People are really interested in cryptocurrencies. Furthermore, numerous cryptocurrencies have increased in value during the current 2021 bull run. However, a few cryptocurrencies have also seen a slump. As a result, many traders and investors are unsure if it is time to sell or wait for a decent price.
This Chiliz Price Prediction for 2022 is based only on technical analysis. The primary measures that we used when developing our CHZ price analysis and prediction are listed below. Chiliz hit its most recent all-time high (ATH) on March 13, 2021, at $0.89. It also had a trading volume of over $429,104,093 in a 24-hour period.
Nonetheless, the crypto market has recently been in a downward trend, with most cryptos shedding their earlier profits. Is the same scenario true for the CHZ price? In this Chiliz Price Prediction 2022 post, we’ll find out soon. But first, let’s go through what Chiliz is.
What is Chiliz (CHZ)?
Chiliz is a cryptocurrency that enables sports fans to conduct one-of-a-kind interactions with their favourite teams. Chiliz uses blockchain technology to offer a new type of direct involvement between fans and their favourite sports teams, inspired by the socios of Spanish soccer teams, where an annual membership provides supporters access to early ticket and club voting privileges.
Fans may buy Fan Tokens for their favourite teams with the CHZ token, the Chiliz experience’s native cryptocurrency. Socios.com, the crowd management platform that powers the Chiliz experience, sells Fan Tokens for CHZ.
Each team that collaborates with Chiliz has the ability to tailor the real-world experiences that its Fan Tokens deliver to holders. In addition, holders of Fan Tokens can also influence team choices like new jersey designs, celebration songs, stadium names, and, in rare cases, starting lineup decisions.
Before Chiliz, fans could only interact with their favourite teams by watching games or purchasing goods. Chiliz and its related Fan Tokens provide sports fans with an active presence within their favourite teams’ operations as well as a unique influence on their decision-making process.
Meanwhile, Chiliz enables sports teams to monetise their fan bases in novel ways while giving unique experiences to their most devoted fans.
Now that we know what Chiliz is, do you believe CHZ will be a viable cryptocurrency in 2022? Let’s find out in our post on Chiliz Price Prediction 2022.
Chiliz (CHZ) Current Market Status
According to the most recent statistics, Chiliz’s current price is $0.18. Chiliz has a circulation supply of 5,955,069,766 coins and a market capitalization of $1,053,635,634.
Chiliz’s price has increased by 2.5 percent in the previous 24 hours due to an increase in trading volume and market value.
Chiliz is having difficulty gaining traction with other cryptocurrencies. The CHZ has fallen by approximately 16.17 percent in the last seven days. The currency has been demonstrating risky framing segments over the previous few days; the coin may have excellent fundamentals, but we do not believe it will be a successful asset in the short run.
CHZ’s price has dropped by-40.387 percent in the last month, subtracting a shocking average of $0.12 from its present worth. This abrupt drop indicates that the currency is now in a slump, which might indicate an excellent purchase opportunity for a quick investment.
In the last 90 days, the price fluctuated between a low average price of $0.39 and a high average price of $0.60, resulting in a -57.62 percent price change.Chiliz is down by -42.67 percent in the last four months. The maximum average price of the coin is around $0.29, and the minimum average price is around $0.26.
Chiliz (CHZ) Price Analysis 2022
CHZ is currently ranked 71st on CoinGecko. The ascending channel pattern may be seen on a daily time period. An ascending channel is defined as price movement that occurs in an upward direction across a sloping parallel line. In addition, the chart shows the higher highs and lower lows from this price pattern. Furthermore, this pattern indicates a short-term bullish trend.
According to the daily chart, CHZ shifted from a bear to a bull trend at the beginning of this month. This is due to the significant transaction volume that occurred during that time period.
The Relative Strength Index (RSI) is 67.08, indicating that CHZ is virtually overbought. As a result, a price reversal might occur at any time. As a result, traders must exercise caution and avoid being swayed by market excitement. With this in mind, crypto traders may be careful to avoid surprise losses caused by the cryptocurrency market’s unpredictable fluctuations.
Chiliz’s price has undergone multiple positive swings that are greater than the previous one since the beginning of 2021. Furthermore, these are immediately followed by oscillations, consolidations, and corrections. Taking this into account, CHZ will face a competitive market in 2022.
Chiliz Price Prediction 2022
If the current upward trend continues, CHZ will reach $0.25 by the end of 2022. Furthermore, the first half of 2022 will see a rapid increase, reaching $0.255. The growth will thereafter moderate, but no significant drops are forecast. With planned collaborations and advances, reaching $0.25 is fairly ambitious in terms of pricing, but it is undeniably doable in the near future.
Chiliz Price Prediction 2023
If CHZ maintains the support level around the 200-MA (long-term moving average), purchasers will have adequate time and stability to create the next assault mission at the critical level of $0.36, causing it not to drop but to play persistently.
Chiliz Price Prediction 2025
CHZ prices might reach $0.77 in the next three years. Furthermore, hitting this level may not be as tough for CHZ as other medium-, short-term, and long-term price objectives for purchase or sell orders may be discovered.
Chiliz Price Prediction 2031
According to the Chiliz price prediction and technical analysis, the CHZ price is anticipated to cross an average price level of $7.14 in 2031. We are predicting a minimum price value of $6.93. Furthermore, CHZ has a maximum price level of $8.63.
Conclusion
In 2022, CHZ has a promising future. With continued improvements inside the CHZ ecosystem and the larger crypto market, we may see CHZ reach new heights. In the meantime, our long-term Chiliz price prediction for 2022 is optimistic. It has a good chance of exceeding its present ATH this year. However, this will only happen if past psychological barriers are broken.
The bullish Chiliz price prediction for 2022 is $0.25. Furthermore, if investors determine that CHZ is a viable investment alongside popular cryptocurrencies like Bitcoin and Ethereum in 2022, it may perhaps reach $0.3.
Also read: XVG Price Prediction – How High Will Verge Price Reach in 2022?
