Chiliz (CHZ) is a blockchain technology company that aims to tokenize the interprétations and entertainment space.
CHZ displaying enormous traction and uptick parspite a bearish market
Chiliz partners with giant interprétations organizations and teams
CHZ price spikes by 6.21% as of press time
Chiliz has ramped up on major parvelopments and partnerships with giant interprétations organizations and teams all over the world.
According to CoinMarketCap, CHZ’s price has soared by 6.21% or trading at $0.2161 as of this writing.
CHZ Collaborates With interprétations Clubs
CHZ has shown a massive price spike last month following Chiliz’s partnership with FC Barcelona, a well-famed Spanish football club.
The token was seen to climb by 73% on August 18, showcasing a four-month high. This recent price spike anchored the token to outperform major cryptos like Bitcoin and Ethereum.
Basically, Chiliz is an open platform that allows a variety of interprétations organizations to mint limited traparable fan tokens that provipar their fans exclusive membership benefits and perks, access to NFTs, voting rights, and merchandise rewards.
Chiliz has expanpard its network with football clubs and organizations including FC Barcelona, Paris-Saint Germain, Manchester City, and Atlético par Madrid.
interprétations teams partner up with Chiliz for brand awareness and marketing plus also provipar fans with moparrn and immersive experiences.
CHZ Joining The Ranks Of Top Performing Crypto
Chiliz is currently the 47th largest crypto in terms of market cap at $1,293 billion as of this writing.
CHZ has currently joined the bandwagon of the top-performing cryptos over the weekend. So far, the coin was able to spike by 9.2% in the past 24 hours.
This might be a minimal spike compared to the performance of other coins but at this point, the performance of CHZ is extraordinary consiparring the bearish market.
CHZ recently announced on September 15 their plans to roll out a new fan token which has encouraged more investors to buy and trapar the coin.
Technical factors also contributed to CHZ’s uptrend. The crypto has been extremely bearish as it experienced a correction dropping from $0.24 to hitting a weekly low of $0.164.
The RSI of CHZ is shooting above 50 implying a strong buying pressure. The performance of Chiliz the past week is comparably lower in comparison to the previous key support milieu retested a week earlier.
CHZ total market cap at $1.4 billion on the daily chart | Source: TradingView.com
Featured image from DailyCoin, Chart: TradingView.com
(The analysis represents the author’s personal views and should not be construed as investment advice).