Friday, December 2, 2022
 

Chiliz (CHZ) Price Prediction: Will CHZ Price Hit $0.6 in 2022?

  • Bullish Chiliz (CHZ) price prediction ranges from $0.1500 to $0.4000.
  • Analysis suggests that CHZ price might reach $0.6 soon.
  • CHZ’s bearish market price prediction for 2022 is $0.04.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Chiliz (CHZ) is one of them.

Chiliz is the company that created the Socios platform as well as the CHZ coin. CHZ is an ERC-20 token that runs on the Chiliz blockchain, which is built on Ethereum. The token functions as cash, allowing users to purchase NFTs from Chiliz’ Socios, a fan token marketplace.

If you are interested in the future of CHZ and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Chiliz (CHZ)?

Chiliz, created by the eponymous Malta-based FinTech provider, is the leading digital currency for sports and entertainment. It runs on the blockchain-based sports entertainment platform Socios which allows users to participate in the governance of their favorite sports businesses. Chiliz token is a utility token that began on the Ethereum blockchain and is the official cryptocurrency of the Socios.com platform. Fan tokens provide a mechanism for sports clubs and groups to communicate with their fans while also opening new revenue streams. 

The company’s mission is to bridge the gap between active and passive fans. Chiliz has formed collaborations with some of the world’s most prestigious sporting institutions, such as FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. In addition, it has partnerships with the UFC and other gaming organizations. By purchasing CHZ, fans gain access to a variety of fan tokens and can stake in their club.

Every sporting organization utilizing the Chiliz technology has a limited supply of fan tokens available at an initial FTO (fan token offering) price. These tokens are issued on a first-come-first-served basis, with Chiliz disclosing the starting price and total market capitalization before the sale. The native CHZ token is used to acquire fan tokens and serves as the platform’s internal currency. 

Afterward, fans can vote on the Socios platform using their fan tokens, a procedure made possible by smart contracts. The level of influence fans have is determined by the clubs. Decisions might range from the design of new jerseys to the pairing of teams in exhibition games.

Chiliz was a pioneer in the direct involvement of average sports fans in the decision-making process of clubs and organizations. The Chiliz Blockchain Campus is a privately-owned crypto incubator focused on accelerating blockchain technology adoption across Asia and Europe. Even though it will most certainly have 80-100 teams as part of its network by the end of 2021, the firm estimates that it is only at 10% of its full capacity.

Chiliz is available on multiple blockchain platforms, including Ethereum, Binance Smart Chain, and Tron. Fan tokens are minted on its Socios sidechain using a proprietary crowd control mechanism, ensuring that fans vote exclusively in publicly verified polls. The sidechain employs a consensus process based on proof of authority. 

Proof of authority is mostly utilized by private organizations with closed blockchains and only users within its ecosystem participate. It is less decentralized than other consensus mechanisms, but it is also very scalable and safe, making it an excellent candidate for a sidechain. Certik has audited the CHZ token.

Chiliz (CHZ) Current Market Status

According to CoinMarketCap, Chiliz (CHZ) is currently trading at $0.22 at the time of writing with 6,000,387,493 CHZ in circulation. CHZ has a 24-hour trading volume of $$679,670,601.13, and during the previous 24 hours, the price of CHZ has increased by 7.59%.

At the moment, the most popular exchanges to trade Chiliz (CHZ) are Binance, OKX, BingX, ByBit, and MEXC. Let’s continue with our CHZ price research for 2022.

Chiliz (CHZ) Price Analysis 2022

Currently, CHZ ranks 46th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will Chiliz’s most recent improvements, additions, and modifications help its price rise? Let’s focus on the charts in this article’s CHZ price forecast first.

Chiliz (CHZ) Price Analysis – Keltner Channel

CHZ/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
CHZ/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of Keltner Channel. The price of Chiliz (CHZ) can be predicted using the Keltner Channel indications for CHZ/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Even after establishing a new uptrend, it is often smart to wait for a downturn or a better entry point to improve the reward-to-risk ratio.

