Chiliz Price Prediction

Will Chiliz go up or crash? Read our Chiliz price predictions for 2023-2030

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Last Updated May 23rd 2024
15 Min Read

Chiliz Overview

Chiliz (CHZ) is part of a new generation of cryptocurrencies that dominated headlines in 2021 targeting a specific niche of new crypto enthusiasts. So, how much can Chiliz be worth? Potentially quite a lot, but before we dive into our Chiliz price predictions for 2023 to 2030, let’s recap why CHZ is a top investment.

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CHZ — King Of Fan Tokens

Sometimes stylised ‘ChiliZ’, Chiliz (CHZ) is a cryptocurrency used to buy fan tokens that are available on their platform called ‘Socios’ and created by the fintech company also known as Chiliz.

CHZ has a maximum supply of 8,888,888,888 tokens and can be divided into 18 decimal places, which means the smallest denomination of Chiliz is 0.000000000000000001 CHZ.

Chiliz price prediction

Some of Chiliz’s rivals include:

  • Shirtium (SHI)
  • All Sports (SOC)
  • RealFevr (FEVR)
  • Scorum Coins (SCR)
  • Crypto Sports (CSPN)

What’s The Point Of Chiliz?

Have you ever been a huge fan of a sports team but found yourself frustrated with their decisions? Do you ever get the feeling that fans deserve to have a bigger voice? Chiliz aims to give more power to the fans whose vehement support is the beating heart of these sports teams.

Through fan tokens, fans will be better able to voice their opinions to their favourite sports teams and it will provide sports teams with new ways to monetize their fans by offering virtual assets as well as other possibilities.

Some of Chiliz’s benefits include:

  • Has a monopoly on the niche audience of sports fans.
  • Works with many of the biggest football clubs in Europe with millions of fans.
  • Proof-of-authority (PoA) consensus mechanism means Chiliz is more energy-efficient than proof-of-stake and proof-of-work.
  • Though PoA is less decentralised than other blockchains, it is more scalable and secure.
  • Operates on Ethereum, Tron, the Binance Smart Chain, and Solana.

Who Is Behind Chiliz?

Founded in 2017, Chiliz officially launched in 2018. Both Chiliz and the Socios platform were created by CEO Alexandre Dreyfus, an entrepreneur with a strong background in interactive tourism platforms, online poker sites.

Chiliz invented the idea of ‘fan tokens’ with the intention of finding a new way to profit from fanbases of sports teams. In the future, it is suggested that Chiliz may also explore other opportunities outside of sports.

What Is Chiliz Used For?

Owners of fan tokens can take part in the decision-making process through surveys and polls on the Socios platform with the aid of smart contracts. In a sense, it is like the fans own a little bit of the club and a voice in how they operate (though not exactly).

Fan tokens can also be used as an alternative revenue stream where certain items could be only available to fan token holders, such as NFTs. To purchase any of Chiliz fan tokens, users must first purchase Chiliz.

Chiliz was initially created on top of the Ethereum (ETH) blockchain as an ERC-20 token, however, since its launch, it is also available on the TRON (TRX) network as a TRC-20 token and on the Binance Smart Chain, Binance Coin’s (BNB) parallel chain. Chiliz also has a sidechain called Socios which uses a ‘proof-of-authority’ consensus mechanism.

Who Uses Chiliz?

Chiliz have been particularly successful in Europe, forging partnerships with some of the most well-known football teams. Two of the most popular include the Paris Saint-Germain Fan Token (PSG) and the Manchester City Fan Token (CITY). Outside European football, Chiliz has also partnered with mixed martial arts league UFC to create the UFC Fan Token (UFC).

According to the Socios platform, they have over 120 partners based in 25 countries over three continents.

Technical Analysis Of Chiliz’s (CHZ) Price Movements

According to data from CoinMarketCap, CHZ’s first known price is $0.01634 on the 2nd of July 2019. A few months later, on the 27th of September 2019, Chiliz hit an all-time low of $0.004001.

Chiliz hit its all-time high of $0.8915 on the 13th of March 2021.

In 2022, Chiliz started the year at $0.29, reaching a 52-week low of $0.081 and 52-week high of $0.32, and then ended the year at $0.10.

Chiliz Price Chart

Chiliz price chart

Chiliz CHZ/USD price chart. Source: Coinmarketcap

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Expert’s Take On Chiliz Price Predictions

Almost all expert Chiliz price predictions agree that there will be an increase in the price of CHZ in the future but disagree on how high the asset will go.

