• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

2025-07-24

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Major Signal Flashed!!!

    2025-07-25

    Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

    2025-07-24

    Why Did Bitcoin and Crypto Dump Today?

    2025-07-23

    Bitcoin Bulls Brace For Next Major Rally

    2025-07-23

    Wall Street’s Crypto Moves Just Got Exposed

    2025-07-23
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Altcoins»Chiliz: This update could set the pace for more demand as CHZ bottoms out
Altcoins

Chiliz: This update could set the pace for more demand as CHZ bottoms out

2023-08-30No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


  • CHZ might experience more demand as Chiliz expands to more exchanges.
  • CHZ is ripe for a rally but there is one major factor holding it back.

The Chiliz [CHZ] network is currently in its expansion phase and its latest announcement revealed a possible catalyst for CHZ’s adoption. So, let’s take a look at what is happening with the Chiliz ecosystem.


Is your portfolio green? Check out the Chiliz Profit Calculator


Chiliz recently revealed that the network was working toward integrations with major exchanges. This was while talking about its mainnet 2.0 integration with Binance.

The expansion of CHZ into multiple exchanges is perhaps the key highlight of the announcement. This is because such a development could escalate CHZ’s rate of adoption.

📢 @Binance will support the Chiliz 2.0 Mainnet Integration and Swap

The Sports Blockchain_ is coming to major exchanges. 🤝

Get ready to unlock the full potential of Chiliz $CHZ, the native token of Chiliz Chain. 🌶⛓️#ChilizChain ⚡️ $CHZhttps://t.co/Ji5iOMiiFm

— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) August 30, 2023

The availability of CHZ on major exchanges could unlock a wave of new liquidity into the cryptocurrency. But could this be enough to trigger a pivot in CHZ’s price action?

CHZ could be headed for a bullish relief

CHZ has been on a bearish trajectory throughout August. In fact, it has been on an overall downtrend since its peak in November last year. It recently tanked to a historic low of $0.060 earlier this month. However, CHZ bears were showing signs of exhaustion at the time of writing.

CHZ price action

Source: TradingView

In addition to bears slowing down, CHZ was briefly oversold during last week’s trading session. The Money Flow Index (MFI) also dipped into oversold territory and showed no signs of accumulation. Could this finally signal that the elusive pivot is about to commence?

See also  Ethereum blue-chip NFTs take a hit as volumes drop in September

These CHZ metrics show signs of changing dynamics

CHZ’s mean coin age declined for the last three days, meaning quite a large amount of the cryptocurrency exchanged hands. Interestingly, there was a large spike in transaction volume around the same time, which could be consistent with accumulation at the recent bottom range.

CHZ mean coin age and transaction volume

Source: Santiment

CHZ’s Market Value to Realized Value (MVRV) ratio just bounced back from its bottom range. This confirmed that there was significant accumulation in the last few days, hence the upside reflected the profitability of those who bought at recent lows.

CHZ supply held by top addresses and MVRV ratio

Source: Santiment

Despite the outcome observed with the MVRV ratio, whales might still be holding back CHZ bulls from achieving their full potential. The supply held by the top addresses metric was at its lowest level in the last four weeks after demonstrating some outflows in the last few days.


How many are 1,10,100 CHZs worth today


The aforementioned whale activity explained why CHZ’s price action remains subdued even though accumulation has been gaining traction. This means whale activity is the biggest factor that CHZ traders should keep an eye on. A pivot in the supply held by top addresses will likely indicate the start of CHZ’s next rally.

 

Bottoms Chiliz CHZ Demand pace Set update
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bull Run Kickoff – Bitcoin and Crypto Set to Soar

2025-07-22

Biggest XRP Crypto Update Yet? XRPL EVM Could Explode Price!

2025-07-06

Bitcoin Set to Blast Off

2025-06-25

XMR’s MAD 2025 Rally!! Monero Update & Price Predictions!!

2025-05-28
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Scams

Former FTX Employee Sues Bankrupt Crypto Exchange Seeking $275,000 in Unpaid Bonus: Court Docs

2023-11-16

A former FTX employee who was hired to work with the fallen crypto empire’s charity…

Analysis

Over $330M worth of token are scheduled to unlock in April

2023-04-03

Ad A total of 17 tokens unlocks are scheduled during April, set to release over…

Regulation

Former SEC Official Says Morgan Stanley Unleashing ‘Death Wish’ With Bitcoin ETF Offering to Clients

2024-08-12

A former chief of the Office of Internet Enforcement at the U.S. Securities and Exchange…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

2025-07-24

Why Did Bitcoin and Crypto Dump Today?

2025-07-23
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 118,085.64
ethereum
Ethereum (ETH) $ 3,753.44
xrp
XRP (XRP) $ 3.19
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 794.34
solana
Solana (SOL) $ 185.49
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.237473
staked-ether
Lido Staked Ether (STETH) $ 3,756.44
tron
TRON (TRX) $ 0.319861
bitcoin
Bitcoin (BTC) $ 118,085.64
ethereum
Ethereum (ETH) $ 3,753.44
xrp
XRP (XRP) $ 3.19
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 794.34
solana
Solana (SOL) $ 185.49
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.237473
staked-ether
Lido Staked Ether (STETH) $ 3,756.44
tron
TRON (TRX) $ 0.319861