Chiliz helped entertainment and sport companies with Blockchain-backed tools that allowed them to monetize.
Subscribers get voting rights and tickets through the subscription. The Chiliz token and blockchain technology allow fans direct access to the soccer teams they desire.
Fans can access their Fan Tokens by using the CHZ token. Chiliz’s native digital currency is called the CHZ token. These tokens can be purchased through the platform socios.com. Socios, a Crowd Management Platform that powers the Chiliz Experience is known as “Socios”.
Fans used to be able to access their favourite soccer teams by purchasing merchandise or watching matches. The Chiliz experience allows sports enthusiasts to connect in real time with their preferred teams. Additionally, fans now significantly influence their favorite clubs’ decision-making process.
Chiliz has seen an increase in trading volume
Chiliz is one the largest digital currencies on the crypto market. It is not surprising considering current market trends.
Recent increases in transactions between whales and Sentiments are evident. This growth is comparable to the March 29th, when Chiliz reached its highest price of $0.3008. However, that’s not the current price of the token. This increase is expected to continue longer than anticipated, according to the tracker on-chain.
🌶️🐳 #Chilizand has found its way to the top 40 #cryptoMarket cap of assets and an increase in price by +150% over the previous 4 weeks. Whale transactions reached the highest net amount in network since March 29th. The Whales may be profit-taking, but the $CHZThe rally may continue. https://t.co/94WHoTk9XE pic.twitter.com/3xz7FgSlMU
— Santiment (@santimentfeed) August 24, 2022
Whalestats has reported a rise in trading volume for Chiliz, despite the fact that the crypto market is still in the red zone. Chiliz has been able to secure a spot among the top 10 most traded digital currencies within the last 24 hour. Reports indicate that the event brought in huge profits to major whales.
Chiliz digital token has experienced a significant increase in value, which is especially evident. Since last month, CHZ has increased by more than 150%. CHZ currently trades for $0.240. It has been able to earn a position amongst the top 40 crypto currencies.
The Chiliz token’s market cap is now at $1.45 Billion. According to MarketWatch, the token’s trading volume has surged by 23% in the last 24 hours, bringing it to $9,047 million
Since three days ago, Chiliz’s price has risen to 25%. The token’s price was previously hovering just below the $0.25 mark.
But according to Bitpanda pro data, the whales’ efforts have led the cryptocurrency past that mark. The appreciation of CHZ has led to fan tokens rising since June 18.
Featured Image from Pixabay. Chart by TradingView.com