Chiliz (CHZ) Price Analysis – Relative Strength Index

Z/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
CHZ/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 70.51. A movement above 50 indicates that more traders are buying CHZ rather than selling, and this is driving the price up. 

Chiliz (CHZ) Price Analysis – Moving Average

CHZ/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
CHZ/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Chiliz’s (CHZ’s) 200-day, 100-day, and 50-day Moving Averages (MAs). Looking at the chart above, CHZ is now running sideways. The CHZ 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, the distance between the two moving averages is wide. Since the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term investors. Also, 200-day MA is above the candlesticks meaning that the market is bullish. 

Chiliz (CHZ) Price Prediction 2022

CHZ/USDT 1-Day Chart  (Source: TradingView)
CHZ/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of CHZ/USDT, CHZ price was swinging from $0.0819 to $0.2286 after touching the support level of $0.0950-$0.0681. Bouncing back from the support level, CHZ is now going sideways in the market and is expected to return bullish after breaking out of the current resistance level.

Meanwhile, our long-term CHZ price prediction for 2022 is bullish since it cannot break the support level. We can expect CHZ to reach $0.6000 this year. 

Chiliz (CHZ) Price – Resistance and Support Levels

CHZ/USDT 1-Day Chart (Source: TradingView)
CHZ/USDT 1-Day Chart (Source: TradingView)

This chart above shows that the price of CHZ has decreased in the past few months. Moreover, the price of CHZ is up by 7.96% in the past 24 hours after a slight pump during the week. If this continues, CHZ might keep running bulls, breaking its $0.3092 resistance 1 level, and eventually moving higher to the $0.4.

If CHZ cannot break the $0.3092 resistance 1 level, the bears may seize control and dethrone CHZ to a downtrend stance. In simple terms, the price of CHZ might fall to almost $0.04, indicating a negative signal given by the previous support level.

Chiliz (CHZ) Price Prediction 2023 

Chiliz (CHZ) will hit $0.4520 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $0.3092. The growth will thereafter moderate, but no significant drops are forecast. 

Chiliz (CHZ) Price Prediction 2024 

Chiliz (CHZ) price can rise to incredible heights, peaking at $0.5244. This is only feasible if the market continues its upward path and only if Chiliz breaks through the past psychological resistance levels.

Chiliz (CHZ) Price Prediction 2025

CHZ price might grow to $0.5969 during the next three years. Furthermore, hitting this level may not be so tough for CHZ because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Chiliz (CHZ) Price Prediction 2026

CHZ price might grow to $0.7000 during the next four years. Furthermore, hitting this level may not be so tough for CHZ because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Chiliz (CHZ) Price Prediction 2027

CHZ price might soar to $0.8313 in the next five years. Furthermore, hitting this level may not be so difficult for CHZ as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Chiliz (CHZ) Price Prediction 2028

In the next six years, CHZ price could rise to $1.2107. More so, reaching this level might be easy for CHZ as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, CHZ has a strong chance of reaching the previous ATH.

Chiliz (CHZ) Price Prediction 2029

In the next seven years, CHZ price could rise to $1.8122. More so, reaching this level could not be so difficult for CHZ as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, CHZ has a strong chance of reaching the previous ATH.

Chiliz (CHZ) Price Prediction 2030

In the next eight years, CHZ price could rise to $2.4382. More so, reaching this level could not be so difficult for CHZ as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, CHZ has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $1 if investors have decided that CHZ is a good investment along with mainstream cryptocurrencies.   

FAQ

What is CHZ?

Chiliz is the company that created the Socios platform as well as the CHZ coin. CHZ is an ERC-20 token that runs on the Chiliz blockchain, which is built on Ethereum. The token functions as cash, allowing users to purchase NFTs from Chiliz’ Socios, a fan token marketplace.

