The emergence of blockchain has made many networks realize the possibilities of algorithms and cryptography and how these things can bring the entertainment sector up to speed. Thus, we have Chiliz Chain and the world’s first tokenized sports exchange. $CHZ powers the @socios fan engagement app. Will new developments in 2022 hike the price of the token?
Chiliz has announced that ‘Scoville,’ the public testnet for Chiliz Chain 2.0 (CC2), the first Layer-1 blockchain created especially for the sports and entertainment industries, is now live. CC2 enables sports and entertainment brands to mint NFTs and Fan Tokens, build DeFi products and Play2Earn games, and create an event, loyalty, and merchandising programs, helping them unlock the huge potential of Web3.
The unique platform of Chiliz uses the principle of decentralized finance and blockchain to provide users with the privilege of many science and technological benefits, mining them on an algorithm, majorly for esports and gaming. Before we look at the Chiliz price prediction, we need to know what makes Chiliz unique.
What is Chiliz?
Chiliz was officially launched in 2019, even though the idea was first mooted in 2016 through Socios.com. The Chiliz token (CHZ) – one of many blockchain-based interactions – has since propelled gaming fans worldwide to support their favorite sports team. The native CHZ token is another emergence from the landscape of the Chilliz network.
Chiliz developed the Socios.com sports fan engagement platform, built on the Chiliz blockchain infrastructure & uses $CHZ as its exclusive on-platform currency. The said token helps fans and traders to purchase voting rights and tokenizes a share of influence. The Juventus Football Club was the first to launch a team token through Socios.com.
$CHZ is a utility cryptographic decentralized token based on the Ethereum protocol (ERC20 token) designed for direct utility within the Socios.com Platform. Since then, over a hundred various groups have joined the platform, including special teams like Paris Saint-German, FC Barcelona, Manchester City, and AC Milan. Many more are still lined up in the future, which will make Chiliz a favorite football fan token.
The brains behind Chiliz
Alexandre Dreyfus is the Chief Executive Officer and founder of Chiliz. He was also responsible for the development of Socios.com in 2016 and held other notable positions in different companies. As a pioneer of Webcity, he co-founded Winamax, one of the largest online poker sites in France.
Emma Diskin became the Chief Operating Officer at Chiliz in 2018. he first started as the PR & Communications Director at Chiliz in 2016 and climbed up the career ladder till she became COO in 2018; she then became the COO of Socios.com in 2020.
Chiliz has immensely benefited from her contributions, primarily because of her expertise in PR and communications. Another important figure in Chiliz is their Chief Strategy Officer, Max Rabinovitch. His insightful ideas have been profound in the progress of the Chiliz network.
What makes Chiliz special?
In the wake of blockchain, scientists and mathematicians have tried their best to incorporate blockchain into various industry statements; it would not be overkill to say that only Chiliz has been the only network to trade in the sports world. Linking the blockchain essentials to the gaming sector is not the superior achievement of the Chiliz network. However, it has also ensured global investors’ protection and investments through the CHZ cryptocurrency.
The above-listed special features have also improved the decentralization features offered by the Chiliz blockchain. Another thing that makes the Chiliz ecosystem stand out is the Power of Authority feature, run by the Byzantine Fault Tolerance Algorithm.
The CHZ ecosystem makes money off user information, and the unique attribute of Chiliz is that it is decentralized with no regulations in the backdrop.
Chiliz Overview
Chiliz Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
 | CHZ | $ 0.116074 | $ 620.16 M | 5.44% | 5.34 B | $ 88.48 M |
What makes Chiliz (CHZ) unique?
Every sporting organization using the Chiliz technology has a limited supply of fan tokens offered at an initial FTO (fan token offering). These tokens are provided on a first-come-first-serve basis, with the opening price and fully diluted market cap disclosed by Chiliz beforehand. The native CHZ token purchases fan tokens and acts as the platform’s internal currency. Using CHZ, holders can purchase branded Fan Tokens from a range of sports teams, including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, and Atlético de Madrid.
Nobody can say how soon it will happen, but the deals they made with the greatest clubs in sports are super. We are not seeing much gain from what’s behind the scenes because they are still being set up in each club. The true utility for the fans is being set up as we speak, and when it’s out, and people are using the platform, Chiliz will blow up. This is like the alpha stage; there is still beta and release.
Consider this advice: Coins with ecosystems or utility and potentially last longer than shit coins. I’ve been in SOL since it was pre 25 USD. LUNA for its ecosystem. DOT and Kusama for their early-stage adoption. ETH, for its first-mover advantage, BTC, of course, is a store of value. VET for its real-world case uses. CRO for its solid platform, credit card, and now NFT launch. FIO for its revolutionary wallet address solution, but CHZ is my sports play.
You can base your prediction on the wave cycle of the charts and the massive fundamentals, but for the risk-taker, project according to what you can afford to lose.
