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Chiliz Price Prediction 2021-2025: $1.76 By the End of 2025

Second-largest NFT token Chiliz Price Prediction says that the price of the token can reach as high as $1.76 by the end of 2025.

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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 Chart

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.

CoinToBuy

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.

FXStreet

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

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.

Conclusion

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. 

READ  Bitcoin Derivatives See Massive Institutional Volume: Can This Shift BTC’s Price?

#Chiliz #Chiliz Price Prediction

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Source: https://www.cryptoknowmics.com/news/chiliz-price-prediction-2021-2025-1-76-by-the-end-of-2025

Blockchain

SOL Attempts to Find Support After Breakdown

Solana (SOL) has been increasing since bouncing on May 19. 

The post SOL Attempts to Find Support After Breakdown appeared first on BeInCrypto.

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Solana (SOL) has been increasing since bouncing on May 19. 

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However, it has broken down from the trendline of its upward movement and is showing several bearish signs.

Ongoing SOL bounce

SOL has been increasing since bouncing on May 19. The upward movement continued until a high of $44.2 was reached on June 7. The high coincided with the 0.618 Fib retracement resistance level (black).

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While the token has been decreasing since, it has managed to hold on above the $36 support level, This area previously acted as resistance on May 26.

Despite being above support, technical indicators are gradually turning bearish. The RSI is in the process of crossing below 50 and the MACD is almost negative.

SOL daily movement
Chart By TradingView

Current breakdown

Cryptocurrency trader @Altcoinsherpa outlined a SOL chart, stating that until the token moves outside the current range, the direction of the trend cannot be determined.

SOL Range
Source: Twitter

The resistance area of the range is the same as the previously outlined $36 resistance area. On the other hand, the closest support is the 0.5 Fib retracement (white) support level at $31.5.

There are several bearish signs in place. First, the upward movement looks like an A-B-C corrective structure, since it is a three wave instead of a five wave structure. Second, SOL has broken down from an ascending support line and validated it as resistance afterwards.

Finally, technical indicators are bearish, similarly to those in the daily time-frame.

Therefore, a decrease towards the $3.50 support area and potential breakdown are likely.

SOL Support Breakdown
Chart By TradingView

SOL/BTC

The SOL/BTC chart has some similarities to its USD counterpart. It has broken down from an ascending support line and is trading just above the horizontal support level of 92,000 satoshis.

In addition, technical indicators are bearish. This is especially evident by the imminent bearish cross in the Stochastic oscillator (red icon).

Therefore, a drop to this area and potential breakdown could transpire.

SOL/BTC Movement
Chart By TradingView

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo.
In 2019, he decided to focus full-time on cryptocurrencies and trading.

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Source: https://beincrypto.com/sol-attempts-to-find-support-after-breakdown/

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DGB Technical Analysis: Support Levels of $0.0489, $0.0468, and $0.0441 Will be Tested

DGB price has tested and fallen below the 23.6% FIB retracement level of $0.0503. It may soon fall below the FIB retracement level of $0.488. Thereafter, we have to wait and watch if the price retests and breaks out of these levels.

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DigiByte is an open-source blockchain creation platform. It was started in 2014 on the nodes of bitcoin. It was originally built to improve security, capacity, and transaction speed than blockchain. Also, DGB uses five separate algorithms to maintain privacy and prevent miners from getting too much power. The following DBG technical analysis will predict the price trends for the next few days:

Past Performance

On June 12, 2021, DGB opened at $0.06. On June 18, 2021, DGB closed at $0.05. Thus, in the past week, the DGB price has decreased by approximately 16.28%. In the last 24 hours, DGB has traded between $0.483 – $0.548.

https://d229noksprj98s.cloudfront.net/wp-content/uploads/2021/06/dgb-technical-analysis-support-levels-of-0-0489-0-0468-and-0-0441-will-be-tested.png

https://www.tradingview.com/x/p61sR6IE/

Day-Ahead And Tomorrow

Currently, DGB is trading at $0.0491. The price has decreased from the day’s opening price of $0.054. Thus, it seems like bears have taken control of the market.

READ  US SEC Accuses Ripple of Violating Investor-Protection Laws

The MACD and signal lines are in the negative zone. Moreover, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bearish. Hence, the DGB price may decline further.

Currently, the RSI indicator is at 34%. It faced rejection at 52.84% and has fallen straight to this level. Thus, it indicates that the selling pressure is high in the market. We have to wait and watch if buying pressures become strong enough to bring about a bearish trend reversal.

The OBV indicator is downward sloping. Thus, selling volumes are higher than buying volumes. High selling activity will exert downward pressure on the DGB price.

In short, when we look at all three oscillators, we can say that the price may continue to fall. However, we cannot rule out the possibility of a trend reversal.

READ  Circle Coordinates With the U.S. Government, Airtm to Aid Healthcare Workers

DGB Technical Analysis

Currently, the price is below the second Fibonacci pivot point of $0.0503. If the bears remain strong till day end, then the price is likely to fall below the first, second, and third support levels of $0.0489, $0.0468, and $0.0441, respectively.

