CHZ, not Chiliz, could bear some good news amid bailout for FTX-affected users

Chiliz founder brings up project plans to help some of its users affected by the FTX collapse Founder confirms the move resulted from the 37 million CHZ allegedly hacked from the exchange; CHZ volume, and network growth spikes  Chiliz CHZ users who held the token on the now-collapsed exchange, FTX, might receive compensation from the

Timeline of Chiliz

The Chiliz price reverted thrice from diverging trendlines of the megaphone pattern, indicating the traders strictly respect its trading set-up. Furthermore, the altcoin has recently bounced back from the support trendline and triggered a new bull cycle.

Here are three potential contenders: Stellar (XLM), an open-source decentralized payments network, Chiliz (CHZ) which offers fans tokens in top sporting clubs and organizations and Orbeon Protocol (ORBN) a comprehensive new investment platform currently in Phase 2 of its presale.

The founder of Chiliz is allocating 38 million CHZ to individual users who could not withdraw their funds from FTX. Users can now receive compensation of up to $10,000 as part of this initiative.

The Chilliz coin price shows the formation of a megaphone pattern in the daily time frame chart. The coin price retested the pattern's expanding trendline thrice, indicating the trades are following with pattern.

The liquidity crisis at FTX has been the cause of one of the worst market crashes in the history of the cryptocurrency industry. As a result, the prices of many alternative cryptocurrencies (altcoins) traded on crypto exchanges have seen much price volatility over the last week.

Chiliz confirmed that its new Proof-of-Staked-Authority chain was in its testnet phase. The recent market correction caused the price of CHZ to rally and put many of its holders in profit.

After recording losses in the recent period, cryptocurrency prices saw some rebound this morning, with prices for Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, moving above the $17,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the $1,300 mark on Friday.

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.

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.