The world of digital assets is witnessing applauding acceptance all over the world. The crypto industry has changed dramatically with growing acceptance by companies and financial institutions. Meanwhile, the DeFi industry also boomed in 2020, and the success continues to grow. People and investors all over the world have only accepted the world of cryptocurrencies and blockchain but now they have also started to look at it as a good alternative to stock investments. In fact, Bitcoin is now referred to as digital gold.
After Bitcoin and the DeFi industry boomed, the NFT class assets have also started to grow immensely. While many would be unaware of what they are, this increased knowledge appears to be beneficial to this asset class. And as the popularity of NFT increases, NFT tokens have also started to gain the attention of investors.
Chiliz is the second-largest NFT token today after Theta. It holds a global market cap of $3 billion and the coin is trading at $0.564 at the time of writing.
Chiliz token graph looks quite positive, and hence investments are also pouring over the token. According to Messari data, the Chiliz token’s year-to-date price increase places it as the top performer among all cryptocurrencies with an impressive market capitalization, in a league of the meme token Dogecoin (DOGE) and the decentralized exchange PancakeSwap’s CAKE token.
Therefore, if you are thinking of investing in the token, this article will help you with Chiliz long-term price prediction. This article will provide you with a summary of the Chiliz price forecast for 2021 and beyond (up to Chiliz price prediction 2025). The aim is to help you decide whether it’s worthwhile to invest in Chiliz.
What Is Chiliz?
Chiliz (abbreviated CHZ) is a digital currency used in the field of sports and entertainment channels. It is a utility token on the Ethereum blockchain that is used as the Socios.com platform’s official cryptocurrency.
The makers of Chiliz wanted to put the parties closer together because of the current passive relationship between clubs and their fan bases in the world of sports. Chiliz was founded in 2012 in Malta. Chiliz’s mission is to provide millions of sports and esports fans with a coin that they can use to purchase direct voting rights in their favorite teams. As a result, fans stop being passive observers and become active members of a sports team.
Fans can gain voting rights and the opportunity to engage in decisions and guidance for teams, leagues, game names, and events by purchasing Chiliz tokens and exchange them on Chiliz-powered sites like Socios.com. It’s a modular and adaptable approach that can be used across sports and esports ecosystems.
To obtain Fan Tokens, fans must first buy $CHZ on a cryptocurrency exchange. These tokens are a limited digital asset that provides access to an encrypted ledger of voting and membership rights ownership. They are exclusive to a team or club.
What Is CHZ Crypto?
The Chiliz network’s native currency is CHZ, which is a cryptocurrency. The first and only blockchain-enabled network to give all decentralized-based gaming and sports applications access to inter-blockchain liquidity. Thus, unlocks new liquidity and capital to fuel a new value wave in the open financial movement to prevent cash-backed gambling.
How Does Chiliz Work?
Chiliz is favored by several teams, and the website Socios.com allows you to spend money to help your favorite team and influence those decisions and other items.
The project raised $66 million from private investors rather than holding a public ICO. Binance, OK Blockchain Capital, and Ceyuan Ventures, among Asia’s largest cryptocurrency exchanges and funds, have invested in the project.
The website has features that have a great user experience, such as identifying your PC, no matter how long you leave your account inactive, always recognize you when you return, saving all the incentives you’ve unlocked, and saving your preferences. You’d be wondering where the startup information is saved on your PC, specifically in your browser. Funds have ensured the security and the legality of Chiliz and the Socios.com platform’s activity in the EU and other related global markets, which have all been audited on time.
Every club’s CHZ fan tokens are a finite digital asset that grants voting rights. The survey topics are chosen by the clubs themselves, but the possibilities are infinite! You could make decisions on everything from club architecture to who wins the “best player of the game” award, as well as the locations of summer friendlies and much more.
The higher a fan’s rating within the platform, the more advantages he or she would be able to obtain as a follower.
Chiliz (CHZ) Technical Analysis
Recap: CHZ Price in 2020 and Earlier
Chiliz was launched in July 2019 with a price of $0.18 per CHZ coin. Until August, the price was $0.005. However, after listing on the Binance exchange, the price doubled to $0.011 on September 6, 2019. Later, on November 5, 2019, when the project’s first phase of minting was finished, the rate rises again.
The year 2020 was much of an advancement for the CHZ token if we talk about the global market cap. However, there was still some time for the crypto space to understand the full potential of the token and for it to get popular and accepted in the mainstream market as a noteworthy NFT token. The price of the token was $0.006 and went on to become $0.021. Therefore, if we look at the overall price increase in the token, one could have guessed that the token has been kept in store for the upcoming year. The token had a market cap of $25 million that went on to become $124 million.
