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Chiliz Price Prediction 2023-2032: Is $CHZ a Good Investment?

Chiliz Price Prediction 2023-2032

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 the Chiliz Price Prediction 2023-2031 reflect the continuing support by esports fans?

CHZ price has been bearish this month and even a bullish candlestick on 2 December failed to initiate an upward movement. The Chiliz ecosystem is home to various fan tokens and was expected to receive a boost during the FIFA World Cup, but that has yet to occur.

The soccer token powerhouse lost a large chunk of its total market cap, shrinking from $1.43bn one day before kick-off on November 19th, 2022, to a dismal $813 million today. Further, the next crucial resistance line to be tested is $0.14 if the bearish trend persists.

Last 30 October, Chiliz price analysis suggests that the coin is in bullish momentum after the previous day’s correction, though the next resistance at 0.2283 may present a selling opportunity for investors. Support for CHZ will generally be available in Coinbase’s supported jurisdictions with the exception of Singapore.

How much is CHZ (Chiliz) worth?

Today’s Chiliz price is $0.133800 with a 24-hour trading volume of $107,437,000. Chiliz is up 5.00% in the last 24 hours. The current CoinMarketCap ranking is #55, with a live market cap of $891,576,114. It has a circulating supply of 6,663,503,543 CHZ coins and a max. supply of 8,888,888,888 CHZ coins.

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.

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What is Chiliz?

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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, making Chiliz a favorite football fan token.

Chiliz Founders

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 France’s largest online poker sites.

Emma Diskin became the Chief Operating Officer at Chiliz in 2018. He 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?

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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.


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.

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Source: Socios.com

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 may 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.

CHZ Latest Developments 

  • CHZ token has been making significant partnerships and developments, most notably with Wootrade, a leading digital asset trading platform.

This is a very positive development for CHZ token holders as it will help increase their liquidity and give holders another avenue to trade their tokens.

  • CHZ has also partnered with Huobi to launch a Fan Token Zone on the Huobi Global platform.

The Fan Token Zone is a dedicated trading area for CHZ and other fan tokens.

This is a great development as it will help increase the visibility of CHZ and give holders another option to trade their tokens.

Huobi Global will List PSG, JUV, ATM, OG (Paris Saint-Germain Fan Token, Juventus Fan Token, Atletico Madrid Fan Token, OG Fan Token) on July 19, 2022

  • CHZ has also been listed on a number of other exchanges, most notably Binance.

This is a very positive development as it will help increase the token’s liquidity and give holders another avenue to trade their tokens.

  • Recently on July 18th, Socios.com announced a partnership with leading Gallagher Premiership clubs to bring its fans’ engagement and rewards platform to rugby union. The announcement was made on the Chiliz official website in a blog post.

The partnership is a big deal as it will help increase the visibility of CHZ and give holders another option to trade their tokens.

This is a very positive development for CHZ token holders as it will help increase their liquidity and give holders another avenue to trade their tokens. These are just some of the recent developments that have been made by CHZ token.

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

Chiliz’s technical analysis reveals CHZ is trading in a triangle pattern. The trading range has been narrowing, and currently, the price is testing a key resistance level at $0.20. The fan token formed higher highs at $0.172 on 8th February and $0.187, but those moves were met with selling pressure as the price failed to break through the resistance level.

The RSI is currently in a neutral zone and shows no signs of any extreme bullish or bearish momentum. The MACD remains mostly flat, signaling that market sentiment is mixed around CHZ.

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The weekly RSI has formed a bullish divergence near the oversold area and is pointing towards a possible upward breakout. Looking ahead, the key level to watch is $0.20. If CHZ can break above this resistance, it could open up a path to higher highs. Conversely, if the token fails to overcome the resistances at $0.20, it could create further selling pressure and take CHZ back to the lower range of the triangle.

