Chiliz (CHZ) stands as a prominent cryptocurrency token built on the Ethereum platform, launched in 2017. It serves as the digital currency for the Chiliz ecosystem, primarily powering the Socios.com platform where fans can engage with their favorite sports teams through voting rights and rewards. This article provides a detailed overview of CHZ's market performance, technical indicators, and essential metrics.
Current Market Overview
As of the latest data, Chiliz (CHZ) is trading at $0.0358, reflecting a decrease of 3.67% over the past 24 hours. The opening price was recorded at $0.0366, indicating a 2.31% decline since the market opened. After a brief recovery to $0.0367, the price faced resistance and failed to sustain upward momentum.
Compared to the highest price recorded over the past 30 days, CHZ has decreased by 12.67%, while it has increased by 16.23% from the lowest point in the same period. The 24-hour trading volume stands at $20,160,673, which is notably higher than the average trading volume of $8,703,380 for other cryptocurrencies launched in 2018.
Key Statistics
- Circulating Supply: 9,206,791,217 CHZ
- Market Capitalization: $329,529,510
- Ranking: #136 among cryptocurrencies
- All-Time High: $0.7444 (a decline of 95.19% from this peak)
- 52-Week Range: $0.0308 to $0.1425
CHZ is actively traded on 61 exchanges, providing ample liquidity and accessibility for investors. The fully diluted valuation (FDV) is calculated based on the total supply multiplied by the current price, offering insights into potential market capitalization if all tokens were in circulation.
Technical Analysis and Indicators
Technical analysis helps traders make informed decisions by evaluating market trends and momentum. Below are key indicators for CHZ:
Momentum Oscillators
- RSI (14): 54.82 (Neutral)
- Commodity Channel Index (20): 57.28 (Neutral)
- Williams Percent Range (14): -24.76 (Neutral)
- Ultimate Oscillator: 53.14 (Neutral)
- Average Directional Index (14): 53.14 (Sell)
Moving Averages
- SMA (10): 0.0350 (Buy)
- EMA (10): 0.0356 (Buy)
- SMA (20): 0.0350 (Buy)
- EMA (20): 0.0359 (Sell)
- SMA (30): 0.0360 (Sell)
- EMA (30): 0.0366 (Sell)
Longer-term moving averages, including SMA (50) to EMA (200), consistently indicate sell signals, suggesting bearish trends in higher timeframes.
Market Dynamics and Performance Metrics
Return on Investment (ROI)
- 3-Month ROI: -13.99%
- 6-Month ROI: -60.97%
- 12-Month ROI: -46.64%
Volatility
- 3-Month Volatility: 36.78%
- 6-Month Volatility: 58.58%
- 12-Month Volatility: 88.20%
The maximum drawdown recorded for CHZ is -96.51%, indicating significant risk during market downturns. However, the coin has shown resilience with consecutive profitable days accounting for 50.18% of the observed period.
Blockchain Activity
- Transactions (24h): 292
- Average Transactions per Hour: 12.17
- Token Holders: 144,502
- Token Transfers: 1,134,259
The top 100 addresses hold 8,097,602,722 CHZ, valued at approximately $289.8 million, representing 91% of the total supply. This concentration suggests that large holders, potentially including exchange wallets, play a significant role in market movements.
Wealth Distribution Analysis
Wealth distribution provides insights into market concentration and potential centralization risks:
| Holder Rank | Holdings | Percentage |
|---|---|---|
| 1-10 | 6,495,139,755 | 73.07% |
| 11-100 | 1,596,955,578 | 17.97% |
| 101-1000 | 532,322,803 | 5.99% |
| Others | 264,470,752 | 2.98% |
The top 10 addresses control over 73% of the total supply, highlighting significant wealth concentration. This is common in cryptocurrencies, where exchanges and early investors hold substantial stakes.
Practical Applications and Use Cases
Chiliz is integral to the Socios.com platform, enabling fans to purchase branded fan tokens for their favorite sports teams. These tokens grant voting rights on club decisions, access to exclusive rewards, and enhanced fan engagement. Major football clubs like FC Barcelona, Juventus, and Paris Saint-Germain have partnered with Chiliz, broadening its adoption.
The token's utility extends beyond sports, with potential applications in entertainment, e-sports, and other interactive communities. This real-world use case supports its long-term value proposition, despite short-term market volatility.
For those interested in exploring dynamic market tools and real-time analysis, discover advanced trading strategies to enhance your investment approach.
Frequently Asked Questions
What is Chiliz (CHZ) used for?
CHZ is the native cryptocurrency of the Chiliz ecosystem, primarily used on Socios.com to buy fan tokens for sports teams. These tokens allow holders to participate in polls, access exclusive content, and earn rewards, creating a bridge between fans and their favorite clubs.
How does Chiliz compare to other fan tokens?
Chiliz pioneered the fan token concept, partnering with major sports entities globally. Unlike generic cryptocurrencies, CHZ has a focused use case in entertainment and sports, offering tangible benefits rather than just speculative value. This niche focus differentiates it from broader market tokens.
What factors influence CHZ's price?
CHZ's price is influenced by overall crypto market trends, adoption rates of Socios.com, new partnership announcements, and broader macroeconomic factors. Sports events and team performances can also cause short-term volatility due to increased fan engagement.
Is Chiliz a good long-term investment?
While CHZ has shown significant volatility, its unique positioning in the sports and entertainment industry provides a steady use case. Long-term value depends on widespread adoption of fan tokens and the growth of the Socios.com platform. Investors should assess risk tolerance and market conditions.
How can I store CHZ securely?
CHZ is an ERC-20 token, compatible with most Ethereum wallets. Hardware wallets like Ledger or Trezor offer high security, while software wallets like MetaMask provide convenience for frequent transactions. Always ensure private keys are stored offline for maximum safety.
Where can I buy Chiliz?
CHZ is available on major cryptocurrency exchanges such as Binance, OKX, and others. Explore reliable platforms to compare fees, liquidity, and security features before making a purchase.