Chiliz Social Mentions Hit Highest Level In Last 90 Days – Can CHZ Price Be A...
Recent weeks have seen a dramatic increase in social mentions of Chiliz, data compiled by LunarCrush show. Its token’s 90-day high made it big in the latest social mentions. Market insights tracker LunarCrush cited this figure (9.46k) as one indicator to keep an eye on when considering an investment in Chiliz. The approaching 2022 FIFA World Cup may help explain the increase in social media buzz. This is due to the fact that the CHZ token has a practical application in the realm of sports. Will the increase in social media references lead to an upswing with less than a month until....
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A mix of fundamental, on-chain and technical catalysts has driven the CHZ price to its best levels since April 2022. What's next? The price of Chiliz (CHZ) has surged by approximately 35% week-to-date (WTD) to reach $0.26 per token on Aug. 24. In doing so, the token has outperformed Bitcoin (BTC) and Ether (ETH), which have been wobbling between gains and losses in the same period.CHZ/USD versus BTC/USD and ETH/USD daily price chart. Source: TradingViewHere are the key catalysts that could be behind Chiliz's breakaway rally.CHZ 2.0On Aug. 22, Chiliz founder Alexandre Dreyfus announced....
Increasing volume in Chiliz intraday trades pointed to a likely bullish comeback in the coin’s price. Since the start of trading today, the volume of Chiliz has increased from $395,564,490 to $694,854,345. Market capitalization rose from $1,203,242,510 to $1,222,317,487 as trading volume rose. Increases in both trading activity and market capitalization of this magnitude suggest that a turnaround may be in the works. This could be the case if we believe real-time data. A cup-and-handle pattern appears on the chart, suggesting a possible or current upswing. As a whole, the....
Several altcoins have not only outperformed Bitcoin and Ethereum in the last three months but have also posted impressive gains. The cryptocurrency market overall endured a bad summer on back-to-back pieces of bad news, ranging from Terra's (Luna) —now renamed Terra Classic (LUNC) — collapse to the Celsius Network's liquidity crisis. But some tokens have bucked the downtrend and have actually seen their valuations go up over the summer.Specifically, the last 90 days have seen these so-called alternative cryptocurrencies, or "altcoins," outperforming top coins like Bitcoin (BTC) and Ether....