Chiliz is a blockchain-based platform that offers exclusive fan engagement and rewards experiences to sports and entertainment fans. The CHZ token, which serves as the native currency for all transactions within the Chiliz ecosystem, powers the platform. As the popularity of Chiliz grows, many investors are wondering what the future holds for the price of the CHZ token. In this article, we will examine various factors that may influence Chiliz’s price movement and make a future Chiliz price prediction.
What Is Chiliz and How Does It Work?
Chiliz is a blockchain-powered platform that allows sports and entertainment fans to interact with their favorite teams and celebrities via digital assets. Fans can buy and trade fan tokens to gain access to exclusive experiences such as VIP rewards, meet-and-greets, merchandise, games, and voting rights on the platform. The CHZ token is the native currency of the Chiliz ecosystem and is used in all platform transactions.
Alexandre Dreyfus, a serial entrepreneur and blockchain enthusiast, founded Chiliz in 2018. The mission of the company is to bridge the gap between sports and entertainment fans and their idols by developing a digital environment that allows for fan engagement and monetization opportunities. Chiliz has collaborated with a number of well-known sports and entertainment organizations, including football clubs such as FC Barcelona, AC Milan, Paris Saint-Germain, and the UFC.
The CHZ token runs on the Ethereum blockchain and adheres to the ERC-20 protocol. The total supply of the token is 8,888,888,888 CHZ, with a circulating supply of approximately 5 billion CHZ as of May 2023. On the Chiliz platform, the CHZ token is the primary medium of exchange, allowing users to purchase fan tokens, participate in fan token offerings (FTOs), and vote in various polls and surveys.
The price of the CHZ token is determined by market demand and supply, with factors such as the popularity of fan tokens, the number of platform users, and overall sentiment towards the Chiliz ecosystem influencing its value. Chiliz has also launched a number of initiatives to support the CHZ token’s price, including the Chiliz Treasury, which aims to buy back and burn CHZ tokens in order to reduce supply while increasing demand.
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Chiliz is a one-of-a-kind platform that combines blockchain technology and fan engagement to provide a new way for sports and entertainment fans to interact with their favorite teams and celebrities. The CHZ token is critical to the Chiliz ecosystem, giving users access to exclusive experiences and opportunities while also driving the platform’s growth and adoption.
Chiliz Price Prediction Technical Analysis
Chiliz is currently worth $0.119921, ranking #55 among all cryptocurrencies. Chiliz currently has a circulating supply of 6,965,647,158 coins and a market capitalization of $835,330,788.
In the last 24 hours, the price of Chiliz has dropped by 4.34%. Chiliz has fallen 4.74% in the last 7 days as it has struggled to gain traction. CHZ is showing bearish signs this week; if you’re thinking about buying Chiliz, now might be a good time to do so.
In the last 30 days, the price of CHZ has dropped by 12.20%, reducing its previous value of $0.13637 by $0.016637. Chiliz is currently in a downward trend, indicating that he is in a slump. Chiliz’s price has fallen 21.76% in the last three months, dropping $0.0333 from its previous value of $0.153032.
What Makes Chiliz Unique?
Every sporting organization that employs Chiliz technology has a limited number of fan tokens available during the initial FTO (fan token offering). Chiliz discloses the opening price and fully diluted market cap ahead of time, so these tokens are available on a first-come, first-served basis. The native CHZ token, which is used to purchase fan tokens, is the platform’s internal currency. Fans can then vote on the Socios platform using their fan tokens, which are enabled by smart contracts. The clubs determine the amount of influence that fans have. Everything from new jersey designs to team matchups in exhibition games is decided.
Chiliz pioneered the direct participation of average sports fans in decision-making processes at clubs and organizations. One example of how the company is constantly creating new ways for fans to engage is the Chiliz Blockchain Campus, a privately-owned crypto incubator focused on accelerating blockchain technology adoption across Asia and Europe. Despite the fact that it expects to have 80-100 teams in its network by the end of 2021, the company believes it is only at 10% of its potential.
Chiliz Price Prediction History
Chiliz (CHZ) is a new cryptocurrency that first appeared on cryptocurrency exchanges in February 2019. Since its inception, the CHZ token’s price has fluctuated significantly, influenced by a variety of market factors, partnerships, and developments within the Chiliz ecosystem. Chiliz’s price history is detailed below:
- February 2019: CHZ was listed on exchanges with a market cap of approximately $35.3 million and a price of around $0.0063.
- April 2020: CHZ traded at a low of around $0.0037 with a market cap of $20.4 million at the time, indicating a bearish market sentiment.
