Chiliz (Ticker- CHZ) is a utility token founded in Malta in 2012. It is used in sports and entertainment with the main goal of bringing together fans and their clubs. Being the official token of Socios.com (a fan influence and reward app), Chiliz offers fans more to do than be spectators and allows them to be more actively involved in influencing certain club decisions such as voting. Clubs are still involved in raising issues that need to be addressed, but token owners lead the decision-making process. Chiliz is both an ERC-20 and BEP-2 token; It is finished and also fungible.
Chiliz Forecast
At the time of writing, Chiliz is currently trading at 52 cents per token.
- DigitalCoinPrice believes that the year-end target price for CHZ will be 85 cents. They also put the project’s long-term prices at $1.62 and $2.50 in 2025 and 2028, respectively.
- WalletInvestor shows more bullish forecasts for CHZ. Their 1-year target price is 97 cents and a price target of $3.16 for Chiliz.
- Gov.Capital lists its one-year and five-year forecasts at $1.29 and $5.35, respectively.
fundamentals
Use case
Chiliz is a utility token used on a smart contract platform, Socios.com. Each token is minted on the Chiliz blockchain and the vote also goes through the same blockchain. The token mainly allows a couple of assets that are
- More intimate interactions between club owners and fans and more interactions with fans
- Encrypted voting log: Fans can participate in fan-driven decisions based on the number of fan tokens they own. The more tokens a fan has, the more they vote and the more they rate upwards until they reach VIP status.
Tokens can also be traded
and traded at different prices, so in addition to buying fan tokens; you can also exchange Chiliz for a profit.
Tokenomics
Chiliz price today is $0.52. has a circulating supply of 5.5 billion CHZ and a total supply of about 8.9 billion CHZ. Chiliz has a market cap of $2.9 billion. The highest price of the coin was on March 13, 2021, at $0.89, while the coin hit a low of $0.007415. The coin is ranked #51 on CoinMarketCap.
team
The Chiliz team is one of 100 people from over 25 countries around the world. The main among them are
Alexandre Dreyfus – CHIEF EXECUTIVE
Emma Diskin – COO
Max Rabinovitch – CHIEF STRATEGY OFFICER
The coin’s online accounts have received many positive responses in response to their growing uptake and presence. April was a fantastic month for the company, and while it didn’t reflect much on the price of the coins, it’s good news for long-term owners and those who want to join the bandwagon. Their credibility is consolidated thanks to partnerships with important football clubs such as Barcelona, Juventus and AC Milan. And the prospects of going to other sports in the future make much more sense. They are constantly growing, and their new hires seem to resonate well with investors and long-term owners.
community
Chiliz (ticker- $CHZ) although relatively new, is taking the crypto community by storm. Their mission to shift fans from being passive supporters to being more active is generally accepted, and can be seen in the volume. Socios.com isn’t the only fan engagement platform as traditional media is evolving to meet the needs of sports fans. The integration of the blockchain token (chiliz) and the prospects of making money while supporting teams make Socios.com unique. Fan tokens like PSG’s have increased 5-fold since its inception. Holders of the fan token decided on the starting players of a team for a friendly match and went on to record a landslide victory. The votes of token holders also organize a UFC meeting. New investors cling to the certainty that Chiliz and socios.com’s growth will, in turn, result in the growth of their investments, and since they are a major player in sports and blockchain, this may be possible. If the current price is low compared to partnerships and improvements, what will be a fair price for Chiliz when sports like cricket and tennis join the mix? This is the thought of most investors and one that causes many people to stay in the token for a long time.
Digital currency price
In a Q&A format, DigitalCoinPrice analyzes what they believe Chiliz’s price will be at certain times.
Q – How much will Chiliz ($CHZ) cost after a year?
A – about $0.97706134
Q – How much will Chiliz ($CHZ) cost after two years?
A – about $1.24 USD
Q – How much will Chiliz ($CHZ) cost after three years?
A – approx. $1.51
Q – How much will Chiliz ($CHZ) cost after four years?
A – approx. $1.39
Q – How much will Chiliz ($CHZ) cost after five years?
A – about $1.82 USD
Q – How much will Chiliz ($CHZ) earn after six years?
A – about $ 1.9
Q – How much will Chiliz ($CHZ) earn after seven years?
A – about $2.5 USD
Chiliz Price Prediction – summary
All our analysts expect an upward movement on Chiliz despite the current consolidation. We believe few things will make it a reality, and key among them include major announcements of involvement in other sports and very solid customer service.
Where and how to buy CHZ
Just as easy as making an Amazon order, getting a $CHZ and Fan Tokens can be easily accomplished in just a few steps.
– You must have had a Chiliz wallet (since it is an ERC-20 token, you can get one on Trustwallet).
– Tap “Wallet” and then click “Top-up”.
– Enter the amount of $CHZ you want to buy
– Then, tap on ‘Proceed to Checkout.’
– Click on the payment option you prefer to use.
– Click on ‘Buy Now.’
– Enter your card details
– Tap ‘Pay Now’
Once the payment is complete, a receipt will be generated and sent to your mail. And Chiliz would be added to your wallet.
conclusion
The world is still waking up to the possibilities of blockchain technology, and while there are many tokens that are not worthy in the long run, Chiliz is viable in the long term. The project is solid, the prospects are endless and, who knows, Chiliz could pull a bitcoin-Esque move on investors. The current price is low compared to the prospects with this project, and investing now could be a good choice before extending their tentacles to other sports.