The Chiliz price is forecasted to reach $0.175 by the beginning of December 2023. The expected maximum price is $0.219, minimum price $0.149. The Chiliz price prediction for the end of the month is $0.1626437.

Trading Beasts

The price of Chiliz is predicted to reach at a minimum level of $0.25 in 2025. The Chiliz price can reach a maximum level of $0.31 with the average price of $0.26 throughout 2025.

ICOcreed

Future price of the asset is predicted at $0.45018 (266% ) after a year according to our prediction system.

Gov Capital

According to our current Chiliz price prediction, the value of Chiliz will increased by 224.83%, reaching $0.44 by end of 2025..

DigitalCoinPrice

The price of 1 Chiliz is expected to reach at a minimum level of $0.32 in 2025. The CHZ price can reach a maximum level of $0.40 with the average price of $0.33 throughout 2025.

Price Prediction

The system forecasts a +37% move from $0.1214 to $0.1660 over the next month, Chiliz has a price prediction of $0.1838 in over a years time.

Coinskid

For the year 2023, the price of Chiliz will be almost $0.20. The maximum price that we can get is $0.24. Chiliz average price forecast at the end of 2023 can be around $0.21. A huge price turnover is expected within the range defined by the crypto market.

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Chiliz (CHZ) Price Predictions

Before you get too excited about our Chiliz price predictions for the rest of the decade, bear the following factors in mind.

Chiliz’s dramatic price rise in March 2021 is largely attributed to the rise in popularity of NFTs (non-fungible tokens), as suggested by Bilal Jafar of Finance Magnets and Rakesh Upadhyay of Cointelegraph.

Then in mid-November 2021, Chiliz increased 170% after they launched in-game NFTs for fan token holders, as Jordan Finneseth of Cointelegraph reports.

In 2023 and beyond, we could see the growing interest in NFTs bring more potential users to Chiliz, particularly fans who want to own unique NFTs related to sports teams and other forms of entertainment.

Chiliz price pridiction

Aside from NFTs, another key factor is Chiliz’s partnerships. In 2021, a wide number of fan tokens were created on top of the Chiliz platform. Some of the fan tokens now available include:

  • McLaren, Aston Martin, and Alfa Romeo F1 teams.
  • UFC (mixed martial arts league).
  • AC Milan, Arsenal, Manchester City, Paris Saint Germain, and Barcelona football clubs.

As more sports teams create fan tokens on the Chiliz platform, it will increase demand for the CHZ token, particularly if these teams are successful in enticing fans to own them.

It’s plain to see that Chiliz stands to be an excellent short-term investment (one year) or long-term investment (five to 10 years). Here are our Chiliz price predictions for 2023 to 2030.

Chiliz (CHZ) Price Prediction 2023

Continuing to enhance its NFT capabilities will see CHZ reach higher highs in 2023. The Chiliz price prediction for 2023 anticipates CHZ to rally to a max price of $0.26 and a min price of $0.12. The end of 2023 will see Chiliz secure an average of $0.19.

Chiliz (CHZ) Price Prediction 2024

The next Bitcoin halvening will take place in 2024 as will the next UEFA Euro championship, compounding the price of Chiliz. At the highest, CHZ is predicted to reach $0.32 and at the lowest, it can hit $0.19. Chiliz’s average predicted price for 2024 is $0.25.

Chiliz (CHZ) Price Prediction 2025

By 2025, Chiliz’s fan token ecosystem will explode as more and more sports clubs seek to create their own tokens. At the end of the year, Chiliz will climb to an average of $0.375, reaching a high of $0.45 and a low of $0.3, as calculated by the Chiliz price prediction. If Chiliz can reach the average target, it would represent a 212% increase on current CHZ’s price.

Chiliz (CHZ) Price Prediction 2026

Gamification of the Chiliz platform will further boost the appeal of CHZ in 2026. Chiliz has a median target of $0.46, with a high estimate of $0.56 and a low estimate of $0.36, as confirmed by the Chiliz price prediction. 

Chiliz (CHZ) Price Prediction 2027

Expanding further afield outside Europe, Chiliz will firmly establish itself in Latin America, Southeast Asia, India, and the Middle East, reaching millions more users. If you’ve been asking “what will Chiliz be worth in five years?”, it can accomplish a top price of $0.91, sink to a low of $0.59, and secure an average of $0.75, as per the Chiliz price prediction data.

