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CHZ Price Prediction - Technical Analysis

source-logo  altcoinbuzz.io 20 July 2021 15:40, UTC

Chiliz (CHZ) is the leading digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com. 

Fans can purchase & trade branded Fan Tokens as well as having the ability to participate, influence, and vote in club-focused surveys & polls. The company’s vision is to bridge the gap between the active and passive fan. It provides millions of sports fanatics a Fan Token which acts as a tokenized share of influence. This has led to an increase in CHZ price.

Fan Tokens

As the exclusive on-platform currency, fans use CHZ to purchase these branded Fan Tokens. This gives users influential decision-making power by allowing them to vote on polls published on Socios app. Ownership also gives fans access to exclusive rewards & incredible experiences. There will be gamification, social interaction and leaderboard features with more additions launching through 2021 and beyond.

Socios.com

Socios.com provides sports & entertainment organizations with a branded Fan Token and fan engagement platform to help them engage & monetize their global audiences more effectively. Currently 25 major sports/esports organizations, including the likes of FC Barcelona, Juventus, AC Milan, OG, Paris Saint-Germain, Manchester City and Professional Fighters League have all launched Fan Tokens on the platform. Many more leading sports and entertainment properties from around the world are set to launch Fan Tokens.

Let us review CHZ price

CHZ Price Prediction

CHZ is currently trading at the support of $0.2033. If this support breaks, we could see a drop towards $0.1631 and $0.1001. If it can stay above this support, we could start seeing a move towards $0.2728, $0.3257, $0.3787, $0.4541 $0.5501 and $0.8276.

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