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Tag: Chiliz

  • Chiliz (CHZ) – What is the Chart Showing?

    Checking out the technical of CHZ and starting off with the Weekly Time Frame, the price on a macrostructure is still bullish, but that is not just important at all. Checking out the structures on a bit micro level, it can be observed that, price is still breaking structures to the downside, and making Lower Highs and Lower Lows. The last three weeks closed as bearish which shows that bears are still in control and might be able to push price downside to some more extent. Now the volume is not too much, but still, it can’t be ignored. Besides that, talking about this Impulse to the downside overall seems strong as well. So going with the Order Flow, it’s preferable to go with the short positions unless some sort of Wyckoff Accumulation is observed.

    Nothing more on the weekly Time Frame so moving one step down to the Daily Time Frame, it can be observed that after that previous push to the downside, price correctively pushed upside and after making another Lower High, its impulses to the downside again. Now at the moment, the price is not showing any reversal, and moreover talking about the harmonic ABCD pattern and Pole Flag Pattern, both seem completed for now. This shows that the price still has some strength to the downside.

    CHZ - 4H

    Moving down one more Time Frame which is the 4 Hour Time Frame, the price has some more confluences which shows that it has some potential to the downside. Talking about the structure firstly, that is entire to the downside even in this lower Time Frame. Now as the price was breaking structure to the downside, it flipped the Demand as well, so Supply is in control, and the price is still within that Supply Zone. Now it can’t be ignored that price once has touched that Supply Zone, and not a great reaction was seen from that even tho the momentum of bulls was just not strong. Now as the price is again at the same level so it’s quite possible that the price may do the Stop Hunt of the previous High and after grabbing the liquidity it may fall down. Price can be anticipated that the stop hunt may end with the previous Order Block which lies at $0.1931 from where shorts can be taken. Talking about the invalidation, if that level breaks this whole scenario will get invalidated, and talking about the target the level of $0.1551 may serve as a great one.

  • Fan Tokens on Socios gaining Strength

    Fan tokens are utility tokens that give fans enrollment advantages like extraordinary advancements, items, and occasions in the games and media outlets.

    They additionally permit them to decide on more modest club matters, for example, uniform plans, players showing up in explicit games, and objective music. Having a fan token can likewise allow you admittance to VIP conveniences like a meet and welcome with your cherished player, VIP seating, and other elite advantages. The more tokens you own, the more access and impact you have over group administration.

    Fan tokens can likewise be utilized to get to and buy selective memorabilia from a group. The worth of these exceptional things will in general ascent with time, and when that occurs, just the individuals who approach memorabilia will acquire. In any case, there should be a differentiation drawn between this extraordinary merchandise and the advanced collectibles (NFTs) sold by some football clubs.

    Fans can buy and trade fan tokens very much like some other digital money. The worth of a fan is still up in the air by outer factors, for example, the digital currency market and its notoriety among club allies.

    A large number of the clubs that have offered their own tokens have done as such through Socios, a blockchain business that handles the underlying deal and continuous exchanging of fan tokens. While there are different destinations like Binance, the Socios idea is maybe the best illustration of how fan tokens work.

    Following then, at that point, tokens are delivered in bunches throughout some undefined time frame, generally years, until a foreordained stockpile limit is reached. Certain strategies can be utilized to restrict how many votes a symbolic holder can project, contingent upon a club’s decision.

    Socios’ fan tokens run on the Chiliz convention that is a fork of the Ethereum (ETH) blockchain. Socios does, indeed, utilize the Chiliz local crypto, CHZ, as its sole in-stage cash.

    A few incorporated trades sell fan tokens, but other tokens may not be adequately critical to be recorded at this point. The fan tokens can then be exchanged on decentralized trades (DEXes).

    Fan tokens are a strategy for football clubs to fund-raise without changing their corporate construction or accepting a critical monetary gamble. On the off chance that the clubs had depended on more customary wellsprings of subsidizing, for example, private value or bank advances, this could never have been the situation.

    The FAN Tokens have had a pleasant day today. SANTOS, BAR, and ATM are among the greatest gainers on Binance. Truth be told, these tokens have ruled the top gainer’s list.

