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Chiliz Price Prediction World Cup 2022

At the time of writing during World Cup 2022, the Chiliz price has been attracted a high 24 trading volume upwards of $500 million, and its price action has been volatile – spiking up and down by double digit percentages within days and currently trading around the $0.15 – $0.20 range.

Chiliz (CHZ) has a circulating supply of 6.14 billion CHZ and a max supply of 8.89 billion.

chiliz price prediction

In the past, Chiliz had been a currency that fluctuated in price very often, and it was quite difficult for investors to speculate as an asset they could trade with. These fluctuations have led many people to believe that there is something wrong with the market. In fact, this is among the main reasons why many people are hesitant when investing in cryptocurrencies. However, there are some factors which can explain why Chiliz has been fluctuating so much lately.

However, these fluctuations have not deterred investors from acquiring tokens. The reason for this is that Chiliz has seen a great rise in popularity recently. The platform has shown the ability to create some of the best crypto projects available today, and many players are excited about what they can expect from it in the future.

In order to get a good idea of what exactly is going on with these fluctuations and how they affect the value of such currencies, here are some things you should know:

What is Chiliz Crypto?

Chiliz

Chiliz is a platform that uses blockchain technology to give the ultimate fan experience for sports and entertainment. They aim to provide fans with a new way to engage with sports teams and help sports enterprises monetise through tokens that let fans hold a stake in their team.

The Chiliz (CHZ) token is an ERC-20 utility token on the Ethereum blockchain that serves as the digital currency for ChiliZ and Socios.com – a sports fan engagement platform where fans can buy branded non-fungible tokens to show their support for their favourite athletes, teams, and entertainers. Chiliz also has several other projects, such as Fantokenstats.com, FanTokenRank.com, and Socios Journal.

What Is Chiliz Token Used For?

Chiliz operates on a side chain of the Ethereum network, and this side chain is the basis of Socios.com. It hosts any team, league, game title, or other organisation that connects with the platform. Each organisation’s crowd-voting procedures operate as a semi-autonomous entity on this blockchain.

Chiliz allows sports fans to enjoy a one-of-a-kind experience with their favourite teams. Fans may purchase branded fan tokens for their favourite teams using the CHZ token, the platform’s native cryptocurrency.

The fan tokens on Socios.com that are for sale are more than just collectables. NFTs come as team-branded tokens that provide fans with interactive experiences with their teams and control over team decisions. The fans may purchase and trade fan tokens and have the power to participate, influence, and vote in club-focused surveys & polls. Chiliz aspires to develop a blockchain ecosystem geared toward sports and entertainment. Fans who have obtained tokens may express themselves by casting votes in polls organised by teams that have partnered up with Socios.

Chiliz

For example, the football club Juventus FC allowed token holders to choose the celebration song that would play over loudspeakers after the team scored a goal. Juventus celebrated goals with a song called Chelsea Dagger for eight years. Now, the Juventus fan token holders chose ‘Song 2’ by the band Blur as a replacement, and so the team moving forward will play that song.

Additionally, Chiliz is not just about paying for tournaments; it can also be used as an investment tool for players who wish to use their skills to build up a portfolio of cryptocurrencies. In addition, there are also opportunities for individuals who do not wish to play games but simply want an alternative way of making money by investing in cryptocurrencies such as Chiliz Crypto Coin (CHZ).

Chiliz Crypto Project Background

Chiliz was created by a group of developers based in the UK who wanted to create a cryptocurrency that would be easy to use and accessible to everyone. The creators of Chiliz are also responsible for other projects including the CasinoCoin cryptocurrency, which sees more than 100 million dollars in deposits each month.

Founded in 2018 by Alexandre Dreyfus, Chiliz was conceptualised based on the fact that fans had little to no connection or collaboration with their preferred teams or players in the present sports and esports scene. Chiliz was built on the urge that exists to ‘activate’ followers as influencers. Through this, Chiliz aims to establish a platform where fans receive a direct vote in their favourite sports organisations, can network with like-minded fans, and help finance new sports and esports businesses.

It was launched privately with an initial supply set at 8,888,888,888 CHZ tokens while being backed by investors such as Binance Labs, CeYuan Ventures, Jump Capital, Kosmos Capital, and many more. In the second quarter of 2018, Chiliz raised $66 million through private placement. After that CHZ became listed on many crypto exchanges.

Most of the initial investment fund that Chiliz earned from its private sale was directed towards constructing a fan interaction and incentives app, Socios.com, which launched at the end of December 2019. As the only on-platform currency, fans may use CHZ to acquire branded ‘fan tokens’, digital assets that give them important decision-making power by allowing them to vote on Chiliz’s partners’ posts inside the blockchain-based Socios app. Ownership also allows fans access to special prizes, engagement, gamification, social interaction, leaderboard features, etc.