How to buy CHZ tokens?

Like other digital assets in the crypto world, CHZ can be traded on many exchanges. Binance, OKX, BingX, Bybit, and MEXC are currently the most popular cryptocurrency exchanges for trading CHZ.

Will CHZ surpass its current ATH?

Since CHZ provides investors with several opportunities to profit from their crypto holdings, CHZ seems to be a really good investment in 2022. However, CHZ has a high possibility of surpassing its current ATH in 2028.

Can CHZ reach $1 soon?

In terms of active crypto assets, CHZ is one of the few that continues to rise in value. As long as this bullish trend continues, CHZ might break through $0.7000 and reach as high as $1. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is CHZ a good investment in 2022?

As one of the fastest-rising cryptocurrencies, CHZ is expected to continue its upward trend. We may also conclude that CHZ is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of CHZ?

The lowest CHZ price is $0.004001, which was attained on September 27, 2019, according to CoinMarketCap.

Which year was CHZ launched?

CHZ was launched in October 2018.

Who are the co-founders of CHZ?

Alexandre Dreyfus founded CHZ.

What is the maximum supply of CHZ?

The maximum supply of CHZ is 8,888,888,888 CHZ.

How do I store CHZ?

CHZ can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the CHZ price in 2023?

CHZ price is expected to reach $0.4520 by 2023.

What will be the CHZ price in 2024?

CHZ price is expected to reach $0.5244 by 2024.

What will be the CHZ price in 2025?

CHZ price is expected to reach $0.5969 by 2025.

What will be the CHZ price in 2026?

CHZ price is expected to reach $0.7000 by 2026.

What will be the CHZ price in 2027?

CHZ price is expected to reach $0.8313 by 2027.

What will be the CHZ price in 2028?

CHZ price is expected to reach $1.2107 by 2028.

What will be the CHZ price in 2029?

CHZ price is expected to reach $1.8122 by 2029.

What will be the CHZ price in 2030?

CHZ price is expected to reach $2.4382 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish Chiliz (CHZ) price prediction ranges from $0.1500 to $0.4000.
  • Analysis suggests that CHZ price might reach $0.6 soon.
  • CHZ’s bearish market price prediction for 2022 is $0.04.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Chiliz (CHZ) is one of them.

Chiliz is the company that created the Socios platform as well as the CHZ coin. CHZ is an ERC-20 token that runs on the Chiliz blockchain, which is built on Ethereum. The token functions as cash, allowing users to purchase NFTs from Chiliz’ Socios, a fan token marketplace.

If you are interested in the future of CHZ and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Chiliz (CHZ)?

Chiliz, created by the eponymous Malta-based FinTech provider, is the leading digital currency for sports and entertainment. It runs on the blockchain-based sports entertainment platform Socios which allows users to participate in the governance of their favorite sports businesses. Chiliz token is a utility token that began on the Ethereum blockchain and is the official cryptocurrency of the Socios.com platform. Fan tokens provide a mechanism for sports clubs and groups to communicate with their fans while also opening new revenue streams. 

The company’s mission is to bridge the gap between active and passive fans. Chiliz has formed collaborations with some of the world’s most prestigious sporting institutions, such as FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. In addition, it has partnerships with the UFC and other gaming organizations. By purchasing CHZ, fans gain access to a variety of fan tokens and can stake in their club.

Every sporting organization utilizing the Chiliz technology has a limited supply of fan tokens available at an initial FTO (fan token offering) price. These tokens are issued on a first-come-first-served basis, with Chiliz disclosing the starting price and total market capitalization before the sale. The native CHZ token is used to acquire fan tokens and serves as the platform’s internal currency. 

Afterward, fans can vote on the Socios platform using their fan tokens, a procedure made possible by smart contracts. The level of influence fans have is determined by the clubs. Decisions might range from the design of new jerseys to the pairing of teams in exhibition games.