Chiliz (CHZ) Price Prediction 2028

2028 will see Chiliz include a much wider range of sports tokens, including racing, cricket, and perhaps even American football. The 2028 Chiliz price prediction is confident that the value of CHZ will continue to increase. The maximum price of Chiliz will be $1.12 and the minimum price will be $0.89.

Chiliz (CHZ) Price Prediction 2029

By 2029, sports clubs will begin to experiment with very different and creative ways in which their fan tokens can be used, fuelling further demand for Chiliz. In 2029, the Chiliz price can be expected to be worth $1.47 at the highest, $1.13 at the lowest, and secure an average of $1.3 by the end of 2029, as per the Chiliz price prediction.

Chiliz (CHZ) Price Prediction 2030

After a solid decade of performance, institutional investors will finally feel comfortable making big investments in Chiliz. Achieving a record price of $1.95 in 2030, the Chiliz price prediction estimates CHZ will have an average of $1.75, and a low of $1.54. Hitting this new all-time high would mean Chiliz would increase by 1,525% in the next years.

According to the latest long-term forecasts and price predictions, the price of Chiliz will hit $0.26 by the end of 2023. Chiliz will rise to $0.45 in 2025 and $1.95 in 2030.

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Conclusion: What Could Chiliz Be Worth?

The Chiliz price predictions show that CHZ has a very promising future and has the potential to continue to increase for the next eight or so years if all goes well. Despite this, there are some things that investors should think about before putting money on Chiliz.

There’s always the possibility that Chiliz could become a legal mess if its relationships with its sports clubs sour. Chiliz could end up with too much power over sports clubs if fan tokens become highly popular and it could end up pressuring clubs into taking actions they otherwise wouldn’t want to do.

The idea of owning part of the team or club could also be taken the wrong way by some of the fans if they are not listened to and feel like they are ignored. That could create issues with sports clubs which could also impact Chiliz. And this all before we bring up the ‘regulation’ factor, which could be doubly crippling for Chiliz if it goes badly.

chiliz price forecast

What Will Happen To The Price Of Chiliz (CHZ) In 2023?

Our Chiliz price prediction forecast system calculates Chiliz will appreciate in 2023 and manage to reach $0.26, however, it could hit lows of $0.12.

Will The Price Of Chiliz (CHZ) Go Up In 2023?

Yes, the price of Chiliz is predicted to go up in 2023, though it will not hit its current all-time high of $0.89. Instead, it will reach a more modest yearly high of $0.26, as surmised by our Chiliz price prediction. 

What Will Happen To The Price Of Chiliz (CHZ) In 2025?

By the year 2025, Chiliz would hit $0.45, as per our Chiliz price prediction. CHZ is not expected to hit prices lower than $0.3 in 2025.

Will Chiliz (CHZ) Hit $1?

Yes, Chiliz will hit $1, a target it is expected to reach for the first time by some point in 2028 — five years from now.

Will Chiliz (CHZ) Reach $5?

Chiliz might not reach $5 in the near future.

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FAQs Chiliz Price Prediction

What Is Chiliz Coin Used For?

Chiliz (CHZ) is a cryptocurrency used to buy fan tokens on the Socios platform. Fan token holders can take part in the decision-making process for their favourite team by voting in polls and completing surveys.

Is Chiliz Legal?

So far, there have been no legal issues with Chiliz, and fan tokens have been created in partnership with sports teams. However, Chiliz does note in their terms and conditions that if it is determined that owning, acquiring or transferring Chiliz constitutes a regulated instrument that is required to be licensed or registered, it could negatively impact Chiliz and the Socios platform. So, to summarise, it is still a grey area where regulation is yet to catch up.

Does CHZ Have A Future?

Yes, CHZ does have a future and is widely expected to appreciate throughout the remainder of the decade. In the coming years, more fan tokens will likely be created with Chiliz and the creation of unique NFTs could bring in more users too.

Is Chiliz A Good Investment?

Yes, so far, our technical analysis of Chiliz proves that Chiliz is a good investment. Since it began trading, Chiliz has accomplished an ROI of 462% — excellent for news for an asset only slightly more than three years old.

Will Chiliz Rise?

As per forecast, Chiliz crypto will rise. Our Chiliz price prediction has determined that by 2030, it will be worth around $2 per coin.

What Price Could Chiliz Reach?

Based on our forecasts, a long-term increase is expected for Chiliz, and it will hit a max of $1.12 in five years (by 2028), and $2 by 2030.

How High Will Chiliz Go?

How High Will Chiliz Go? Chiliz could go as high as $5.12 by 2032 according to Price Prediction’s highest Chiliz price prediction.

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