The price of Chiliz has remained above the 50-day and 200-day moving averages since the end of December 2023. This suggests that CHZ will likely remain in an uptrend for the medium term as long as it stays above these key support levels.

Chiliz’s price movement in the last week shows the fan token fell sharply from $0.1737 to the current price of $0.1381.The recent price action shows a consolidation around the support level of $0.13 and suggests that the token will likely remain range bound.

The technical indicators reveal a potential breakout in the near term, above the Fibonacci level of $0.20, with a target of $0.25 and then to the next resistance at $0.30. If CHZ can break above $0.20, it could signal a further uptrend in its price movement. Conversely, if the token fails to overcome this resistance level, it will likely continue trading within its range-bound pattern.

Chiliz Price Predictions by Cryptopolitan

Chiliz’s price prediction for 2023 depends on the market sentiment and technical indicators. The fan token has been trading in a horizontal trend line for some time now and could be due for another breakout at any moment.

From 2023 to the end of 2025, we have a bullish outlook for the CHZ coin and expect it to test higher levels in the next ten years.

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Chiliz Price Prediction 2023

Our Chiliz CHZ price prediction for 2023 expects the CHZ coin to trade at a minimum price of $0.19 and an average price of $0.19.The cryptocurrency market sentiment is expected to remain positive long-term, driving CHZ’s price higher towards a maximum price of $0.22.

Chiliz Price Prediction 2024

In 2024, our Chiliz price prediction expects the CHZ coin to trade at a minimum price of $0.26 and an average price of $0.27. The cryptocurrency market sentiment is expected to remain bullish, driving CHZ’s price higher toward a maximum price of $0.32.

Chiliz Price Prediction 2025

The Chiliz price forecast for 2025 shows that Chiliz could attain a maximum price of $0.46 and a minimum price of $0.36. The digital currency is expected to have a good year as the adoption of Chiliz and other cryptocurrencies increases. The average forecast price is expected to be around $0.38.

Chiliz Price Prediction 2026

According to our CHZ fan token price prediction for 2026, we expect the coin to trade at a maximum of $0.62 and an average price of $0.55. The minimum price forecast is expected to reach around $0.53 during this period.

Chiliz Price Prediction 2027

The Chiliz price prediction for 2027 shows that Chiliz could reach a maximum price of $0.92 and a minimum price of $0.80. The average forecast price is expected to be around $0.82.

Chiliz Price Prediction 2028

The Chiliz price forecast for 2028 indicates positive growth for the fan token. We expect $1.37 as the highest price and an average price forecast of $1.17 over this period. Our minimum price is expected to be around $1.14 in 2028.

Chiliz Price Prediction 2029

According to the CHZ price prediction for 2029, CHZ is expected to have a minimum price of $1.55 and a maximum price of $1.96. The average expected trading price is $1.61.

Chiliz Price Prediction 2030

Our CHZ price forecast for 2030 indicates even more bullish sentiment for the coin. We expect a maximum value of $2.74 and an average price forecast of $2.32 over this period. Our minimum price is expected to be around $2.95 during this period.

Chiliz Price Prediction 2031

Our Chiliz coin price prediction for 2031 is a maximum level of $3.97 and a minimum price of $3.38. The average trading price expected for 2031 is $3.50.

Chiliz Price Prediction 2032

Our Chiliz price prediction for 2032 is CHZ coin to attain a minimum price value of $4.90 and an average forecast price of $5.04. The maximum CHZ price is expected to be $5.93.

Chiliz Price Predictions by Coincodex

Coincodex uses technical analysis to make its Chiliz price predictions. According to their analysis, the value of Chiliz is predicted to rise by 7.64% and reach $ 0.149947 by February 17, 2023. According to technical indicators, the current sentiment is Bearish, while the Fear & Greed Index shows 50 (Neutral). Chiliz recorded 16/30 (53%) green days with 5.15% price volatility over the last 30 days. Based on the Chiliz forecast from Coincodex, it’s a bad time to buy Chiliz.

