Chiliz Price Prediction 2023. Should I buy CHZ?

How much Chiliz will be worth in 2023? To find out, dive into our complete CHZ price prediction for year 2023 and beyond! CHZ price, technical indicators, and exchanges.

This year has been a tough sail for Chiliz since May 2022, when the Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations. Subsequently, the chain of unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of CHZ.

With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for Chiliz to reclaim its all-time high in 2023? Continue with the article to learn about Chiliz price analysis and prediction by Coinpaper.

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What is Chiliz?

Chiliz is the company behind the fan engagement platform Socios and the CHZ token. Based in Malta, Chiliz allows sports and entertainment fans to connect with their favorite teams, leagues, artists and franchises. The Socios platform by Chiliz lets fans purchase branded NFTs that connect them to their favorite creators and sport clubs. The said NFTs can be only purchased with CHZ token and offer fans unique experiences with their beloved team, branded merchandise, and an opportunity to influence their favorite teams’ decisions by voting in polls on Socios platform.

Chiliz (CHZ) price

Currently, Chiliz Price is USD. CHZ has a circulating supply of coins and a total supply of . If you are looking to buy or sell Chiliz, Binance is currently the most active exchange.

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Chiliz price prediction 2023

The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.

According to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.

Another market factor that should be taken into consideration is how successful will be the U.S. Federal Reserve’s efforts to curb inflation. For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy — on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets.

Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish Chiliz 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see Chiliz price at $0.178 to $0.21. On the flip side, a fading interest in the new meme coin may push the price of Chiliz to $0.08-$0.06 lows.

Chiliz price prediction 2024

In 2024, the global macroeconomic backdrop is likely to be more favorable to the crypto market, adding value to Chiliz (CHZ) and other cryptos. However, the possibility of black swan events similar to the collapse of FTX cannot be completely ignored.

Keeping this in mind, we foresee the price of Chiliz to climb as high as $0.26, with the more distant prospect of reaching $0.31 in 2024. The bearish scenario is likely to see Chiliz (CHZ) trading between $0.18 and $0.11 in 2024.

Chiliz price prediction 2025

Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our Chiliz (CHZ) price analysis and prediction is based on pure speculation and observation of Chiliz historical price movements.

Our Chiliz 2025 price forecast expects CHZ to rally towards $0.35 and reach $0.48 by the end of the year. The bearish scenario would see Chiliz at $0.21 to $0.15.

Chiliz (CHZ) price prediction 2026

Looking ahead four years, to 2026, Coinpaper's price prediction for Chiliz is neutral. In 2026, we expect Chiliz to reach at least $0.56 before climbing higher to $0.64. In case of a bearish scenario, Chiliz may fall to $0.23.

Is Chiliz (CHZ) a good investment?

Whether Chiliz token is a reasonable investment for you depends on your risk profile and how much you intend to invest. For now, it looks like Socios platform is gaining traction and quickly grows its brand as one of the most popular sports and entertainment projects on blockchain. CHZ may be a profitable investment in 2023, but it’s important to remember that cryptocurrencies can be highly volatile, and prices can swing both ways.

Bottom line

Are you ready to invest in Chiliz? Very few if any analysts forecast its value going down to zero, although you can’t be sure these days, so make sure you always do your own research before making investment decisions. And keep in mind that cryptocurrency prices can be extremely volatile, so trading crypto always involves a high degree of risk.

You can buy CHZ from many crypto exchanges, including Binance

Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.


Who created Chiliz?

Chiliz was founded by its current CEO, Alexander Dreyfus

What was the all-time high for Chiliz (CHZ) ?

The all-time high price of Chiliz is $ on 2021-03-13