Chiliz Price Prediction, will CHZ’s price hit $0.19?
Chiliz’s price at the same time last week was $0.076. It has moved by 7.79 % in the past week and is currently at $0.077. Infact, in the past 24 hours, CHZ has pumped by 1.11 %. There is a slight bullish sentiment in the crypto market. The long term sentiment, however, remains bullish and CHZ could hit $0.19 in 2024.
The total circulating supply of Chiliz as of writing this article was $6975647158.46 and the marketcap of CHZ remains at $542,102,926
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
About Chiliz
Chiliz (CHZ): An overview
Source: Chiliz.com
Built on the Ethereum blockchain, Chiliz (CHZ) is a cryptocurrency that allows sports and entertainment fans to monetize their activities via tokenization. With an aim to be the leading fintech provider for sports and entertainment, Chiliz powers the world’s first blockchain-based fan engagement and rewards platform: Socios.com.
Chiliz plays a vital role in the operation of Socios, enabling fans to buy non-fungible tokens (NFTs) provided by their favorite celebrities, athletes, and influencers. CHZ is the native token of the Socios app, which is the only currency accepted on the platform.
Chiliz’s journey
Source: Chiliz/Medium
Chiliz was founded in 2018 by Alexandre Dreyfus, who leads the team as its CEO. He was born in France and has been an entrepreneur since 1995, with more than 10 years of experience in sports betting and online poker before selling his company in 2012. Dreyfus pursued numerous projects and investments until he co-founded Chiliz.
The project is a subsidiary of the Malta-based sport and entertainment organization Mediarex Group, which was formed in 2006. Chiliz’s inception was tied to the vision that the future of sports monetization would be based on the change of “passive” fans to “active” fans.
In 2018, the token successfully raised $66 million and was then listed on major crypto exchanges such as Binance and KuCoin. A major chunk of that sum was used to create Socios, which was later launched in 2019. This garnered much attention, with big sports clubs joining the platform. Paris-Saint Germain, Atlético de Madrid, Galatasaray, A.S. Roma, and FC Barcelona were among Chiliz’s early partners, and many more have followed since.
Here’s a look at how it all started:
- In January 2019, the pre-launch took place, with Chiliz tokens being generated and distributed and the Socios.com platform moving past development milestones.
- In April 2019, the Socios.com platform was opened for a soft launch to the public, and Chiliz became readily available for trading on exchanges.
- In January 2020, diversification took place, with Socios.com moving to expand its Fan Token economy and rewards-based offerings into new sports verticals such as cricket.
Other key developments
Source: Chiliz/Medium
Chiliz has achieved a lot within the past few years. Here’s a look into some of Chiliz’s important developments:
- In October 2021, the NBA team, the Los Angeles Lakers, announced an official sponsorship deal with Socios.com.
- In March 2022, football superstar Lionel Messi joined Socios.com as a global brand ambassador.
- In August 2022, Chiliz announced that Socios.com had acquired a 24.5% stake in Spanish football club FC Barcelona’s digital content creation and distribution hub, Barca Studios, for $100 million.
- In September 2022, Socios.com announced that it would be the Official Partner of the 2022 Ballon d’Or Awards
- In September 2022, Chiliz announced that $CHZ would soon be available on the Japanese cryptocurrency exchange DMM Bitcoin
- In September 2022, Socios.com announced its partnership with Immortals to launch an Immortals Fan Token
- In September 2022, Socios.com made an announcement of being the Fan Rewards partner of the Chris Eubank Jr. vs. Conor Benn fight
- In November 2022, Chiliz introduced a layer-1 blockchain network called Chiliz Chain 2.0, which goes beyond the popular fan token platform Socios.com.
- In December 2022, Chiliz announced the launch of its new B2B technology service, GameUsed.com
- In March 2023, Chiliz announced the launch of its $50 million incubator and accelerator program, Chiliz Labs.
- In March 2023, the project was granted a license by the Bank of Spain to operate as a virtual asset provider.
- In August 2023, Crypto Blockchain Industries (CBI) integrated the Chiliz Chain into Football at AlphaVerse (FAV), its 3D virtual world dedicated to football.
- In October 2023, Binance completed Chiliz 2.0 mainnet integration.
- In November 2023, Chiliz introduced its new SportFi ecosystem with 25+ projects.
CHZ Price Analysis
Throughout the period from November 2022 to November 2023, the CHZ token demonstrated significant bearish tendencies. Initially, CHZ experienced a sharp decline from a high of $0.197, marking the onset of a sustained downtrend.
This initial drop was pivotal, transforming the former support level of $0.197 into a robust resistance barrier. The inability to breach this resistance level indicated a strong bearish control over the token's price movement.
