Chiliz is a leading blockchain fintech provider for sports and entertainment. It developed the Socios.com platform for sports fan engagement which is built on the Chiliz blockchain. Various football clubs have launched branded fan tokens on Socios.com, including FC Barcelona (BAR), Juventus (JUV), and Manchester City (CITY) – along with other sports and entertainment organizations. Purchasing these tokens enables fans to engage with their club and access exclusive rewards and experiences.

CHZ is the exclusive on-platform currency and can be used to purchase fan tokens from Socios.com and the Chiliz exchange. The price of CHZ has seen significant changes since its launch, and if you want to know why then you’re in the right place. We’ve compiled everything you need to know about CHZ price – as well as the factors which influence it.

Chiliz Price History

Chiliz was initially issued at a price of $0.0215 and hit the crypto market in the summer of 2019. The first three months saw CHZ mostly decline until it reached a low of $0.0038 towards the end of September. The trend then reversed and prices climbed until they reached $0.02 at the start of November. The rally ended there, however, and CHZ once more began to fall, finishing the year with a value of $0.0071, which represented a 67% drop from its initial price.

CHZ experienced little price change in January 2020 but began to look bullish in the first half of February, when it once again surpassed $0.02. This high was short-lived though, and a month later CHZ bottomed out at $0.0039 following a crash of more than 50% on a single day in March.

This marked the start of a period of growth which saw CHZ reclaim $0.01 in May followed by a peak of $0.0226 in August. Prices then pulled back to dip below $0.01 in September and CHZ spent the next three months trading between $0.008 and $0.015. In December, CHZ found some bullish momentum which took the token over $0.03 for the first time, before retracing slightly to end the year at $0.0214 – more than three times the price at which CHZ started 2020.

After consolidating throughout January 2021, the rally continued in February when prices more than doubled. The growth then became exponential at the start of March, when Chiliz’ market cap exceeded $1 billion for the first time, and culminated with CHZ reaching an all-time high of $0.976 on 12 March 2021. At that point, Chiliz had a market cap of over $4 billion.

Prices then retraced to dip below $0.40 in the first week of April, before surging back up to $0.87 nine days later. This was followed by a sharp pullback of over 60% but CHZ climbed back up to $0.57 by the end of April, meaning the token had achieved year-to-date gains of almost 2,600%.

Analyzing Chiliz Price History

CHZ’s price history can be analyzed with many of the same techniques as stock market analysis. Technical analysis (TA) involves using various indicators while studying price charts in order to make sense of previous price movements. With CHZ, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy or sell their coins on exchanges.

Fundamental analysis (FA), on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. Chiliz is a fan engagement pioneer and is tapping into the sports and esports markets, which are worth hundreds of billions of dollars combined. The project has already seen the participation of more than two dozen leading sports and esports organizations, with more planned for the future. These could be good signs for the project’s fundamentals.

Broader market trends have also played a role in CHZ’s price history. Its surge in 2021 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.

CHZ’s huge single-day drop in March 2020 came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The effect of this was felt by the whole cryptocurrency sector and the entire stock market, which experienced the biggest single-day crash since 1987.

The overall price trend of CHZ tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.

Factors Influencing The Price of Chiliz (CHZ)

A variety of different things can affect the price of CHZ, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider cryptocurrency and global economies.

CHZ was launched with a capped max supply of 8,888,888,888 CHZ. However, 20% of the net trading fees from the Chiliz exchange, 10% of the net proceeds from fan token offerings (FTOs), and 20% of the net proceeds from non-fungible tokens (NFTs) and collectibles are collected in CHZ and burned, making CHZ a deflationary asset. This diminishing supply puts upward pressure on the value of CHZ and will lead to a price increase if demand can be sustained.

CHZ is the fuel for the Chiliz ecosystem and a major source of demand for the token is its utility for purchasing fan tokens. CHZ is required to take part in FTOs, and the benefits that fan tokens provide to fans could encourage more people to buy CHZ for fan token purchases.

As FTOs both drive demand for CHZ and reduce its total supply through burning, the more fan tokens are added to the platform the more likely CHZ is to rise in price. Chiliz has also partnered with the Ultimate Fighting Championship (UFC) and will enable fans to purchase UFC tickets with CHZ. This should further boost demand for the token.

Live Chiliz Value and Market Cap

The live price of CHZ varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux. 

Given CHZ’s volatility, its live price can change by a large amount in a very short space of time. The market cap of Chiliz is equal to the price of CHZ multiplied by the number of CHZ in circulation.

Chiliz Price FAQ

How is the price of CHZ calculated?

CHZ’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying CHZ than selling it, the price goes up, and when more are selling than buying, the price goes down.

Why is the price of CHZ different on different cryptocurrency exchanges?

CHZ’s price is based purely on trading as there is no standard global CHZ price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.

What will CHZ be worth in the future?

It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of CHZ. However, with Chiliz’ plans to partner with more sports and esports organizations, it seems likely that future FTOs could boost the price of CHZ.

Conclusion

The price of CHZ has changed significantly throughout its history, going from lows of less than half a cent to almost reaching $1. The journey hasn’t been a smooth one, however, as CHZ’s volatility has led to surges and crashes along the way.

Many different factors have played a role in determining the price of CHZ, including its supply reduction through token burns, CHZ demand for purchasing fan tokens, and trends in the rest of the crypto market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Chiliz and cryptocurrencies!