ChiliZ: A bridge between cryptocurrencies and sports
The emergence of financial technologies (or fintech) was a revolution that challenged the established order of things. The main competitive advantage of fintech over traditional methods and services is speed and efficiency. This direction is based on blockchain technology, and cryptocurrencies are new exchange tools designed to replace or at least become an addition to fiat currencies.
As it develops, fintech penetrates into many areas and industries that were previously considered the patrimony of traditional approaches and tools. The specialized tokens that have appeared in recent years have satisfied the needs of many markets. The ChiliZ token (CHZ) has become a symbol of a platform that opens up new opportunities for sports fans.
Sports fans are a very large audience
Football, baseball, rugby, basketball, hockey, tennis, golf and many other sports have long been a serious business in the United States and around the world. In 2021, the total volume of the sports market was about $ 440.77 billion, and by 2025 it could reach $599.9 billion. North America is a key region in the global sports arena.
Sport, with all its training and entertainment components, is becoming more and more accessible to people around the world. At the beginning of 2022, thousands of spectators will attend the Winter Olympic Games in Beijing to cheer for their country and athletes who will compete for sets of medals in a variety of sports. The American Football Super Bowl, basketball championships, the Baseball World Series, the Stanley Cup in hockey, and the Football World Cup have become synonymous with success. Millions of athletes dream of competing for titles, but only a few will rise to the podium.
A token based on the Ethereum blockchain
ChiliZ (CHZ) is the digital answer to the world of sports. It is used by fans of leading sports teams to buy tokens in the app Socios.com . CHZ is also traded on the Coinbase and Binance exchanges.
According to the project’s website, CHZ:
“is an ERC20 service token deployed on the Ethereum blockchain, which serves as a digital currency for the ChiliZ and Socios.com “.
CHZ is a “token of fans”, giving them advantages, as well as providing additional opportunities for teams and clubs to interact.
The elite of the digital world
At the time of writing, there were 15,615 digital currencies, and CHZ occupied the 73rd line of this rating, entering the top 0.50%. The market capitalization of CHZ at a price of 29.43 cents per token is $ 1.76 billion, which is more than 0.76% of the entire market, estimated at $ 2.136 trillion.
The issue of CHZ is limited to 5,955 billion tokens. On December 14, the owners were replaced by CHZ tokens worth about $ 218 million.
Solid growth since mid-2019
CHZ attracts the attention of sports fans from all over the world, and it has every chance of further growth. The price dynamics of the currency was mainly “bullish”. A series of rising lows and highs has been forming since its debut in July 2019.
According to the chart, CHZ tokens started at 1.6 cents and reached a maximum of 77.39 cents by April 15, 2021 (the day after the listing of Coinbase Global (NASDAQ:COIN) on NASDAQ). In recent months, the currency has suffered from a large-scale sale of the entire sector, dropping to 27.25 cents by December 14. However, despite these losses, CHZ is still trading significantly above the July 2019 levels.
Invest only the amount you are willing to lose
CHZ is the leading cryptocurrency of the sports segment. With excellent growth opportunities, CHZ is sure to enjoy growing interest in the coming years.
However, as with other cryptocurrencies, invest only the capital that you are willing to lose. The incredible profit potential comes with the risks of losing everything.
CHZ is an exciting concept that can attract fans and teams to the digital segment. The market capitalization of CHZ makes it a good asset for traders and investors, since the critical mass of liquidity allows transactions to be made in a narrow spread between the prices of sellers and buyers. CHZ embodies the sporting spirit, giving the opportunity to experience the joy of victory or the bitterness of defeat.