invezz.com
Chiliz CHZ/USD is an Ethereum token that powers Socios.com.
It is primarily developed as a digital currency that can be used in the world of sports and entertainment platforms.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
Its goal is to give millions of sports and esports fans a coin to buy direct voting power in their favorite clubs.
The shortlisting for two awards as a catalyst for growth
On September 15, Chiliz announced a partnership with FTX to list FAN Tokens.
On November 10, Chiliz (CHZ), the blockchain fintech provider for sports and entertainment, announced to its Twitter followers that it was shortlisted for two awards.
These awards are the ‘Mass adoption project of the year’ and ‘Tokenization project of the year.’
Additionally, Chiliz developed the Socios.com sports fan engagement platform on its blockchain infrastructure, where it uses CHZ as its exclusive on-platform currency.
This has the potential to truly bring both Chiliz and Socios.com in the eyes of a lot of new users, and the shortlisting is a testament to just how unique of a project it is and how much value it brings to sports fans.
The potential for price growth of the CHZ token will increase as a result of this.
Should you buy Chiliz (CHZ)?
On November 12, Chiliz (CHZ) had a value of $0.499.
To get a better perspective on what kind of value point this is for the token, we will compare it to its all-time high value and its performance in October.
Chiliz (CHZ) had its all-time high value on March 13, when the token reached a value of $0.878.
Here we can see that at its all-time high value, when compared to its value on November 12, the token was $0.379 higher in value, or by 75%.
When it comes to CHZ’s performance in October, on October 1, it was worth just $0.258.
Its highest point was on October 31, when the token reached a value of $0.551.
This showcases that the token’s value has increased by $0.293 or by 113%.
According to data from IntoTheBlock, Chiliz (CHZ) saw $675.77 million in transactions greater than $100,000 in the last seven days.
Additionally, within the past seven days, CHZ saw $159.69 million in total exchange inflows as well as $114.08 million in total exchange outflows.
With this in mind, CHZ has the potential to reach $0.7 by the end of November, making it a solid purchase.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
- Skilling, simple, easy to use and regulated. Register here >