Chiliz is one of the leading cryptocurrency blockchains originally designed to sponsor sports entertainment and activities. It is the primary driver of Socios, a sports blockchain platform. This platform authorizes users to govern several sports brands of their choice. An excellent example of such sports brands is the Socios.com fan tokens.
The native token CHZ has shown several price actions since its ICO launch in October 2018. There have been so many price swings, downtrends, and uptrends to recall, but for now, the coin trades at $0.1597.
Based on this data, CHZ has declined by -81.86% from its all-time high of $0.8915 on March 13, 2021. The crypto market sentiments have apparently altered the initial CHZ 2022 price predictions by experts.
However, investors can consider the experts’ forecasted token prices in months and years. Keep reading this CHZs price prediction guide to know what forecasters have to say.
What Is Chiliz (CHZ)?
Chiliz is a digital token developed for DeFi (decentralized finance) applications. It's a cryptocurrency driven by the Chiliz blockchain network.
The major decentralized app driven by CHZ blockchain is the Socios.com platform – a rapidly developing sports base. The network's exclusive currency and payment token is Chiliz coin (CHZ). All sports fans and users of the platform can purchase Fan Tokens using the CHZ cryptocurrency.
The token has over 8.88 billion coins as its max and total supplies at this write-up. The circulating supply stands at 6.14 billion tokens, as data from CoinMarketCap suggests.
History of Chiliz blockchain
Chiliz was birthed in 2012 as an extension of an international entertainment and sports organization, Mediarex Group. Moving on to 2018, the company developed a blockchain-based platform called Socios.com.
On October 18, the organization released the Chiliz token, which became available globally on several crypto exchange platforms.
Following the launch was the company's first partnership with the Italian-based Turin football club, Juventus. As of November 2019, the football club hosted its FTO (Fan Token Offering), making a sale of about 1.3 million tokens. At the time, the maximum supply was about 20 million.
Toward December 2019, the organization released the Socio website and application. About $66 million from Private Placement was invested in driving this development. Soon the app was deployed on the web and several smart devices.
What protocol does Chiliz use?
The consensus system of the CHZ blockchain is Proof of Authority (PoA). This system functions almost similar to the Proof of Stake consensus mechanism. So, it deals with validator nodes for confirming transactions on the network.
The validators on a Proof of Authority consensus system don’t use staking, tokens, or locking for verifying blocks or transactions. Usually, the transaction verification process involves the identification of validators.
Blocks are added to the network after the approval of accounts called validators. These validators focus on putting transactions in blocks using a particular software.
The process is automatic, so validators don't have to monitor their computers the whole time. However, maintaining these authority nodes (the computers) is very crucial.
As per rewards, the PoA system is similar to PoS. Validators in both systems receive their rewards from the network transaction fees.
What makes Chiliz different from other cryptocurrencies?
While there are certain similarities between Chiliz and other cryptocurrencies, one factor still isolates this coin from the rest: the Fan Token offering.
Fan token offering
From the onset of the Chiliz organization, the drive has always been to develop well-bonded sports fan communities. The established strategy to achieve this goal is the provision of Fan Tokens to sports fanatics.
By this, Chiliz can moderate the volatility of the Chz market, mitigating the unsteady price actions in the broader crypto market.
Chiliz, at a glance
Factors Influencing Chiliz (CHZ) Price
There are several factors influencing the Chiliz price, just like other crypto assets. Find them below.
Crypto market trend
Generally, the top crypto coins based on capitalization ranking set the overall trend in the crypto market. This pace influences the Chiliz price. Some leading assets include Bitcoin (BTC), Ethereum (ETH), and others.
Once there's increased volatility for Bitcoin, investors will buy and sell BTC more, creating a spike in the Chiliz price and vice versa.
Demand and supply
The value of Chiliz depends significantly on the overall demand and supply of CHZ tokens. At the press time, Chiliz has a circulating token supply of about 6.137 billion CHZ coins. However, the asset has a maximum supply capped at 8,888,888,888 CHZ tokens.
So, with a defined total supply, Chiliz won’t over-saturate the market, ensuring that CHZ price won’t depreciate.
Also, if the demand for CHZ increases, the price will increase proportionally if every other factor remains insignificant and vice versa.
