Cryptocurrency While the imbalance and slow recovery in the market continues Chiliz (CHZ) altcoin It was among the most bullish among major tokens.
Total cryptocurrency market cap has decreased by 2.42% in the last 24 hours, while CHZ has increased by about 6% in the same time frame.
CHZ Launches A New Decentralized Exchange (DEX)
CHZ, the native token of the Chiliz Blockchain, where sports teams are launching their fan tokens, appears to be positively decoupled from the current market movement.
With the rise it experienced, CHZ managed to erase its losses last week. With this bitcoin its price has lost 2.19% in the last 7 days.
Chiliz CEO Alexandre Dreyfus said on Twitter that CHZ Chain 2.0 will launch the first decentralized cryptocurrency exchange for fan tokens.
According to the CEO’s statement, with this move, the liquidity of the token will increase. However, with the new exchange, third-party developers will be able to develop new features for themselves.
The altcoin, which was traded at $ 0.11 before the development, climbed up to $ 0.14 with the statements of the CEO. However, CHZ eroded some of its bullish momentum and is trading at $0.125 at the time of this writing.
CHZ broke its all-time high price record in March 2021, and the token rose as high as $ 0.89. According to this data, CHZ is trading at 86% lower than its record price.
*Not investment advice.