Chiliz Drops to Monthly Low Despite FIFA World Cup Incoming

The FIFA World cup is around the corner, and the anticipations are high for the Chiliz ecosystem. But it is still trading at a monthly low The post Chiliz Drops to Monthly Low Despite FIFA World Cup Incoming appeared first on BeInCrypto.

Timeline of Chiliz

Following the market downturn on 8 November, Chiliz [CHZ] broke out of a rising wedge to suffer a 17%  price decline in the last 24 hours Buying pressure declined significantly on a daily chart as sellers controlled the market Most CHZ holders incurred losses on their investments in the past 24 hours At the time

The number one sports altcoin, Chiliz has been chilling with impressive gains this past week. Although it has traded in the red zone for most of today, CHZ still holds over 30% gains from the last seven days.

Can the 20/50 EMA bullish crossover support Chiliz's bullish efforts in the coming days? The altcoin saw a decline in daily active addresses but maintained a relatively high market cap dominance.

Not so long ago, we highlighted why November was an important month for Chiliz and CHZ by extension. A look at CHZ's performance in the first week of the month confirmed that investors have been capitalizing on opportunities.

The dawn of the alt season in the bygone year had pumped the majority of Ethereum-based tokens. Chiliz was one of the innovative projects, which was occupied with impeccable pricing action throughout the year. Successively, marketers are still keen on developments around Chiliz, and investors are curious about Chiliz's (CHZ) price prediction for 2022–2025.

BeInCrypto takes a look at five projects that beat the crypto market last week, more specifically, from Oct. 28 to Nov. 4.  The post DOGE, AR, LRC, OKB and CHZ Lead the Charge in Crypto Market Rally appeared first on BeInCrypto.

Chiliz (CHZ/USD) has experienced an increase in popularity and value as communities prepare for the FIFA World Cup 2022. Chiliz is a cryptocurrency created for sports and entertainment, where every sporting organization can utilize its network to create fan tokens.

The crypto market is buzzing again with activity, and several digital assets have stood out for their massive profitability opportunities. This article reviews the best coins investors can buy today.

The last time we looked into CHZ, we highlighted the potential for a rally as it approached November. Fast forward to the present and the digital coin already delivered a strong upside by 47% from its October lows to recent highs.

A widely followed crypto analyst is forecasting potential rallies in XRP and another Ethereum-based altcoin from the social token space. The pseudonymous analyst known as Altcoin Sherpa tells his 186,000 Twitter followers that XRP is forming a decent base for a rally as long as Bitcoin (BTC) can hold steady.