The eponymous Malta-based FinTech company’s Chiliz token is the top digital money for sports and entertainment. It runs the blockchain-based Socios sports entertainment platform, which enables people to take part in the management of their preferred sports companies. As an illustration, consider Socios.com’s numerous fan tokens. Fan tokens provide a mechanism for sports clubs and groups to interact with their supporters and open up new revenue streams.
Through surveys and polls, for instance, supporters may engage and have a say in club choices about things like the messaging the captain should wear on his armband. The organization seeks to eliminate the divide between active and passive fandom. With some of the largest sports organizations in the world, Chiliz has formed partnerships: Manchester City, Juventus, FC Barcelona,
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What is CHILIZ Token ? :
Alexandre Dreyfus, who serves as CEO of Chiliz now, is the company’s founder. Over the course of more than 20 years, Dreyfus has successfully founded and grown numerous web-based companies. Before establishing Chiliz in 2017, for instance, he worked on the development of Webcity, an interactive travel guide, as well as Winamax and Chilipoker, both of which are online poker companies.
His objective is to “push harder than ever on our quest to fully establish Fan Tokens as the ultimate fan engagement tool and as a significant new revenue source for the sports industry.” This is his express purpose with the company. This has been brought to light by the rapid expansion of fan tokens, which has attracted the participation of a large number of European football powerhouses as well as clubs with a smaller fan base.
Each sporting organization that uses Chiliz technology has a limited number of fan tokens that are made available during an initial FTO.These tokens are being made available on a first-come, first-served basis, with Chiliz having previously disclosed both the opening price and the fully diluted market cap. The native CHZ token serves both as the platform’s internal currency and as the medium of exchange for the purchase of fan tokens.
Following that, fans can use their fan tokens to cast votes on the Socios platform, which is a process that is made possible by using smart contracts. The amount of influence that fans have is determined by their respective clubs. Decisions can be made about anything, from the design of new jerseys to the pairing of teams in exhibition games.
Chiliz was a pioneer in the field of allowing regular sports fans to participate directly in the decision-making processes of clubs and organizations. The company is always coming up with new ways for its followers to interact with it. One recent example of this is the establishment of the Chiliz Blockchain Campus, which is a crypto incubator that is privately owned and focuses on accelerating the adoption of blockchain technology throughout Asia and Europe. Despite the fact that it will most likely have between 80 and 100 teams as part of its network by the end of 2021, the company estimates that it is only at about 10% of its potential right now.
CHILIZ Token Overview :
CHILIZ token price Prediction 2022 , 2025 , 2030 :
One method for estimating the price movement of Chiliz over the course of the long term is to evaluate the cryptocurrency in light of other significant technological advancements and trends. If Chiliz’s price growth followed the same pattern as the expansion of the internet or the expansion of large technology companies like Google and Facebook during their growth phase, the results are presented in the table that can be found above. It shows what the price of Chiliz would be at the end of the years 2023, 2024, and 2025.
If CHZ continues to grow at the same rate as Facebook, the most optimistic price prediction for CHZ in the year 2025 is $1.507553 USD. If the growth of Chiliz were to mirror that of the internet, then the forecast for the year 2025 is $ 0.297160.
At the moment, Chiliz is trading at a price that is higher than its 200-day simple moving average (SMA). The 200-day Simple Moving Average has been displaying a buy signal for the past 11 days, dating back to November 9th, 2022.
Since the price of Chiliz has recently risen above the 50-day simple moving average (SMA), this indicator has sent a buy signal for the last 5 trading days, starting on November 15, 2022.
On January 10, 2022, the Bitcoin market experienced its most recent Death Cross. This event occurred 314 days ago. In the meantime, the most recent occurrence of a Golden Cross was on September 4, 2022, which was 77 days ago.
According to our statistical moving averages, Chiliz’s 200-day SMA will continue to rise over the next month, reaching $ 0.186646 on December 20th, 2022.Chiliz’s short-term 50-Day Simple Moving Average is expected to reach $ 0.250067 by December 20, 2022.
The momentum oscillator known as the Relative Strength Index (RSI) is a well-known indicator that shows whether or not a cryptocurrency’s price is oversold (below 30) or overbought (above 70). The current value of the Relative Strength Index (RSI) is 54.66, which indicates that the CHZ market is in a position of neutrality.
A widening wedge formation is developing in the price of the CHZ cryptocurrency.
Moving Average Convergence Divergence: The MACD indicator exhibited a negative crossing as the token price moved into the demand zone on a daily time period. This move coincided with the divergence. The blue line ended up crossing the orange line, which was a negative aspect. As a direct consequence of this, the cost of one token has experienced a precipitous decline over the course of the past four hours.
The price of CHZ tokens has recently experienced a sharp decline that occurred very quickly. As of right now, the price of tokens has begun to consolidate once more in the demand zone. Additionally, the gap between the blue and orange lines can be observed expanding, which indicates that the trend is continuing.
The Relative Strength Index, often known as the RSI curve, is now being traded at a level of 38.14.
The RSI curve has not yet reached the 50-percent mark, which is halfway between 0 and 100. After the token price has successfully rebounded off of the supply zone, the RSI curve will be seen going upward and will cross the 50 percent line, which will support the trend of the CHZ token. Additionally, the RSI curve has crossed below the 14-day simple moving average, signaling some bearishness before the continuing advance upwards. If the token price drops below the demand zone, a further downward shift in the RSI curve will be visible.
The price of CHZ tokens is once again moving toward the demand zone, according to the Average Directional Movement Index, after having trouble breaking out of the supply zone. The identical picture is painted by the ADX curve as it drops below the 25-point line. If the bulls are able to prevail over the bears, we should see the price of the token bouncing off the demand zone.
In the event that the same thing takes place, it will be possible to observe the ADX curve heading upwards, which will reinforce the trend. As of right now, the ADX curve has turned upward, indicating that the price movement has come to a standstill and that there has been a shift in the structure of the price.
As a result of a downward trend, the CHZ token price is currently exchanging hands in the demand zone. This is because it was unable to break above the supply zone. As the price of the token continues to stabilize, the technical parameters remain undecided as well. The price of the token was unable to maintain itself within the long term supply zone for the third time in a row, which led to its rejection from within that zone. The price of tokens is currently making another attempt to retest the demand zone. It is possible that the price of the token may continue to decline, maintaining the bearish trend if the bulls are unable to prevail over the bears.
Both $0.14 and $0.16 are supported.
$0.29 and $0.35 in the face of resistance
Conclusion :
The price of CHZ has increased by 14.46% over the course of the past month, bringing its total value up to $0.026392 from its previous value of $0.182518 and bringing the total market capitalization to $1,282,076,118. If you are interested in purchasing Chiliz right now, you should postpone your purchase until the next market downturn and wait to invest in CHZ. In the most recent 90 days, the price of Chiliz has increased by 3.75%, bringing it up to $0.201359 from its previous value of $0.201359.
However, before to engaging in such activity, you will be required to carry out your own research. Never put more money into an investment than you can afford to lose, because the value of an asset can fall as well as rise.