Chiliz Hot Streak Sees CHZ Notching 13% Rally Ahead Of Chain 2.0 Launch

Christian Encila

1 year ago

3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Chiliz is shaking up the sports and entertainment industry with its innovative use of cutting-edge digital assets to elevate fan experiences. At the core of this revolutionary ecosystem lies CHZ, the native token that fuels popular platforms such as Socios.com, ChilizX, and the highly anticipated Chiliz Chain 2.0.

The upcoming public launch of their layer 1 blockchain on May 10 has already resulted in a surge in CHZ’s popularity. As the token’s momentum builds, the question on everyone’s mind is: how high can CHZ’s value soar in the months to come?

Chiliz Chain 2.0: The Next Step in Blockchain Evolution

Chiliz is ushering in a new era of blockchain technology with the launch of Chiliz Chain 2.0 – a fork of the BNB Chain that operates on a proof-of-stake authority (PoSA) consensus mechanism.

This groundbreaking technology allows for shorter block times, reduced fees, and lower energy consumption. Moreover, the new chain remains compatible with Ethereum and is powered by the native CHZ token.

Public launch of the new Sports Blockchain_
𝐓𝐡𝐞 𝟏𝟎𝐭𝐡 𝐨𝐟 𝐌𝐚𝐲 🔒#ChilizBlockchain ⚡️ $CHZ pic.twitter.com/xNHnCfriin

— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) March 28, 2023

Since the announcement of the launch, the hype surrounding Chiliz Chain 2.0 has caused a surge in the value of CHZ. According to Coingecko data, CHZ is currently trading at $0.1360, representing a 24-hour rally of 7% and an impressive seven-day increase of 13%. With the launch of this game-changing blockchain, the sky’s the limit for the future of CHZ.

Source: Coingecko

CHZ: Beyond Fan Tokens

Chiliz has become a major player in the fan token frenzy, providing specialized cryptocurrencies for popular sports teams like Arsenal, Manchester City, and Paris Saint-Germain, among others. These tokens enable fans to participate in team decisions, such as voting on new uniforms and stadium names.

But Chiliz isn’t content with just fan tokens. To attract new partners to its ecosystem, the sports-centric crypto project announced a $50 million incubator on March 1, backed by Jump Crypto.

The objective of the incubator is to allocate funds towards promising Web3 startups in the sports and entertainment industries, which can leverage the Chiliz Chain for their projects.

CHZUSD pair trading at $0.136100 on the daily chart at TradingView.com.

Chiliz is not resting on its laurels when it comes to expanding its ecosystem. Currently, eight to ten projects are already in the works, with plans to build on the Chiliz Chain network. Additionally, the company is investing in other enterprises to expand its influence in the sports and entertainment sector.

One such investment is the acquisition of a 20% stake in MatchWornShirt, an auction site for player jerseys. The company will now use blockchain technology to authenticate the items, making it a valuable addition to the Chiliz portfolio.

With its sights set on innovation and growth, Chiliz is positioning itself as a leader in the rapidly evolving world of sports and entertainment technology.

-Featured image from Wikimedia Commons

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.