Chiliz Price Prediction – CHZ Shoots Up 4%, $1 Incoming During World Cup?
Chiliz price is preparing for a showdown ahead of the 2022 World Cup in Qatar. The world's leading blockchain and fintech provider for Sports and Entertainment token has recovered a great deal following the FTX contagion. Since support at $0.145 was respected, CHZ has sustained movement to the upside while holding firmly to an ascending trend line.
The FIFA World Cup Qatar 2022 will kick off on November 20, 2022. Thirty-two teams that qualified for one of the world's biggest sports competitions will compete across 64 matches. Sport utility tokens like CHZ are expected to be in the spotlight over the next month. Already Chiliz is up 4% on the eve of the first game pitting the Qatar football team against Ecuador.
Despite the liquidity crisis that continues to stifle the crypto market's recovery, CHZ accumulated 8.7% gains over the last 24 hours. While most cryptos erased their progress in October, Chiliz boasts 47.5% in total accrued gains over 30 days.
The biggest question is whether Chiliz price will sustain a positive outlook during the FIFA World Cup 2022. Insight from on-chain data reveals that the crowd is already in high anticipation. There was a major uptick in the number of mentions surrounding Chiliz (CHZ) and its related products. Many people are discussing the project – a factor that could keep Chiliz price trending higher.
The uptick in social interest has also been reflected among CHZ holders. Addresses with 10,000 and 100,000 tokens have grown to 21,185 from 19,862 on November 1. A similar bullish pattern can be spotted among addresses with between 100,000 to 1,000,000. This cohort boasts 944 addresses from 857 over the same period.
From the chart below, Chiliz price can be seen trending in tandem with the
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