Chiliz (CHZ) Price Surge To $0.5 Imminent! Will NFTs Kickstart A Bull Run By The End Of Q1?

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The folks from the crypto fraternity are keen on diversifying their portfolio. To form a mixed bag of mainstream cryptocurrencies, NFTs, Metaverse projects, DeFis, and DAOs. Successively, NFTs are now under the radar of a majority of investors and traders.

Who is seeking to extract higher yields from their invested funds?

The talks around NFTs have been gaining steam, which of late have been distant from the spotlight amidst the prevailing tensity in the business. However, the emerging sector could reinitiate a run like it did in the previous year. As big money players will be taking major steps this year with Metaverse. Conversely, Chiliz strides to the limelight, as the makers hold a campaign ahead of the launch of Chiliz Chain 2.0.

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Chiliz Chain 2.0 A Treasure For Individuals?

The launch of Chiliz Chain 2.0 is just around the corner. The makers have initiated a campaign that will further reinforce the community. The team behind the protocol is inviting individuals to help find the firm a suitable name for its sports and entertainment chain. As the firm ventures into the world of Web 3.0.

The campaign period will span until the 21st of March, the forms will be closed by the start of the second week of March. A minimum of 30,000 CHZ will be given away to winners, and more rewards will follow up at each stage of the campaign. However, only CHZ holders will be able to vote in the final stage.

The public test net launch of Chiliz Chain 2.0 is presently scheduled for quarter 1 of this year. Meaning we can expect the launch in the next couple of weeks. The Chiliz Chain 2.0 will stimulate the adoption of blockchain across sports and entertainment to a greater extent.

The Chiliz ecosystem has its wings spread to a number of sports that include basketball, ice hockey, motorsport, football, amongst others. Moreover, the recent partnership of Socio with UEFA has brought in notable limelight. The collaboration contracted through 2024, will make fan tokens available to the fan token holders who will be able to participate in games held by UEFA.

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Chiliz (CHZ) Price Projections

CHZ price at the time of press is changing hands at $0.2018 with gains registered at 2.09%. Whilst the market cap of the digital asset is currently hovering around $1,205,579,404, up 2.09% over the bygone day. The volume of trades since the past 24-hours is up 49.06% at $225,087,174.

The price of CHZ has been trading in the 24-hour ranging from $0.1845 to the highs of $0.2058. The price is currently up 36.71% since its cycle low of $0.15, which was observed on the 24th of February. CHZ price has been longing for a bullish impetus that could propel the price to levels around $0.5.

Summing up, consider the future prospects of the industry and NFTs in general. Chiliz is one of the potential buys in the industry, with its capabilities and prominence in sports. We can expect CHZ propelling to higher cliffs in near future, provided the requisite catalysts fall in place.

Time Stamp: March 4, 2022