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Chiliz Price Prediction 2022-2031: Is $CHZ a Good Investment?

chiliz

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 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.

Today’s Chiliz price is $0.185027 USD, with a 24-hour trading volume of $293,147,442 USD. Chiliz is down 1.53% in the last 24 hours. The current CoinMarketCap ranking is #46, with a live market cap of $1,110,233,079. It has a circulating supply of 6,000,386,953 CHZ coins and a max. supply of 8,888,888,888 CHZ coins.

Also Read: Bitcoin, Binance Coin, Waves, and Chiliz Daily Price Analyses – 21 June Morning Price Prediction

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, 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?

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.

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 price analysis indicates CHZ’s price has been in an ascending triangle pattern in the last 30 days. The pattern is considered bullish, so the price will likely continue growing. CHZ’s current price is $0.2078, and the price is slightly above the 20-day moving average of $0.1914. The price is also above the 50-day moving average of $0.1795, indicating that the short-term trend is bullish.

The current support levels are $0.1920 and $0.1850, while the resistance levels are $0.2160 and $0.2230.The finnobacci retracement levels for the uptrend are 0.2360, 0.2230, 0.2160 and 0.2020. The Fibonacci extension levels are $0.2520, $0.2700 and $0.2940.

The Relative Strength Index (RSI) is a technical indicator used to measure the strength of a stock’s price movement. It is considered a bullish signal when the RSI is above 50 and a bearish signal when it is below 50. The RSI for CHZ is currently at 54.3, indicating that the stock is in neither overbought nor oversold territory.

There has been massive price fluctuation in the last few weeks as the price surged to $0.26 on August 24 and then dropped to $0.1436 on August 10. The price has been slowly climbing since then and is currently trading above the $0.20 level. CHZ volatility is currently high, as indicated by the bulging Bollinger bands.

Chiliz Price Prediction 2022-2031: Is $CHZ a Good Investment? 1

The MACD is a momentum indicator that shows the relationship between two moving averages of a stock’s price. The MACD for CHZ is currently in the bullish zone as the 12-day EMA (exponential moving average) is above the 26-day EMA. However, the MACD line is close to crossing over the signal line, which is a bearish signal.

The moving average convergence divergence (MACD) histogram is currently in the positive territory but is close to the zero line, which indicates that the momentum may be slowing down.

Based on our analysis, CHZ is likely to consolidate in the short term and continue to rise in the long term. If the current trend prevails, we could see CHZ’s price correct to $0.2360 in the short term and rise to $0.2940 over the long term.

Chiliz Price Predictions by Authority Sites

Wallet Investor

At Wallet Investor, they have predicted that CHZ will decline in the future and could devalue to a minimum trading price of $0.0312, representing a -84.740%. They have a bearish outlook for Chiliz for the next five years. They believe the digital asset will likely crash in the future after riding a wave of popularity in late 2020.

DigitalCoinPrice

On Digital Coin Price, their CHZ price predictions for 2025 are a bit more optimistic than Wallet Investor. They have said that Chiliz could reach a maximum price level of $0.29 by the end of 2022, and in the following year, they have estimated that CHZ will reach a minimum of $0.44. Their 2025 average price target for Chiliz is $0.86; in the long-term projections, they have said Chiliz could rise to a maximum price value of $2.96 in 2030.

Technewsleader

Technewsleader is also bullish on Chiliz and has said that the digital asset will reach $0.22 by 2027. The site goes on to state that in the next 5 years, Chiliz is anticipated to attain a maximum price value of $0.70. They are bullish on the long-term predictions as they believe by 2030, CHZ will be trading at $4.20.

Cryptopolitan

Chiliz Price Prediction 2022-2031: Is $CHZ a Good Investment? 2

Chiliz Price Prediction 2022

By the end of the last quarter of 2022, CHZ is estimated to attain a maximum value of $0.19, which is possible according to the current price action and technical analysis. CHZ could also touch a low of $0.17 before climbing to an average price of $0.18.

