November 15, 2021

3 Factors That Cause Chiliz (CHZ) To ‘Jump’ Over 170% In A Month

 One of the tokens that connects sports fans with the crypto sector, Chilliz (CHZ) saw a remarkable surge from September 29 to October 30.


The CHZ price recorded a 171% increase to a daily high of $ 0.657 on October 30 from a daily low of $ 0.243 on September 29.


Three factors that should be given attention by CHZ investors are detailed as follows:


NFT Live Match

Non-fungible token (NFT) for direct matches between A.C. Milan and the U.S. Roma launched in late October as announced by the official Socios.com account.


It is mined based on important moments during a live match.


Fans who successfully guess the football team’s victory at the opponent’s end will receive the NFT.


Support Against CHZ and fan tokens


The Chilliz platform launches fan tokens for football teams: Sao Paulo FC, AC Milan, and Manchester City.


Following that, Binance also allows fans to earn tokens from their favorite teams by staking Binance Coin (BNB), Binance USD (BUSD), and CH.


OKEX announced support for tokens generated from the Chiliz ecosystem. While eToro lists CHZ on its platform, it is ready to be traded by investors.


Ecosystem development

Chiliz has partnered with Kraft Sports and Entertainment.


This means the National Football League’s (NFL) New England Patriots and Major League Soccer’s (MLS) New England Revolution will join the Socios and Chiliz ecosystems.


Not only that, Chiliz continues to expand its influence on several major favorite leagues for which there is high demand from sports fans.


At the time of writing, CHZ is trading at $ 0.5674, up over 5% in 24 hours.