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CHZ Price Prediction – Technical Analysis

2 min read
CHZ Price Prediction

Chiliz is the world’s leading blockchain fintech provider for sports & entertainment.

Chiliz developed the Socios.com sports fan engagement platform built on the Chiliz blockchain infrastructure & uses $CHZ as it’s exclusive on-platform currency. CHZ is a currency option for blockchain-backed products & services geared towards mainstream consumers. It provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences. These use cases have started reflecting in CHZ price.

CHZ

SOCIOS.COM

The Socios.com fan engagement platform is built from the ground up on the Chiliz blockchain infrastructure & uses $CHZ as it’s exclusive on-platform currency. Socios.com allows fans to purchase branded Fan Tokens from some of the biggest and most renowned sports teams in the world including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, CAI & UFC. Fan Tokens bought on Socios.com allow users to influence their teams via popular vote. These fans become eligible for engagement-based team rewards and recognition. All Fan Tokens are minted using the Chiliz blockchain & all on-platform voting is executed as a series of smart contracts which run through the Chiliz blockchain.

CHILIZ

Let us review CHZ Price.

CHZ/USD – Price Prediction

CHZ

CHZ is currently trading above the 1.618 fib level of $0.2497 and as long as CHZ is above this level, we could start seeing a move towards $0.3421, $0.4346 and $0.4917. Failure to hold the support at $0.2497 could lead to a drop towards $0.1925, $0.1825 and $0.1386. 

CHZ is currently trading at $0.2848 with a market cap of $1,482,059,691. Its 24 hour trading volume was $5,786,608,509.

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