Why is Chiliz (CHZ) token surging?

November 15, 2021 05:37 PM AEDT | By Kiara Khanna

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Why is Chiliz (CHZ) token surging? — Image source: © Kviztln | Megapixl.com

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The cryptocurrency world is brewing a new superstar every single day now. The superstar in focus today is the Chiliz (CHZ) token. A growing ecosystem, along with the launch of Live NFT games, has been keeping the token in the limelight.

The year 2021 saw a lot of new partnerships and an incredible amalgamation of the sports world with the crypto universe. Limited edition NFTs are a new craze amongst sports players to reach their fans. The blockchain network Chiliz recently shifted its gear towards the world of sports by connecting fans with their favorite sports personality or teams. Socios.com is the fan engagement platform that is becoming the new craze.

What Is Chiliz (CHZ)?

Chiliz is a digital currency for sports and entertainment. It works on blockchain-based sports entertainment platform Socios. The tokens help fans connect with their favorite sports team or player as well as unlock new revenue streams. Some of the most significant partnerships by Chilliz include FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also owns partnerships with the UFC.

Why is Chiliz (CHZ) token surging?

Fan tokens grabbed a lot of attention recently when Lionel Messi signed for Paris Saint-Germain.

Chiliz (CHZ) token gains

What are Live NFT games?

The current rally in the CHZ Token was seen when Socio.com’s first Live NFT game was launched. In this setup, new NFTs are minted live as the matches are happening. Fan tokens are dropped in wallets of players who rightly predict the game.

CHZ Token Price Prediction & Analysis

The CHZ token is showing great strength after this move and have surged drastically. Chiliz is currently trading at USD 0.571117 with a 24-hour trading volume of USD 927,725,115 as of November 15, 2021, on coinmarketcap.com. A year back, on November 15, 2020, CHZ was trading at $0.01062.

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