With partnerships in sports, the native cryptocurrency of the Chiliz platform, CHZ, hosted a noticeable rise in the past week. Last week saw a 15% increase in the price of Chiliz (CHZ), pushing its market value back over 1 billion dollars.
Chiliz (CHZ) Price Rally
As of writing, Chiliz has a market cap of 1.018 billion dollars and is trading at $0.1142, a slight decrease of 0.1%, yet it continues to attract investors.
In the scenario where the Chiliz price surpasses the $0.12 level, if it continues to trade above $0.111, movement towards the $0.14 region could be possible. Investors seem to be smiling after the January downturn, as the price has notably increased following the recovery.
According to the latest information, the sports-focused blockchain platform Chiliz has announced a partnership with South Korea’s professional football league, K-League. The long-term partnership is expected to introduce “K-League Fantasy” on the Chiliz platform, potentially refreshing the fan experience.
CHZ and K-League Partnership
The partnership between Chiliz and K-League could be seen as a step to garner significant interest from fans in the blockchain world. It seems that Chiliz aims to create a connection between the league, teams, and fans through “K-League Fantasy”.
Furthermore, the announcement emphasized that K-League will take on the role of a node validator on the Chiliz chain, highlighting the contribution this will make to security.
The strategic collaboration between Chiliz and K-League showcases the strong synergy between sports and blockchain ahead of the anticipated bull market in cryptocurrencies.
How Much is Chiliz Worth?
While all this is happening, price movements continue on the Chiliz (CHZ) side. As of writing, the CHZ price is trading at $0.1142, down 1%. Despite this price level, it’s important to remember that CHZ has risen over 16% in the last 7 days. The monthly gain for CHZ is seen to be over 24%.
While the market cap of CHZ has shown a decrease, the trading volume has appeared to increase during this period. As of writing, the overall volume continued to hover above 1 billion dollars. Additionally, the 24-hour trading volume has seen an increase of nearly 5%, exceeding 72 million dollars.
