The year started on a positive note for the cryptocurrency community at large. The bullish trend witnessed in the last days of 2020 continued in the year, drawing a lot of worldwide popularity to the crypto space.
This massive bullish run affected Altcoins such as Chiliz, which increased in value, leading to various speculations on the coin. It is while I have decided to write about the Chiliz price prediction for 2021- to aid your investment decisions.
In my personal opinion, I think that with the current innovations going on in the platform coupled with its affiliation with the sports sector, I believe Chiliz token price is capable of increasing in value in 2021. So far, I have added the coin to my stock. I got mine in one of the latest cryptocurrency exchanges, Coinuma, an exchange that offers negative fees to traders. That is, they pay you to trade with them.
For this article, I will be focusing on the various crypto prediction websites and individual opinions from Twitter and YouTube. But before I start, let’s understand the concept of Chiliz.
What is Chiliz?
Chiliz is a leading digital currency for sports tokenization. It is powering the worlds first scalable fan engagement and rewards app where fans can buy and trade unique fan tokens as well as vote in club-focused surveys and polls. It is an ERC 20 utility token that works on both the Chiliz and socios.com platform. It is currently one of the leading digital
cryptocurrencies in terms of fans tokenization. Together with the Chiliz team, top blockchain ventures joined to create a token used by sports fans.
With Chiliz, fans will have access to tokens that will allow them to participate in most of their team activities, such as; club decision making done through mobile voting and buying of customized team merchandise, among many others.
The tokens bought are unique to each club that are in partnership with Socios.com and are finite. The natïve governance token of the Chiliz is the CHZ.
History of Chiliz
Chiliz.net was launched by Alexandre Dreyfus, who is also the CEO of the platform. Chiliz.net is the first of its kind mobile and desktop crypto exchange for sports and entertainment products. It is available on desktop, iOS and Android. The platform’s team has more than 20 years of web and platform development, including major gaming and payment solutions. Just like every other technology they have used in the past, they embrace blockchain technology.
The platform unveiled the fan tokens of some football clubs such as Juventus ($JUV), Paris Saint-German ($PSG), Atletico de Madrid ($ATM), etc., during the launch.
The cryptocurrency is also listed in some popular exchanges such as Binance, Coinone, Bitmax, Kucoin, etc. Also, since it is an ERC — 20 token, it is available on the Ethereum platform. CHZ cryptocurrency uses smart contracts to secure the voting process and fan influence polls.
As the first digital currency of its kind in the sports and entertainment sector, Chiliz looks like a token with huge potentials. The fact of Chiliz being a sports token and forming partnerships with big football clubs like Barcelona put it in the limelight.
Various crypto prediction platforms have developed unique algorithms that study cryptocurrencies past prices, trends, and other information to project the short- and long-term prices of coins. By looking at these algorithms, we can know whether a coin will be a good investment or not.
Let’s look at the Chiliz price prediction for 2021 by various cryptocurrency forecast platforms.
NOTE: These predictions are not for any investment decisions. It is a suggestion that will aid you to make your investment decisions.
Chiliz (CHZ) Price Forecast for 2021
Digitalcoinprice is a platform popularly known for analyzing different cryptocurrencies and forecasting their future price. In the case of Chiliz, the platform did the same.
The experts on the website projected that CHZ price would reach $0.08 by the end of 2021. The website used their algorithm, which studies coins and estimates their future price accordingly.
Besides projecting a bullish run for the coin in the year, their subsequent years (5 years) forecast also shows a bullish trend. It shows that they are confident that the value of the coin will surge in the future.
They even went as far as representing their price estimation in a graph (all increasing in value). Most YouTubers use this platform in their coin prediction, so you should take this forecast seriously.
This platform analyses cryptocurrencies and drops their predictions. They also give you clues, whether it is going to be a profitable investment or not. However, they also remind you that it is only a mere suggestion of price development and not investment advice.
The analysts at Tradingbeasts believe that the CHZ token price can reach a maximum of $0.08 by the end of 2021. They also went further to say that the coin might have a minimum price of $0.05. That means the platform forecast is bullish.
Furthermore, the platforms future price estimation also shows bullish run. I think they see the coin as a profitable investment in the year. They didn’t give much information on how they arrived at their prediction, but they wrote a detailed analysis of the coin.
Gov.Capital’s CLZ Price Forecast
Gov.capital is a platform that critically analyses coins before forecasting. One of the reasons I like the website is how they analyze their future predictions — which is relatively easy to understand.
Having studied the information from the platform, I can see that the predicted bullish trend for the coin in the year. According to their price prediction, the coin’s value will increase to an average of $0.06 by the end of 2021. They went ahead to say that the coins least price by the end of the year might be $0.06 or a maximum price of $0.08.
The platform used a custom algorithm based on deep learning that helps users to decide if CHZ is a good investment in their forecast. Also, they believe that this asset is suited as a new addition to your portfolio as they foresee a future bullish market for the coin.
Coinarbitragebot Thinks CHZ Will Be Worth 3 Cents
By studying the historical price data of CHZ, the analysts at Coinarbitragebot predict that the Chiliz price will be $0.03 at the end of 2021. They also went further to say that the coin’s value might increase to $0.25 in the future. It means that the platform sees Chiliz as a bad 1-year investment but a profitable long-term investment (like 5 years).