The price has tested and fallen below the 23.6% FIB retracement level of $0.0503. It may soon fall below the FIB retracement level of $0.488. Thereafter, we have to wait and watch if the price retests and breaks out of these levels.

#DGB #DigiByte

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Is Cardano Price Poised For 500% Rally? ADA Price to Hit $10 By 2021 End

ada price jump (1)

The post Is Cardano Price Poised For 500% Rally? ADA Price to Hit $10 By 2021 End appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Cardano Price Massive Rally Ahead! Bitcoin fell on Friday, surprising investors who had anticipated a rebound. As Bitcoin prices began to fall, Ethereum also followed suit. Cardano price has been falling in tandem with the flagship crypto, and it is on the verge of more declines. ADA began the day with a mixed performance. It …

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Cardano Price Massive Rally Ahead!

Bitcoin fell on Friday, surprising investors who had anticipated a rebound. As Bitcoin prices began to fall, Ethereum also followed suit. Cardano price has been falling in tandem with the flagship crypto, and it is on the verge of more declines.

ADA began the day with a mixed performance. It must find support if it is to gratify optimistic investors by breaking over resistance at $1.60. There is lower-level support at $1.20 and $1.40, and traders will need to wait for a buying signal before entering.

This week, the first-ever Plutus smart contract went live on testnet, as part of Cardano’s continuous enhancements. While Cardano’s improvements have been positively received, ADA has been struggling due to market corrections. The network went through the Mary hard fork in March, bringing native multi-asset functionality to the Cardano ecosystem. 

Ultra Bullish Predictions for ADA Price!

In a post to his 134,000 Twitter followers, the crypto expert known as Capo stated that he is quite optimistic about ADA. He predicted last Sunday that Bitcoin, Ethereum, and Cardano are still “very likely” to reach $100K, $10K, and $10 by the end of the year. The trader went on to share that ADA is one of his biggest crypto holdings, and considers it to be superior to Bitcoin and Ethereum.

Capo forecasts a 156% increase in Bitcoin, a 302% increase in Ethereum, and a huge 557% increase in Cardano. ADA, which began the year with a positive trend, reached an all-time high of $2.4 in May 2021, before plummeting dramatically when the market fell.

The crypto influencer, who has been super bullish on Cardano for quite a while, said that $ADA remains one of the largest holdings in his portfolio.

The Bitcoin Dominance Index, according to Capo, may continue to decrease until October. This downward trend may force altcoins to make significant gains in the coming months. Because most ALTS have had large market corrections against Bitcoin in recent weeks, Capo believes that a pullback presents an opportunity to purchase the dip.

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Source: https://coinpedia.org/price-analysis/cardano-price-ada-price-massive-upswing/

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Ethereum’s London hard fork set to hit testnets on these dates

The world’s largest altcoin, Ethereum, is trending in the news today following its most recent development. As per the same, the much-anticipated London hard fork will soon be making its way to Ethere

The post Ethereum’s London hard fork set to hit testnets on these dates appeared first on AMBCrypto.

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The world’s largest altcoin, Ethereum, is trending in the news today following its most recent development. As per the same, the much-anticipated London hard fork will soon be making its way to Ethereum testnets.

According to a blog post released by the Ethereum Foundation, Ethereum core developer Tim Beiko has announced the set block heights for three testnets – a key penultimate step toward a full mainnet launch. London will go live on the Ropsten testnet around 24 June, followed by Goerli on 30 June, and Rinkeby on 7 July.

The aforementioned blog added,

“As of now, only the testnets (Ropsten, Goerli, Rinkeby) have been scheduled for London. Once the upgrade has successfully been activated on these networks, a block will be set for the Ethereum mainnet and be communicated on this blog and in other venues.”

This upgrade falls in line with Berlin, which was activated a few months ago on the Ethereum mainnet.

Furthermore, the hard fork will include five Ethereum Improvement Proposal (EIP) upgrades which are amendments to the blockchain’s code that must be broadly agreed upon by community members before adoption. These include,

The EIP-1559: Fee market change for ETH 1.0 chain.

EIP- 3198: BASEFEE opcode

EIP-3529: Reduction in refunds

EIP-3541: Reject new contracts starting with the OxEF byte

EIP-3554: Difficulty Bomb delay to December 1st, 2021

Moving on, the famed yet controversial update EIP-1559 remains the major highlight in the aforementioned list. The said upgrade is expected to reduce gas costs for users significantly BUT also might deduct around 50% of miner revenues. This was one of the reasons why it sparked a ‘miner revolt‘.

On the other side, the blog portrayed the change as,

“The decentralized nature of blockchain systems makes a network upgrade more difficult. Network upgrades in a blockchain require cooperation and communication with the community, as well as with the developers of the various Ethereum clients in order for the transition to go smoothly.”

At the time of writing, Ethereum was trading around the $2,238 price level with a correction of about 4.2% in the past 24 hours.


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Source: https://ambcrypto.com/ethereums-london-hard-fork-set-to-go-live-on-testnets-on-these-dates

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