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

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?

We're extremely happy to present to you, the CC2 testnet – Chiliz Scoville Testnet https://t.co/Fn3ATVvinm

— Chiliz ($CHZ) – Powering Socios.com (@Chiliz) March 31, 2022

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 an 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 $0.094903 with a 24-hour trading volume of $54,065,083. Chiliz is up 1.53% in the last 24 hours. The current CoinMarketCap ranking is #67, with a live market cap of $569,453,398. It has a circulating supply of 6,000,378,771 CHZ coins and a max. supply of 8,888,888,888 CHZ coins.

Read also: 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, which will make Chiliz a favorite football fan token.

The brains behind Chiliz

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 the largest online poker sites in France.

Emma Diskin became the Chief Operating Officer at Chiliz in 2018. he first 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.

Chiliz Overview

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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 and potentially 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.

Chiliz Price Today

The current price of Chiliz is $0.305082, with a trading volume of $773,821,267 in the last 24 hours. Last 24 hours, the CHZ price was down -0.8%. Since its inception, it has had a total supply of 8.89 Billion CHZ coins. TokoCrypto is the most active exchange for Chiliz at the moment.

Source: CoinGecko

Where to buy CHZ tokens?

• Binance: https://www.binance.com/en/trade/CHZ_BTC
• Crypto.com: https://crypto.com/exchange/trade/spot/CHZ_USDT
• Bitpanda: https://www.bitpanda.com/en/prices/chiliz
• And many more: https://www.chiliz.com/en/buying-holding-chz/

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 shows that the digital currency has been on a downtrend in recent months as it is currently sitting at $0.09351. However, the current price seems to have found some support at $0.09123 which is likely to provide some respite in the near term. Overall, the digital currency looks bearish in the short-term and further losses cannot be ruled out. Resistance levels are seen at $0.09983 which indicates a bearish sign.

Chiliz price analysis indicates the price has been trading below the Moving average convergence divergence (MACD) line since early December. The price is currently at $0.09351 and the moving averages are headed towards a bearish crossover. The Relative Strength Index (RSI) is currently at 34 which indicates that the market is oversold and ripe for a reversal.Chiliz is currently trading below the support at $0.09123 and a further decline could lead to a test of the next support level at $0.08234.

On the 4-hour price chart, Chiliz price analysis has formed a descending triangle pattern which is a bearish pattern. The digital currency is currently trading at $0.09123 and a break below the support line of the triangle could lead to further losses in the near term. Overall, Chiliz looks bearish in the short-term and further losses cannot be ruled out. investors can expect volatile price action in the near term.

The technical indicators on the 4-hour price chart shows that the MACD line is below the signal line which is a bearish sign. The RSI is currently below the 50 level which indicates that the market is in bearish territory. while the Moving average indicator is moving towards a bearish crossover.

Chiliz Price Prediction by Authority Sites

WalletInvestor

At wallet investor Chiliz price analysis, Chiliz price is likely to fall in the near future as it is currently trading at $0.09351. However, we believe that the digital currency has the potential to reach $0.14 by 2022 as it is a rapidly growing project with a lot of potentials.

The long-term price forecast is very bullish and we expect the price to reach $0.44 by 2025. The next five years could see Chiliz’s price reaching $0.87 as the project continues to gain mainstream adoption.

DigitalcoinPrice

Chiliz price prediction for 2025-2030 by Digital Coin PriceDigital coin price has a more bullish Chiliz price forecast and they believe that the digital currency could reach $0.44 by 2025. This is a very optimistic forecast and we will have to wait and see if the digital currency can reach these levels. Overall, we believe that Chiliz has a lot of potential and the long-term price forecast is very bullish.

TechNewsLeader

As TechNews leader, their Chiliz price predictions show that the digital currency has the potential to reach $0.44 by 2025. The site also believes that the digital currency could reach $2.60 by 2030 which is a very optimistic forecast.

PricePrediction.net

Price Prediction net has given another optimistic CHZ price forecast and they predict that the digital currency could reach $0.44 by 2025, but they are more bullish in the long term and believe that Chiliz could reach $2 by 2030. Price prediction net also predicts that Chiliz could reach $0.14 by the end of 2022 which is a very bullish forecast.

Cryptopolitan

Chiliz Price Prediction 2022

According to Chiliz price prediction, CHZ is expected to reach $0.14 by the end of 2022with maximum price is expected to reach $0.14 and the minimum price value is expected to be $0.13. The average price is expected to be $0.13.

