Chiliz (CHZ) Price Prediction 2024-2030: Will CHZ Price Hit $0.5 Soon?

• Bullish Chiliz (CHZ) price prediction ranges from $0.15 to $0.5.
• Analysis suggests that the CHZ price might reach above $0.25.
• The CHZ bearish market price prediction for 2024 is $0.040.

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 2024, 2025, and 2030, keep reading!

Chiliz (CHZ) Real Time Market Status

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

The maximum supply of Chiliz (CHZ) is 8,888,888,888 CHZ while its circulating supply is 8,888,292,417 CHZ, according to CoinMarketCap. At the time of writing, CHZ is trading at $0.1046 representing a 24-hour increase of 10%. The trading volume of CHZ in the past 24 hours is $357,070,967 which represents a 185%% increase.

Some top cryptocurrency exchanges for trading Chiliz (CHZ) are Binance, Huobi, Coinbase and many other exchanges.

Now that you know CHZ and its current market status, we shall discuss the price analysis of  Chiliz (CHZ) for 2024.

Chiliz (CHZ) Price Analysis 2024

Will the CHZ’s blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect CHZ’s sentiment over time? Read more to find out about CHZ’s 2024 price analysis.

Chiliz (CHZ) Moving Average Convergence and Divergence (MACD) 

The Moving Average Convergence and Divergence indicators use two exponential moving averages (ema)  to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value. 

The above chart shows two instances of the MACD in the positive region (green rectangle) and the in the negative area (red rectangle). When the shorter EMA crosses the longer EMA from below, then it means that CHZ is gaining value in the short term. And when the shorter EMA falls below the longer EMA, it means that CHZ is losing value. 

Currently, the MACD for CHZ reads a value of 0.00297 and it is in the positive region. Another crossover seems to have happened. The 12-day EMA has crossed above the 26-day EMA from below. This means that CHZ is gaining value. At press time CHZ is trading high above the 12-day EMA and there is a high chance that CHZ could reach out for support from the 12-day EMA. 

The MACD heat map has turned green depicting that the market is bullish. Since MACD has just entered the positive region, this would be an excellent entry point for buyers to go on a long position. 

Chiliz (CHZ) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

The above chart shows green highlighted rectangles which show the bands widening and contracting. The high volatility could be caused due to either high buying volumes or selling volumes. As such the supply-demand equilibrium will be dismantled and the CHZ could either fall or gain value as per the situation. 

In markets that consolidate, the buyers and sellers cancel out each other, and neither of them has the upper hand in the market. Hence, the vertical movement of the price will be restricted and the market will move sideways. 

The Bollinger Band trend indicator has turned green. This means that CHZ is on an uptrend. CHZ has gone above the upper Bollinger band and there is a high chance of a retracement as the traders go short and take profits. However, there is also the possibility that CHZ could reside in the overbought zone for extended time periods. 

Meanwhile, the Bollinger band width percentile reads a value of 96% and the line seems to be heading in the upward direction. This also supports the thesis of CHZ being in the overbought zone. 

Chiliz (CHZ) Price Analysis – Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued. 

When looking at the chart above it can be seen that the RSI reads a value of 69 and it is almost at the verge of entering the overbought zone. If CHZ keeps on acquiring more value, then the RSI will crossover to the overbought region. 

Additionally, there could be spotted a divergence in the above chart. When CHZ was making higher highs, the RSI was making lower highs. This shows a bearish divergence. Despite CHZ showing a bearish divergence, CHZ is accumulating value. 

Connors RSI also shows a value of 69 and it is heading towards the overbought zone. Unlike the RSI which considers the gains and losses over a specified period, the Connors RSI comprise of three parameters. The RSI, RSI Up/Down length and the Rate of Change (ROC). Thus, this indicators gives better insight of the market. Since the Connors RSI is also in the overbought region, there is a high chance that the market could correct the prices and CHZ could retrace. 

The RSI trendline breakouts show the different trends with reference to the highs and lows of the RSI. This indicator shows that the RSI has just entered the overbought region and there is a high chance that it could move further deep into the overbought region before it retraces. The above stated assumptions is based on the past observation. 

Chiliz (CHZ) Price Prediction 2024-2030 Overview

Chiliz (CHZ) Price Prediction 2024

When looking at the chart above, it could be seen that CHZ has been descending as shown by the predictive channels indicator. It is curenlty at the support level 1 and it might test the thick red line at $0.115. And with more traders entering the market, there is a high chance that it could reach the average predictive range at around $0.16. These above stated are sub mile stones that could be reached in the short time period. But in the long run CHZ may hit $0.24 resistance level. However, if CHZ is overwhelmed by the bears, then, it may reach the support 3 level at $0.039.

Chiliz (CHZ) Price Prediction – Resistance and Support Levels

The above chart shows how CHZ has been making lower highs since 2021 April. During its descend the support level at around $0.2 was a great help for Chiliz as it provided some relief to its crashing prices. CHZ was even able to gain some momentum after touching this zone. Currently, as CHZ is at the lower support level, the buyers may be eyeing on this and entering the market. 

When more and more buyers enter the market, the demand for CHZ would increase and the price will eventually increase. And, CHZ might have a hard time breaking the resistance level at $0.3. 

Chiliz (CHZ) Price Prediction 2025

CHZ  may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, CHZ will continue to rise in 2025 forming new resistance levels. It is expected that CHZ would trade beyond the $0.6550 level.

Chiliz (CHZ) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, CHZ could tumble into its support regions. During this period of price correction, CHZ could lose momentum and be way below its 2025 price. As such, it could be trading at $0.3220 by 2026. 

Chiliz (CHZ) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in CHZ. As such, we could expect CHZ to trade at around $0.45 by the end of 2027. 

Chiliz (CHZ) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, CHZ  may reciprocate its past behavior during the BTC halving. Hence, CHZ would be trading at $0.6 after experiencing a considerable surge by the end of 2028. 

Chiliz (CHZ) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, CHZ could be trading at $1.52 by the end of 2029.

Chiliz (CHZ) Price Prediction 2030

After witnessing a bullish run in the market, CHZ and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, CHZ could be trading at $0.8750.

Chiliz (CHZ) Price Prediction 2040

The long-term forecast for CHZ  indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then CHZ  could fall in value. It is expected that the average price of CHZ could reach $1.75 by 2040.

Chiliz (CHZ) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such CHZ could reach $3.5. 

Conclusion 

If investors continue showing their interest in CHZ and add these tokens to their portfolio, it could continue to rise. CHZ’s bullish price prediction shows that it could reach the $0.25 level. 

FAQ

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.

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