Factors Affecting Price of CHZ
Chiliz has a lot of benefits and advantages that led to the token boom. The first is financial integrity and credibility. The project is backed by a well-known corporation that operates within the EU banking sector under strict regulatory oversight. As a result, all company accounts have been checked and made public. In the unregulated ICO sector, such openness and confidence are critical.
The Proof-of-Authority (PoA) consensus method, which is less computationally intensive than the Proof-of-Work consuming process, drives the private Chiliz network. In addition, the PoA consensus reduces transaction lag.
Chiliz Price Prediction 2021
Chiliz would undoubtedly show signs of fortune for its investors if it exceeded all limits over the next year. The price may easily hit its next resistance of $0.75 by the end of the year, backed by a strong smart contract structure. It is the month of May, and the token has already shown some significant growth already. It is the 2nd largest NFT token today.
CHZ also has a daily trading volume of over $1.76 billion on average. The crypto trades at exchanges such as Binance, Huobi Global, OKEx, HBTC, Xtheta Global, and others for interested crypto traders. Meanwhile, the CHZ’s relative strength index (RSI) has already reached overbought territory. As a result, traders must be cautious because CHZ, as seen in this Chiliz price prediction, could trigger a price reversal at any time.
Chiliz Price Prediction 2022
Given that the cryptocurrency market is not expected to experience any unexpected jolts or a rocky road ahead, the CHZ price is poised to maintain its strong position as a big draw among its investor group. The path ahead is full of petals if investor optimism continues to rise, resulting in a significant increase in the Chiliz price, pushing it past the $1 scaling mark. Moreover, the token has already got the attention of the crypto space, hence investments are going to be targeted in that direction. Not to forget, that the NFT market is also flourishing.
Chiliz Price Prediction for the Next 5 Years
CHZ has built a smooth and dependable network and is focused on improving the product’s user experience. These features have the potential to help the CHZ coin reach a far higher price of $1.2. If the demand for practical crypto persists into 2023, the price may also experience a paradigm shift with the best forecast.
There are a lot of predictions for CHZ in the future. There are expectations that the price of Chiliz will hit $1.5 by 2024, particularly in light of the technological announcements and entry into booming sectors of development the company has planned.
In the long run, the price of Chiliz is expected to catch up with other cryptocurrencies, reaching a high of $1.48-$1.76 within a few days of entering 2025. The CHZ price is also expected to see a surge in optimism, owing to its strong success over the years.
Chiliz Price Prediction by Market
Chiliz is poised to make a significant impact on the cryptocurrency community, thanks to a well-thought-out roadmap and vision. Moreover, Chiliz can defy all odds to remain a famous cryptocurrency on exchanges. To make a long-term profit, investors are strongly advised to conduct due diligence before purchasing or selling cryptocurrencies such as Bitcoin (BTC), XRP, Ethereum (ETH), or Chiliz (CHZ).
As this NFT token continues to gain popularity, many chart analysts and websites have made predictions about the token. And to the glory of the crypto market and the investors, most of these analyses are positive. Here are some for you to know.
Digital Coin Price
According to them, Chiliz is a profitable investment. In one year, the price of Chiliz could rise to $0.02662894, nearly doubling the current Chiliz price. The price of the Chiliz token will not increase significantly in 2022, and it will cost about $0.02471179. The price of one coin in 2023 may be $0.03042674. The CHZ price will hit $0.04138915 in 2024. The price will decrease to $0.03566541 in 2025.
Their system measured the regular values of the cryptocurrency for the past six months to calculate the return that can be earned from the Chiliz investment in 2020. Since the character of cryptocurrencies is wavy, there is a strong chance that CHZ will return to near-all-time highs in the future.
According to the site, Chiliz price is showing signs of a correction on the 6-hour chart after rallying nearly 30% since April 28, at the time of writing. CHZ looks to break out of this consolidation and head higher after rebounding from the support level at $0.519. Chiliz price would most likely be pushed toward the supply barrier, which runs from $0.594 to $0.645.
Wallet Investor says, if you’re looking for a profitable virtual currency to invest in, CHZ might be a good option. On 2021-05-04, the price of Chiliz was 0.497 USD. If you purchase Chiliz today for $100, you will receive a total of 201.287 CHZ. The price prognosis for 2026-05-02 is $3.685, based on our estimates of a long-term rise. The revenue is estimated to be around +641.45% after a 5-year investment. In 2026, your present $100 investment will be worth $741.45.
For several months, Chiliz has become one of the most popular crypto ventures in the sports world. The project has carved out a niche for itself by focusing on numerous soccer clubs and taking advantage of the group and network influence. Chiliz’s most significant breakthrough is expected to happen this year: blockchain-based soccer trading cards. Chiliz hopes to capitalize on the new NFTs craze by bringing the fans’ collecting craze into the digital era.
Therefore, with the chart going green and predictions that are mostly in favor of the token, one can and safely say that Chiliz is a good investment opportunity for years to come.