Chiliz (CHZ) Showing Bullish Ahead of Its Sports Blockchain Launch

• Chiliz’s new sports blockchain will be launched on May 10.
• CHZ token’s trading volume has increased by 207% in the last 24 hours.

Since the announcement of the public launch of the new sports blockchain, the Chiliz (CHZ) token has witnessed a continuous price increase in the past few days. The CHZ trading price has surged by around 16.51% in the last seven days.

At the end of March, Chiliz, the sports-centralized crypto, announced the launch of its new sports blockchain on Twitter. By doing this, it is making a great impact in the sports and entertainment industries with its innovative use of digital assets to improve the fan’s experience. 

Announcements Impact on Chiliz Token

The upcoming new sports blockchain is scheduled for May 10. The excitement surrounding the update is fueling a surge in the CHZ trading price. The CHZ price has increased by around 10% in the last 24 hours, and the coin is trading at $0.1394. And there has also been a massive increase in the trading volume of around 207% in the last 24 hours, according to CoinMarketCap.

The CHZ token has shown massive bullishness in recent days. Chiliz is guiding the new era of blockchain technology with the launch of Chiliz Chain 2.0. It is a fork of the BNB chain that works on a proof-of-stake authority consensus mechanism.

The new blockchain technology allows for shorter block times, lower energy consumption, and reduced gas fees. Moreover, it remains compatible with Ethereum and powered by its native CHZ token. 

Chiliz provides specific cryptocurrencies for popular sports teams like Manchester City, Arsenal, and Paris Saint-Germain. This specialized crypto token allows fans to participate in team decisions, such as voting. 

Chiliz is not resting when it comes to expanding the ecosystem. With a set of growth and innovation, Chiliz puts itself on the leaderboard in the evolving sports and entertainment industries.