Chiliz (CHZ)

– Can Fan Tokens Spark a Comeback? ⚽🔥

Chiliz (CHZ) is one of the pioneers of Fan Tokens, powering platforms like Socios.com where major sports clubs launch their own digital tokens to engage fans worldwide.

🔹 Key Metrics

Current Price: $CHZ

Market Cap: $385M

24h Volume: $43.8M (~11% of market cap)

Circulating Supply: 9.8B CHZ

All-Time High: $0.89 (Mar 2021)

All-Time Low: $0.004 (Sep 2019)

🔹 Price Action

After peaking near $0.297 in May 2023, CHZ entered a prolonged downtrend.

The latest bottom formed at $0.0306, with price now consolidating around $0.039.

The zone between $0.030 – $0.040 is shaping up as a strong support area.

A breakout above $0.075 could open the door to mid-term targets at $0.13 – $0.19.

🔹 Outlook

$CHZ ’s success depends heavily on new partnerships with sports clubs and global tournaments.

With upcoming major events (World Cup qualifiers, European competitions), demand for Fan Tokens could see a revival.

However, the large circulating supply acts as a drag on rapid price appreciation.

💡 Takeaway

Chiliz remains a unique bet on the intersection of sports and blockchain. If fan engagement trends reignite, $CHZ could see significant upside. Still, it should be viewed as a medium-risk play tied more to sports hype cycles than traditional DeFi growth.