Disclaimer: The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices.
Chiliz (CHZ), in particular, has seen a boost in popularity as a direct consequence of the increasing demand for fan tokens caused by supporters’ preparations for the FIFA World Cup 2022.
In particular, the number of votes cast by CoinMarketCap members using the platform’s Price Estimate feature demonstrates the belief of the crypto community that Chiliz would be trading at a median price of $0.2035 on December 31, 2022, according to the data retrieved on November 11.
Specifically, these results stem from the 327 votes cast on the platform by press time and represent a decline of the decentralized finance (DeFi) asset’s price by $0.02154 or -9.57% compared to its current price.
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Based on the previous predictions over the last four months, the voters have had a 88.7% accuracy of predicting the median price of CHZ token, while the data collected over the 6 months shows a historical accuracy of 65.14%.
CHZ chart and technical analysis
Currently, CHZ is changing hands at $0.2266, up 28.69% in the last 24 hours, according to data retrieved by Finbold from CoinMarketCap. It is possible that Chiliz might see a pre-pump on CHZUSDT following the Mainnet 2.0 launch.
Meanwhile, the market worth of Chiliz is $1.36 billion, meaning it increased by $300 million in just last 24 hours from when it was at $1.06 billion.
Elsewhere, CHZ’s technical analysis (TA) indicators on the 1-day scale look positive. The summary gauge is a ‘buy’ zone at 14, while the moving averages point to a ‘buy’ at 12. Meanwhile, the weekly oscillators are not refusing to budge from their ‘neutral’ position, with 8.
Will CHZ crash after the World Cup?
On November 20, Qatar will play host to the commencement of the FIFA World Cup 2022, and already, 9 days before the event, international sides and supporters have begun ramping up their activities.
Chiliz is a tokenized voice platform with the goal of empowering sports fans and making it easier for them to take control of the esports teams, leagues, and events they care about most. As the 2022 FIFA World Cup draws near, it is expected that CHZ and other similar tokens would outperform altcoins and meme currencies.
Since the network is growing the notion that CHZ would significantly drop once traders complete profit-taking and the football excitement slows down is debatable.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