CHZ weekly chart
By December 2022, CHZ found a temporary footing at the $0.100 support level. This phase witnessed attempts by the bulls to reverse the trend, culminating in a peak at $0.143 in January 2023.
However, the momentum was insufficient to sustain a breakout, and the resistance at $0.143 proved formidable. The subsequent months saw the token's value erode further, with June marking a notable downturn as prices slid below the $0.100 support.
The downtrend continued until mid-August, when a new lower support level was established at $0.056. This level played a crucial role in preventing further declines. Notably, from mid-October, an upward trajectory emerged, potentially influenced by Binance’s support for Chiliz 2.0, aiming to test the resistance at $0.082. The trading price at the time of writing was $0.081, indicating a tentative recovery.
The trading volume showed a marked decline following the initial rejection and remained low for a considerable duration. A minor recovery in volume was observed from October, suggesting a renewed interest in the token, albeit not robust enough to indicate a strong bullish sentiment.
The Awesome Oscillator underwent a bearish crossover in December 2022 and maintained a position below the zero line, signaling sustained bearish momentum. This consistent below-zero reading of the AO indicated a lack of significant bullish momentum throughout the year. As the analysis concluded, it stood at -0.01258.
The Chaikin Money Flow (CMF) fell below the zero line in November 2022, aligning with the overall bearish trend. Brief crossovers above the zero line occurred in May, June, and July, suggesting temporary bullish attempts.
However, these were not strong enough to establish a lasting positive momentum. A significant change was observed in mid-October when the CMF finally crossed above the zero line, reaching 0.29. This shift could indicate an emerging bullish sentiment, albeit in the early stages.
Should you consider buying CHZ?
Based on the analysis of the aforementioned indicators, CHZ has been under significant bearish pressure for the majority of the observed period. The recent upward movement and improvements in indicators such as CMF suggest a potential shift in market sentiment.
For traders considering an entry, targeting a buying range between $0.05 to $0.06 might be prudent. This range aligns with the established support levels and offers a favorable risk-reward ratio, especially if the token sustains its nascent bullish momentum. However, it's crucial for traders to monitor upcoming market developments and perform ongoing analysis to adjust their strategies accordingly.
Chiliz Price Prediction
Chiliz has had an eventful 2021. To simplify the latest CHZ price prediction, we have divided up the prediction by short term Chiliz price prediction and long term Chiliz price prediction. As of writing this article, CHZ had a trading volume of 77,180,713. Chiliz has gone up by 8.05% in the past 30 days.
According to our analysis in the short term, Chiliz price prediction for February 2024 shows the average price of CHZ at 0.16 and the highest possible price for February 2024 would be $0.17.
Further, according to our analysis in the long term, Chiliz price prediction for June 2024 shows the average price of CHZ at 0.17 and the highest possible price for June 2024 would be $0.18.
Chiliz's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 5 December 2023 | $0.076 | $0.07 | $0.081 |
| 6 December 2023 | $0.076 | $0.071 | $0.082 |
| 7 December 2023 | $0.078 | $0.072 | $0.083 |
| 8 December 2023 | $0.079 | $0.074 | $0.085 |
| 13 December 2023 | $0.087 | $0.08 | $0.093 |
| 18 December 2023 | $0.095 | $0.088 | $0.1 |
| 28 December 2023 | $0.11 | $0.1 | $0.12 |
Chiliz price prediction 5 December 2023: Chiliz's price for 5 December 2023 according to our analysis should range between $0.07 to $0.081 and the average price of CHZ should be around $0.076.
Chiliz price prediction 6 December 2023: Chiliz's price for 6 December 2023 according to our analysis should range between $0.071 to $0.082 and the average price of CHZ should be around $0.076.
Chiliz price prediction 7 December 2023: Chiliz's price for 7 December 2023 according to our analysis should range between $0.072 to $0.083 and the average price of CHZ should be around $0.078.
Chiliz price prediction 8 December 2023: Chiliz's price for 8 December 2023 according to our analysis should range between $0.074 to $0.085 and the average price of CHZ should be around $0.079.
Chiliz price prediction 13 December 2023: Chiliz's price for 13 December 2023 according to our analysis should range between $0.08 to $0.093 and the average price of CHZ should be around $0.087.
Chiliz price prediction 18 December 2023: Chiliz's price for 18 December 2023 according to our analysis should range between $0.088 to $0.1 and the average price of CHZ should be around $0.095.
Chiliz price prediction 28 December 2023: Chiliz's price for 28 December 2023 according to our analysis should range between $0.1 to $0.12 and the average price of CHZ should be around $0.11.
