Once again, the crypto market is debating whether a bear trap is in action. Meanwhile, fan token projects are defying all expectations, with Chiliz in the lead. The cryptocurrency enjoys a 12% rise while the rest of the market is in the red. We review Chiliz news to understand why and to give a Chiliz price prediction for 2022 and beyond.
All Chiliz Price Predictions
Opinions are split on CHZ price forecast for 2022, but going forward, the majority of experts are bullish. CHZ can exceed $1 as soon as in 2025.
What is Chiliz (CHZ)?
The Chiliz blockchain infrastructure, which powers a social platform for fans of sports and esports world Socios.com, covers a unique value proposition: fan tokens. On Socios.com, fans can engage with the sports and esports world like never before: from purchasing exclusive items and access to even influencing team management.
Socios.com runs on the Chiliz blockchain, and the native digital currency CHZ acts as a key component in its economy. With the Chiliz (CHZ) token, sports fans can mint or exchange branded fan tokens of their favorite teams and clubs. Therefore, the CHZ coin can be of value even to the mainstream consumers interested in sports.
CHZ Price History
Chiliz (CHZ) Price in 2019–2020
Chiliz tokens came around in mid-2018, and due to having a large maximum supply of 8.888 billion, were worth a little more than one cent. The app where CHZ is mainly used, Socios.com launched in December 2019, bringing it closer to the opening price once again after a selloff. Nonetheless, despite reaching 2 cents in mid-2020, it wasn’t until the bull run when its rise truly began.
Chiliz (CHZ) Price in 2021–2022
In late 2020, the cryptocurrency market went on a rally, and CHZ went into 2021 on a high note. During the first two months, it more than doubled from $0.16 to $0.5. In March 2020, though, as Beeple NFT was sold for $69 million, the NFT craze swept the crypto market. As a result, fan token platforms, such as Socios, enjoyed turbo-gains nearing 1,600% as well. By March 13, 2021 CHZ reached a historical maximum price of $0.8915.
Since then, even though occasional announcements caused a CHZ price spike, the long way down from an all-time high began anyway. So far in 2022, CHZ managed to reach a yearly high of $0.3226 with a Chiliz Chain 2.0 announcement. At the moment of writing, the CHZ token price is $0.2221, and by market cap it ranks 41st according to CoinMarketCap.
What Influences the CHZ Price?
The most obvious price booster for Chiliz coin has been announcements of new partnerships. It’s understandable, because new teams and fan token offerings attract more users to the platform. Not to mention, CHZ is the universal token of Socios which all fans use, regardless of their affiliation.
Chiliz is the official fan token partner of AC Milan, Formula One, Paris Saint-Germain, Juventus, FC Barcelona and others. The user base of these offerings potentially covers millions of fans worldwide, and there are even more fanbases to onboard.
Personal deals also play a huge part in improving brand recognition, especially when it involves stars such as Lionel Messi. Chiliz scored a multi-million three-year ambassadorship deal with the football star last March.
As briefly mentioned before, platform updates also serve as decent boosts for the Chiliz’s price in the short term. At the moment, the Socios team is working on Chiliz Chain 2.0, or CC2 for short. The whole purpose of CC2 is to lean further into capabilities of Web3, and therefore, it is developed in collaboration with service provider Ankr. The update is slated to hit the mainnet some time between Q3 or Q4 of 2022.
The least obvious but still important factor in the future of Chiliz is its placement in the regulatory framework. And from this standpoint, the influence is not so uniformly positive. On the one hand, quite recently, Socios received the green light to operate in Italy. On the other hand, in the UK, Arsenal FC has been issued a second warning from an advertising watchdog for “irresponsible conduct”. The UK Advertising Standards Authority believes the football club neglects to properly notify the target audience of the risks associated with NFTs.
Latest Twitter posts about Chiliz (CHZ)
Just another day at @socios office, when Messi is filming the next TV spot. Powered by @chiliz $CHZ. #bemorethanafan pic.twitter.com/xnrLj1vFlC— Alexandre Dreyfus (@alex_dreyfus) August 23, 2022
The acting Chiliz CEO and founder Alexandre Dreyfus shared a tidbit of Messi fulfilling his ambassador duties at the Socios’ office. Looks like someone is a big fan!