This is an internal factor that could impact the price of CHZ on a short-term basis. In recent times, sports sponsorships seem to be on a higher level.
Such contracts increase the awareness and popularity of most crypto assets. Hence, if CHZ records increased demand from sponsorship contracts, its price will soar.
Crypto regulations have taken a stricter dimension recently. Several regulators are devising measures to control and monitor their respective crypto industries. The overall trend is affecting the price of CHZ and other crypto assets.
Chiliz (CHZ) Price Performance In The Past
As an intending Chiliz investor, your research should not rely only on CHZ coin price prediction but also on its past price performance.
For now, let’s consider the past performance of this coin, as it’ll give you a picture of its possible future price.
Initial coin price
The Chiliz token started at $0.0215 in 2019. After the initial three months following its market launch, the coin declined to its all-time low of $0.004001 in September 2019. In two months, there was a reversal in its price action, bringing it to $0.02.
However, this price growth didn’t last long, as CHZ later fell to about $0.007, which was the year’s closing price.
The global pandemic effect
There was a massive adoption of the token during the heat of the global pandemic. This event was visible in Chz price movements in May 2020, surging to the $0.01 price mark. It later appreciated further to cross the $0.022 price level in August.
The token eventually dropped to $0.01 as of September. The coin kept hovering around the $0.008 and $0.015 price marks three months later.
Toward the end of 2020, a notable spike in its price raised its value to $0.03. But at the year's close, CHZ was trading at around $0.0214.
The year 2021 was a positive one for the Chiliz coin. This is evident from the several gains it displayed then, including the rise to its all-time high of $0.8915 on March 13. At the time, its market cap was more than $4 billion.
2022 market crash
Following the several bullish movements of the token in 2021 was a steady decline in 2022. At the dawn of the year, CHZ was trading at $0.2837 – a huge drop from its all-time high in 2021. It maintained this price range for more than 2 weeks and eventually dropped to $1967 on January 22.
The current market downturn has prevented the token from achieving significant recovery, as it currently trades within that price range.
How Is Chiliz Doing Now? Present Price Trend Of CHZ
The last 24 hours' data from CoinMarketCap shows that the CHZ token has been on a bearish trend. At the time of writing, Chiliz trades at $0.1597 with a 24-hour price change of -2.06%.
The live market capitalization of the token is currently $979,363,293 and a fully diluted market cap of $1,419,373,727.
Meanwhile, the token's trading volume in the last 24 hours stands at $169,526,797. This figure shows about a -8.98% drop in the same period.
Although the token is showing bearish signs, investors can be hopeful about experts' CHZ future price prediction.
Chiliz Price Action Prediction Today
The closing price of the token as of yesterday (December 1, 2022) was $0.1602, while the opening price stood at $0.1656. The daily price change and trading volume were -3.23% and $135,234,736.57, respectively.
For today, the expected maximum Chz price target is $0.1733, with a minimum price of $0.1475. The forecasted average trading price could be $0.1633.
The sector growth forecast of Chiliz isn’t determined by just its simple move or resistance and support levels. The sector or tech sector growth prediction of CHZ hinges on some technical indicators and analysis from experts.
A few of these indicators are simple moving average (SMA), death cross, divergence, or golden cross signals, and the Bollinger bands. This data also gives a base for possible support and resistance levels, which are $0.1879 and $0.1475, respectively.
Chiliz Price Prediction For December
Based on an expert's prediction model, let’s look at the day-to-day Chiliz price forecast.
Short-Term Chiliz Price Prediction For 2022
The technical analysis from the crypto market indicates an exponential move in the growth of CHZ. Below is the Chiliz forecast for 2022.
Long-Term Chiliz Price Prediction For 2023
Is Chiliz coin a good investment? Here is the month-by-month Chz market forecast for 2023.
Long-Term Chiliz Price Prediction For 2023 – 2030
Looking at the CHZ coin case scenario, experts expect Chiliz Price to break through its resistance level. For this, the coin’s future price is predicted at $0.41 in 2023 and $4.53 before the end of 2030.
Long-Term Chiliz Price Prediction By Experts
Price predictions and candlestick chart analysis serve as a guide for most investors in the crypto space. Long-term Chiliz price predictions are based on technical analysis using an algorithm.