They did not give any investment suggestions regarding the coin in the year like they do in most cryptocurrencies. I think the platform is neutral about the future investment decisions of the digital coin. The platform did a technical analysis of the coin, which you can check on the website.
Crypto-rating’s Chiliz Price Prediction
This platform presents a detailed Chiliz price prediction for 2021 that provides better insight into the current CHZ market situation, future expectations concerning the price action, and Chiliz market capitalization.
It will give you a better understanding of what is going on in the cryptocurrency market, adjust your trading strategy and make future decisions on the token. The platforms Chiliz prediction for 2021 is $0.07, which shows a bullish trend.
In their forecast, the platform introduced the Crypto Volatility Index (CVIX), which showcases the present price dynamics and gives some tips about the coin’s future price. The platform made its predictions accordingly by combining the Reading of the CVIX and the digital currency’s historical price behavior.
Walletinvestor Believes CHZ Will Hit 7 Cents During 2021
Walletinvestor doesn’t only forecast the future price of cryptocurrencies; they also predict real estate, stocks, etc., future values. It is while the site is popular. For the CHZ, the platform categorically stated that the digital coin is a 1-year profitable investment.
According to their forecast system, CHZ is an outstanding coin capable of reaching $0.07 by the end of 2021.
The platform is highly optimistic that the value of the coin will increase in the year. If you are looking for a coin with a high return on investment, the website gives you the green light to invest in the token.
Even their subsequent year’s forecast also shows a bullish trend. The platform further displayed a technical analysis of how they arrived at their prediction on the website, which you can check.
If you are a cryptocurrency trader, this platform’s technical analysis will be helpful to you. The analysts at Pickacrypto believes that we can predict the future price of coins by using support/resistance, trendlines, moving averages, and simple indicators like the RSI.
I think it is what they used to predict that CHZ coin will increase to $0.08 — $0.15 by the end of 2021. The platform estimates a bullish trend for the digital coin in the year. In 5 years, they think that the digital currency value will reach $1.
The various partnership that Chiliz entered might increase the value of the coin in the year. Based on these partnerships and other innovations in the platform, Cryptocurrencypriceprediction experts foresee a price increase in the year.
They predicted $0.152 as the price of the CHZ by the end of 2021. In 10 years, they think that the coin would have surpassed $1. Although their prediction did not include any investment suggestion, but their long-term projection proves that they believe that CHZ might be a profitable long-term investment.
So far, we have looked into what crypto platforms have to say about the CHZ price forecast for 2021. I think over 90% of them agree with me that the coin will have a bullish price trend in the year.
It is only Coinarbitragebot that sees it as a bad one-year investment which they also said is a profitable long-term investment (5 years +). But let’s see if Twitter user’s opinion is the same or if it differs.
YouTubers and Their Chiliz Price Predictions for 2021
In YouTube, most users have made there CHZ price forecasts for 2021. Let’s look into most of them.
The Wolf of Trading
This is one of the popular YouTube channels that makes cryptocurrencies future price projections. Using the trading view and the coin’s historical price chart, the YouTuber thinks that CHZ might reach $0.10 in 2021. He also went ahead to analyze the coin and give reasons for his prediction.
In the comment section, a lot of users gave a positive comment on the forecast.
Psychic Readings by Andre
Andre is a popular YouTuber known for making future price predictions of cryptocurrencies. He is one of the crypto investors which I have been following his channel for some time.
In his CHZ future price estimation, he said that he foresees the CHZ price around $0.30 in 2021. This means that the user sees the value of the coin increasing in the future. The YouTuber also said that it is not a piece of financial advice.
CHZ Price Forecasts for 2021 on Twitter
The Twitter user made his CHZ price prediction in November last year. The users project the price of Chiliz to reach $1 by the 2021. “Time for some price predictions again / $BTC 100k$ / $ETH 10k$ / $LINK 500$ / $DOT 200$ / $EWT 1k$ / $EOS 50$ / $CHZ 1 $”
From the comments so far, most users asked how he came about the predictions. However, looking at his price projections, I think he used the historical price chart of the coin for the forecast.
The Twitter user made his prediction in late December last year based on the upcoming altcoin season at the beginning of the year. “This $altseason, my price prediction depending on my understanding of the token $AAVE $300+ / $AGI $2 / $CHZ $0.40 …”
Among the 16 cryptocurrencies he forecasted their price, CHZ is included. His CHZ prediction is $0.4 for 2021.
CHZ could be a Worthwhile Investment
Chiliz coin is a cryptocurrency that seeks to tokenize the sports industry and wishes to include sports and esports fans into the club’s management. The Socios platform is a community app for sports fans who want to have a say in sports clubs’ lives. With the platform allowing clubs to issue their own fan tokens, fans are now closer to club decisions. This means that many fans will like to get hold of the token, increasing the popularity of CHZ.
This popularity and innovations are what most people capitalize on making there future Chiliz price predictions. From the projections so far, we can see that more than 90% believe that the coin’s value will increase in the future.
Apart from Coinarbitragebot, which gave the minimum forecast of $0.03 (for 1-year investment), others foresee a bullish trend for the coin in the year. A Twitter user, Reserve rights token, gave the highest Chiliz price prediction, which is $1 — meaning that the CHZ price will reach $1 in 2021.
However, both the crypto prediction platforms and individual opinions agree that the coin will increase in value in the future. What do you think about the CHZ? Drop your comment below.