocurrency exchanges around the world. Additionally, the platform has offices in Turkey, Spain, Brazil, South Korea, France, and Brazil.
Conclusion
The ongoing improvements and partnerships will raise Chiliz’s price (CHZ). The price movement would increase due to the anticipated growth in the sports and entertainment sector soon. By the end of 2022, the price of CHZ could rise to $0.18 if the market favors the bulls.
On the downside, Chiliz’s (CHZ) price may be negatively impacted by upcoming market changes and greater competition. It might cause the price of the coin to drop below $0.10.
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