Chiliz Price Prediction 2023

As per the current trend and market analysis, 2023 could be a good year for Chiliz as it might attain a maximum price level of $0.31 by December 2023. This is due to the platform’s increasing adoption and the partnerships it has formed with some of the biggest names in the sports industry. The digital currency is expected to attain an average trading price of $0.26 and a minimum price value of $0.26.

Chiliz Price Prediction 2024

In 2024, CHZ is expected to reach a maximum price value of $0.45 as more and more people become aware of the benefits of using the Chiliz platform. The increasing adoption of cryptocurrencies and blockchain technology will also drive up the price to an average price of $0.040.The Chiliz CHZ price forecast for 2024 suggests that Chiliz could reach a minimum price level of $0.39 by the end of 2024.

Chiliz Price Prediction 2025

In 2025, it is anticipated that Chiliz might attain a maximum price of $0.67 due to the increasing adoption of the Chiliz platform and the positive sentiments in the market. The average price is expected to be $0.58, while the minimum price could be around the $0.56 mark.

Chiliz Price Prediction 2026

CHZ forecast for the year 2026 suggests that Chiliz might reach a minimum price of $0.84 before the end of the year. The maximum price is estimated to be around $0.97, while the average price could be $0.86. This is due to the increasing adoption of Chiliz and the positive sentiments in the market.

Chiliz Price Prediction 2027

The Chiliz CHZ price prediction for 2027 shows that Chiliz could attain a maximum price of $1.46 and a minimum price of $1.22. 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 $1.27.

Chiliz Price Prediction 2028

In the year 2028, CHZ is expected to continue its upward trend, with the highest price estimated at $2.11. The minimum price is estimated to be around $1.83, while the average price could be $1.89.

Chiliz Price Prediction 2029

The Chiliz coin price prediction for 2029 shows that Chiliz could reach a maximum price of $3.19 and a minimum price of $2.70. The average forecast price is expected to be around $2.78.

Chiliz Price Prediction 2030

2030 might be a bullish year for CHZ, and the forecasted maximum price is $4.76. CHZ might drop and touch a low of $4.05 but is expected to end the year at an average price value of $4.19.

Chiliz Price Prediction 2031

By the end of the year 2031, CHZ is expected to make significant gains and reach a maximum price value of $7.06. The minimum price is forecasted to be around $4.19, while the average price could be around $5.98.

Chiliz Price Prediction by Industry Experts

Chiliz has been recognized by some of the biggest names in the cryptocurrency market and has been backed by some of the most influential people. This is one of the main reasons why Chiliz is expected to continue its upward trend in the years to come.

Notably, “Daily Crypto’‘, a Youtube-based crypto-currency analyst, has given a price prediction of CHZ potentially gaining by 9000 percent and reaching $1 by mid-2022. The Youtuber has explained the project’s fundamental analysis and given various reasons for his price prediction. The YouTuber is one of the most popular crypto-currency analysts, and over 42.1k has also pointed out why Chiliz is a good long-term investment.

Socios has risen to prominence in the digital asset world as more and more sports organizations seek to advance their Web3 and blockchain initiatives. Chiliz has acquired a $100 million stake in Barca Studios, Barcelona FC’s digital content and distribution facility. Chiliz is now the second-largest sports coin after Flow (FLOW).

Conclusion

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.

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 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.

According to the latest data gathered, CHZ is a good long-term investment. The digital currency is expected to continue its upward trend in the years to come. Even though predictions for the future are often inaccurate, it’s worth considering them when trying to predict whether the CHZ price will go up or down.

Chiliz cryptocurrency has a limited token supply, yet it is a volatile digital asset. Cryptocurrencies can vary in price like a roller coaster and can rise or fall within seconds. Conducting a risk assessment before investing in Chiliz or any other cryptocurrency is critical, as our price predictions are not investment advice.

It is important to remember that the prices of digital assets are very volatile, and it is very hard to predict their exact future prices. This article should not be considered investment advice, and you should always do your own research before investing in any digital asset.

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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 2031, CHZ is expected to make significant gains and reach a maximum price value of $7.06.The minimum price is forecasted to be around $4.19, while the average price could be around $5.98. Or maybe higher with favorable market conditions.

Where to buy CHZ?

Binance, Huobi,

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.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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