Chiliz was originally the creator of fan tokens. Now, the platform has launched its blockchain. By doing this, the platform is on its first step toward building a web3 internet infrastructure for sports and entertainment.
Chiliz is powered by its native token CHZ, which is Ethereum-compatible. Apart from this, CHZ serves as the currency of Socios.com, a blockchain-based fan-engagement platform.
In this article, I will explain the Chiliz platform and its native cryptocurrency CHZ. I have explained the key features of the platform, the economics of its token, its past performance, and future price forecasts in separate sections.
Toward the end of the article, you can find out how and where you can buy CHZ. Let’s get started without any further ado.
Chiliz (CHZ) Key Features
Here are the major features of the Chiliz platform.
| Fan tokens | The Chiliz platform allows sports fans tokens of their favorite teams and clubs. These tokens offer voting rights on team decisions and access to exclusive content. |
| Socios platform | On Socios, sports organizations can make their fan tokens which the fans can buy. |
| Chiliz chain | Chiliz has an in-house EVM-compatible blockchain which is gaining popularity on web3 sports enthusiasts. |
Chiliz (CHZ) Tokenomics
There are a total of 8,888,888,888 CHZ tokens and it is also the maximum supply of the token. The circulating supply is 8,888,290,307 CHZ.
Chiliz (CHZ) Past Performance
Chiliz token started its life in 2019 for $0.017. The token continued on similar prices, until it skyrocketed in early 2021, when it hit an all-time high of $0.66. A gradual correction followed this until the numbers started to ascend in late 2023.
At the time of writing, Chiliz is trading at $0.1499, which is 3.45% up from yesterday’s numbers.
The token’s market cap is $1.3 billion. At $118 million, the 24-hour trading volume is also 82.90% up.
Chiliz (CHZ) Price Prediction
Technical indicators suggest that the current market sentiment is bullish and the fear & greed index is recording a 75, signaling greed. The Chiliz token has recorded 18 (60%) green days in the past month with a low 6.75% price volatility. Based on the Chiliz forecast, it’s now a good time to buy Chiliz.
2024: Based on the technical charts of the last few years, the price of CHZ is predicted to go up by 164.66% and hit $0.4048 by the end of April.
2025: Going into 2025, CHZ price is expected to fall between $0.1529 and $0.5396. If we compare this with today’s price, Chiliz’s gains could go as high as 264.28% by 2025.
2030: Fast forward to 2030, the Chiliz price is expected to fall between $0.1401 on the lower end and $0.5321 on the high end. In comparison, Chiliz’s gains will be up to 259.21%.
Where to Buy Chiliz (CHZ)?
You can buy the Chiliz token from the following centralized crypto exchanges.
How to Buy Chiliz (CHZ)?
Follow the below steps to buy CHZ from Bybit. The procedure on other exchanges is pretty much the same.
- First, go to the Bybit website and sign up for a free account. Give you details and complete the KYC.
- To buy the Chiliz token, you need to first buy a stablecoin like Tether (USDT). You may use your credit card for this.
- Now, go to the Bybit spot trading section and search USDT/CHZ.
- Choose ‘limit order’ and hit ‘buy’ followed by ‘confirm’. Your tokens should appear on your Bybit wallet.
Conclusion
Chiliz is a blockchain platform that concentrates on the niche field of sports and entertainment. The idea of fan tokens has proven to be a useful tool for sports organizations and a direct way for fans to get close to their favorite teams.
After a long bear run, the platform’s utility token, CHZ, is finally showing signs of recovery and our analysts are bullish about it.
As always, crypto markets are susceptible to extreme price fluctuations and prevailing market conditions can destroy assets that otherwise have solid fundamentals. The reader is advised to exercise extreme caution before putting their money into such assets.
