Chiliz (CHZ) is a digital currency powering the Socios.com platform, where fans can engage with their favorite sports teams through branded fan tokens. Understanding its price movements and historical data is crucial for anyone interested in the sports cryptocurrency niche. This article provides an in-depth look at CHZ's current market status, historical performance, and key metrics.
Current CHZ Market Overview
As of the latest data, CHZ is trading at approximately $0.035771. The token has experienced a decline of around 3.67% in the past 24 hours. With a circulating supply of 8,888,290,622 CHZ, it holds a market ranking within the top 150 cryptocurrencies globally.
Key metrics to monitor include:
- 24-hour trading volume: An essential indicator of market activity and liquidity.
- Market capitalization: Reflects the total value of all circulating CHZ tokens.
- BTC correlation: Currently at 0.33, showing a moderate relationship with Bitcoin's price movements.
- All-time high: CHZ reached its peak price in March 2021.
- Investment return: Despite market fluctuations, it has shown a positive return of +70.34% from its initial offering.
These metrics provide a snapshot of the token's immediate market position and trader sentiment.
Historical Price Performance of CHZ
Analyzing CHZ's historical data reveals its volatility and growth patterns since inception. The token hit its lowest price in September 2019, contrasting sharply with its surge to an all-time high in 2021 during a broader crypto market bull run.
Significant historical milestones include:
- 2019-2020: A period of initial establishment and gradual recognition in the market.
- 2021 bull run: A massive price increase driven by mainstream adoption of fan tokens and major sports partnerships.
- Post-2021 correction: Like many cryptocurrencies, CHZ experienced a pullback but has maintained a dedicated community.
Historical context helps investors understand potential cycles and long-term trends. 👉 Explore more strategies for tracking crypto performance
Understanding Key Market Metrics
When evaluating CHZ or any cryptocurrency, several metrics offer insights into its health and potential.
- Circulating Supply: The number of coins publicly available and trading.
- Trading Volume: High volume often indicates strong interest and can precede price movements.
- Market Cap Dominance: Shows the asset's size relative to the entire cryptocurrency market.
- Volatility Measures: Metrics like 24-hour range and beta against BTC help gauge risk.
Interpreting these data points requires looking beyond raw numbers to understand market sentiment and underlying value drivers.
The Role of Chiliz in the Sports Crypto Ecosystem
Chiliz isn't just another cryptocurrency; it serves a specific purpose in the sports and entertainment industry. The Socios.com platform allows fans to purchase tokens that grant voting rights in club decisions, access to exclusive rewards, and a deeper connection to teams.
This utility-driven model differentiates CHZ from purely speculative assets. Its value is partly tied to the success and adoption of the platform and the fan tokens it hosts. Major partnerships with football clubs like FC Barcelona, Juventus, and Paris Saint-Germain have cemented its position in the market.
Frequently Asked Questions
What is CHZ used for?
CHZ is the native cryptocurrency of the Chiliz blockchain and the Socios.com platform. It is primarily used to purchase fan tokens for various sports teams, enabling holders to participate in polls, access exclusive content, and engage with their favorite clubs.
What was the highest price ever for CHZ?
CHZ reached its all-time high price in March 2021. This surge was fueled by a booming cryptocurrency market and increased interest in fan-based engagement models through blockchain technology.
Is CHZ a good long-term investment?
The long-term potential of CHZ is tied to the adoption of the Socios.com platform and the broader concept of fan tokens. While it has shown resilience and utility, like all cryptocurrencies, it carries inherent volatility and risk. Thorough research and consideration of market trends are essential.
How does the price of CHZ correlate with Bitcoin?
CHZ has a moderate correlation with Bitcoin, often indicated by a coefficient (e.g., 0.33). This means that while CHZ can be influenced by broader Bitcoin trends, it also has independent price drivers based on its own ecosystem news and developments.
Where can I track CHZ's price in real-time?
Numer reputable cryptocurrency data websites provide real-time price tracking, historical charts, trading volume, and market cap data for CHZ. These platforms are essential tools for any serious investor or enthusiast.
What factors influence the price of CHZ?
Key factors include platform adoption news (new team partnerships), overall cryptocurrency market sentiment, changes in the circulating supply, and the utility and demand for specific fan tokens on the Socios.com platform.