$CHZ - Low time frame short, hard to not pull the trigger on such a strong 4h resistance. Looks like a bullish cup and handle is forming so if we get the pullback I might then flip to long if it holds. pic.twitter.com/lTv84vdb06— Elino pisce🐳 (@Elinopisces) August 23, 2022
Trader Elino pisce let followers in on their plans for trading CHZ. At the moment, it seems to be running against a strong resistance but in a longer time frame, they give a positive forecast.
That's amazing. Now imagine this is not a closed club anymore and you as a fan / investor can participate in the value creation and revenue streams of the sports industry in #web3 by staking an appreciating asset behind club nodes and earn passive income ⚡️ $CHZ https://t.co/as5j9dGgLc— Playmaker (@PlaymakerChiliz) August 18, 2022
User Playmaker follows up on the CC2 update provided by Dreyfus. Every step taken in that direction is a step toward creating value and fan demand, as they say.
Chiliz Coin Price Prediction 2022
A similar picture is painted by a CryptoNewsZ forecast: in Q3 and Q4, CHZ will scale the targets of $0.28 and $0.29 respectively.On the contrary, TechNewsLeader seems to support a bearish scenario and forecasts CHZ going down to $0.17–0.15.
Chiliz Forecast in 2023, 2024
What about a little more into the future? As a hypothetical, CoinCodex suggests Chiliz can follow the growth rate of the Internet, Google and mobile networks. In that case, in 2023 it can be worth anywhere between $0.1783 and $0.3064. In the same line of reasoning, a 2024 forecast predicts CHZ will be trading between $0.23017 and $0.6796.
Chiliz Price Prediction 2025
Chiliz is betting big on NFTs, Play-to-Earn and DeFi — will it pay off? The expert opinions are unanimously optimistic but some are less bullish than others. Digital Coin Price predicts that the average price of Chiliz will peak at $0.54 in February. The minimal monthly average price of $0.45 is likely to be observed in July 2025. A less moderate target is given by CoinPedia, the team of which claims CHZ price can rise to an average price of $0.9644 and even up to $1.291. Finally, a CHZ price prediction from TheNewsCrypto puts the target higher and expects the maximum price to hit $2.9 by 2025.
Chiliz Price Prediction 2030
Let’s suppose the tokenized future of fan clubs works out. What will it mean for the Chiliz price? Considering it has already grown by over 5,000% since its inception, by 2030 its range can move up between $3.5 and $5.257. At least, this is how the AMBCrypto forecast goes. Algorithm based forecasting service PricePrediction.net’s estimates are not too far off, between $2.67 and $4.76.
ChangeHero’s Chiliz (CHZ) Price Prediction
Summing up the experts’ opinions, we can say they are mostly being cautiously optimistic. The sentiment is easy to explain considering the fundamentals of the project. Fan tokens are a novel way of fans interacting with their favorites, but the offering is still extremely niche. The Chiliz team is passionately working on increasing the scope of the project before the novelty wears off. Therefore, it is possible to predict that as long as there are efforts to increase the utility of the Chiliz platforms and fan tokens, the price will react and the value will grow.
How to purchase CHZ on ChangeHero?
If you already own crypto and are curious if you can buy Chiliz for yourself, try ChangeHero. Swapping cryptocurrencies on the website will not require you to sign up and is done in only a few steps:
Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts
Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit
All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives.
The Best Rate transactions will use the rate current to the time when your funds arrive.
The Fixed Rate will use the rate at the time of step 1.
As soon as the exchange has been processed, your Chiliz (CHZ) is on the way to your wallet
The customer support is available 24/7 in the chat on the website or through the email: [email protected].
As far as applications of crypto go, fan tokens seem to be a great prospect. Chiliz capitalizes on this to the full extent, and offers unique ways to engage with fans’ favorites. No one seems to come close to competing with Chiliz right now, but things may change.
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Frequently asked questions
What will Chiliz be worth 2025?
Rounding up the experts’ Chiliz price prediction, we can expect the CHZ price in 2025 to be between $0.45 and $2.9.
Is Chiliz Coin a good investment?
Like all cryptocurrencies, Chiliz and fan tokens are a high-risk investment. Most opinions claim Chiliz has a solid use case and will be in demand but there is no guarantee it will reach the maximum projected prices.
Will CHZ reach $1?
Going off the cited Chiliz token price predictions, the best chance for CHZ to reach $1 is past 2025.