According to their predictions by Coincodex, the general Chiliz price prediction sentiment is bearish, with 9 technical analysis indicators signaling bullish signals and 22 signaling bearish signals. In the short term, Coincodex predicts that Chiliz will go down in price. However, the long-term outlook is a bit brighter, with a maximum price prediction of $3.34.

Chiliz Price Predictions by Technewsleader

Technewleader is bullish on Chiliz’s future prices as the website expects a price change of +3.15% by the end of 2023, reaching a maximum price of $0.28. The website also predicts that by 2025, Chiliz will reach a maximum of $0.47 and have an average price of $0.39 for the year. Technewsleader’s prediction expects Chiliz to trade at a range of $1.65 to $1.98 in 2029.

Chiliz Price Predictions by Wallet Investor

Wallet Investor is bearish on Chiliz’s future price and suggests that the value of Chiliz will decrease significantly over the next five years. According to their analysis, the Chiliz price prediction for 2023 is $0.0238, and ‘the long-term prediction is +4.16 percent in one year.

Chiliz Price Prediction by Industry Experts

Chiliz has been praised by some of the most prominent players in the crypto realm and supported by many powerful individuals. This is why it’s anticipated that Chiliz will exhibit ongoing growth over time, making it an attractive venture for investors. Industry experts predict that the Chiliz price will continue to increase, especially given its impressive performance in recent years.

For instance, Cilinix crypto has a prediction of $0.129 for the year 2023 and a $2.753 prediction by 2025. The Youtuber has given a technical and fundamental analysis of the asset and believes it will reach these prices in the stated times.

The analyst is more conservative with his predictions and believes that a price of $0.40 is achievable in the next three years. This prediction is still positive considering the current market conditions where Chiliz’s price has become stable at around $0.30.

Conclusion

Through Socios.com, a blockchain-based fan engagement platform, Chiliz has made significant strides. The project announced that a new generation of Chiliz is coming soon, dubbed the ChilizScoville Scale. The new token standard will enable the project to interact with multiple blockchains. The move is in a bid to expand its boundaries and adoption further. Chiliz is a popular digital currency with a solid track record. Any sport or esports in the world can monetize fan demand. Chiliz is a pioneer in activating and monetizing sports fans through radical fan engagement with favorite teams.

On the Chiliz chain, there are 28.8 million total transactions and little less than 1.8 million wallet addresses. The project has had important endorsements in non-soccer sports (like American football), and furthermore, with its planned Chiliz 2.0 upgrade, it has been moving toward a Web3 makeover. Web3 is still a hot industry that some think has enormous potential, despite the unfavorable market conditions experienced in 2022.

Despite the enthusiasm from US-based organizations, only foreign clubs have so far made fan tokens available to further engage with their local communities. But despite the difficulties in the crypto market and the stumble in the NFT sector, CHZ has observed a very encouraging trend in the number of weekly active users since August 2022.

Before the Qatar 2022 World Cup, Chiliz experienced a significant price increase; thus, it made sense for profit-hungry cryptocurrency investors to lock in gains. Post-World Cup euphoria, the token experienced some downsides but has recovered since the start of 2023.

Due to the continued popularity of sports and the fact that it is still a distinct product on the market, its ecosystem has a strong chance of success. However, the prices of digital assets are extremely volatile, and you must conduct your own research before investing in digital assets.

FAQs

Is Chiliz (CHZ) a good 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?

By the end of the year 2032, CHZ is expected to make significant gains and reach a maximum price of $5.93.The minimum price is forecasted to be around $4.90, while the average price could be around $5.04. Or maybe higher with favorable market conditions.

Where to buy CHZ?

Binance, Huobi, and other popular crypto exchanges.

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 Chiliz ensure privacy?

Because CHZ is the basis of a decentralized network that allows data encryption, it is secure. Encryption provides complete privacy.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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