Chiliz Price Today
The current price of Chiliz is $0.305082, with a trading volume of $773,821,267 in the last 24 hours. Last 24 hours, the CHZ price was down -0.8%. Since its inception, it has had a total supply of 8.89 Billion CHZ coins. TokoCrypto is the most active exchange for Chiliz at the moment.
Source: CoinGecko
Where to buy CHZ tokens?
Why should I buy $CHZ?
Fan Tokens bought on Socios.com allow users to influence their teams via popular vote and become eligible for engagement-based team rewards and recognition.
Is Chiliz legal?
Given that the Chiliz documents and Chiliz project fall outside the ‘Virtual Financial Assets Act (Chapter 590 of the Laws of Malta), the Company was not required to file or seek approval by any competent Maltese authority for the Chiliz documents. Read more here to comply with any legal requirements in your location.
Chiliz Technical Analysis
CHZ price analysis indicates that the prices have been making lower lows and lower highs, a bearish trend. Recently, prices have managed to form a descending triangle pattern as they approach the $0.1 support level. A breakout to the downside of this technical pattern could see Chiliz prices falling to $0.085 in the near term.
Chilliz past performance shows that CHZ prices have been trading below the 200-day moving average since mid-March as the market shows signs of weakness. Since the start of April, Chiliz prices have seen a continuous decline in prices but have found some support at around $0.$0.08511.The prices seem to be in consolidation below this level as the RSI hovers around the 40.0 mark, which indicates that the market is in bearish momentum.
The MACD indicator is also in the bearish territory as the signal line moves above the histogram. This shows that the bearish trend is likely to continue in the near term as prices look to target the $0.085 support level. The prices will need to make a sustained move above the $0.1132 level to invalidate the bearish trend and turn bullish in the near term.
On the 4-hour chart, Chiliz prices have formed a descending triangle pattern as they approach the $0.1 support level. A breakout to the downside of this technical pattern could see Chiliz prices falling to $0.085 in the near term. There is no expert on the technical analysis of Chiliz. Still, according to the 4-hour Chiliz price prediction chart that we see down below, CHZ has been trading with a bearish downtrend, trying to regain 100-day and 50-day moving averages.
Chiliz Price Prediction 2022-2030
Wallet Investor
Based on Wallet Investor Chiliz’s forecast, a long-term rise is anticipated. The CHZ price forecast for 2027 is $1.485. With a 5-year investment based on the current rate, income is expected to be about +638.81% in five years. The site uses artificial intelligence to come up with CHZ coin price predictions that are also optimistic about CHZ. Wallet Investor also expects the price of CHZ to surpass $0.1 shortly, which is considered a very ambitious price prediction. Wallet Investor expects that traders will sell Chiliz at prices exceeding $0.14 in the final weeks of December.
TechNewsLeader
According to TechNewsLeader, Chiliz price predictions experts, a strong bullish trend is set for 2022, which will be a flawless year for Chiliz (CHZ), taking all variables into account, and the asset may rise as high as $1.13 after five years. TechNewsLeader is optimistic about the future predicting Chiliz will flourish in the following five years, surpassing $0.70 by 2020.25.
PricePrediction
Chiliz coin price prediction is optimistic for this analyst. According to the price prediction net, Chiliz will rise in value and reach $0.46 by 2025. The Chiliz (CHZ) coin price prediction indicates that the cryptocurrency will get a value of $0.26 in December 2022. The optimistic forecast predicts a rise of 50% over the next year, with a final price of $0.30 and an ultimate value of $1.56 in the next five years.
Cryptopolitan
Chiliz Price Prediction 2022
Chiliz price at the end of 2022 is $0.14. In the middle of 2022, we expect to see $0.13 per 1 Chiliz. The maximum price will be $0.14 as the year ends.
Chiliz Price Prediction 2023
Chiliz will start in 2023 at $0.13 per coin but is forecasted to rise to $0.22 by 2023. With this, we can expect many investors to increase their positions in Chiliz. The beginning of 2024 looks reasonable since the price is forecasted to be around $0.22 per coin. Our Chiliz price forecasts are based on short-term technical analysis by market professionals, who believe that the crypto market is highly unpredictable and volatile.
Chiliz Price Prediction 2024
According to our price analysis, the CHZ will be a profitable investment option in the coming years. If the bull trend begins in January 2024, Chiliz Coin may be able to break its current ATH level soon. According to our price prediction, the CHZ Coin price can reach a maximum value of $0.31 in 2024 with an average price of $0.26. Chiliz may experience a price drop if the market declines, with the lowest possible value around $0.26.
Chiliz Price Prediction 2025
In the long term, Chiliz has a lot of potentials. More investment and adoption may help Chiliz appreciate value over time. By 2025, the average price of CHZ crypto may reach around $0.38 if everything goes according to plan. The highest price of Chiliz might be up to $0.44 in 2025 if the market becomes bullish. At the same time, the minimum price can go down to $0.37.However, if there is a bull market in 2025, the CHZ coin may break its prior records and achieve a new record peak.