Chiliz was a pioneer in the direct involvement of average sports fans in the decision-making process of clubs and organizations. The Chiliz Blockchain Campus is a privately-owned crypto incubator focused on accelerating blockchain technology adoption across Asia and Europe. Even though it will most certainly have 80-100 teams as part of its network by the end of 2021, the firm estimates that it is only at 10% of its full capacity.

Chiliz is available on multiple blockchain platforms, including Ethereum, Binance Smart Chain, and Tron. Fan tokens are minted on its Socios sidechain using a proprietary crowd control mechanism, ensuring that fans vote exclusively in publicly verified polls. The sidechain employs a consensus process based on proof of authority. 

Proof of authority is mostly utilized by private organizations with closed blockchains and only users within its ecosystem participate. It is less decentralized than other consensus mechanisms, but it is also very scalable and safe, making it an excellent candidate for a sidechain. Certik has audited the CHZ token.

Chiliz (CHZ) Current Market Status

According to CoinMarketCap, Chiliz (CHZ) is currently trading at $0.22 at the time of writing with 6,000,387,493 CHZ in circulation. CHZ has a 24-hour trading volume of $$679,670,601.13, and during the previous 24 hours, the price of CHZ has increased by 7.59%.

At the moment, the most popular exchanges to trade Chiliz (CHZ) are Binance, OKX, BingX, ByBit, and MEXC. Let’s continue with our CHZ price research for 2022.

Chiliz (CHZ) Price Analysis 2022

Currently, CHZ ranks 46th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will Chiliz’s most recent improvements, additions, and modifications help its price rise? Let’s focus on the charts in this article’s CHZ price forecast first.

Chiliz (CHZ) Price Analysis – Keltner Channel

CHZ/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
CHZ/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of Keltner Channel. The price of Chiliz (CHZ) can be predicted using the Keltner Channel indications for CHZ/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Even after establishing a new uptrend, it is often smart to wait for a downturn or a better entry point to improve the reward-to-risk ratio.

Chiliz (CHZ) Price Analysis – Relative Strength Index

Z/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
CHZ/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 70.51. A movement above 50 indicates that more traders are buying CHZ rather than selling, and this is driving the price up. 

Chiliz (CHZ) Price Analysis – Moving Average

CHZ/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
CHZ/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Chiliz’s (CHZ’s) 200-day, 100-day, and 50-day Moving Averages (MAs). Looking at the chart above, CHZ is now running sideways. The CHZ 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, the distance between the two moving averages is wide. Since the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term investors. Also, 200-day MA is above the candlesticks meaning that the market is bullish. 

Chiliz (CHZ) Price Prediction 2022

CHZ/USDT 1-Day Chart  (Source: TradingView)
CHZ/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of CHZ/USDT, CHZ price was swinging from $0.0819 to $0.2286 after touching the support level of $0.0950-$0.0681. Bouncing back from the support level, CHZ is now going sideways in the market and is expected to return bullish after breaking out of the current resistance level.

Meanwhile, our long-term CHZ price prediction for 2022 is bullish since it cannot break the support level. We can expect CHZ to reach $0.6000 this year. 

Chiliz (CHZ) Price – Resistance and Support Levels

CHZ/USDT 1-Day Chart (Source: TradingView)
CHZ/USDT 1-Day Chart (Source: TradingView)

This chart above shows that the price of CHZ has decreased in the past few months. Moreover, the price of CHZ is up by 7.96% in the past 24 hours after a slight pump during the week. If this continues, CHZ might keep running bulls, breaking its $0.3092 resistance 1 level, and eventually moving higher to the $0.4.

If CHZ cannot break the $0.3092 resistance 1 level, the bears may seize control and dethrone CHZ to a downtrend stance. In simple terms, the price of CHZ might fall to almost $0.04, indicating a negative signal given by the previous support level.

