CHZ

Chiliz price prediction is strongly bullish as the coin has been on a rise, scorinhg more than 40% in seven days to trade at 0.2759. Previously, CHZ exhibited a slowdown in growth but the underlying long-term trend is still bullish. DMM Bitcoin, a domestic Japanese cryptocurrency exchange, has announced that it would begin accepting new CHZ transactions. This is the first time that CHZ has been listed on a cryptocurrency exchange in Japan. As a result, the news is increasing CHZ demand and driving up its price.

The current price of Chiliz is $0.2760, with a 24-hour trading volume of $817 million. Chiliz has increased by 14.51% in the previous 24 hours. CoinMarketCap now ranks #35 with a live market cap of $1.6 billion. There are 6,000,386,953 CHZ coins in circulation, with a maximum supply of 8,888,888,888 CHZ coins.

Chiliz, Socios, and Fan Token – What You Need to Know

Chiliz Tokens (CHZ) and Fan Tokens (FAN) are two of the most often enquired about cryptocurrencies on our platform. CHZ is a cryptocurrency used to purchase Fan Tokens, fully fungible digital assets that “live” on the Chiliz blockchain. CHZ and Fan Tokens are two examples of tokens that adhere to the ERC20 standard.

Chiliz is a sports and video game (esports) platform that creates customized tokens that allow fans to communicate with teams. The CHZ token serves two primary functions. Some people get it, so they can buy fan tokens and cheer on their favorite teams at Socios. Chiliz founded the Socios.com sports fan interaction platform, which employs CHZ as its sole on-platform currency.

Socios is a startup that provides blockchain technology to teams in order for them to sell fan tokens. A fan token is the same as a share in a publicly traded company or a membership in a rewards program. Socios uses the Chiliz blockchain to support fan token transactions.

Chiliz Chain Fan Tokens are limited-edition digital assets. By holding Fan Tokens, you can participate in official team polls that help your team make fan-related decisions. Token holders also receive numerous incredible benefits, including exclusive offers, prizes, VIP experiences, and interaction with a community of like-minded super fans.

Fan Tokens Offering

On September 20, Immortals announced the launch of the first-ever US esports fan token on the socios.com platform in a post on Chiliz’s official blog. Immortals, the Great Lakes Region’s gaming and esports organization, collaborates with Socios.com, next-generation fan interaction, and incentives startup, to launch the Immortals Fan Token.

The Immortals Fan Token will be the first American-based esports Fan Token available through Socios.com’s app, demonstrating Immortals’ position as an esports market leader and a pioneer in audience interaction. Immortals fans will not have to wait until 2023 to use all of Fan Token’s features.

Socios.com will give them all-access passes to off-season events for the duration of the off-season. The Fan Token will be denoted by the symbol $IMT and will be available for purchase for $2 on October 19 through a Fan Token Offering. The term “Fan Token Offering” refers to the process of making a predetermined number of Fan Tokens available at a predetermined price before they enter the market.

Socios.com has 170 partners, including Paris Saint-Germain, Manchester City, FC Barcelona, Inter Milan, and the UFC. Around 70 Fan Tokens have been successfully launched by the company with well-known international teams and organizations. Furthermore, news of socios fan token offerings boosts the CHZ/USD value.

Chiliz Price Prediction: Triangle Breakout

The CHZ/USDT pair is trading sharply higher at $0.2800, having broken through the symmetrical triangle pattern at $0.2586. Bullish triangle pattern breakouts typically drive continued bullish trends. Furthermore, the formation of the bullish engulfing candle indicates a high likelihood of further upward movement.

Chilliz

On the upside, CHZ has room to go after the $0.3160 level, while support is still at $0.2586. The 50-day moving average, which is currently at $0.2230, is supporting the CHZ and is likely to keep the bullish trend alive.

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