Aiming to be the blockchain for fan tokens, Chiliz has taken significant steps and launched its own network. Despite the season, we see that the price has not been able to exceed $0.17. The team seems to be significantly distanced from the excitement of 2021. So, can today’s announcement help the price?
Chiliz (CHZ) News
Continuing with the goal of being a dedicated blockchain for sports and games, the Chiliz team announced that OKX has joined the network as a validator. The Layer1 EVM compatible blockchain, Chiliz Chain, thus increases the network’s governance, security, and scalability. The team wrote in the announcement;
“The integration of OKX as a validator into the Chiliz ecosystem brings with it the comprehensive expertise and innovative approach of the cryptocurrency exchange field. This partnership, along with newly announced validators PSG and French state-owned energy giant EDF Group, as well as K League, Infstones, Ankr, Paribu, Meria, and Luganodes, enhances the capabilities of Chiliz Chain.”
Chiliz Chain is an initiative aiming for a future where sports are integrated with the blockchain. However, so far, we have not seen anything beyond simple processes such as voting on jersey designs. Perhaps people engaged in sports do not yet need such a thing. Nevertheless, in a world where smartphones have only recently become a part of our lives, the days when blockchain is widely used in real life may not be too far away.
CHZ Coin Predictions
After lingering below $0.1 for a long time, CHZ Coin has been above the key region since January 24. Its continued consolidation at higher levels is very positive. However, despite new highs in the BTC price, its inability to reach $0.17 reflects the strength of profit-taking. We saw candles equivalent to rapid rise in attempts on March 1 and 13 followed by equivalent selling candles.
Now, CHZ Coin is at $0.145 and above the support area. If we see renewed upward attempts, the levels of $0.154 and $0.162 can be targeted. The $0.168 level will be the main target for the rally to extend to $0.2 and beyond.
BTC was at $70,700 as this article was being prepared, and altcoins have turned green again.
