• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, January 28, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Chiliz Pumps 40% – Everything You Need to Know

August 27, 2022
in Blockchain
Reading Time: 6 mins read
A A
ShareShareShareShareShare

Related articles

Amazon Developing Blockchain & NFTs Gaming Platform: Report

January 28, 2023

Biggest Crypto Gainers Today – January 27

January 28, 2023

Chiliz (CHZ) Coin cannot extend its previous massive gains, but it is still trading above $0.2111. Chiliz (CHZ) has gained nearly 40% week-to-date (WTD), reaching $0.2654 per token on August 24. As a result, the token has outperformed Bitcoin and Ether, which have fluctuated between gains and losses during the same period. The Chiliz (CHZ) coin was regarded as the market’s most well-known cryptocurrency project.

The Chiliz cryptocurrency, now known as a gaming coin, has grown significantly due to numerous partnerships in the sports industry, and the latest announcement on August 22 bolstered the recent gains. Alexandre Dreyfus, the founder of Chiliz, stated that Chiliz would stop using the Ethereum blockchain to launch its fungible and nonfungible coins instead of using its native chain, CHZ 2.0.

Chiliz Pumps 20% – Here’s Why

The current live price of Chiliz is $0.2111, and the 24-hour trading volume is $607 million. Chiliz had dropped by 10.27% the day before after gaining more than 40% in seven days. Chiliz is now ranked 41 on the market, with a live market value of $1.4 billion. There are currently 6,000,386,953 CHZ coins in circulation, with a total supply of 8,888,888,888 CHZ coins available.

Buy Cryptocurrencies Now

Your capital is at risk.

Chiliz to USe Native Chain CHZ 2.0

Alexandre Dreyfus, the creator of Chiliz, announced this week that the company would stop using the Ethereum blockchain to launch its fungible and nonfungible tokens and will use its native chain, CHZ 2.0.

The @chiliz chain 2.0 testnet roadmap. Current status & progress. Going very well. $CHZ. pic.twitter.com/2Ky15WWch7

— Alexandre Dreyfus (@alex_dreyfus) May 19, 2022

According to Dreyfus, we shouldn’t have to rely solely on the equivalent of ERC20 or ERC721. This statement was made on August 22; the same day CHZ experienced a 19% intraday price increase and a significant increase in trading activity.

Recent Collaborations of Chiliz

The CHZ coin’s bullish price rally was also aided by the Chiliz network actively working with sports companies to determine greater marketing and brand-exposure opportunities. At the beginning of August, the network began collaborations with the Sharks and Stade Francais.

Socios said the collaborations were a watershed moment in the organization’s global expansion plans. However, these recent developments have increased Chiliz’s value.

Punt Crypto Casino Banner

Scoville Network Upgrade

The Chilliz team teases the upcoming Scoville network upgrade, which could be one of the primary drivers of the CHZ price increase. Chilliz’s official Twitter account mentioned Pequin, the Scoville testnet’s Phase 5 upgrade. The network has begun the fifth stage of its Scoville testnet launch, and the mainnet CHZ cross-chain bridge is expected to go live before the end of the year. The launch of the Chiliz mainnet marks the start of phase 7 of the Chiliz Chain 2.0 migration.

Furthermore, the Chiliz timeframe suggests that the mainnet launch could occur in the third or fourth quarters of 2022. The Chiliz team plans to launch a smartphone app in August to increase participation in the project. As a result, this was regarded as one of the primary factors that increased the CHZ’s value.

Approval of the Organismo Agenti e Mediatori License

The Italian financial regulator, Organismo Agenti e Mediatori, granted regulatory approval to the fan token platform Socios.com. After receiving the OAM license, the company can offer digital wallets and virtual currencies on the European market as part of its fan engagement and reward program.

Socios.com also became an official partner for fan interaction and rewards for Italy’s national football team after receiving regulatory approval. As a result, this was regarded as one of the primary reasons for increasing the CHZ’s value.

Crypto Market Sentiment

The cryptocurrency market has been sending out conflicting signals since the beginning of the week as it slowly recovers from its recent downturn. The cryptocurrency market has increased by over 2% in the last 24 hours, with a total market valuation of more than $1 trillion.

Bitcoin’s price has risen by less than 1% today and is still trading above the $21,000 mark. Ether is aiming for the $1,700 barrier level after increasing its value by more than 2% in the previous day. As a result, many people believed that recovering the cryptocurrency market was one of the primary reasons the CHZ’s value could rise even further.

