Market Performance Overview
Chiliz (CHZ), the native token of Socios.com's blockchain-based fan engagement platform, witnessed a 17.9% price surge in the past 24 hours, reaching $0.162. Key metrics include:
- 24-hour trading volume: $120 million
- Market capitalization: $1.077 billion (Ranked #43 among cryptocurrencies)
- Circulating supply: 6,661,685,477 CHZ
Price Fluctuations
| Time Frame | Change |
|---|---|
| 1 Week | +5.10% |
| 1 Month | +29.01% |
| 3 Months | -49.04% |
| 6 Months | -7.46% |
| Year-to-Date | +38.44% |
About Chiliz and Socios.com
Founded in 2018, Chiliz powers Socios.com, the first tokenized fan influence platform for sports and entertainment. The Malta-based company bridges the gap between active and passive fans through "Fan Tokens," enabling clubs like FC Barcelona and Paris Saint-Germain to engage global audiences.
👉 Discover how blockchain is revolutionizing sports fandom
Industry Context
Recent cryptocurrency market developments:
- Investor sentiment: 70% of surveyed investors reportedly avoid crypto in 2025
- Regulatory shifts: SEC's increased scrutiny of altcoin trading platforms
- Market trends: Bitcoin's 50% rebound since November lows contrasts with bearish predictions
FAQ: Understanding CHZ's Surge
Q: What drives CHZ's price volatility?
A: As a utility token, CHZ's value correlates with Socios.com adoption, club partnerships, and broader crypto market trends.
Q: How do Fan Tokens work?
A: Teams mint limited-edition tokens granting voting rights on club decisions (e.g., jersey designs), creating scarcity-driven value.
Q: Is CHZ a good long-term investment?
A: While the fan engagement model shows promise, investors should assess tokenomics and the competitive landscape of sports-related digital assets.
Q: What risks should CHZ investors consider?
A: Regulatory changes in crypto/sports sectors and dependence on club partnerships pose potential challenges.
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Technical Outlook
The token's recovery from its 3-month low (-49%) suggests renewed market confidence, though traders should monitor:
- Key resistance at $0.17 (recent high)
- Support level at $0.1371 (24-hour low)
- Trading volume sustainability
Disclaimer: Cryptocurrency investments carry high risk. Conduct thorough research before trading.