Chiliz (CHZ) Price Prediction 2023 

Chiliz (CHZ) will hit $0.4520 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $0.3092. The growth will thereafter moderate, but no significant drops are forecast. 

Chiliz (CHZ) Price Prediction 2024 

Chiliz (CHZ) price can rise to incredible heights, peaking at $0.5244. This is only feasible if the market continues its upward path and only if Chiliz breaks through the past psychological resistance levels.

Chiliz (CHZ) Price Prediction 2025

CHZ price might grow to $0.5969 during the next three years. Furthermore, hitting this level may not be so tough for CHZ because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Chiliz (CHZ) Price Prediction 2026

CHZ price might grow to $0.7000 during the next four years. Furthermore, hitting this level may not be so tough for CHZ because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Chiliz (CHZ) Price Prediction 2027

CHZ price might soar to $0.8313 in the next five years. Furthermore, hitting this level may not be so difficult for CHZ as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Chiliz (CHZ) Price Prediction 2028

In the next six years, CHZ price could rise to $1.2107. More so, reaching this level might be easy for CHZ as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, CHZ has a strong chance of reaching the previous ATH.

Chiliz (CHZ) Price Prediction 2029

In the next seven years, CHZ price could rise to $1.8122. More so, reaching this level could not be so difficult for CHZ as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, CHZ has a strong chance of reaching the previous ATH.

Chiliz (CHZ) Price Prediction 2030

In the next eight years, CHZ price could rise to $2.4382. More so, reaching this level could not be so difficult for CHZ as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, CHZ has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $1 if investors have decided that CHZ is a good investment along with mainstream cryptocurrencies.   

FAQ

What is CHZ?

Chiliz is the company that created the Socios platform as well as the CHZ coin. CHZ is an ERC-20 token that runs on the Chiliz blockchain, which is built on Ethereum. The token functions as cash, allowing users to purchase NFTs from Chiliz’ Socios, a fan token marketplace.

How to buy CHZ tokens?

Like other digital assets in the crypto world, CHZ can be traded on many exchanges. Binance, OKX, BingX, Bybit, and MEXC are currently the most popular cryptocurrency exchanges for trading CHZ.

Will CHZ surpass its current ATH?

Since CHZ provides investors with several opportunities to profit from their crypto holdings, CHZ seems to be a really good investment in 2022. However, CHZ has a high possibility of surpassing its current ATH in 2028.

Can CHZ reach $1 soon?

In terms of active crypto assets, CHZ is one of the few that continues to rise in value. As long as this bullish trend continues, CHZ might break through $0.7000 and reach as high as $1. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is CHZ a good investment in 2022?

As one of the fastest-rising cryptocurrencies, CHZ is expected to continue its upward trend. We may also conclude that CHZ is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of CHZ?

The lowest CHZ price is $0.004001, which was attained on September 27, 2019, according to CoinMarketCap.

Which year was CHZ launched?

CHZ was launched in October 2018.

Who are the co-founders of CHZ?

Alexandre Dreyfus founded CHZ.

What is the maximum supply of CHZ?

The maximum supply of CHZ is 8,888,888,888 CHZ.

How do I store CHZ?

CHZ can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the CHZ price in 2023?

CHZ price is expected to reach $0.4520 by 2023.

What will be the CHZ price in 2024?

CHZ price is expected to reach $0.5244 by 2024.

What will be the CHZ price in 2025?

CHZ price is expected to reach $0.5969 by 2025.

What will be the CHZ price in 2026?

CHZ price is expected to reach $0.7000 by 2026.

What will be the CHZ price in 2027?

CHZ price is expected to reach $0.8313 by 2027.

What will be the CHZ price in 2028?

CHZ price is expected to reach $1.2107 by 2028.

What will be the CHZ price in 2029?

CHZ price is expected to reach $1.8122 by 2029.

What will be the CHZ price in 2030?

CHZ price is expected to reach $2.4382 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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