Chiliz Price Prediction 2026
Transgressing all boundaries by 2026, it will undoubtedly display tokens of good fortune to its investors. According to our CHZ price forecast based on solid, smart contracts, the Chiliz price may easily surpass its all-time high of $0.89.The maximum price level of CHZ crypto will be around $0.63 in 2026. According to a recent forecast, users will rise over the next five years.
Chiliz Price Prediction 2027
With more popularity and global adoption, the price of Chiliz will continue to rise in 2027. The average price of CHZ price is expected to be around $0.76, while the maximum price can climb up to $0.87. If the market conditions are more favorable, the CHZ price may even touch $0.9 by 2027.
Chiliz Price Prediction 2028
We also find that there are no technical means to forecast the price of any cryptocurrency with complete accuracy in the long run. The Chiliz Coin price may differ from our price prediction. In 2028, cryptos may have a lousy year, and Chiliz might be worth around $1.28. The average price of Chiliz cryptocurrency is expected to be about $1.13, but the lowest value is anticipated not to be less than $1.10.
Chiliz Price Prediction 2029
According to the forecast and technical analysis, by 2029, the price of CHZ price is anticipated to reach a minimum value of $1.53. With a median value of $1.58, the CHZ price can achieve a maximum price tag of $1.89.
Chiliz Price Prediction 2030
Chiliz token price is expected to be worth $5.27 in 2030. Throughout 2030, the CHZ price might reach a high of $6.10, with an average trade price of $5.42.
Chiliz Price Prediction by Industry Experts
According to Coinbureau, our favorite crypto YouTuber and now with 1.98 million followers, believes in the bright future of this social coin. By the end of 2030, Coinbureau predicted that the token would reach a minimum price value of $4.60, with a potential all-time high of $5.41 in his video. He believes that the currency will have an average trading price of $4.74.The token has experienced a tremendous increase in value recently. Many more sports teams will utilize the platform in the following months to connect with their supporters as Chiliz is a branded fan token.
Recently, Chiliz has announced that it would be rewarding ten random lucky testers who share $1000 in $CHZ as it made its debut DEX on Scoville testnet. Socios is starting its first television advertising campaign with @delpieroale and a cameo by Messi. This is part of a larger plan to educate people about Socios. For the first time, a TV ad has ever promoted a blockchain-powered consumer-facing product (not an exchange). Chiliz CHZ is also the Official Licensed Product and the Official Fan Token Partner of the UEFA Champions League, UEFA Europa League, UEFA Europa Conference League, and UEFA Super Cup”.
Conclusion
The price mentioned above predictions is just our assumptions. The future of Chiliz CHZ looks bright as a few mainstream partnerships back it. With chiliz powering the Socios.com platform, fans can become influencers of any competitive entity. In turn, teams, leagues, and events can monetize the fan demand for these voting rights from any corner of the sports and esports world.” The actual usefulness for the supporters will be established at this moment, and when it’s finished, Chiliz will explode. This is comparable to the alpha stage; there is still a beta and a release phase.
Chiliz is a popular digital currency with a solid track record. Chiliz may be an intelligent investment, but you should wait for market sell-offs before significant investments. Any sports or esports in the world can monetize the fan demand. Chiliz is a pioneer in activating and monetizing sports fans through radical fan engagement with favorite teams.
Apart from the CHZ price predictions, we recommend that our readers conduct the most thorough research before investing. Chiliz cryptocurrency has a limited token supply, yet it is a volatile digital asset. Cryptocurrencies can vary in price like a roller coaster, and they can rise or fall within seconds. It’s critical to conduct a risk assessment before investing in Chiliz or any other cryptocurrency, as predictions are not investment advice.
FAQs about Chiliz
Is Chiliz a profitable Investment?
Chiliz is an excellent long-term investment. Chiliz CHZ is quickly gaining a reputation as one of the most popular sports-related projects. The number of CHZ Coin holders is steadily rising. Many cryptocurrency investors are flocking to Chiliz as their first sports-based fan tokens. CHZ token may be regarded as a long-term investment after looking at its track record.
How high can Chiliz CHZ go?
The Chiliz coin price may rise to $3.8 with further project development and favorable market conditions in the next ten years.
Where to buy Chiliz tokens?
Why should I buy $CHZ?
Fan Tokens bought on Socios.com allow users to influence their teams via popular vote and become eligible for engagement-based team rewards and recognition.
Is Chiliz CHZ legal?
Given that the Chiliz documents and Chiliz CHZ project fall outside the ‘Virtual Financial Assets Act (Chapter 590 of the Laws of Malta), the Company was not required to file or seek approval by any competent Maltese authority for the Chiliz documents. Read more here to comply with any legal requirements in your location.
How does CHZ ensure privacy?
Because CHZ is the basis of a decentralized network that allows data encryption, it is secure. Encryption provides complete privacy.
What would be the CHZ price in 2030?
In terms of value, CHZ price has tremendous potential to grow even higher. It is anticipated that there will be a price spike. According to certain professionals and business analysts, Chiliz may attain a future price of $3.87 by 2030.
Source: https://www.cryptopolitan.com/chiliz-price-prediction/