  • Chiliz (CHZ), Changing the Entertainment Industry

    Chiliz (CHZ), Changing the Entertainment Industry

    The most basic of concepts have the most potential for spreading. Consider this: some of the world’s most powerful corporations were founded on the most basic of concepts that might have easily been accomplished with a little effort. Chiliz (CHZ) is one of those possibilities. It hasn’t taken flight yet, but it is still in its infancy.

    Chiliz was conceived in 2018 with the intention of incorporating blockchain technology to enable fans around the world with a way to engage with their favorite sports teams as well as a new way for sports organizations to monetize their worldwide fan bases. This is the transformation that is taking place in the sports sector thanks to digital assets known as Fan Tokens, which are fungible digital assets created on the Chiliz blockchain and available on the website socios.com.

    Chiliz’s utility token, CHZ, is an ERC-20 token on the Ethereum blockchain and a BEP-2 token on the Binance Smart chain. To involve team supporters more personally, the website socios.com employs a sort of tokenized voting. In polls, VIP awards, unique promos, AR-enabled features, chat forums, games, and competitions, Fan Tokens can be used to vote, and they can participate in global leader boards.

    The website socios.com was founded in late 2019. The first Fan Token was for Juventus F.C., the most famous Italian soccer club. Following that, several more prominent soccer clubs, including Paris-Saint-German, Atletico de Madrid, A.S Roma, F.C Barcelona, and many others, entered the competition. But it’s not only soccer; F1 teams, the UFC, and the NBA have all partnered with Chiliz.

    Price Movement – Chiliz (CHZ)

    At the time of writing CHZ is being traded at the price of $0.2712. The price decreased by almost 7% in the last 24 hours. CHZ is a really strong token fundamentally. The maximum and minimum today are $0.2949 and $0.2689 respectively. The daily trading volume has decreased by almost 23.61%. CHZ had created its ATH in March 2021 and reached a price of almost $0.9441. Even after the reversal, CHZ still hasn’t been able to recover from the damage>Still it is being traded at the price it had around May.

    CHZ has a circulating supply of almost 85.95B coins and a maximum supply of almost 8.88B. It is listed on coinmarketcap at rank 74. It can be exchanged on Binance, FTX, Gatie.io.

    Price Prediction – Chiliz (CHZ)

    According to wallet investor thinks that CHZ is a good investment. According to them, in one year, CHZ would be worth around $0.638. In a five-year time span, the price is expected to reach a value of $2.009.

  • Chiliz (CHZ) coin overtaken by bullish momentum

    Chiliz (CHZ) coin overtaken by bullish momentum

    Despite the bearish outlook of the cryptocurrency market, Chiliz (CHZ) has been increasingly bullish. At the time of writing, the cryptocurrency stands at a price level of $0.263. The cryptocurrency has moved up by 9% in the past twenty-four hours while the trading volume has shot up by 270%. The fifty-first largest cryptocurrency has been gaining in market capitalization as well.

    Chiliz (CHZ) technical analysis

    The market sentiment for the cryptocurrency is bullish. Out of the total twenty-six technical indicators, eleven are giving out an indication of buy with ten indicators standing at a neutral position and only five indicators bearish. Both the oscillators and moving averages are bullish.

    Chiliz (CHZ) technical analysis
    Chiliz (CHZ) technical analysis

    Chiliz crypto has been identified to be operating on an upward wave count. The bullish momentum is going strong in the market with the wave count lying on various important resistance levels. Currently, Chiliz lies at the first wave. The immediate resistance level can be found at the completion of the first wave at the price level of $0.33 followed by $42 and $0.53. The resistance levels will also be translated into potential price targets for the cryptocurrency if the upward trajectory is sustained.

    What is Chiliz (CHZ) and why is it bullish?

    Chiliz is the native token of the fan engagement and reward platform called Socios.com which is the first of its kind. The social platform is based on the blockchain of Chiliz. Sport fans can trade and purchase Fan Tokens which can also act as a share of influence.

    Kraken – the crypto exchange – recently listedChiliz (CHZ) along with some other cryptocurrencies, namely, Axie Infinity (AXIE), Origin Protocol (OGN), and Perpetual Protocol (PERP). The trading of the assets on Kraken started on July 13th and may have played a role in the bullish momentum of Chiliz.

