Chiliz CHZ/USD has weakened from $0.43 below $0.25 since the beginning of December 2021, and the current price stands at $0.30.
The cryptocurrency market remains under pressure this Saturday; Bitcoin went below the strong support that at $50000, and the price of Chiliz can weaken even more in the upcoming days.
Sports fan engagement platform
Chiliz developed the Socios.com sports fan engagement platform that provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences.
Chiliz is a rapidly growing phenomenon, sweeping across the international sports industry and the most famous sports teams that have branded Fan Tokens include Juventus, Manchester City, F.C. Barcelona, Paris Saint-Germain, Atlético de Madrid, Inter Milan, Arsenal, Roma, OG, CAI & UFC, and lots of others.
Socios.com currently has more than 1.3 million users, while more than a hundred major sporting organizations worldwide have already partnered with Socios.com.
According to the latest news, Chiliz will be the Official Partner of the 2021 Ballon d’Or Awards. Alexandre Dreyfus, Founder and CEO of Socios.com and Chiliz, said:
We are delighted to be partnering with the Ballon d’Or, the most prestigious individual awards ceremony in football, and to be part of a ceremony that has become one of the most anticipated events in the sports calendar.
$CHZ is exclusive on-platform currency, and it is important to say that Fan Tokens bought on Socios.com allow users to influence their teams.
The cryptocurrency market is losing its value this Saturday, the price of Chiliz (CHZ) can easily back below the $0.20 support level, and probably it is not the best moment to buy this cryptocurrency.
From its peak of $69,000, Bitcoin is currently