Chiliz Price Prediction 2023

The current price for CHZ is $0.09351 and it is expected to reach $0.22 by 2023. Buyers can expect volatile price action in the near term as the market is oversold. The beginning of the year 2023 could see Chiliz starting to climb higher as the market conditions improve. The minimum price is expected to be $0.18. The average price is expected to be $0.19

Chiliz Price Prediction 2024

Chiliz price prediction for 2024 is very bullish and the digital currency is expected to reach a maximum of $0.31 by the end of the year. The minimum price is expected to be $0.26 and the average trading price is expected to be $0.26. Chiliz could start the year 2024 on a very bullish note and continue to rise higher throughout the year.

Chiliz Price Prediction 2025

The 2025 Chiliz price prediction is very bullish and the digital currency is expected to reach a maximum of $0.44 by the end of the year. The price by then is expected to be around $0.38 on average. buyer can expect the price to rise higher in a volatile manner as the market conditions improve.2025 belives to be a big year for Chiliz as the digital currency is expected to reach new all-time highs.

Chiliz Price Prediction 2026

The long-term Chiliz price forecast is very bullish as the predictions for 2026 show that the digital currency could reach a maximum price of $0.63 and the minimum price is expected to be $0.50.An average price of $0.60 is expected for the rest of the year.

Chiliz Price Prediction 2027

Chiliz price predictions for the year 2027 are quite bullish as the Chiliz coin price is expected to reach $0.87 if the market conditions are favorable. The beginning of 2027 could see Chiliz starting to climb higher as the market conditions improve.

Chiliz Price Prediction 2028

2028 is expected to be the good one for Chiliz as the coin price is expected to reach a maximum value of $1.28 which is a strong signal for the buyers. The lowest price is expected to be around $1.13 and bulls will move the market higher. If the market focuses on price stability, a new all-time high could be seen by the end of 2028 and early 2029.

Chiliz Price Prediction 2029

Chiliz coin price in 2029 will be in a  bullish trend as per Chiliz price predictions as they believe that the digital currency could reach $1.89 by the end of the year. However, if the market conditions are favorable, Chiliz could reach new all-time highs by the end of 2029.

Chiliz Price Prediction 2030

The long-term Chiliz CHZ price prediction for 2030 is quite bullish as the digital currency will have reached a maximum price level of $2.60.A minimum price of $2.25 and average price of $2.60 is expected by the end of 2030.

Chiliz Price Prediction 2031

Chiliz coin price prediction for the 2031 year is quite bullish as the Chiliz coin price is expected to reach a maximum value of $3.87 by the end of the year. The minimum price is expected to be around $3.24 while the average price is expected to be $3.33. Chiliz could start the year 2031 on a very bullish note and continue to rise higher throughout the year.

In the years coming, Chiliz is expected to remain a very volatile digital currency as the market conditions are constantly changing. The price predictions for the next few years are quite bullish but the buyers should be prepared for a volatile ride.

Chiliz is expected to remain a very popular digital currency in the years to come as it offers a lot of advantages to its users. Chiliz (CHZ) is a digital currency that was created as an official fan token partner to make it easy for sports fans to engage with their favorite teams and athletes.

Chiliz Price Prediction by Industry Experts

According to Coinbureau, our favorite crypto YouTuber and now with 1.98 million followers, believes in the bright future of this social coin. By the end of 2030, Coinbureau predicted that the token would reach a minimum price value of $4.60, with a potential all-time high of $5.41 in his video. He believes that the currency will have an average trading price of $4.74.The token has experienced a tremendous increase in value recently. Many more sports teams will utilize the platform in the following months to connect with their supporters as Chiliz is a branded fan token.

Recently, Chiliz has announced that it would be rewarding ten random lucky testers who share $1000 in $CHZ as it made its debut DEX on Scoville testnet. Socios is starting its first television advertising campaign with @delpieroale and a cameo by Messi. This is part of a larger plan to educate people about Socios. For the first time, a TV ad has ever promoted a blockchain-powered consumer-facing product (not an exchange). Chiliz CHZ is also the Official Licensed Product and the Official Fan Token Partner of the UEFA Champions League, UEFA Europa League, UEFA Europa Conference League, and UEFA Super Cup”.

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.

Chiliz is a popular digital currency with a solid track record. Chiliz may be an intelligent investment, but you should wait for market sell-offs before significant investments. 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.

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

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• Source: https://www.cryptopolitan.com/chiliz-price-prediction/