Chiliz (CHZ) is a blockchain technology company that aims to tokenize the sports and entertainment space. <\/p>\n
CHZ displaying enormous traction and uptick despite a bearish market
\nChiliz partners with giant sports organizations and teams
\nCHZ price spikes by 6.21% as of press time<\/p>\n
Chiliz has ramped up on major developments and partnerships with giant sports organizations and teams all over the world.<\/p>\n
According to CoinMarketCap<\/a>, CHZ\u2019s price has soared by 6.21% or trading at $0.2161 as of this writing.<\/p>\n CHZ Collaborates With Sports Clubs<\/p>\n CHZ has shown a massive price spike last month following Chiliz\u2019s partnership with FC Barcelona, a well-famed Spanish football club. <\/p>\n The token was seen to climb by 73% on August 18, showcasing a four-month high. This recent price spike anchored the token to outperform major cryptos like Bitcoin and Ethereum.<\/p>\n Basically, Chiliz is an open platform that allows a variety of sports organizations to mint limited tradeable fan tokens that provide their fans exclusive membership benefits and perks, access to NFTs, voting rights, and merchandise rewards.<\/p>\n Chiliz has expanded its network with football clubs and organizations including FC Barcelona, Paris-Saint Germain, Manchester City, and Atl\u00e9tico de Madrid.<\/p>\n Sports teams partner up with Chiliz for brand awareness and marketing plus also provide fans with modern and immersive experiences. <\/p>\n CHZ Joining The Ranks Of Top Performing Crypto<\/p>\n Chiliz is currently the 47th largest crypto in terms of market cap at $1,293 billion as of this writing.<\/p>\n CHZ has currently joined the bandwagon of the top-performing cryptos over the weekend. So far, the coin was able to spike by 9.2% in the past 24 hours. <\/p>\n This might be a minimal spike compared to the performance of other coins but at this point, the performance of CHZ is extraordinary considering the bearish market.<\/p>\n CHZ recently announced on September 15 their plans to roll out a new fan token which has encouraged more investors to buy and trade the coin.<\/p>\n Technical factors also contributed to CHZ\u2019s uptrend. The crypto has been extremely bearish as it experienced a correction dropping from $0.24 to hitting a weekly low of $0.164.<\/p>\n The RSI of CHZ is shooting above 50 implying a strong buying pressure. The performance of Chiliz the past week is comparably lower in comparison to the previous key support zone retested a week earlier.<\/p>\n\n CHZ total market cap at $1.4 billion on the daily chart | Source: TradingView.com<\/a><\/p>\n Featured image from DailyCoin, Chart: TradingView.com<\/a><\/p>\n (The analysis represents the author’s personal views and should not be construed as investment advice).<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Chiliz (CHZ) is a blockchain technology company that aims to tokenize the sports and entertainment space. <\/p>\n CHZ displaying enormous traction and uptick despite a bearish market Chiliz has ramped up on major developments and partnerships with giant sports organizations and teams all over the world.<\/p>\n According to CoinMarketCap<\/a>, CHZ\u2019s price has soared by 6.21% or trading at $0.2161 as of this writing.<\/p>\n CHZ Collaborates With Sports Clubs<\/p>\n CHZ has shown a massive price spike last month following Chiliz\u2019s partnership with FC Barcelona, a well-famed Spanish football club. <\/p>\n The token was seen to climb by 73% on August 18, showcasing a four-month high. This recent price spike anchored the token to outperform major cryptos like Bitcoin and Ethereum.<\/p>\n Basically, Chiliz is an open platform that allows a variety of sports organizations to mint limited tradeable fan tokens that provide their fans exclusive membership benefits and perks, access to NFTs, voting rights, and merchandise rewards.<\/p>\n Chiliz has expanded its network with football clubs and organizations including FC Barcelona, Paris-Saint Germain, Manchester City, and Atl\u00e9tico de Madrid.<\/p>\n Sports teams partner up with Chiliz for brand awareness and marketing plus also provide fans with modern and immersive experiences. <\/p>\n CHZ Joining The Ranks Of Top Performing Crypto<\/p>\n Chiliz is currently the 47th largest crypto in terms of market cap at $1,293 billion as of this writing.<\/p>\n CHZ has currently joined the bandwagon of the top-performing cryptos over the weekend. So far, the coin was able to spike by 9.2% in the past 24 hours. <\/p>\n This might be a minimal spike compared to the performance of other coins but at this point, the performance of CHZ is extraordinary considering the bearish market.<\/p>\n CHZ recently announced on September 15 their plans to roll out a new fan token which has encouraged more investors to buy and trade the coin.<\/p>\n Technical factors also contributed to CHZ\u2019s uptrend. The crypto has been extremely bearish as it experienced a correction dropping from $0.24 to hitting a weekly low of $0.164.<\/p>\n The RSI of CHZ is shooting above 50 implying a strong buying pressure. The performance of Chiliz the past week is comparably lower in comparison to the previous key support zone retested a week earlier.<\/p>\n CHZ total market cap at $1.4 billion on the daily chart | Source: TradingView.com<\/a><\/p>\n
\nChiliz partners with giant sports organizations and teams
\nCHZ price spikes by 6.21% as of press time<\/p>\n