Chiliz Price History

Chiliz (CHZ) is a cryptocurrency used by the Socios.com project to create a platform for voting, rewards and fan engagement. It’s the world’s first sports and entertainment cryptocurrency that allows fans to vote on their favourite stars and teams, as well as win prizes in-game. Fans can also earn rewards by signing up for partnerships with brands like Nike or EA Sports.

Using blockchain technology, Socios provides an innovative way for clubs and celebrities to connect directly with their fans in a transparent manner. The platform offers premium content such as exclusive interviews, live streams or behind-the-scenes footage through its mobile app. Fans can also buy products from their favourite clubs or athletes using this virtual currency. 

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Chiliz Price Action in 2018

Chil

The project was founded in 2018 at a price of US$ 0.0125. Three months after its launch, Chiliz’s (CHZ) price mostly declined to hit a low of US$ 0.0038.

Then, in early November, the price experienced a reversal and rose to the figure of US$ 0.02. This was largely due to Juventus, a soccer club from Italy, who became the first professional sports club to produce fan tokens, holding a fan token offering and giving their fans voting rights on. team decisions. This was followed by Paris Saint-Germain joining the circle.

This decision marked a major milestone for the blockchain industry and sports tokenization in general. It hugely impacted the company, as they could now offer all users access to the platform without having to pay any transaction fees or commissions while they play games using CHZ tokens.

Chiliz became the world’s first sports and entertainment cryptocurrency. It aims to be the central hub for fans who want to engage with their favourite teams, players, and brands in a more meaningful way through a secure digital currency that can be used within any of our partner platforms.

But unfortunately, the uptrend did not last long as CHZ’s price dropped and closed 2019 with a value of US$ 0.0071.

Chiliz Price Movement in 2020

In 2020, CHZ experienced a bullish trend, precisely in the first half of February with a value of US$ 0.02. But within just a short period of time, the CHZ value fell again to its lowest level of US$ 0.0039. 

Chz

However, CHZ regained its value at US$ 0.01 in May. This was largely due to the announcement that Chiliz will be accepted by the UFC as a means of purchasing their official merchandise. Socios.com also launched an app which will allow fans to vote on other things like fight rules and fighter weight classes when they go up against each other at events like Fight Nights or World Series of Fighting (WSOF). 

In addition to this, a slew of other companies has begun accepting cryptocurrency as payment including Amazon, Microsoft and Steam. Then, the price of Chiliz (CHZ) rose again in August and reached US$ 0.0226. 

The idea behind these partnerships was to expand Chiliz’s reach beyond just football clubs but also include other verticals related to sports, entertainment and lifestyle sectors such as music festivals and travel destinations. This move has been successful so far as we have seen an increase in demand from new customers who are interested in purchasing Chiliz Gold (CZG).

CHZ

The successful implementation of such a system is evident by the fact that UFC’s owner, WME-IMG, launched its own cryptocurrency—the FanChain—to reward fans and athletes alike. With Chiliz being the world’s first sports and entertainment cryptocurrency, it makes sense that this brand would be at the forefront of this revolution.

In addition to launching its own native wallet where you can store your CHZ tokens as well as other cryptocurrencies like Bitcoin or Ethereum, Chiliz also started offering an exchange platform where you can trade various currencies on a peer-to-peer basis while earning CHZ coins in return for being an active user on their platform; much like how miners mine Bitcoin by solving complex mathematical equations through their computers.

Towards the end of the year, CHZ once again found a bullish moment that made the price stay at the level of $ 0.03. Unlike the previous year, Chiliz (CHZ) ended 2020 at$ 0.0214.

Chiliz Price Movement in 2021-2022

2021 saw a rise in the popularity of NFTs (Non-Fungible Tokens). At the beginning of March 2021, CHZ price skyrocketed and reached an All-Time High (ATH) of US$ 0.8915. This was largely due to the preview release of NFTs for Barcelona, AC Milan, Paris Saint-Germain, and the new partnership with the Indian Premiere League team Kolkata Knight Riders. 

Despite a brief decline in the middle of the year, CHZ’s price jumped again to $0.4495 on 6 September after its 2 major partnerships. One with the basketball major leagues, the Chicago Bulls, and the other with La Liga, before falling back to a low of US$ 0.2437 on 28 September. From there on, the price increased again, before finally reaching US$ 0.5935 on 13 November.

Chilliz

But after November, the token price started to decrease and closed the year at US$ 0.1751 on 27 January 2022.

On 10 February 2022, the token briefly made a recovery rising to a daily high of US$ 0.2455. This was due to the announcement of the FIFA token. But soon after, the price then dropped to a low of US$ 0.1956 on 14 February 2022. 

