With the approach of the 2022 FIFA World Cup, the popularity of fan tokens has also increased. If this increase Chiliz On the (CHZ) front, it created bullishness on both the daily and weekly charts.
Despite the decline in the cryptocurrency market, sports and fan token‘s rose. Chiliz, on the other hand, increased by an average of 15% in the last 24 hours and led the rise.
Koinfinans.com As we reported, CHZ increased by 15.7% in the last 24 hours. Compared to the last week, it painted a much better picture and increased by 24.56%. The price of CHZ is $0.2251 per token. Its total market value is around $1.33 billion. The overall performance in October represents an increase of $230 million.
Considering the 24-hour price increase, Chiliz led the top 100 cryptoassets in terms of market cap in earnings. CHZ is followed by Trust Wallet Token (TWT) with 6.03% gains and Quant (QNT) with 4.55%.
Chiliz Rises Ahead of World Cup
2022 FIFA World Cup It will begin on November 20 in Qatar. Especially 21 days before the event, there was an increase in sports and fan activities. This increase was also reflected in fan tokens.
Chiliz aims to provide more representation to sports fans. And it is a tokenized platform that aims to help them manage the esports organizations, teams and sports they follow closely. The performance of tokens like CHZ is likely to outperform the altcoin market, especially as the 2022 FIFA World Cup approaches.
As a result, the excitement of the 2022 FIFA World Cup has created an explosion in fan tokens and other sports-related assets. These assets have been at the forefront of cryptocurrency rallies, bringing massive returns to their holders, including the Argentine Football Federation Fan Token (ARG) and Portugal National Team Fan Token (POR), which has risen 23% in the last 24 hours. 18.46%, both national teams of these tokens will participate in the World Cup.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.