Latest News

The blockchain-powered sports fan token launched its own layer 1 decentralized network on Tuesday.Chiliz's L1 chain is compatible with the Ethereum Virtual Machine program, allowing developers to broadcast smart contract codes on Ethereum's blockchain.The protocol's token CHZ pumped as high as 20% on the news. Blockchain sports coin Chiliz announced the launch of its brand new layer 1 decentralized chain aimed at driving growth around non-fungible tokens (NFTs) and on-chain gaming tied to reach world sports franchises.

Chiliz has alerted the developers and brands on its fifth anniversary that the validation of the exclusive blockchain has been accomplished.

Chiliz, the blockchain-based sports token that allows fans to own tokens tied to respective teams, has validated the genesis block of its new layer-1 blockchain.

It's a divergent market in the crypto sector today.

According to the Official Chiliz [CHZ] Twitter page, it will launch an NFT collection in less than 48 hours from press time. For context, the Scoville NFT collection forms a part of the project's plan to move to the Chiliz Chain 2.0.

The Chiliz [CHZ] network was in the midst of a major network upgrade at press time. According to an update by founder Alexandre Dreyfus on 26 January, Chiliz 2.0 would introduce various positive changes.

Alexandre Dreyfus highlighted several features new chain will present

The global cryptocurrency market cap stands at $1.05 trillion, representing a 0.19% increase in the last day. As the cryptocurrency market continues to rally, altcoins are posting incredible gains.

The crypto winter is upon us—thousands, even millions of investors, have been in the red for months with no relief in sight.

Literally millions of dollars are being poured by crypto whales into these 3 altcoins. If you have been in crypto for a while you already know that “Whale accumulation” is followed by massive price pumps.

Chiliz faced rejection at the $0.1275 mark in December and continued its freefall to reach the local low at $0.097 in late December. Since then, Chiliz has gradually climbed higher.

Roughly one week ago, AMBCrypto looked into Chiliz [CHZ] after it demonstrated signs of a potential retracement. However, the market took a different turn this week after the recent Bitcoin [BTC] rally, which subsequently triggered an extension of CHZ's rally.

The crypto markets have been fueled with significant bullish momentum for the past few days that has ceased the bearish impact to some extent. While they may certainly continue to haunt the rally, some of the altcoins flash acute bullish signals and range heavily in the coming days.

Chiliz [CHZ] remained popular among whales as it was one of the top 10 purchased tokens among the 500 biggest Ethereum whales, as per a WhaleStats tweet on 10 January.

Chiliz (CHZ) started off 2023 by putting together a 20% increase in its value during the first five days of the year. This strengthened the hopes of the holders of the crypto that it might have a strong bullish rally this year as opposed to the consistent downtrend it had experienced over the last two months.

Investors holding Chiliz's native token CHZ have been expecting a strong recovery this month after its crash in the last two months. The latest WhaleStats alert might reinforce this expectation but recent on-chain observations may crush those hopeful expectations.

The Chicago Mercantile Exchange (CME) announced the launch of reference rates for Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA) on Jan.30.

The move to provide the three new metaverse reference rates comes off as a unique contribution by the CME Group and CF Benchmarks to help with the evolution of the Web 3.0 ecosystem.

The first week of the new year brought some respite as altcoins including Chiliz [CHZ] registered value increases. Between 4 January and the early hours of 5 January, the sports fan token was up 10%.

Chiliz has been in the grip of the bears since 21 November. It fell beneath the lows of a four-month range in early December.

As Chiliz puts the last touches on the Chiliz 2.0, Upbit welcomes seven well-known soccer club cryptos.

Chiliz [CHZ] recently found favor with top Ethereum [ETH] whales as the altcoin momentarily flipped Shiba Inu [SHIB] as the most traded token by this cohort of investors, data from WhaleStats revealed.

The crypto market suffered in 2022, and many cryptocurrencies experienced a decrease in their value. Towards the year's second half, some cryptocurrencies started to regain their value, while others never recovered.  In times like this, it is essential to be careful when choosing cryptocurrencies.

The Chiliz Whale has yet again transferred 20 million CHZ tokens. Will it impact the price in a low-volume market?