Despite rising to a high of US$ 0.23 on 17 February 2022 coinciding with the partnership with UEFA Champions League, again CHZ price fell back to an intraday low of$ 0.1499 on 24 February 2022. This decline was followed by a gain on 1 March 2022. The price reached US$ 0.1953.

CHZ traded sideways into the second half of March and then started to rise, surging from the low of US$ 0.2041 on 23 March to a daily high of US$  0.3287 on 30 March 2022. This rise can be accredited to the monumental partnerships with Cleveland Browns, Washington Commanders, Pittsburgh Steelers, Los Angeles Chargers, Miami Dolphins, Baltimore Ravens, Atlanta Falcons, Philadelphia Eagles, New York Giants, Tampa Bay Buccaneers, San Francisco 49ers, Chicago Bears, and Los Angeles Rams. This means that you can use your Chiliz tokens to buy food and drinks at Levi’s Stadium during games.

Since then, the price has declined in April, sliding to its low of US$ 0.2223 on 13 April 2022 and US$ 0.169 on 1 May and has been around the same mark ever since then.

Current Chiliz Market Cap

Chiliz is a digital currency that is designed to purchase fan tokens on the Socios.com market. its entire purpose is to engage professional sports teams and leagues to bring them into a digital environment where they can offer their fans different, exclusives and rewards. In some cases, these teams and leagues offer voting rights to fan token holders on different issues, and having more fan tokens allows you more votes. 

Because this kind of digital currency and focus is a new direction for digital assets. Not all countries allow people to purchase Chiliz directly on the Socios.com network, notably, the United States. 

Fan tokens are finite digital assets that provide access to an encrypted ledger of voting and membership rights and ownership. These fan tokens are unique to each team or club, and a fan can have fan tokens for multiple teams or clubs if they desire. Owners of fan tokens can participate in decisions that the team opens up to voting through a mobile voting app. The fan tokens also serve as the owner’s ticket to virtual gatherings for voting purposes, each fan token is equal to one vote. 

So token holders can vote one time for each token they have. In addition, the more tokens a user holds unlocks access to benefits as they move up through different tiers. The Socios.com website is where professional sporting teams and clubs can issue their fan tokens and is the only place where Chiliz cryptocurrency can be used to purchase them. The Chiliz Team has developed an entirely new outlet for professional sports teams and leagues to engage with their fans around the world, and they offer their cryptocurrency on other digital exchanges to help Garner interest and purchase of their cryptocurrency, to build up the Socios.com website and fan tokens. 

Socios

Chiliz’s partners include Socios.com (a partnership with global football brand Juventus), as well as Tecnologia Conectar Sports, which recently signed an agreement with UFC to bring its tokens into MMA events around the world including in North America and Latin America.

The popularity of Chiliz has seen a great rise as well, and this can be attributed to the fact that there are now several applications available on mobile phones that allow users to access their accounts. As such, it is easy for a user who owns a mobile phone with an internet connection to buy or sell cryptocurrencies at any time they want. This means that more people have been able to get into the game than before; since this type of transaction did not exist before then there was no way for people to participate in cryptocurrency trading unless they had PCs or laptops that were connected online 24/7.

The availability of apps also makes it easier for people to buy or sell their cryptocurrency with their cell phones. The app interface is simple and convenient, which means that you can use it whenever you want to buy or sell your tokens. Many people prefer using the app to going through their website because of its convenience and ease of use.

However, with more information about the cryptocurrency being released by its creators, there has been a surge in interest from investors who are eager to make use of it.

As such, the value of Chiliz has risen over time as well. This is because demand for this cryptocurrency has increased as its popularity grows and more people want to own or use it. Additionally, there are more applications that make it easier to buy or sell Chiliz. With these developments happening within the community at large, it’s possible that you may have missed out on this opportunity if you’re just now hearing about Chiliz or cryptocurrency altogether.

Chiliz Price Forecast – Why Is It Rising

The FIFA ‘22 is the most anticipated sports event this year and it brings a spew of charm towards the crypto world. You may be surprised to know that soccer is the most popular sport in the world, with an estimated number of 3.5 billion fans around the globe. It has a huge global market with many sports betting platforms available for people to play on.

Qatar prohibits its citizens and tourists from gambling. However, the average citizen and tourist can still participate in sports betting through cryptocurrency due to its anonymity. This means that people can get involved in betting through Chiliz without actually breaking the laws of the land. 

Additionally, Chiliz has created sports betting exchange that lets soccer fans vote on team matters using Chiliz Tokens (CHZ). This means that all people interested in betting on the happenings of the FIFA tournament can do so directly on the CHiliz platform itself while being anonymous at the same time.