- January 2021: CHZ experienced a significant price increase, reaching an all-time high of around $0.0093 with a market cap of $62 million, boosted by the growing popularity of the Chiliz platform and rising demand for fan tokens.
- March 2021: CHZ experienced yet another surge, reaching a new all-time high of around $0.0452 with a market cap of nearly $299 million, thanks to partnerships with major sports teams and the launch of the Socios.com platform.
- April 2021: Due to the hype surrounding the launch of fan tokens for popular soccer clubs such as FC Barcelona and AC Milan, CHZ experienced a sudden and significant price increase, reaching a high of around $0.84 with a market cap of over $5.5 billion.
- May 2023: CHZ is currently trading at around $0.24, with a market cap of around $1.2 billion. The price has fluctuated over time as a result of market factors such as the growth and adoption of the Chiliz ecosystem, the introduction of new fan tokens, and general market sentiment toward the cryptocurrency market.
To summarize, Chiliz’s price history has been marked by significant volatility, influenced by a variety of market factors and developments within the Chiliz ecosystem. Despite the fluctuations, the CHZ token’s value has increased significantly since its launch, owing to the growing popularity of the Chiliz platform and its unique approach to fan engagement.
Expert Opinions
Tech News Leader
“The price of CHZ will rise because there is still hope that the currency will gain a lot more attention.” In 2023, the average price could be $0.175 and the minimum price could be $0.16. The peak price is expected to be in the $0.19 range.”
ICOCreed
“The Chiliz Price Prediction predicts that the Chiliz price will reach a minimum of $0.11 in 2023.” The CHZ price can reach a maximum of $0.13 with an average trading price of $0.12.”
Price Prediction
“The price of Chiliz is expected to fall as low as $0.16 per pound in 2023.” The CHZ price could reach a high of $0.19, with an average forecast price of $0.17, according to price prediction findings.”
Long Forecast
“The price of Chiliz will be around $0.12 by 2025.” The maximum and minimum prices are $0.12 and $0.09, respectively. The annual average is expected to be around $0.11. By the end of 2025, the Chiliz price is expected to be around $0.10.”
Chiliz Price Prediction
Below are tabulated price predictions from various sources:
BitcoinWisom’s Chiliz Price Prediction
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $0.143800 | $0.167766 | $0.179750 |
| 2024 | $0.239666 | $0.263633 | $0.299583 |
| 2025 | $0.359499 | $0.383466 | $0.419416 |
| 2026 | $0.479332 | $0.503299 | $0.539249 |
| 2027 | $0.599166 | $0.623132 | $0.659082 |
| 2028 | $0.718999 | $0.742965 | $0.778915 |
| 2029 | $0.838832 | $0.862798 | $0.898748 |
| 2030 | $0.958665 | $0.982631 | $1.02 |
Bitnation’s Chiliz Price Prediction
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $0.143679 | $0.179599 | $0.215519 |
| 2024 | $0.263412 | $0.299332 | $0.335251 |
| 2025 | $0.383144 | $0.419064 | $0.454984 |
| 2026 | $0.502877 | $0.538797 | $0.574717 |
| 2027 | $0.62261 | $0.658529 | $0.694449 |
| 2028 | $0.742342 | $0.778262 | $0.814182 |
| 2029 | $0.862075 | $0.897995 | $0.933914 |
| 2030 | $0.981807 | $1.02 | $1.05 |
Price Prediction’s Chiliz Price Prediction
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $0.15 | $0.16 | $0.18 |
| 2024 | $0.23 | $0.24 | $0.27 |
| 2025 | $0.33 | $0.34 | $0.39 |
| 2026 | $0.48 | $0.50 | $0.58 |
| 2027 | $0.68 | $0.70 | $0.85 |
| 2028 | $0.98 | $1.00 | $1.21 |
| 2029 | $1.45 | $1.49 | $1.70 |
| 2030 | $2.10 | $2.16 | $2.52 |
Frequently Asked Questions
Is Chiliz a good investment?
Chiliz was one of the cryptocurrency’s most talked-about coins this year. Given this, it is reasonable to conclude that CHZ is a good investment.
Will CHZ go up?
It’s a difficult question to answer. While some websites are bullish, such as DigitalCoinPrice, others, such as WalletInvestor, are far more bearish. It is critical to remember that price forecasts are frequently incorrect, and that prices can both rise and fall.
Where can you buy Chiliz?
Chiliz (CHZ) can be bought on popular exchanges and trading platforms like Upbit, Binance, Paribu, and HitBTC.
Does CHZ have a future?
We believe Chiliz’s future is bright because it has strong fundamentals and a large number of people invested in it.