Chiliz's Long Term Price Prediction
Chiliz’s long term Price Prediction below is a look at CHZ’s future prospect with regards to price. Chiliz was last seen at $0.077, with a market cap of $542,102,926 and trading volumes of $77,180,713. CHZ’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2024 | $0.15 | $0.12 | $0.19 |
| 2025 | $0.2 | $0.16 | $0.24 |
| 2026 | $0.25 | $0.2 | $0.3 |
| 2027 | $0.31 | $0.25 | $0.38 |
| 2028 | $0.4 | $0.32 | $0.48 |
| 2029 | $0.5 | $0.4 | $0.6 |
| 2030 | $0.63 | $0.51 | $0.76 |
| 2031 | $0.8 | $0.64 | $0.96 |
| 2032 | $1.01 | $0.81 | $1.22 |
| 2033 | $1.28 | $1.02 | $1.53 |
Chiliz price prediction 2024: Chiliz's price for 2024 according to our analysis should range between $0.12 to $0.19 and the average price of CHZ should be around $0.15.
Chiliz price prediction 2025: Chiliz's price for 2025 according to our analysis should range between $0.16 to $0.24 and the average price of CHZ should be around $0.2.
Chiliz price prediction 2026: Chiliz's price for 2026 according to our analysis should range between $0.2 to $0.3 and the average price of CHZ should be around $0.25.
Chiliz price prediction 2027: Chiliz's price for 2027 according to our analysis should range between $0.25 to $0.38 and the average price of CHZ should be around $0.31.
Chiliz price prediction 2028: Chiliz's price for 2028 according to our analysis should range between $0.32 to $0.48 and the average price of CHZ should be around $0.4.
Chiliz price prediction 2029: Chiliz's price for 2029 according to our analysis should range between $0.4 to $0.6 and the average price of CHZ should be around $0.5.
Chiliz price prediction 2030: Chiliz's price for 2030 according to our analysis should range between $0.51 to $0.76 and the average price of CHZ should be around $0.63.
Chiliz price prediction 2031: Chiliz's price for 2031 according to our analysis should range between $0.64 to $0.96 and the average price of CHZ should be around $0.8.
Chiliz price prediction 2032: Chiliz's price for 2032 according to our analysis should range between $0.81 to $1.22 and the average price of CHZ should be around $1.01.
Chiliz price prediction 2033: Chiliz's price for 2033 according to our analysis should range between $1.02 to $1.53 and the average price of CHZ should be around $1.28.
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FAQs about Chiliz
Chiliz’s current price is $0.077 and witnessed a 1.11% increase in the past 24 hours. CHZ/BTC pair saw a -4.44% decrease in the past 24 hours
Investing in Chiliz, CHZ will purely depend on your personal risk appetite. As you can see over the past 24 hours Chiliz’s price has witnessed a 1.11% increase and over the past 30 days Chiliz has increase by 8.05%. So it all depends on if this investment will hit your trading goals.
According to our latest Chiliz Price prediction for 2023, CHZ should vary between $0.19 and $0.13. Please keep in mind that the crypto market is very volatile and this Chiliz price prediction does not account for extreme wild swings in price.
As per the Chiliz price prediction 2023 model above, CHZ’s price for December 2023 should range between $0.13 to $0.19 with the average price for December being $0.16
According to the Chiliz Price Prediction model above, CHZ’s price in 2024 would be $0.15. This price would however would range from $0.19 and $0.12.
According to the Chiliz Price Prediction model above, CHZ’s price in 2025 would be $0.2. This price would however would range from $0.24 and $0.16.
According to the Chiliz Price Prediction model above, CHZ’s price in 2026 would be $0.25. This price would however would range from $0.3 and $0.2.
According to the Chiliz Price Prediction model above, CHZ’s price in 2027 would be $0.31. This price would however would range from $0.38 and $0.25.
According to the Chiliz Price Prediction model above, CHZ’s price in 2028 would be $0.4. This price would however would range from $0.48 and $0.32.
According to the Chiliz Price Prediction model above, CHZ’s price in 2029 would be $0.5. This price would however would range from $0.6 and $0.4.
According to the Chiliz Price Prediction model above, CHZ’s price in 2030 would be $0.63. This price would however would range from $0.76 and $0.51.
According to the Chiliz Price Prediction model above, CHZ’s price in 2031 would be $0.8. This price would however would range from $0.96 and $0.64.
According to the Chiliz Price Prediction model above, CHZ’s price in 2032 would be $1.01. This price would however would range from $1.22 and $0.81.
According to the Chiliz Price Prediction model above, CHZ’s price in 2033 would be $1.28. This price would however would range from $1.53 and $1.02.
The highest price for Chiliz was recorded in 13 March 2021 during which CHZ hit an All Time High of $0.87
The price of 1 Chiliz according to current market rate is $0.077