Read more:

Tamadoge – Play to Earn Meme Coin

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • NFT-Based Metaverse Game
  • Presale Live Now – tamadoge.io

Tamadoge logo



Credit: Source link

ShareTweetSendPinShare
Previous Post

Polkadot Dev’t Activity Up In Last 7 Days, Despite Steady Drop In DOT Price

Next Post

Snoop Dogg and Eminem Head to the Otherside for VMAs Performance

Related Posts

Amazon Developing Blockchain & NFTs Gaming Platform: Report

January 28, 2023

Last updated Jan 28, 2023 Reportedly Amazon is working on the development of Blockchain & NFTs-based projects to provide blockchain...

Biggest Crypto Gainers Today – January 27

January 28, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The bearish sentiments within the crypto industry...

U.S. Representative French Hill offers insights into digital asset regulations

January 27, 2023

To guarantee that "America remains the home for innovation in fintech and blockchain," the chairman of a recently established congressional...

Storj Price Prediction for Today, January 27: STORJ/USD Hits $0.40 Resistance

January 27, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The Storj price prediction reveals that STORJ...

BTC/USD Ranges as Price Targets $24k Resistance

January 27, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction is falling again...

Load More
Next Post

Snoop Dogg and Eminem Head to the Otherside for VMAs Performance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bitcoin Price Analysis: Sideways Activity

January 24, 2023

Tron’s Justin Sun Confirms 20% Layoff at Huobi

January 6, 2023

Allegations of fraud against Compass Mining after company cuts ties with Russian

January 20, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Amazon Developing Blockchain & NFTs Gaming Platform: Report
  • BlockFi permitted to pay $10M in staff bonuses in spite of bankruptcy
  • Goldman Sachs Ranks Bitcoin Best Performing Asset so Far This Year – Markets and Prices Bitcoin News

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,117.001.27%
  • ethereumEthereum(ETH)$1,598.761.90%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.05%
  • usd-coinUSD Coin(USDC)$1.000.10%
  • binancecoinBNB(BNB)$307.711.42%
  • rippleXRP(XRP)$0.4115921.05%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • cardanoCardano(ADA)$0.3884404.16%
  • dogecoinDogecoin(DOGE)$0.0877403.06%
  • matic-networkPolygon(MATIC)$1.145.47%
  • okbOKB(OKB)$39.2410.03%
  • solanaSolana(SOL)$24.462.59%
  • staked-etherLido Staked Ether(STETH)$1,594.801.84%
  • polkadotPolkadot(DOT)$6.582.93%
  • shiba-inuShiba Inu(SHIB)$0.0000122.95%
  • avalanche-2Avalanche(AVAX)$20.9817.27%
  • litecoinLitecoin(LTC)$88.621.82%
  • tronTRON(TRX)$0.0632642.48%
  • daiDai(DAI)$1.000.06%
  • uniswapUniswap(UNI)$6.822.72%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,107.001.49%
  • cosmosCosmos Hub(ATOM)$13.705.92%
  • ToncoinToncoin(TON)$2.555.99%
  • leo-tokenLEO Token(LEO)$3.987.46%
  • chainlinkChainlink(LINK)$7.404.82%
  • moneroMonero(XMR)$179.535.36%
  • ethereum-classicEthereum Classic(ETC)$22.002.20%
  • AptosAptos(APT)$17.94-0.82%
  • bitcoin-cashBitcoin Cash(BCH)$134.300.85%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0934722.33%
  • apecoinApeCoin(APE)$6.302.56%
  • quant-networkQuant(QNT)$151.722.81%
  • nearNEAR Protocol(NEAR)$2.605.86%
  • crypto-com-chainCronos(CRO)$0.0818703.03%
  • filecoinFilecoin(FIL)$5.441.81%
  • lido-daoLido DAO(LDO)$2.394.79%
  • algorandAlgorand(ALGO)$0.2620757.99%
  • vechainVeChain(VET)$0.0248185.02%
  • hedera-hashgraphHedera(HBAR)$0.0690073.22%
  • internet-computerInternet Computer(ICP)$6.015.23%
  • axie-infinityAxie Infinity(AXS)$11.752.88%
  • decentralandDecentraland(MANA)$0.728.17%
  • aaveAave(AAVE)$87.000.56%
  • the-sandboxThe Sandbox(SAND)$0.776.16%
  • eosEOS(EOS)$1.11-0.21%
  • fantomFantom(FTM)$0.466709-1.38%
  • flowFlow(FLOW)$1.091.87%
  • theta-tokenTheta Network(THETA)$1.127.53%