NFT boom triggers parabolic rallies in Chiliz (CHZ) and Flow
The growing popularity of NFTs and the improving infrastructure supporting the nascent market has resulted in triple-digit rallies from Chiliz, Flow and Basic Attention Token. Strong hands view a correction in an uptrend as a buying opportunity and data from CryptoQuant shows that Bitcoin (BTC) whales have been buying near $48,000. This activity can be seen in the large Coinbase outflows, most of which went to custody wallets and this suggests that the institutional investors believe the Bitcoin rally has room to run. Even Kraken CEO Jesse Powell is ultra bullish on Bitcoin. In a recent....
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When Bitcoin rallies, it historically has gone parabolic and blasted off to astronomical prices before each cycle peaks. Recently, rallies have been few and far between, cutting the price per coin down to around $33,000 at the local low. The plummet, however, fell short of tagging a “parabolic” indicator and it could mean that the local bottom is in. Here is more about the Parabolic SAR, the potential signal, and other supporting evidence that the bottom might already be in. Parabolic Uptrend Intact, Says Indicator With 95% Confidence Rate Bitcoin price has repeatedly gone....
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....
Chiliz $CHZ – the digital currency for sports and entertainment – has announced listings on the Bitcoin.com Exchange, HitBTC and Changelly platforms. Chiliz is the on-platform currency of fan engagement platform Socios.com, which is built on the Chiliz blockchain infrastructure. Socios.com allows sporting and entertainment organisations to....
The success of the AC Milan Fan Token launch and plans to expand to the United States support Chiliz's 1,000% rally over the past month. Nonfungible tokens (NFTs) and decentralized finance (DeFi) are two of the hottest concepts in the crypto sector, and each is altering the way projects and companies interact with the public on a wide scale. One project that is looking to apply these concepts into a framework for sports fan engagement is Chiliz, a blockchain platform created by the Socios fan engagement platform. The project is designed to allow fans to purchase branded Fan Tokens that let....
Bitcoin every four years post-halving goes parabolic and rises to a new all-time high. The ebb and flow of these cycles each time attracts new money and participants to the cryptocurrency network and keeps adoption growing. Timing when to sell is the hardest part, but knowing when to buy BTC at the best possible prices […]