Chiliz is an altcoin that has been getting increasingly popular over the past few months. CHZ is already one of the best performing alternative cryptocurrencies on the market, and might soon become one of the leading projects in the blockchain ecosystem. But what is Chiliz really, and why are so many analysts convinced that the CHZ coin is a good investment?
What Are Chiliz and Socios.com?
Chiliz (CHZ) is an alternative cryptocurrency project which aims to become the global leader in providing blockchain-based solutions to the entertainment industry and professional sports.
Chiliz was launched in 2018, but the project didn’t start to gain noticeable popularity until 2019 when the Socios.com blockchain-based sports platform was created.
Socios.com is a platform powered by the CHZ coin and the Chiliz network. Socios.com website and mobile app allow sports fans around the world to express their support for their favorite team by purchasing and using unique Fan Tokens.
Fan Tokens can be purchased exclusively with CHZ, and they are built using the Chiliz blockchain infrastructure. Each sports team present on the Socios.com platform has its unique Fan Token, and the tokens of different teams vary in value depending on the popularity of the team.
Socios.com Fan Tokens powered by the Chiliz blockchain is not just collectibles. They can be spent in many different ways, for example by allowing the fans to influence their favorite sports teams by voting in various polls or enabling them to gain unique rewards. Fan Tokens can also be used to pay for events and purchase exclusive merchandise.
The greatest advantage of Socios.com and the reason why the CHZ coin is becoming so popular is the fact that the Chiliz team is partnered with some of the greatest sports teams in the world. Chiliz can currently be used to purchase Fan Tokens of football teams such as Paris Saint-Germain, AC Milan, AS Roma, Galatasaray, Juventus, Atlético de Madrid, and FC Barcelona. Socios.com is also partnered with UFC and leading esports teams like Team Heretics and Team OG.
The Crypto Community is Bullish About Chiliz
Chiliz is a cryptocurrency with a unique, very specific, and clearly defined use case. Because of that, it has quickly managed to get considerable adoption. Sports fans are crazy about their teams, and many of them love the opportunity to express their dedication through blockchain technology. Because of that, the crypto community is very optimistic about the CHZ coin.
When it comes to specific numbers, the $1-$2 Chiliz price range seems to be the forecast most common on social media.
The popular crypto researcher going by the name CryptoDragon is one of the people who believe $1 to be a realistic Chiliz price prediction for 2021. CryptoDragon points out to the fact that some of the greatest sports teams in the world such as Real Madrid are not on the Socios.com platform yet, and their addition would likely cause a massive spike in the CHZ valuation.
When Real Madrid fan token gets announced, and $UFC is released
— 🐉CryptoDragon🐉 (@CryptoDragonCD) March 4, 2021
According to polls made among the members of the Twitter crypto community, $1 is also the most highly possible Chiliz price forecast. In a survey created by the user Shelby Gosling, over 35% of the respondents declared that the CHZ price will reach $1 or more, but won’t surpass $2. Chiliz surpassing $5 in 2021 was the least popular option in the poll.
— Shelby_Gosling (@ShelbyGosling) April 16, 2021
Of course, some ultra-bullish Chiliz price predictions can also be found on Twitter. For example, a user going by the name MrRokittt gives a “conservative” $10 CHZ price forecast for 2021. However, extremely optimistic predictions like this should be taken with a grain of salt as they are usually not grounded in anything other than hope.
— levi (@MrRokittt) April 4, 2021
Chiliz Price Predictions Made by the Experts
In the case of Chiliz, the crypto community and the analysts are surprisingly unanimous. The $1 CHZ price prediction for 2021 seems to be shared by the majority of people analyzing the price of the CHZ token.
One of the Youtube analysts who agrees on the $1 Chiliz price forecast is CryptoXan. He believes that the main reason why CHZ will almost certainly reach that price level by the end of the year is the increasing popularity of the Socios.com platform. As more sports teams join Socios.com, the CHZ price will definitely raise.
Another Youtuber who believes that Chiliz will reach $1 in 2021 is the popular technical analyst going by the name SpaceCuhdet Crypto. Based exclusively on technical analysis, SpaceCuhdet Crypto claims that a breakout of the CHZ price is imminent and that Chiliz will almost definitely surpass $1 by the end of the year.
Epic Saheed is a Youtube crypto researcher who has analyzed Chiliz price predictions made by different websites. The CHZ price forecasts made by various websites vary from $0.8 to $1.25, with $1 being the most realistic prediction.
Will Chiliz Coins Go Up?
Chiliz is a reputable project partnered with some of the most influential sports teams in the world. Because of that, almost all crypto experts agree that the CHZ price will continue to increase.
Will Chiliz Reach $1?
The $1 Chiliz price prediction is the most common one among the members of the crypto community. The token almost reached the price of $1, so there are high chances that CHZ will hit $1 during 2021. Many investors believe that Chiliz might be worth more than that at the end of the year.
Where Can I Buy Chiliz?
Chiliz coins can be bought on most of the major crypto exchanges such as Coinbase or Binance. However, Fan Tokens built on the Chiliz network are exclusive to the Socios.com platform.
Is Chiliz a Good Investment?
All things considered, Chiliz is definitely a good cryptocurrency to invest in. The CHZ coin has got not only a very unique and significant use case but also a large number of extremely strong partnerships which almost certainly means that the CHZ price will continue to grow in the future.
Ripple Diamond Hands Are Down 12%, Will XRP “Make You Rich” In A Year?
Ethereum Dumps but ETH Trader Maintains Uptrend is Valid Even at $2k
Is Smooth Love Potion (SLP) a Good Investment?
Is Ultra (UOS) a Good Investment?
Bitcoin Versus Ethereum Battle Ongoing, Will ETH Spring Above September Highs To 0.11 BTC?
Litecoin Upside Firm, LTC Traders Set Sight on $400
Polkadot Flying, DOT Bull Predicts a 5X Rally to $150
Hedera HBAR Price Prediction 2021-2025
Chainlink Prices Peaking, LINK Bulls Appear Exhausted for A Push Above $30
Mirror Protocol (MIR) Price Predictions
VTHO Price Prediction
Solana Lift-off, Is SOL Ready for An Impulsive Wave To $150?
Learn11 months ago
Is Polkadot (DOT) A Good Investment?
News11 months ago
How Will Bitcoin React if Either Trump or Biden Wins?
Learn10 months ago
Yearn Finance Explained: A Simplified Guide to YFI
Price Analysis10 months ago
Bitcoin Price Prediction: China FUD, Path back to $13k or $20k?
Price Analysis10 months ago
How The “Easiest Bitcoin Short of Our Lives” Turned Sour
Price Analysis10 months ago
Synthetix (SNX) Price Analysis: Bulls Aiming at $6 after Closing above Last Week’s high