  • Chiliz (CHZ) coin – Decisive price action ahead

    Chiliz (CHZ) coin – Decisive price action ahead

    Chiliz (CHZ) has been on a downtrend ever since establishing its all-time high at $0.77 in April. CHZ crypto has entered a consolidation phase recently. The indecisiveness of the market may entail the onset of a price rally for the cryptocurrency. At the time of writing, CHZ coin stands at a price level of $0.28. The price has increased by 5% in the past twenty-four hours while the daily trading volume has declined by 30%.

    Chiliz (CHZ) Technical Analysis

    The market sentiment for Chiliz crypto has turned bullish despite the general bearish outlook of the overall crypto market. Out of the total twenty-six technical indicators, ten are giving out a signal of buy while nine stand at a neutral position with only seven signals of sell. The oscillators are neutral while the moving averages suggest an uptrend in the daily timeframe.

    Chiliz (CHZ) Technical Analysis
    Chiliz (CHZ) Technical Analysis

    Traders and analysts have turned bullish on the cryptocurrency – suggesting a long position – as CHZ coin picked up the pace. Per an analysis, CHZ crypto has been operating in a descending channel formation. The cryptocurrency had stabilized inside the channel as price started consolidating with a strong level of support. However, Chiliz coin showed increased bullish momentum as it reached upwards to break out of the formation but as the upper boundary of the formation is acting as strong resistance, CHZ failed. CHZ can now either test the support level at $0.1 to reach back upwards to higher highs.

    What is Chiliz (CHZ)?

    Chilizis another application of blockchain technology in the entertainment sector. The cryptocurrency is one of the leading ones in the sport and entertainment industry. CHZ is the native token of the world’s first engagement and reward platform for fans based on the blockchain, Socios.com. The aim of the platform is to ultimately create a Fan Token which tokenizes and shares the collective influence of active and passive fans.

  • Chiliz (CHZ) has been on the move following a Million U.S. Expansion Update

    Chiliz (CHZ) has been on the move following a $50 Million U.S. Expansion Update

    The leading blockchain provider in sports is set to expand its network in the US with a $50 million grant.

    Chiliz (CHZ) has recently been in the highlights following the rising popularity of NFTs and the improving infrastructure supporting the nascent market. This has resulted in triple-digit rallies for CHZ.

    Moreover, analysts are still bullish on Bitcoin to pump in April despite dropping below $55K, once again. Chiliz is in a good position following the announcement of US expansion. The sports-based blockchain platform is really making a mark and now, it has listed itself on Bitcoin.com Exchange, HitBTC, and Changelly platform.

    What’s Next?

    Chiliz (CHZ) is one of its types in the crypto market, which gives it an advantage over other digital assets. Chiliz is a currency option for blockchain-backed products and services geared towards mainstream consumers.

    One of the biggest developments that took place recently was the listing of CHZ on Bitcoin.com on 3rd March 2021 and later on Changelly. This will allow more users to access digital access on the top-ranked crypto exchanges.

    Chiliz developed the Socios.com sports fan engagement platform which is built on the Chiliz blockchain infrastructure and uses CHZ/USD as its exclusive on-platform currency. The digital asset has collaborated with 23 renowned sporting clubs of Europe which include FC Barcelona, Juventus, AC Milan, Atlético de Madrid, Paris Saint-Germain, Trabzonspor, Galatasaray, among them.

    Moreover, leading esports networks including OG, NAVI, Alliance, and Team Heretics have launched Fan Tokens on Socios.com. While, the most famous MMA organization, UFC has also signed a global fan engagement agreement with Chiliz.

    Following these achievements, Chiliz is expected to partner with more sporting brands in the US. In that premise, the digital platform has plans to invest $50 million in its expansion to the United States. The CEO of Chiliz, Alexandre Dreyfus highlighted that the company has big plans for the US.

    As per the CEO, Chiliz is also working towards a massive expansion of its network with Formula One and eSports teams. The blockchain platform is fully committed to its US project, which is its key focus at the moment. For that reason, they are launching a New York office, which would be part of a $50 million investment in the sports industry in the country.

    Chiliz (CHZ) has already made millions in revenues from sporting events across Europe. Dreyfus added that in 2020, they shared more than $30 million with their partners and expect to double their sharing up to $60 million this year.