Chillz

What’s more, there is also a fantasy league powered by CHZ. Chiliz has a blockchain-based sports betting and fantasy platform that allows users to play the traditional sports of FIFA, basketball, hockey, and League of Legends. It’s also among the most popular ways to play fantasy sports in Qatar. The site offers over 40 different leagues for users to join and compete against each other. You can create your own team or join an existing one by paying entry fees (which go toward cash prizes). 

In recent news, FIFA announced that Crypto.com will be the official sponsor of the FIFA World Cup 2022. And Chiliz is among the most popular cryptocurrencies in the region. This coupled with the fact that Chiliz is ranked at #1 sportsbetting coin on Crypto.com could help drive up the price of Chiliz as more people become aware of it and its potential. While Chiliz may be the best option for investors to park their funds in, the World Cup will also bring several other earning opportunities with it. This includes gambling, which we recommend users to only do on reputed crypto sports betting sites.

Crypto.com has shown and demonstrated its commitment to supporting all the top-tier teams and major leagues, major events and iconic venues from across the world. There is no platform bigger, or with a wider reach and of cultural importance and impact, than FIFA’s global soccer platform.

Crypto.com enjoys high-profile partnerships with numerous top-tier sports and entertainment properties worldwide, including motorsport, MMA, basketball, ice hockey, as well as football. Most recently, Crypto.com secured the naming rights of the historic Crypto.com Arena in Los Angeles and also became the official cryptocurrency exchange and trading platform for the men’s and women’s professional football leagues in Australia.

Is Chiliz a Good Investment

The upward trend of sports blockchain adoption seems unstoppable. Chiliz has a bright future. It is a rapidly growing company that provides a great investment opportunity for those who are interested in the cryptocurrency industry. The cryptocurrency market is on a continuous rise and its value has risen by over 1400% since its inception. This means that more people are willing to invest in it as an asset because they know that their investments will be profitable in the long run. 

Chiliz will continue to make progress with its platform by introducing new features and expanding into new markets around the globe which will lead to more investors joining up with this project as well as higher prices for their tokens which may result in even greater profits from investing now rather than later when prices might be higher again too.

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The project has already partnered with various organizations and clubs, including Inter Milan, Borussia Dortmund, and Paris Saint-Germain. As a result of these partnerships, Chiliz’s CHZ token has seen a significant increase in value; its price has climbed by over 400% from this time last year.

Fans can also buy digital art and collectables as NFTs on Socios.com. Not only can you use NFTs to represent sports and players, but also any other form of collectable. As of now, there are over 2,500 different kinds of NFTs on the platform — each one representing something that comes from a different game or genre. You’ll find everything from Overwatch characters to Cowboy Bebop characters.

The World Cup fever combined with the recent partnerships can easily shoot up the price of Chiliz. However, it would be better to invest in this crypto after knowing all the forces that are working with it, and against it. 

Users can get a good idea of how much value a certain currency holds at any given time by taking into account any and all news released concerning that currency in question. Users should read the news as soon as they can, and make sure to understand what it says before making their purchase or sale. When reading the news, don’t just look for information about Chiliz; look for any sort of financial news that might have an impact on your investment.

See our full guide on how to buy Chiliz tokens.

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Conclusion

Chiliz is certainly worth taking a closer look at. With its many partnerships and innovations, the company has shown that it can compete with the best in esports. It’s already made significant progress since its launch in 2017, and there are plenty of opportunities for growth in the coming years.

While the current price chart is giving us all kinds of good vibes about Chiliz, let us not forget what Chiliz is: a platform that is into Sportsbetting and NFTs. The CHZ token is used as a payment method at the Chiliz store and it also grants access to bet on the platform. Users can purchase digital collectables, digital art and even digital products with their CHZ tokens. But since it is a volatile industry, keeping updated about recent developments becomes vital.

While reading the news is important, it’s also essential that you interpret it correctly. If there are no major fluctuations in price after an event occurs, there may be another factor contributing to this phenomenon than just what’s affecting Chiliz itself (i.e., if something happened with another cryptocurrency). Also, keep in mind that not everything reported will be accurate—there may be some exaggeration involved or else they’ll report something incorrectly.

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FAQs

What drives the price of Chilliz

The price of Chilliz is usually driven by sports events, or major developments in clubs or associations that the project is affiliated with.

Is Chilliz a good investment?

Chilliz is an excellent investment. As the gap between fans and their favourite teams start growing, a project like Chilliz could grow in value even further.

When will Chilliz's price go up?

Chilliz's price may go up in value as the bull market is back again. It may however, have short term growth frequently since several sporting events may be scheduled to happen in the upcoming months.