The cryptocurrency market is consolidating in the red zone. However, there are also crypto projects ongoing. One of them is Chiliz, which Turkish crypto investors are interested in. In the background of this, Chiliz, which frequently comes to the fore with its partnerships, has a new partnership. Following this important announcement, the altcoin price continues to move north.
Chiliz and Azuro formed a partnership, altcoin price increased!
cryptokoin.comAs you follow from , Fan Token-focused altcoin project Chiliz makes a name for itself with important partnerships. In a recent development, Chiliz announced a funding program in collaboration with Azuro to support dApps built on the Azuro protocol and Chiliz Blockchain and expand the on-chain sports prediction market. The funding program is now open for applications. Additionally, the funding consists of two levels. These are: $2,000 for adding features to existing apps and $4,000 for complex features or new dApps.
Following this development, the altcoin price started to rise. CHZ made a move from $0.147 to $0.1583 during the day. At the time of writing, the token was trading at $0.1583, up 7.68% on a daily basis. The rise continues due to the impact of the news.
Chiliz’s new collaborations and opportunities
CHZ has aroused interest in the market with its recent collaborations. Their partnership has the potential to increase future expansion opportunities of the altcoin project. SBI Digital Asset Holdings announced their collaboration with Chiliz in the second week of May 2024. The collaboration with a leading Japanese institution opens the doors for CHZ to enter the Japanese market. Startups are eager to introduce fan tokens in Japan. This is a move that will attract a new wave of new customers from the country.
Additionally, according to Chiliz post on X, South Korean payment giant Naver Pay has also collaborated with this platform. Naver Pay is used by most South Koreans, with 33 million registered users and 18 million daily users.
Will the altcoin rally among multi-level partnerships continue?
Chiliz experienced a 29.4% increase in value last week. Currently, the token was trading at $0.1583 with a daily gain of 7.68%. The continuation of new partnerships shows that crypto is on the verge of significant growth, according to experts. According to the latest CHZ price prediction, the token has the potential to reach higher levels. To achieve this and attract a wider audience, cryptocurrency needs to expand its utility and technological capabilities. High-profile partnerships are also a convenient way to maintain relevance in the market.
Additionally, the CHZ price rose sharply towards the supply zone, which was tested three times. At the time of writing, the altcoin price was at the same hurdle level for the 4th time. If the price manages to clear the possible hurdle of $0.16000, it is likely to target $0.30000, with the primary resistance level at $0.22000.
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