So, what are some CHZ coin price predictions by experts?
CHZ price prediction by Changelly – 2022 and 2023
Data from Changelly revealed that the current sentiment for Chiliz is reading bearish, with the Fear and Greed index indicating 29 (Fear). Based on technical indicators, the token will surge slightly to a maximum price of $189981.
The average and minimum prices are $0.179982 and $0.169983, respectively.
In 2023, the price continues to be $0.29997 as the expected maximum price. The average price will be $0.249975, and the minimum price, $0.249975.
CHZ price prediction by DigitalCoinPrice – 2024 & 2025
DigitalCoinPrice forecasts a gradual rise in the Chiliz price in the coming years. CHZ will hit an average price of $0.55 in 2024. Its maximum and minimum prices are $0.59 and $0.48.
CHZ will appreciate even more according to the expert's Chiliz price prediction for 2025. DigitalCoinPrice expects the maximum price of the token to be $0.75 and the lowest trading price of $0.63. The anticipated average price will be $0.74.
CoinsKid CHZ price Forecast – 2026
CoinsKid gave an optimistic CHZ price prediction for 2026. It forecasts the token at an average price of $1.19 and a maximum price of $1.78. The predicted minimum price is $0.8981.
Chiliz price prediction by BITNATION for 2027
From the maximum price prediction of BITNATION, CHZ will hit $1.12 as its maximum price in 2027.
Its analysis reveals that the average price will be $1.07, with a minimum trading price of $1.02.
Price Prediction By Margex
Margex expert analysts bring you the technical analysis and price forecast of CHZ for the coming month.
The CHZ token has seen a significant boost in its prices as a direct impact of fan tokens' high demand. This event can be traced to the present FIFA World Cup 2022.
CHZ is trading at $0.17, representing a 4.73% price change in 24 hours. The trading volume is up by 32.42%
The candle formation on the CHZ price chart shows that the asset has been trading in a downtrend. The green candle signifies the rallying of the bulls in the market.
A golden cross formed on this chart when the 50-day SMA crossed the 200-day SMA leading to a bullish run. However, the buying pressure is slowing down, and the price of the asset might dip.
The RSI reading is 42, which is close to the oversold region. This signals a possible bearish turn of events.
The MACD is showing divergence from its signal line as it dips on the chart showing a bearish trend also.
The key support of 0.14 will likely hold as CHZ attempts to reclaim the support of 0.17.
Major resistance awaits at o.26 and 0.28 if it rallies again.
Expect CHZ to sustain its bullish momentum into 2023 and end the year in the $0.17 and $0.29 range. But remember, this is not financial advice. Do thorough research, as trends might reverse.
FAQ-Common Questions On CHZ Future Price
Find more forecasts for the sports token below.
Will CHZ hit $100?
Chiliz currently has a low market share. However, the coin can reach $100, but that will be in the distant future when CHZ's market share has improved.
What will be CHZ price in 2025?
According to Chiliz price prediction, the coin will be worth around a minimum of $0.7 and a maximum of $0.88 at the beginning of 2025. Some crypto forecasts suggest that CHZ will hit $3 in 2025 if it sustains major resistance levels and gains wide recognition.
What will be Chiliz trading price in 2030?
According to Chiliz price forecasts, CHZ could be worth around $8 by 2030 if the token gains more advancements and utility. Other CHZ price predictions suggest the coin would trade above $4.7 in 2030.
How much will CHZ be in 5 years?
If Chiliz gains more recognition among the crypto community, the price may hit $5 in the next five years. But that depends on CHZ’s ability to sustain major resistance levels within those years.
Is there a future for CHZ?
Chiliz has a future. With a good roadmap, the asset can break all barriers and become among the preferred token on exchanges. Following Chiliz price predictions, CHZ has a bright future ahead.
What will be the highest price of Chiliz?
Chiliz price predictions suggest that CHZ might reach $8 in the next eight (8) years. With increased advancements in the Chiliz network and more adoption within the crypto community, Chiliz will rise to a new all-time high before the end of 2030.
Is Chiliz (CHZ) worth buying?
According to data from the past few months, Chiliz (CHZ) is among the top-gaining crypto in 2022. However, cryptocurrencies are highly volatile and the Chiliz blockchain's growth could affect the asset's performance.