Chiliz (CHZ) Triples in Price Since June Lows: Biggest Weekly Gainers

BeinCrypto takes a look at the five cryptocurrencies that increased the most last week, more specifically, from Aug 19 to 26. The post Chiliz (CHZ) Triples in Price Since June Lows: Biggest Weekly Gainers appeared first on BeInCrypto.

Timeline of Chiliz

Crypto analytics platform Santiment is expressing bullishness on one Ethereum-based token that has already rallied by triple-digits. Santiment says that the utility token of sports fan engagement platform Socios.com, Chiliz (CHZ), is set to continue rallying as whale activity surrounding it hits a five-month high.

Chiliz [CHZ], the social engagement fan token, has been witnessing massive growth since last week. Especially, since the CHZ  founder, Alexandre Dreyfus, gave a glimpse of CHZ 2.0.

Chiliz has burst through to the limelight by helping entertainment and sports firms with blockchain-backed tools to allow them to monetize their viewership. The subscription is the access link through which fans obtain voting rights and early tickets.

NEXO (NEXO/USD), Helium (HNT/USD), and Waves (WAVES/USD) are some of the best tokens to get throughout August. Nexo announced that they are fully supporting the Ethereum (ETH/USD) Proof-of-Stake (PoS) era, and in the event of a Proof-of-Work (PoW) fork, they will evaluate the logistics and support for distribution.

Chiliz (CHZ) emerged as the top gaining crypto among the biggest 100 digital assets amid the recent downturn. CHZ is riding high on metrics as its price has surged by over 130% over the past 30 days.

Chiliz, one of the most popular NFTs had faded soon after reaching its highs. However, since the platform has announced the release of a public testnet called ‘The Scoville' for Chiliz Chain 2.0, the CHZ price has been impacted significantly. The Chiliz Chain 2.

Most times, many cryptocurrencies follow the Bitcoin [BTC] trend when the price plunges. It was almost the same between 17 August and 18 August when the latest capitulation happened as BTC fell from $24,000.

Fan token platform Socios.com on Thursday said it has gained regulatory approval in Italy as a service provider of virtual currencies and digital wallets. It will enable the firm to further boost its fan engagement and rewards platform in the key market.

Flux (FLUX/USD), Chiliz (CHZ/USD), and Injective (INJ/USD) are some of the best cryptocurrencies that you can buy in August.  FLUX has been gaining in value recently due to the fact that mining rigs can be utilized to essentially mine the cryptocurrency.

Chiliz (CHZ) has broken out from long- and short-term resistance levels, and the wave count suggests that a bottom has been reached. The post Chiliz (CHZ) Breaks Out From Long-Term Bullish Pattern, Next Major Resistance at $0.41 appeared first on BeInCrypto.