Chiliz Is Now a Billion-Dollar Asset!
The Nonfugible tokens or NFT’s have become the hottest topic in the crypto space after DeFi’s. Recently one of the popular NFT, Enjin Coin rallied like a giant and still maintains a bullish trend. One such NFT which is showcasing a solid uptrend is Chiliz as the Chiliz price rose magnificently more than 107%.
Chiliz coin is a blockchain platform intended to offer voting powers to the Socios fan engagement platform. CHZ is basically a sports fan engagement that let the fans influence their teams through the voting process.
The CEO of Chiliz, Alexander Dreyfus took on Twitter to announce the milestone of the $1B market cap and also indicated many more developments in the coming days.
The token rallied over 200% in the past week and continue to rally in the present trading days with more than 100%.In a recent update, the CHZ token is the first token to be traded on the leading Korean exchange UpBit above bitcoin.
Chiliz(CHZ) Price Analysis
Popular NFT token, CHZ price remained passive until the end of Feb 2021. However, the price jumped massively as the CEO in the first week of March 2020 announced the allocation of $50 million to expand the business in the United States.
Since then, the price rose like a monster by nearly 449% to smash the current levels around $0.27.
Currently, the Chiliz price has smashed the target set at $0.28 and hence the next target would be somewhere near $0.42. With a similar bullish momentum, the price may attain the highest ever levels very soon.
- The resistance levels initially are formed at $0.3, however, the target set is above $0.42
- The support levels stand close to $0.1
- The technical indicators for Chiliz price point out towards a ‘buy’ signal