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One of the top gainers today on Crypto.com is Chiliz (CHZ), it’s currently on a bull run testing its previous all time high of $0.58.<\/strong><\/p>\n At the time of writing CHZ is trading at $0.52 boasting a market cap of over $3b. Let’s take a closer look at Chiliz and see what all the hype is about.<\/p>\n According to their official website, Chiliz is:<\/p>\n The world\u2019s leading blockchain fintech provider for sports & entertainment<\/p>\n<\/blockquote>\n The Chiliz network currently powers Socios.com – a platform tailored towards esports and sports fans that allows them to crowd-manage and support their favorite teams.<\/p>\n CHZ is the currency used on the Socios.com platform that allows users to exchange $CHZ into their favorite team Fan Tokens. These tokens never expire and can be used to vote on official team. The teams will abide by the popular vote, allowing a form of crowd governance by their fans.<\/p>\n The most relevant news to today’s $CHZ bull run has to be last night’s announcement about a partnership with more than 80 sports properties. In a recent tweet, Chiliz CEO Alexandre Dreyfus said:<\/p>\n More than 80 sports properties announced partnerships with @chiliz x @socios, more than +100 already signed. While improving our product and starting to prepare a global marketing campaign, we focus on building a leading new fan ecosystem (engagement x monetization). #innovation pic.twitter.com\/mZKOL6IyDH<\/p>\n — Alexandre Dreyfus (@alex_dreyfus) November 6, 2021<\/p>\n<\/p>\n “More than 80 sports properties announced partnerships with @chiliz x @socios, more than +100 already signed.”<\/p>\n<\/blockquote>\n This is a huge announcement as onboarding such a wide variety of sports teams is bound to spark traffic and engagement on the platform.<\/p>\n Looking at Socios.com’s Alexa rank, we can see that traffic to the site has been increasing over the past month, which coincides with a rise in market value for $CHZ.<\/p>\n It’s clear that Chiliz biggest milestone in the short term is $0.58, that’s because $0.58 was CHZ’s last all time high that was reached on October 30th.<\/p>\n Since then, the market has been mostly trading sideways between the $0.43 and $0.48 levels. Amid the partnership announcement, we saw the price jump to $0.53 as investors got excited.<\/p>\n If the market breaks past $0.58, we can anticipate a test of resistance at $0.6 shortly after. Whether the new support will hold will depend on if the $1b+ 24 hour trading volume can be maintained.<\/p>\nWhat Is Chiliz?<\/strong><\/h4>\n
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<\/p>\nWhy Is Chiliz Price Rising?<\/strong><\/h4>\n
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<\/p>\nChiliz Price Analysis & Prediction<\/strong><\/h4>\n