Chiliz [CHZ] sees +150% price surge in four weeks, and that’s not all

ambcrypto.com:

Chiliz [CHZ], the social engagement fan token, has been witnessing massive growth since last week.

Especially, since the CHZ  founder, Alexandre Dreyfus, gave a glimpse of CHZ 2.0. It is created for the sports and entertainment sectors, enabling leading brands to build Fan Tokens, NFTs, and other digital assets.

Needless to say, all fees are paid in Chiliz native token CHZ.

Interestingly, CHZ registered a massive uptick in its price at press time. As per CoinMarketCap, CHZ surged by more than 10% in just 24 hours. And, by more than 150% in the past four weeks as it traded around the $0.24 mark.

Following this, the token peppered its way into the top 40 crypto assets by market cap.

Even dominant buyers flocked back to the network as highlighted by Santiment. Whale transactions hit the highest network amount since 29 March. In this regard, Santiment added, “even if whales are profit taking, the CHZ rally could continue.” 

The graph given below shows that 105 CHZ transactions (~$100k) took charge.

Source: Santiment

In fact, as per the whale activity tracking site, Whalestats, the flagship token made its way back to the top 10 by trading volume among the 100 biggest ETH whales.

Such unprecedented demand and activities for a token would create a buzz around that network.

This is no different. Both trading volumes, as well as active addresses, witnessed immense hikes between 22 and 23 August.

Though at press time, the surge percentage did decrease to double-digits. Well, things could change as the price continues to see deeper penetration in the green (bullish) zone.

Moving on to the social front, both social engagements and social mentions witnessed more than a 50% surge as shared by LunarCrush.

Source: LunarCrush

The CHZ 2.0 announcement