Chiliz Price Prediction 2022-2026- Will the Price of CHZ Hit $0.8 by the end of 2022?
Socios.com is the platform that is used by Chiliz (CHZ) developers to enable fans to purchase unique Fan Tokens from sports teams they support around the world.
Some of the biggest and most renowned sports teams in the world including Arsenal, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, Chelsea and others launched their fan token on the Chiliz blockchain.
What is Chiliz (CHZ)?
Chiliz is a currency option for blockchain-backed products and services geared towards mainstream consumers and the organizations they support. Chiliz provides sports and entertainment entities with blockchain-based tools to help them engage & monetize their audiences.
With Chiliz (CHZ), fans have the right to vote in decision-making of their club and also contribute players to buying. Fans that own a lot of the Fan tokens of a sports team can be given a Very Important Person (VIP) right in the club.
Chiliz was founded in 2017 by Alexandre Dreyfus.
Some of the top cryptocurrency exchanges for Chiliz (CHZ) are Binance, Kucoin, Gate.io, Bithumb, Huobi Global, Bitfinex, Coinbase Exchange, FTX and others.
Now, we shall look at the price analysis of Chiliz (CHZ) for the coming years.
Price Analysis of Chiliz (CHZ)
Flashback: Fundamental Analysis of Chiliz (CHZ)
The official Medium page of Socios.com noted on April 5th, that it will be launching a mobile game for fan token holders. This development has increased the awareness for the CHZ token as the Socios.com application has received over 1.6 million downloads from users from over 130 nations around the world. Fans will be able to earn rewards from the game.
Also, with the news that Lionel Messi is now an official ambassador of Socios.com, the awareness of the Chiliz token is increasing. This is due to the over 300 million followers of the football icon on Instagram.
In addition, the Chiliz team is gaming accepted in the football world as UEFA February has now registered Socios.com as its official Fan Token partner. This has increased the number of football teams and fans' awareness of the CHZ coin.
Furthermore, the expected launch of Chiliz Chain 2.0 (CC2) will be a game-changer in the industry. This is because of the expected increased adoption of CHZ since it will allow developers to launch digital non-fungible tokens (NFTs), and fan tokens in the Web3 platform.
Now, we shall look at the charts in this Chiliz (CHZ) price analysis.
https://www.tradingview.com/x/ISzrJRSP/
From the chart above that shows the key levels for CHZ/USDT 1day chart, we can observe that the price might plummet to $0.24 at resistance1 level before surging to $0.35 at resistance2 level. This is due to the possible formation of triple bottom at resistance 1 level.
https://www.tradingview.com/x/KV0uLneZ/
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for CHZ/USDT, we can deduce that the price of CHZ might get bullish in some days since the price is consolidating at the first half of the channel from the top.
https://www.tradingview.com/x/OyEmuV2s/
The relative strength index (RSI) is used to measure if a trend is strong, weak, overbought, or oversold. The value ranges from 0 to 100. Since the RSI value of CHZ is 60.71, it means that the present trend is strong. Hence, the price of Chiliz might follow the direction of the present candlestick which is bullish.
Now, we shall consider the price prediction of Chiliz (CHZ) for the next five years.
Chiliz (CHZ) Price Prediction for 2022
The price of Chiliz (CHZ) will be at least $0.8 by the end of the last quarter in 2022. This is due to the recent bullish trend of CHZ and its present 30 days yield of 17.5% according to CoinGecko. We should expect it to break the more psychological resistance before the year runs out due to more inflow of investors in the market that had seen the entire cryptocurrencies market worth over $2 trillion.
Chiliz (CHZ) Price Prediction for 2023
The price of Chiliz will trade at least $5 by the fourth quarter of 2023. This is if it is able to hold a relative strength index that is at least 60 by the end of the third quarter of 2023.
Chiliz (CHZ) Price Prediction for 2024
The price of Chiliz will be at least $8 by the end of December 2024. This is due to expected upgrades and partnerships in the Chiliz blockchain so as to maintain its competitiveness in the market.
Chiliz (CHZ) Price Prediction for 2025
The price of Chiliz will be $13 by the end of the last quarter of 2025. This is due to more adoption of CHZ due to the inflow of more developers that uses the Neo smart contract as a result of its high speed and low cost for transactions.
Chiliz (CHZ) Price Prediction for 2026
The price of CHZ will be $20 by the end of the last quarter of 2026 as a result of increased market capitalization. This will be due to a positive outlook and forecast for top cryptocurrencies like Bitcoin and Ethereum since most of the markets move in the direction of the trend.
We shall now look at different media houses' price predictions for Chiliz (CHZ).
CHZ Price Prediction: Market Sentiments
Wallet Investor
According to Wallet Investor, the price of CHZ will reach $0.48 by next year and $1.39 in five years' time. This is due to the results of the long-term forecast for the coin that gave over 290% returns in the next five years.
DigitalCoin
According to DigitalCoin, the price of Chiliz (CHZ) will reach $0.26 in 2022 and $0.88 in 2030. The coin is expected to rise by over 278% in the next eight years according to their long-term forecast analysis.
CoinQuora
According to CoinQuora, the price of CHZ will reach $1 in 2022 and $10 in 2026. The coin is expected to rise by over 1000% in the next four years according to their long-term forecast analysis.
Our Chiliz (CHZ) Price Prediction
By the end of 2022, 2023, 2024, 2025, and 2026 the price of CHZ might trade at least $0.8, $5, $8, $15, and $20 respectively.
Conclusion
From the fundamental analysis and the market sentiment around Chiliz (CHZ), we can deduce that all analyses are of the opinion that CHZ would be bullish in the future which will be rewarding for long-term investors.